MoneyMunch.com

EWT: CADJPY Preparing for 93.84

Posted: 31 Dec 2021 12:19 AM PST

Price has completed the C leg of corrective wave Primary ((4)), and the price will march for impulsive wave ((5)).

Wave Formations:

Wave ((1))

– Leading diagonal
– Formed on extreme low
– Termination sub-wave 5 is smaller than 3

Wave ((2))

– Zigzag
– 50% of wave ((1))
– Ended near the sub-wave 4 of an impulsive wave.

Wave ((3))

– Impulse (Five wave moves)
– Extended 2.618% of wave 1

Wave ((4))

– Running triangle/running flat
– 38.2% of wave ((3))
– Ended above wave (b)

Wave ((5))

– Wave ((1)) was a leading diagonal, so wave ((5)) can’t form as a diagonal. It will be an impulsive wave.
– Wave 3 can end near 161.8% of the 4th wave at 93.492.
– Wave 1= Wave 5 at 93.765
– Wave 5 can complete after touching the parallel channel at 93.849.

We can expect the following targets: 91.46-92.29-93.849

Would you like to get our share market updates instantly?
Click the link to join: Free Stock Tips

Do you want to get premium NSE calls?
Click the link to subscribe: Premium NSE Stock Tips

If you have any questions or concerns about the stock market, don’t hesitate to contact me:

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

The post EWT: CADJPY Preparing for 93.84 appeared first on Moneymunch.

Will BPCL change the trend by breaking the falling wedge?

Posted: 30 Dec 2021 11:44 PM PST

BPCL had broken the uptrend channel and started correcting the previous move.

It has made a falling wedge, which is on the level of 61.8%.

Price will reach 401 and may face minor resistance. But If the price gives a strong close above 401.2, we can see the following targets: 415-439-456-469 and more.

If the price doesn’t make a higher low and breaks 357, it will make a down move of about 340.

Traders can wait for a pullback, and they can enter after the breakout of 401.2.

Would you like to get our share market updates instantly?
Click the link to join: Free Stock Tips

Do you want to get premium NSE calls?
Click the link to subscribe: Premium NSE Stock Tips

If you have any questions or concerns about the stock market, don’t hesitate to contact me:

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

The post Will BPCL change the trend by breaking the falling wedge? appeared first on Moneymunch.

COLPAL’s Intraday call for premium subscribers

Posted: 29 Dec 2021 10:51 PM PST

LockOnly premium subscribers can read the full article.
Please log in to read the entire text. If you don’t have a login yet, please subscribe now to get access.

Would you like to get our share market updates instantly?
Click the link to join: Free Stock Tips

Do you want to get premium NSE calls?
Click the link to subscribe: Premium NSE Stock Tips

If you have any questions or concerns about the stock market, don’t hesitate to contact me:

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

The post COLPAL’s Intraday call for premium subscribers appeared first on Moneymunch.