Elliott Wave

Elliott Wave theory is among the most accepted and widely used forms of technical analysis. It describes the natural rhythm of crowd psychology in the market, which manifests itself in waves. The essence of Elliott waves is that prices alternate between impulsive phases that establish the trend and corrective phases that retrace the trend. In their most basic and straightforward form, impulses contain 5 lower degree waves and corrections contain 3 lower degree waves.

Elliott Wave is fractal and the underlying pattern remains constant. The 5 + 3 waves define a complete cycle. The waves can form different patterns such as ending diagonals, expanded flats, zigzag corrections and triangles. 15 different degrees of waves can be identified with each of the 5 smart drawing tools, allowing users to visually identify different degrees of waves on a chart. The key to trading Elliott waves successfully is counting them correctly for which there are rules and guidelines.
joel-vg joel-vg TATAMOTORS, W, Short ,
TATAMOTORS: TATA MOTORS WEEKLY CHART - ELLIOTT WAVE
50 0 2
TATAMOTORS, W Short
TATA MOTORS WEEKLY CHART - ELLIOTT WAVE

weekly chart of tata motors

sgor1980 sgor1980 PNB, D,
PNB: PunjabNationalBank: Probable Irregular 'B' Wave
49 2 2
PNB, D
PunjabNationalBank: Probable Irregular 'B' Wave

Here I have tried to simplify the wave counting on the chart of PNB, as far as possible. The stock looks to be under irregular-B wave of its flat corrective pattern, most probably. The stock may see rally up to 184 depending on the completion of its sub-micro wave (4). After the completion of the sub-micro wave (5), also completing micro wave 'rounded-C' and ...

joel-vg joel-vg NIFTY, W, Short ,
NIFTY: NIFTY = THE BIG PICTURE - elliott wave count
235 4 5
NIFTY, W Short
NIFTY = THE BIG PICTURE - elliott wave count

Weekly chart of nifty elliott wave

AbhishekHSinghCMT AbhishekHSinghCMT TOP INFY, 240, Long ,
INFY: Infosys- Started 920 -Ended 920 -Extended Wave 3-Expected Wave 4
367 24 13
INFY, 240 Long
Infosys- Started 920 -Ended 920 -Extended Wave 3-Expected Wave 4

All the levels are based on cash/spot data of Infosys. Infosys became favourite stock of mine as I was fortunate with 10+ updates between 900-920 to back again 900-920 - with 90% strike rate. Started 900-920 Zone https://in.tradingview.com/chart/INFY/mNpKAS9K-Infy-Double-Power-Bottoms-Trendlines-Can-it-hold/ Ended upside at 1040-1042 Zone- What a fall - Got ...

Rohit_potdar Rohit_potdar JINDALSTEL, D, Long ,
JINDALSTEL: JINDALSTEEL CAN BE BUY AT CMP
37 0 2
JINDALSTEL, D Long
JINDALSTEEL CAN BE BUY AT CMP

Elliott Wave indicate to buy at CMP. Stock can be buy for smart moment

AbhishekHSinghCMT AbhishekHSinghCMT TOP DISHTV, D, Long ,
DISHTV: Dish TV- "If" Impulsive keeping 88.45 intact "else" Alternate
198 8 5
DISHTV, D Long
Dish TV- "If" Impulsive keeping 88.45 intact "else" Alternate

From Previous Update I assumed that minor wave 3 is still working but looking at the fall- It seems that minor wave 3 is done at 111 highs & The fall is sharp from 111 to 91.40. In last update, we wanted a push above 101.25 for the upside move which did not realise. In current Position- Minor Wave 1 high@88.45 should not be eclipsed.(Wave -4 can never enter wave ...

AbhishekHSinghCMT AbhishekHSinghCMT TOP INFY, D, Long ,
INFY: Infosys -Earnings Day-Trendline  To Push Upside above 1010
456 4 6
INFY, D Long
Infosys -Earnings Day-Trendline To Push Upside above 1010

Thank You to all, for making TradingView Community the best place for traders. Earnings on 13th April2017 We all know what happens on earnings day of Infosys- very volatile & you have to tighten your seat belts so that you are not thrown out, when Infosys is given a driver's seat. Alternate Scenario- A complex correction unfolding since 1280 Highs Thanks to ...

AbhishekHSinghCMT AbhishekHSinghCMT TOP BANKBARODA, 240, Long ,
BANKBARODA: Bank Baroda - Magical Bullish Crab- Crab Opens Account@158
387 4 10
BANKBARODA, 240 Long
Bank Baroda - Magical Bullish Crab- Crab Opens Account@158

Review of last Analysis- Bullish Crab- always are explosive & it is evident from my previous analysis on Jet Airways, which was also explosive & we were fortunate to catch the bottoms like here. Jet Airways Bullish Crab- explosive from 351... https://in.tradingview.com/chart/JETAIRWAYS/nJTzCV6Q-Jet-Airways-Harmonics-ElliottWave-351/ Bank Baroda Bullish ...

AbhishekHSinghCMT AbhishekHSinghCMT TOP INFY, 120, Long ,
INFY: Infosys - Bang On for Printing@1026 in Zone1024-1027 -What Next?
130 6 4
INFY, 120 Long
Infosys - Bang On for Printing@1026 in Zone1024-1027 -What Next?

Yesterday we played with one of the top most IT company on both the sides- first we got the fall below 1017-1018 till 1008- Booked profits in the zone 1010-1012 & the bounce which was expected till 1024-1027 done today. It opened up at 1013-1014 &rushed upside for the target 1024-1027 as expected. Till this time, high@1026 has been printed on the ...

AbhishekHSinghCMT AbhishekHSinghCMT TOP INFY, 240, Long ,
INFY: Infosys-What a move for 60 points-F1 Driver Infosys uses Ballast
537 1 9
INFY, 240 Long
Infosys-What a move for 60 points-F1 Driver Infosys uses Ballast

Infosys disappoints with the results, but cheers with giveaways & offers ballast to have good performance in the future. Today 13th April2017, Infosys disappointed investors, reporting a 2.83 per cent drop in consolidated net profit at Rs 3,603 crore for the quarter ended March 31 compared with Rs 3,708 crore posted for the sequential quarter ended December 31, ...

AbhishekHSinghCMT AbhishekHSinghCMT TOP INFY, 240, Short ,
INFY:  Infosys- Ukulele & Ending Diagonal(Wedges)Cracks 1040 to 979
555 21 13
INFY, 240 Short
Infosys- Ukulele & Ending Diagonal(Wedges)Cracks 1040 to 979

Last Price@982.50 Ukulele (A form of guitar) has so much similarity to Waves. Yes, that is correct. If you want to learn Ukulele just concentrate on 4 strings because major pop songs are result of these 4 strings but before you want to learn Ukulele you need to have one. There are 100’s of chords which is initimidating, but actually once you read the song ...

AbhishekHSinghCMT AbhishekHSinghCMT TOP INFY, 60, Short ,
INFY: Infosys - Selling The Top@1005- Crossing The Bullet Train
535 5 17
INFY, 60 Short
Infosys - Selling The Top@1005- Crossing The Bullet Train

Note- Financial Markets are not risk free & we take smart risk in trades- Look for the weakness & nail it at the top Darr ke aagey Jeet Hai- I have crossed the bullet train again because I am extreme risk taker. Do not attempt to do the stunts alone & should carry out under guidance of a trained professional. - Poking below 1005 & 999 from previous updates are ...

AbhishekHSinghCMT AbhishekHSinghCMT TOP INFY, 30, Long ,
INFY: Infosys - COO pay hike justification- can it give a push to 1025
267 2 8
INFY, 30 Long
Infosys - COO pay hike justification- can it give a push to 1025

The chronological order of events - the drama continues in Infosys for choppy up & down move. Earlier in the Day - At 09:00 Hrs 3rd April2017 NR Narayana Murthy slams Infosys COO pay hike In previous analysis we proposed an ending diagonal completing in the zone 1040-1045 - which was the cream zone as Infy had strong resistance & we had tripple tops as well ...

AbhishekHSinghCMT AbhishekHSinghCMT TOP INFY, 240, Short ,
INFY: Infosys- Risk of Ending Diagonal to end the move@1042
1052 11 15
INFY, 240 Short
Infosys- Risk of Ending Diagonal to end the move@1042

I am ruling out the 4th wave triangle scenario from previous updates- which can be referred below The rally, which started from 900-920 zone can come to an end with a possible ending diagonal structure in the last wave upside from 986 lows. If this the case, then Infosys can attempt 900-920 zone where it started below 986 as initial halt. Larger 5th wave in ...

AbhishekHSinghCMT AbhishekHSinghCMT TOP INFY, 240, Short ,
INFY: Infosys- Elliott Wave Triangle-Traded 4 legs -Final Leg & Boom?
725 11 9
INFY, 240 Short
Infosys- Elliott Wave Triangle-Traded 4 legs -Final Leg & Boom?

Fortunate to trade 4 legs back to back within the triangle makes this stock special for me. From 1030 highs where wave-3 got completed it looks to trace out an irregular triangular correction whose b-wave is allowed to go beyond the start of a-wave which has been marked 1030. b-wave travelled from 986 lows to 1036 in a complex manner which was traded from 1000 ...

joel-vg joel-vg TATAMOTORS, W, Long ,
TATAMOTORS: ELLIOTT WAVE OF TATA MOTORS - THE BIG PICTURE
155 2 2
TATAMOTORS, W Long
ELLIOTT WAVE OF TATA MOTORS - THE BIG PICTURE

Elliott wave weekly chart of tata motors

joel-vg joel-vg USDINR, W,
USDINR: BIG PICTURE OF USDINR (ELLIOTT WAVE)
163 4 3
USDINR, W
BIG PICTURE OF USDINR (ELLIOTT WAVE)

Elliott wave chart of us $ inr (weekly chart) the big picture we are within the wave 3

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