TREND ANALYSIS & TRADE SETUP ! ELLIOTT WAVE ANALYSIS !! Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for ENTRY CONFIRMATION ! Reward is 8-10 times .
ONLY FOR RISKY TRADER .... BUY ONLY 5 shares(warning) Nifty is also just to reach 14070-14050 as you can see my previous chart and HDFC - 2370 it is a good chance to buy HDFC which is going to long with nifty... short term target -- 3000
In this video I have discussed SBIN daily chart in details. Please check out and let me know your valuable feedback.
So 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...
this may the last move of impulsive wave then after it may correct itself --------------------------------------------------------------------------------------------------- BUY NOW FORTHE MOVE OF 100 -150 POINTS -------------------------------------------------------------------- ---------------- THANKS ----------------
Debut Idea for Dollar Index Shown in oval shape was 1st leg of the triangle which topped out at 103.82 Published on 24th April 2016. Proposed triangle for wave-4 ( currently we are in final leg- expect rise holding above 89.20) & later "collapse" in wave-5 ( proposed ending diagonal) 24th April 2016 (Click the Idea)
You can observe the 9 and 200 ema cross over and price pattern has well developed into incline channel. You can also see the 5th wave transition, that is likely end within a channel only. The safest entry will be above 1210, target should be 1430-1440. Keep the stop loss at 200ema.
Last Fall /Wave Downside- 2022 to 1855 was done in fast & furious mode as suggested in the last idea mentioned below -------------------------------------------------------------------------------------------------------- Last Idea- Last Leg Running upside in Triangle close to 2000- Get Ready for Fall!!!...
HDFCBANK retraced more than 61.8% from top. Leading Diagonal wave is 5 wave pattern which is formed in wave 1 of impulse or wave A of Zigzag. HDFCBANK to start fall post close below 1093 on hourly chart. SL can be 1120-30. Potential wave targets are in coming days Wave A 1046/1020 Wave B 1075/1065 Wave C 1002/960
If doesn't break 10350 then 10697 target in couple of sessions. Otherwise consolidation in 10250-350 zones. Below 10350 close on 15 min chart gap 10288 will be filled. Just my analysis not recommendation for taking any position :)
Nifty after expanding triangle correction aiming for Target of 5th wave 10555. Like or Comment if you agree. Study purpose only :) analysis could go wrong and wave could be truncated.
You can use this to trade Interest rates futures or long bonds. This is the 5th wave for Indian 10 year bond value. You can trade 645GS2029 IRF. In it's support you can see the chart of IN10Y Monthly chart, which makes an inverted Cup&Handle. You can also see this same chart in monthly tf which maks a cup&handle but slanted.
sell if crosses below - 1322 RSI crossing below 70 MACD cross TGT 1 - 1285 TGT 2 - 1270 TGT 3 - 1255 SL - 1345
TGT 1 - 157 TGT 2 - 154 TGT 3 - 149.5 SL - 166
EURUSD SHORT NOT COMPLETED YET? EURO has been in a strong downtrend since FEB,18. Apparently it might be in making of 5 wave structure. If that's the case then 4 waves are completed and now heading down again for 5th wave. 5th wave of the daily structure is in also making of 5 wave but in that case 4th wave might completed now and now on it is going to complete...
EW analysis in daily, shows that wave (iv) seems to be over, and wave (v) started. Also price was in descending channel, then it broke out with good volume, that marked the completion of complex wave (iv) correction. here 1st tgt - 595, i.e wave (iii) peak, if wave (v) is getting extended, then we can see higher levels - 640(.5), 680(.618).
Hi, As i mentioned yesterday Nifty didn't touch 9018 level, Nifty fell into the range bound for another couple of days. As per Elliott wave count Nifty finish its 5 of 3rd wave and 4th wave would be Range bound. Target for this corrective wave is 8700 - 8692. Its very tight range we can enter BUY on those level to capture the final leg of this entire B wave i.e....