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Eliottwwave

What’s happening in Page Industries (PAGEIND) September 4, 2024 PAGEIND was in downtrend since October 2022. It seems to have completed a double correction by March 2024. After the correction, the price has been in uptrend. Evaluating the uptrend from March 2024 to September 2024 shows an impulse character. However, the impulse could not cross the 50% Fib retraction. Right now, the stock has completed the impulse and seems to be in correction. It has completed the A and B waves, and is now in C wave of correction. After the correction is over, the stock should move upward. However, on the monthly chart, at 50% Fib level, we can see KS of Ichimoku acting as resistance. For an upside move, the price has to close above the 50% Fib level and KS resistance. After crossing these hurdles, there is a higher probability of the stock moving upward. At present, we need to wait for the stock to close above the 50% Fib level and KS resistance to form a positive outlook and expect an uptrend. Share the name of the stock you're interested in, and we'll be more than happy to conduct a thorough analysis for you. Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:PAGEIND
by WaveMoku
IGL - Sharp Corrective wave = wave - Long side Setup.As many of you know, I spend much of my spare time analyzing markets. Yes, analysis is my day job, but it is also my passion. So, whenever the weekend comes around, I spend most of my time in front of the computer to study price charts. Month Line-Chart Using Line-Chart for identifying long-term trends. The primary trend is up. A price middle of the parallel channel and is falling downside. Your long side trade will be referred to as the main or primary trade setup. Month Bar-Chart The support at or near the lower boundary line at the parallel price channel. Sometimes, the middle line would work as support also. This is essentially what I work with support at the bottom line or middle line. A price is near the middle line or a little below it. A trend is a downside in the range of parallel channels. Important Numbers - Month Chart A Significant Flip range - 345 to 364 for counter-trade. Month price chart - Elliott Wave Analysis . As you can see in the price chart, I labeled using Elliott wave principles and recognized that a price is trading in the corrective mode. More importantly, the wave ((ii)) is exactly 61.8% multiple & wave ((iii)) is just beyond the 3.618 extended ratio but wave ((iv)) is deeper at 78.6% which is not a common or expected ratio on log scale. A wave ((v)) is extended wave. 2 Days price chart - Ending Diagonal: Therese important support for pull-back - 366-64/351 & 284. A sharp correction has been occur after Ending Diagonal is terminated. The Ending Diagonal is terminating wave pattern. In real-time trading, I'll create trade-setups utilizing above supports. For instance, I ll look for pullback entry in price range from 351 to 364 long side but during the trading hours i always focus on price action to take action. Let's check whole Ending Diagonal and its characteristic before moving forward. The aspect of the Ending diagonal is not many people familiar with Is it a timing component. Ending diagonal terminates the resolution of the pattern is occurs within 1/3 to 1/2 the time it takes the pattern to form. What does that really mean? In this price, you can see ending Diagonal begin to end time was 365 bar and I expected whole move complete in time 1/3 (at 121 bars) OR 1/5 (at 272 bars) period of time. This is very informative and time sensitive method you look up on ending diagonal. I am also trading and looking 15min time-frame when i take entry.
NSE:IGLLong
by Trade-Technique
13
IFB Industries 5th wave Long near 1070-1100 SL 970 target 1700+ DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:IFBINDLong
by Niftydirection
2