E-wave
Channel Pattern Closed out for NIFTY?Pattern CLOSED ?
As per my Theory, 5th wave always give you fired move as seen past. You can also check perfection on BANKNIFTY too.
Tomorrow morning, I will update you what is going next?
If this is an excess of channel, then target is 11650 nearby and Resistance 11666.
--> Let me remind you.
On the date, Jul 12 2019 C hannel first d rawed by me.
Exactly NIFTY was moved to (4) and U-Turn has taken directly to control price.
Jul 15 2019, I pointed out (5) wave on this chart.
Finally, (5) wave was printied by me on the date of Jul 17 2019 and Taken Resistance.
Do you think t hat IS THE CORRECT visualtion?
BankNifty at support of channel while Nifty is -ve.
Banknifty also difficult to understand as wave movements.
Price is near the channel support.
Smaller positive new can boost banknifty to upward from the value low.
While nifty is weak and Banknifty is positive which indicate the direction is not clear and market waiting for news.
SHORT @ HIGH...BUY @ LOW....ENTRY AND EXITS IN CHARTENTRY ARE THERE ..ENTER AND BOOK PROFIT..
NSE:ADANIPORTS
IRB forming wolfe wave Bullish Pattern NSE:IRB is forming Wolfe wave Bullish pattern.
With Stop of 95 stock can be accumulated for target range around 145-150
Knowing election result is on the way. Stop Loss is must have.
Silver : Wolfe PatternSilver looks to have formed bullish Wolfe Pattern on daily chart. Breakout has already taken place. Silver should touch $15.65 by ETA of 13th May 2019 (converging point of wedge). Wave 1 took 11 days , wave 2 took 11 days, wave 3 is much shorter and took 4 days (aberration), Wave 4 took 10 days. If we go for symmetry then we won't find as Point 1 to 3 took 22 days but point 3 to point 5 took 14 days.
It is up to the analyst to consider it Wolfe or Bullish Wedge pattern. Stop loss of buy would be on close below low of Point 5 which is $ 14.70 (margin of safety).
Can we expect Triangle formation in Primary wave 4 Primary wave 4 could be in sideways correction where Wave B is in progress in triangle or Flat . Looks like move below 9500 hardly possible. Each wave expected to take 60 to 85 days cycle time.
Reliance update-Dogi formationReliance moved further some 15 points than our target and reversal expectation. In a daily chart we can see today a dogi was formed, safe traders will short only below 1220 and aggressive traders can go short near 1243 w/ minimal SL of 1247 for target 1194 and below. Thank you.
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.
HDFCBANK Elliot wave analysis for 04/01/2018HDFC bank may fall further to 2070 levels, It has just finished a second Impulsive (B) wave according to the Fibonacci and Elliot wave analysis, Thus Dragging down bank Nifty too with it.
Infosys - Elliot Wave PerspectiveInfosys looks bearish as it has completed the impulse waves, and looks to start the correction wave. Take confirmation at 613 level. If broken on weekly basis, can be taken as a positional short, or can be removed from portfolio for the next year and a half.
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We teach, and practice what we teach, kindly consult your advisor before taking any positions.
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
Bank nifty wave counting as similar to Nifty 50I haven't counted waves on nifty bank here because it is as similar as nifty 50 weekly chart. Please refer to the previous nifty 50 chart posted yesterday.
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.
BAJAJ FINANCE : HEAD & SHOULDER with WOLFE's WAVEBAJAJ FINANCE has beautifully formed a inverse Head and Shoulder pattern on hourly chart which is further supported by Wolfe Wave. If stock goes above its previous day's high then it may go up with good momentum.
SBI : WEEKLY CHART : WOLFE'S WAVELet's see that the NSE:SBIN can reach it's target (1-4 Line) or not.
eurusd ager upar ja raha hey to buy karn na or niche ja raha hey to sell karna
frome www.tradingbaby.com
Nifty Topping Out.The Nifty50 is at the long term resistance line which it has failed to broke ever since the great recession. It also looks to be in last leg of it's bullish wave and the bearish impulse could begin anytime.
Wolfe Wave - TCS Daily ChartHello Traders,
Price has formed a nice bearish wolfe wave on TCS daily chart. We can see a strong price rejection at 5 with some good volume. One can enter short at current level. 1780 would be our first target.
Good Luck!!!
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