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5thwave

Apollo tyresApollo tyres, is looking currently in good momentum upside, it has broken resistance trendline along with good intensity of volumes along with challenging upper Bollinger band, also trend indicator macd is supporting same trend right now. As per Elliott wave projection it shows possibly we are in wave 3rd of wave 5th on daily time frame, which is a cautious sign to be ready for profit booking phase in near term and be very alert to book profits at near targets, also RK's mass psychological indicator is suggesting to go long, some highlights are shared below one can go through them to understand this study. wave structure possibilities on daily chart RK's mass psychological indicator signals positive chart pattern breakout with good volumes macd in daily positive crossover above zero line macd running positive in weekly rsi breakout in daily and its uptick above 60 price challenging upper bands on daily chart dmi adx positive strenght Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:APOLLOTYRELong
by RK_Chaarts
3
DLF (Daily) - Bullish Flag DLF (Daily) - Bullish Flag 4th wave seems to be ending, making way for the 5th wave Stochastic 14,3,3 is in positive crossover +DI has just gone above the -DI in the Directional Movement Index (DMI) indicating the start of an uptrend However before going long / buying, wait for the following to become a reality: (1) Breakout of the resistance line (drawn in red) (2) RSI to go over 60 and enter the overbought zone (3) ADX to become uptick (though it is above 15 as of now) Seems very likely that they will be achieved anytime soon. Do not take anticipatory trade till you see them happening Weekly tide is showing a morning star candlestick pattern formation
NSE:DLF
by Dhiraj_Ahuja
Mindtree (Hourly) - Double Bottom Chart Pattern Mindtree (Hourly)- Double Bottom Chart Pattern Current market price - 4653 Target - 4893 Bollinger band is challenged on the upper end RSI is above 60 Stochastic 14,3,3 is in positive crossover ADX is above 15 and +DI is above -DI in Directional Movement Index On the daily tide, all indicators / oscillators are positive too MACD of the daily tide is uptick Elliott wave count Price is in 3rd wave in hourly timeframe Price is in 5th wave in daily timeframe
M
by Dhiraj_Ahuja
Bajaj Finance (Hourly) - Inverted Head & Shoulders Chart PatternBajaj Finance (Hourly) - Inverted Head & Shoulders Current market price - 7360 Target - 7813.20 (depth of the head) Price has done breakout of the inverted head & shoulders chart pattern neckline Bollinger band is challenged on the upper end RSI is above 60 ADX is above 15 and -DI is above +DI in the Directional Movement Index (DMI) All indicators / oscillators on the daily tide look good too In fact, on the daily timeframe, the price has entered the 5th wave
NSE:BAJFINANCE
by Dhiraj_Ahuja
HDFC Bank (Hourly) - Inverted Head & Shoulders Chart Pattern HDFC Bank (Hourly) Chart Pattern - Inverted Head & Shoulders Target - 1610 (Depth of the head) Seems to have retested the neckline after the breakout Has entered the 3rd wave in hourly and 5th wave in daily RSI is above 60 and the stochastic 14,3,3 is in positive crossover Bollinger band is challenged on the upper end +DI is above the -DI in Directional Movement Index (DMI) with ADX above 15 All indicators / oscillators are positive in hourly and daily time frame On weekly timeframe, thought the MACD is downtick but we have an early buy signal of stochastic 5,3,3 being in positive crossover
NSE:HDFCBANK
by Dhiraj_Ahuja
6
Indiabulls Housing Finance - Trendline Breakout Indiabulls Housing Finance (Daily) - Trendline Breakout It seems to have entered the 5th wave after a long 4th wave And currently it seems to be in the 3rd internal wave of the 5th main wave as per the Elliott wave count This is the fifth attempt in which it has done a breakout of the long slanting trendline as shown in the image attached RSI is above 60, Bollinger Band is challenged on the upper side and the ADX is well above 15 On the weekly tide, all indicators / oscillators are positive as well
I
by Dhiraj_Ahuja
Elliott Wave - Impulse with 5th wave extensionWhen ever if we see a 5th wave extending . We need to look at the following 1. Slope of wave 1 > wave 2 > wave 3 . 1.So trend channel will look like a megaphone pattern . 2. Wave 4 has to be deep becoz wave 4 will behave like wave 2 . 3. wave 5 may be 1:1 frm wave 1 to 3 extended from the end of wave 3 . (More on this later with a good example) But most important 1. THE EXTENDED WAVE 5 SHOULD BE RETRACED BY AT LEAST .618% very fast and furious . 2. WAVE 5 SHOULD NOT BE COMPLETELY RETRACED IF THE IMPULSE HAS TO CONTINUE FURTHER . So that way you will know stoploss . We will discuss trading edges later as I use 20/50 EMA and most top Ichimoku Kinko Hyo . I have sent a time cycle on this chart based on Ichimoku . So price action tomorrow is extremely important . Regards
NSE:HDFCLIFELong
by AJAYSHARMA
2
Bank Nifty: Elliott Wave AnalysisSo this is how the labelling is done on a daily chart of Bank Nifty Future. As you can see what I believe is that the recent correction is Flat in Wave 4 and so far we have completed Wave 3 and now we might be going for 5th wave rally. Wave 4 retraced around 0.236 and within this Wave 4 sub-wave b retraced more than 0.786 whereas sub-wave c extended exactly 175% of sub-wave a. Considering the Fibo cluster i.e. Wave 4 retraced 0.236 and sub-wave c within Wave 4 extended exactly 175% it might be reasonable to assume that Wave 4 correction might be over. We expect the levels around 41000-42000 as Wave 5 TGT. The invalidation (Stop Loss) is mentioned on the image itself.
NSE:BANKNIFTY1!Long
by Dev9939