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Nifty - Elliot Waves - Another PossibilityWell, Nifty is at a place that there are so many possibilities :) This one is in line with the previous one, where I had mentioned that 5 up is pending and 25k can come. I saw a few stocks making an expanded ED and turning, which gave the idea that Nifty could also be doing that. So, here it goes - we go up in an E - 24800 is top of the expanded ED - we might even see a throw over to 25k - but unlikely) and then roll over. After that there will be 2 options: 1. Bullish Scenario - We are just doing a 1 and the retracement we get is 2 (23400 target). Once this retracement is over we head to all time high. 2. Bearish Scenario - This entire leg up was corrective and we head down breaking April's lows. In both cases we should get a decent short opportunity aroun 24800-25000. However, now we have a minor trade for long - I would usually trade this very light and mostly intraday. Will wait for the end of move for short trades. All the best!
NSE:NIFTYShort
by pankajarora232
Dow Jones Outlook: Bullish View Holds as AI Trend BuildsMay 10, 2025 – WaveNodes AI Insight The Dow Jones Industrial Average (DJI) remains in a bullish setup, with WaveNodes Pro Max AI confirming a Buy position from the Long Entry at 40992.73. However, the index is currently in a developing phase, trading near 41,245, below the AI Profit Takeaway level of 43,140.59. The AI metrics indicate a near-balanced scenario: AI Prob Green: 49.9% AI Prob Red: 50.1% (+0.2) Current State: Imbalanced AI Trap Alert: None Volume: Unavailable (likely a data feed issue) Volatility: Low but building at 100.33 PPB, compared to Good Volatility of 120.61 PPB The price has retested the AI Impact Zone four times, which is still developing. This repeated interaction with demand suggests strong underlying support. Targets Ahead: Target 1: 42194.42 – 42936.82 Target 2: 45340.20 – 46082.61 Target 3: 48485.99 – 49228.39 Conclusion: The bias remains bullish, supported by a solid demand base and long entry structure. But with AI balance still forming and low volatility, traders should exercise patience and look for confirmation via a break above AI Target 1 or fresh demand breakout before scaling in.
TVC:DJILong
by WaveNodes
BTC - Eyes on Correction, Consolidation, & Fresh BreakoutMay 10, 2025 – WaveNodes Desk Report BTC has surpassed AI Target 3, signaling strong bullish momentum. However, with the move now extended and the AI state showing imbalance, a phase of correction or consolidation is likely. Traders are advised to wait for a fresh breakout from new AI demand or supply zones before taking the next position. Price action is now in "Imbalanced" territory. With volatility high at 302.72 PPB, yet below the "Good Volatility" threshold of 314.69 PPB, traders are likely to face choppy conditions in the immediate term. The AI engine shows a razor-thin edge between bullish and bearish sentiment: AI Prob Green: 50.1% (+0.2) <-- Reducing now AI Prob Red: 49.9% This close probability split, along with no current AI Trap Alert, implies an environment ripe for consolidation or minor correction rather than aggressive continuation — unless a new breakout emerges from fresh AI-defined demand or supply zones. Key levels to watch: Next re-entry opportunities hinge on whether price can retest the Impact Range at 95601.70 – 95915.63, or break above fresh supply zones that form post-Target 3. Full hedge zone remains at 95776.93, serving as a critical downside invalidation area. In summary: BTC has met its upward targets, and with the AI engine entering a balanced state, traders should now await a new structural cue — either from demand absorption or supply rejection — before initiating fresh positions.
COINBASE:BTCUSD
by WaveNodes
Nifty - Elliot Wave - Alternate counts - Bullish ScenarioI called a top on May 2nd as the buying looked like a trap - which usually acts as a good end of a trend move. It worked out quite well, but we didn't get a selling momentum, that I expected. So, contemplating if we are still in 4th and there's another leg up pending, which should be: 1. Bearish scenario - C of X - Y down should take us to new lows 2. Bullish Scenario - 1 of 5 (weekly) - We should have a 2 and then head up in waves 3 and 5 to 27-30k. It's a tricky position to be in. Plan: Keep position light and let the 5th up complete. In both bullish and bearish scenarios, we'll get a good retracement from there - Min 23500 (in 2) and can go till 21500 - 20500 in Y. Ride the leg down and then take a call if it's bottoming out earlier or we are heading down? For the time being, I have booked all of my shorts and awaiting clarity. Cheers - All the best!
NSE:NIFTYLong
by pankajarora232
4
Nifty - Elliot Wave Analysis - Short Opportunity!We have had a good run-up from April lows. Today's buying seems like the last leg up which should end 5th up. Now there are two possibilities: 1. Bullish Scenario: Nifty has completed correction in April first week and we have done Wave 1 in an impulse of 5 waves up. In this case we should retrace 38-50% of the move from April lows. So, expect 500-1000 points in Wave 2. 2. Bearish Scenario: The entire move up from April lows was corrective and part of larger X. X is formed by ABC where C is 5 waves up - i.e. the move from April first week lows. If this is the case, then we head to new low in Y. 21500 or lower. In both cases this is the time to initiate shorts and ride at least 500 points the move down. All the best!
NSE:NIFTYShort
by pankajarora232
3
Gold: Buyer Trap Alert as Rally Stalls. 20-25% Correction LikelyGold’s explosive rally may be running into exhaustion, with WaveNodes Pro Max AI flashing a Buyer Trap Alert for the first time in weeks. The metal closed at $3,220.35, shedding nearly 2.89% in the latest weekly candle, hinting at potential distribution at elevated levels. Despite maintaining a "Buy" status with an imbalanced market condition, the system's AI probability metrics have shifted: AI Prob Red (%) surged to 55.5%, a gap of +11 points, overtaking the Green probability of 44.5%, signaling growing downside risk. Volatility remains elevated at 44.85 PPB, above the "good" threshold of 37.2, further emphasizing instability near the top. Three major upside targets had been mapped: Target 1: 2362.7 – 2430.7 (achieved) Target 2: 2767.4 – 2871.4 (achieved) Target 3: 3208.1 – 3312.1 (current zone) However, with price hovering just below Target 3 and retreating sharply from highs, the momentum appears to be fading. Technical Implication: A 20–25% correction from the recent high of ~$3,350 projects potential downside targets near $2,500–$2,600, aligning with key historical support zones and AI impact range levels. Strategic Outlook: While long-term bulls may remain optimistic, short- to medium-term caution is warranted. A buyer trap scenario is developing, suggesting institutional unloading could be in progress. Aggressive long positions should be avoided, and profit-booking or hedging may be prudent.
PEPPERSTONE:XAUUSDShort
by WaveNodes
5
TVS Motors - Elliot Wave Counts - Good RR Short!TVS completed 5 Wave rise from March 2022 till Sep 2024, which fromed a major Wave 3. I would have ideally wanted Wave 4 to correct at least 38.2%, which did not happen. Now that stock is almost at ATH, it offers a good opportunity to explore a short with previous high as SL. The entire zig zag move from Jan lows can just be an X and we get a Y down till at least 38.2% which is at 2025, a good 17% correction from today's price. All the best!
NSE:TVSMOTORShort
by pankajarora232
Bajaj Finance - Elliot Wave Counts - Major top done?Bajaj Finance has been in a sideways consolidation since Sep 2021, where it had completed a Major top from March 2009 lows (as per my counts). So, there are two Possibilities from here: P1. Major top -> sideways action -> Finall blow-out correction/ capitulation and then a start of next leg up. P2. Major top -> sideways consolidation for 4 years (till Jan 2025) -> Next leg up started P1: Reason could be re-rating of P/BV (which stands at 6.6), to industry avearge of around 4. Bajaj has been growing fast on account of unsercured lending. There could be bad assets building and the bubble can burst anytime, leading to the de-rating (P.S.: It has already de-rated from P/BV of 12.3 in Sep 2021 to 6.6 currently) Elliot Counts: The correction from Sep 21 to June 22 was a W. the entire upmove from June 22 till date has been an overlapping corrective move in an X. What is to follow is Y, which should ideally re-test W at 5300 (that's a 43% fall) P2: In this case we have completed the correction from Sep 21 till Jan 25 and started a new move up. The five wave completion is just the Wave 1, and what is to follow is Wave 2, which can correct 38% to 50% of Wave 1 (i.e. from Jan 25 lows till the highs). Expect min 8300 to come, which again is a more than 10% correction. Good thing is in both cases, we get a good enough correction to trade. All the best!
NSE:BAJFINANCEShort
by pankajarora232
Gold Elliot Wave Counts - Possibility 2 (Weekly 3rd done)There are two possibilities in Gold. Possibility 1 shared in another post (Targets of Possibility 1: 0.236: $2056, 0.382: $2781) As per Possibility 2 the spike move up was 5th of 3 and hence we have just completed a 3rd Wave in weekly time frame - ending the move from Oct 2023 lows. In this case also, we can expect 0.382: 2850, 0.5: 2650. Gold went up on account of multiple reasons, key of which being de-dollarization and buying by non US countries. However, my sense is that the spike in price was on account of trades from institutions, which will get unwound when price starts correcting and fuel the correction on the way down. The move in last 2 weeks was a typical parabolic move, which should mark the capitulation. Probable Risk: The last move from April lows was just 1 of 5. Hence keeping SL of current high is important. Breaking 3150 (0.618 of the move from April) should give us more confident that 5 is done.
CAPITALCOM:GOLDShort
by pankajarora232
Gold Elliot Wave Counts - Possibility 1 (Weekly 5th done)There are two possibilities in Gold. Sharing my favored possibility here. Will share possibility 2 in another post. Gold went up on account of multiple reasons, key of which being de-dollarization and buying by Non US countries. However, my sense is that the spike in price was on account of trades from institutions, which will get unwound when price starts correcting and fuel the correction on the way down. The move in last 2 weeks was a typical parabolic move, which should mark the capitulation. Hence, look for correction of entire leg up from Oct 22 bottom. Targets: 0.236: $2056, 0.382: $2781 Probable Risk: The last move from April lows was just 1 of 5. Hence keeping SL of current high is important. Breaking 3150 (0.618 of the move from April) should give us more confident that 5 is done.
CAPITALCOM:GOLDShort
by pankajarora232
Nifty Financial Services - EW Analysis - Good RR ShortNifty Financial Services showed resilience in the entire fall and led the way up in recovery as it had a 5 of 3 up (from March 23 lows) pending, which got done in Nifty and most other indices in Dec 2023. Now it has completed that 4 and should lead on the way down. Expecting at least a 14% correction in index till 23150 (38.2% retracement). Next target will be 22020 (50% retracement). My bet is on 50% retracement, as Bajaj Twins and HDFC Bank and ICICI Bank have completed a corrective bounce and should test/ break recent lows. Bajaj Twins have much larger correction possibility. Will share in other posts.
NSE:CNXFINANCEShort
by pankajarora232