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5-WAVE

NIFTY - Bearish - Correction WaveNifty index, has formed a bearish correction wave after the completion of the impulse wave that started at the end of the 2008 Crisis, pushing equities higher and higher. NIFTY looks to make lows at 9800 or even drift lower as time passes. With elections around the corner, it doesn't seem that impossible either. SO, keep your positions light and breezy in the market. Don't lever your positions, else, you might drift into losses. Shorting can be done on the basis of chart analysis at shorter timeframes like say, a 30 min or lesser.
NSE:NIFTYShort
by SchoolofMarkets
IBULHSGFIN trade in bullish wolf-wave Wolf Wave Trading Strategy Rules: The Wolf Waves rules will help you to identify this symmetrical chart pattern. You can apply the same rules for the bullish and bearish wolf waves. Without further ado, these are the wolf wave’s characteristics: Wave 3 and Wave 4 must be contained within the channel created by Wave 1 and Wave 2. Wave 1 and 2 equals Waves 3 and 4 which should highlight a perfect symmetry. Wave 5 breaks above the trend-line created by wave 1 and wave 3. Wave 5 is also use to trigger our entry. There is regular time between all waves. What we mean by this is that the time to complete one cycle from low to low (and from high to high) is the same. So, between 1-3-5, there are equal timing intervals between wave cycles. Refer chart
ILong
by Fibonacci_Club
1
RELIANCE : WOLFE WAVE : NEXT IMP. LEVELAfter continuous 3 downside impulsive waves now the RELIANCE chart has made a Wolfe's Wave with a beautiful breakdown of bottom line. Furthermore, according to Price Action, RELIANCE has form a good reversal pattern by making a HIGHER LOW and gave a good closing near previous SWING HIGH. And if the STOCK now moves above its previous HIGH then it will enter into the channel again and according to Wolfe's Wave the Target for the Stock will be the upper Incline Line. But there is a very very important level which can show a resistance to the STOCK which I have market in CHART with RED COLOUR.
NSE:RELIANCEEducation
by nitinrajput2208
BataIndia : Long term view with Visual Box E-Wave theory As shown in Chart , which contain Five colored Box where each box represente One Implusive or Corrective wave . Box1 , Box3 and Box5 represent Implusive or Motive wave . Box2 and Box4 represent Corrective wave. As shown in Chart Impulsive Box1 was filled , Corrective Box2 was filled, Implusive Box3 was also filled, and Corrective Box4 is not filled fully and price are stillin trading range in corrective Box4. Implusive Box5 is fully empty, Once the price came out outof the Corrective Box4, we can anticipate Impulsive Box5 would be fill . As shown in chart let represent Box1= wave1 , Box2= wave2 , Box3= wave3 , Box4=wave4 and Box5=wave5 Wave W1 and W3 are normal wave where Wave3 travel upto the distance of 161.8% of wave1 whcih is consider as a normal wave . Note: MORE THEN 161.8% OF WAVE2 CONSIDERED AS A EXTENDED WAVE As shown in BataIndia Chart , corrective wave2 was a simple correction , As a rule of Alteration say that if one corractive wave is simple then other corrective wave can be complex in nature.. therefore we can anticipate that price in Box4 is undergoing complex correction where time period for the end of correction of wave4 can not predicit in advance . Once the wave4 correction is over or Box4 would fullly filled or Price would came out out of the Box4, then we can anticipate , Box5 will fill or next Implusive wave5 will start . As a trader , one should wait for correction to get over or price should give beakout above 830 lvl, but as a convinced investor with long term horizon , one can average in the range of 700 to 800 for a long term target of Rs1100 . with proper money management rule As per wave theroy , One of the Implusive Wave are subjected to extension, and as shown in chart Wave1 and wave3 are normal in nature , so we can anticipate Box5 or Implusive wave5 are due for extention. and might will extend. Conculsion : untill now from wave1 to wave4 of BataInda has respected various Fibbonachi ratio during the progrssion of wave e.g Wave2 retrace upton Fib. ratio 38.2% of wave1 , Wave3 travel upto the Fib.ratio 161.*% of wave1 which is considered as a normal wave, wave4 was corrected upto the Fib. ratio 61.8% of wave3.. there fore we can anticipate that BataInda would also respect this Fibbonachi ratio at various level during the remaing progesssion of wave in order to complete the 5 wave motive sequance Trade Steup and Investment For Trader , Long above 830 lvl with initial stoploss 4% of the invested equity on trade, with 1st Target for Convinced investor can average inthe Box4 range 800 to 700 for long term target 1100 with time frame more then one year Disclaim : the above Trading idea and investment rational are base on the wave theroy which is just guideline for anticipation of future prive move , which may or may not be achived depedn upon the trading environment.
NSE:BATAINDIALong
by chartgola