Alembic Pharma

Before:

Alembic was forming in the downtrend channel. The price had completed a double zigzag of primary wave ((4)).

According to the Elliott wave principle, the ending point of the corrective structure is the starting point of the impulse.

I mentioned, “if the alembic breaks up the ending diagonal, it is supposed to reach the targets of 114-123-139 and more.

Click here to read previous research report.

However, the price must confirm the trend by breaking the wave (X).”

After:

Alembic has broken the 4th wave of the ending diagonal, and price got momentum as the 5th wave is the termination wave of the ending diagonal.

12:20 PM,4 January 2022– Alembic pharma reached the first target of 114.

Alembic pharma will retrace on the support trend line, and it will start marching for the 2nd target targets.

AB Capital

Before:

AB capital was undergoing the complex correction of the corrective wave ((iv)). Complex correction W-X-Y accomplished at 96.35 and made a higher low. 

Successive highs and lows indicate the starting of an uptrend.

In my previous article, I had written in bold words,” We can see the following targets:

127.70

138.96

151.2

165.9+

Invalidation: breakout of the minor channel”.

Click here to read the previous article.

After:

1:20 PM, 3 January 2022, price broke the high of wave (i) and moved out of the minor parallel channel.

AB capital reached the first target of 127.70 and made a high of 132.55.

If the price gives a strong close above wave X, it’s a good signal for bulls.

Before:

CADJPY was forming a last impulsive wave 5 of primary degree.

It had completed the corrective structure, running flat.

After accomplishing the C leg, the price surged from 87.48 to 90.

Price was above 50-MA, which was the indication of a strong trend. It was a beginning of a new impulsive move. I found that the price can make a big move up to 93.84. 

As I mentioned in my previous article, “We can expect the following targets 91.46-92.29-93.849“.

Click Here to read the previous research report.

After:

Price broke the 50-MA & minor resistance of 90.382.

Yesterday, CADJPY reached the first target of 91.46 and made a new high of 91.667.

Although the price is gaining momentum, it never moves in a straight line.

It will create a series of highs and lows to create an uptrend.

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A =0.618 B (38660), I wouldn’t want to see the prices cross and close above 61.8% ratio that is wave 1 at 38426 nearby of A and comes into play as resistance the previous swing high 37581(Wave 4) nearby.

OR

A five-wave decline in the BANK NIFTY , from 41830(Oct.) to 34019(Dec.) is complete. The 34019 low is wave A of a larger five-wave decline. The 2h range chart shows that wave B took the form of a double zigzag pattern, carrying to meet the top (W=0.618 Y) 38660. The previous 37385 resistance zone can again react as resistance. Currently, everything are positive on the day before and the day after, but wave ((Y)) (circle) of C of B can be labeled.

As those familiar with the Wave Counting model know, the B (corrective) wave in a downtrend is a counter-trend price move. In other words, it’s up. When wave B is complete, wave C down follows.