I am learning and trying to understand Elliot Waves. First time trying to draw waves please comment and guide me with analysis.
strong multibagger formation ⚠️only for risky players⚠️ ⚠️only for risky players⚠️ cmp 133 You can set your sl @110 range I dont know about funda.plz study before taking an entry.
Old Ways Leading to New Destinations ( New Results) - In this short video, we discussed old methods which could provide new results / new destinations. These Old ways / methods discussed are Channel / Trendline Chart Pattern - Head & Shoulder Correction ...
We can see the stock price starting to fall after the completion of the 5th Elliot wave. The downside target is 8250. The correction wave may take the ABC pattern.
Multiple signals to go short in this script. 1. The share price is near the resistance trendline. You can appreciate it in the daily time frame chart. 2. Elliot impulse waves (5 waves) completed. So, we can expect the correction waves to take action now. 3. RSI divergence can be noted. I'm expecting a correction of at least 10% this February. Target 1240.
Elliot trades. The impulse waves had started from April 2021, had reached almost the end of wave 5. I would wait to invest at this time. 140 to 150 should be a good price to invest in ONGC. Wave 5 again follows the Elliot 5 wave pattern. I'm expecting the share price to correct to at least 160 this February.
14500 soon ...................................................................................................................
A correction phase has begun. RSI falling. If it breaches 762 level, can give a good buying opportunity around 709-715 levels. A downward megaphone pattern, if continued, can be the cause of a steep fall.
Nifty Targets for short CMP 18250 17900- 17650- 17400- 17200- 17000- 16800- 16500- 16200- 15900- 15600-15250- 14800+ time duration 8-12 months sl above 18600 above 18600 candle closing basis
Don't you think the stock price had rallied too much? Expecting at least 800 points fall in this script.
The top is getting heavy for both nifty and bank nifty. US inflation data, Indian inflation data, TCS, Infosys, Wipro results. Too hot to handle. Vix above 17. Technically 5th wave of Elliot getting completed. Can short nifty with a stop loss of 18400. (Risk reward 1: 3.5) Targets mentioned are for the next few weeks. Profit booking in IT and banking stocks...
Usdjpy is currently breaking out of rising wedge with in an ascending channel wach out break and further pullback to capialize on move to downside
In this December month, we were blessed with five expiry dates. I would say that the last three expiry dates are like a roller coaster ride, highly volatile. We are entering our 4th week now, and it is a technically correction mode. Technically, a 10% drop from the recent high is referred to as a correction. Look at Nifty50 on Monday. It opened with a huge gap...
One thing to keep in mind is the difference between a crash and a correction. After a correction, the price always rises. It's important not to confuse every correction with a crash. It all about making money out of it. STOCK MARKET DROP DOWN-5% PULL BACK DOWN-10% CORRECTION DOWN-20% BEAR MAKET DOWN-50% CRASH
I wouldn't be surprised if it corrects more 1000 points from hereon! Though the correction will create many buying opportunities.
As you can see in the chart, there is a strong resistance at the level of 572, . Stock has given the breakout two day back after the BREAKOUT stock took some correction. . So if Monday stock goes above 582, we can buy this trade Target will be 590-595. . I tried to mention each & everything on chart, still you have any quary you can comment in the comment...
It is observed over the historical data of nifty, if it makes a new high and corrects by 20% it reverses towards a breakout with previous 52 week high and creating a new high in over 12-18 Months. The rally is already at its peak of 18 Months. What are your views on this theory. Do you think the rally would continue or the correction would pull the markets further down?
Market right now is in correction mode because of negative news hwoever for longer time horizion market is set to perform bullishly