Nifty 50 chart. IN this chart we clearly see that market is completed 4th wave .
Last wave is about to complete in some days after that we can see some Bearish move..
Hi traders, pl. refer to the above chart for knowing how Elliott Wave Correction Theory is currently forming up on DYDX. Some pointers-
* DYDX has stopped forming new lows rather forming equivalent lows which shows end of an impulse downside move.
* We see huge volume expansion showing the interest of people
* We see RSI bullish exaggerated divergence meaning the...
Ultratech Cement had stellar rally from 2900 to 8000+ looks to be heading max 8532 which is max possible upside for it as wave 5.
Then a corrective wave will start towards 6300 which is 0.382 fibonacci levels.
Notice MACD Negative Divergence price making higher high and MACD higher lows.
DISCLAIMER:There is no guarantee of profits nor exceptions from...
Intraday traders and short-term investors can buy nearby sub-wave 4 of wave (3). NSE Eicher motors are making waves ((5)). We may see the following targets soon: 3005 - 3146 - 3223 - 3292
Invalidation: Wave 4 can never Exceed the starting point of wave 1.
Sub-wave 4 can't touch sub-wave 1 of wave (3).
If you have any queries or concerns, don't hesitate to ask...
As you can see on chart we have completed wave (3)
After that we are in correction zone of wave (4), in which we are going from point A to Point B
Most like point B or wave B is near completion after that you will see a sideways move which i represent on chart as point C
This is the daliy chart of bank nifty
Currently we have finished (3) wave and playing in wave (4)
after this you will see an another movement till failure of that wave
If the level of 10800 was a wave 4 , then nifty should not cross the level of 13800. As per the elliottwave principle wave 3 cannot not be the shortest among wave 1, wave 3 and wave 5. One should start shorting nifty near that zone keeping sl of 13900
DOWNTREND is started,it will make three waves, 2 waves up & medial wave down as a correction !
Then it has chances to follow the down trend!
This analysis is for EDUCATIONAL & INTELLIGENCE pourpose,trade at your own risk!
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an...
