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Elliiotwave

Nifty.. Bounceback tomorrow...Elliot wave analysis. The impulse waves are completed on the downside. Waves 1 and 5 were equal in length, and wave 3 ran 1.68 times wave 1. Today we saw corrective wave B, approximately 0.78 times wave A in nifty, 0.618 times in Finnifty, and 0.5 times in bank nifty. All these waves correlate well with Fibonacci levels. A decent C wave correction can retrace between 0.38 to 0.618 length of the impulse wave. Expecting a gap-up opening and 17600 as the first target and 17700 as a second target in Nifty.
NSE:NIFTYLong
by Stock-Holmes
2
Nifty wave 4 correction to startNifty looks be in deep correction currently in 4th wave which should be flat, triangle or complex correction towards 0.382 fibonacci levels. 5th wave to start after this correction. Alternative DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of your financial advisors before investing/trading. Not recommended to take FnO positions based on this analysis I may or may not trade this analysis. Details in description.
NSE:NIFTY
by Niftydirection
Shyam Metalics out of Falling channelShyam Metalics and Energy seems to have completed ABC zig zag correction at 300 and came out of channel. Channel breakout confirmed after it crossed 338 and while coming out formed rising wedge pattern or leading diagonal pattern. Leading diagonal are found at start of new trend. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of your financial advisors before investing/trading. Not recommended to take FnO positions based on this analysis I may or may not trade this analysis. Details in description.
NSE:SHYAMMETLLong
by Niftydirection
Nifty In flat correction Wave B about to complete. Wave B is complex correction which retraced more than 0.618 fibonacci level of wave A. Wave B can strech upto 16695 which is 0.382 fibonacci. Stop loss of this analysis will be 16703 just a point above all time high. Downside C wave targets would be 16400 or 0.382 fibonacci level retracement 16250. 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:NIFTYShort
by Niftydirection
2
Nifty upmove expected beyond 16700Nifty 15 min chart looks wave iii completed today for upmove started from 16162. Wave iv is expected to end between 16505 which is 0.236 fibonacci retracement or 16453 0.382. Consider 0.382 fibonacci retracement wave V target will be 16716 if reversal takes place from 16505 the target will be 16770. 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:NIFTY
by Niftydirection
Banknifty projection for next 2-3 sessionBanknifty looks to have completed Wave "a" 5 wave structure and currently in wave "b" which double zig zag correction towards 0.618 fibonacci level. Short can be initiated if opens below 35533 for target 34400-300 with SL 35623 From zones near 0.618 fibonacci level 34400-300 expected to take support and bounce up as wave "c" for any of 3 targets 35000-300-450 Just for study purpose only and should not be interpreted as a proposition to buy or sell in any securities. Investment are subject to market risk. This analysis can go wrong as well so trade at your own risk. Won't be responsible for any loss.
NSE:BANKNIFTY
by Golden_Ratio_x_618
Nifty Complex Tripple Three Correction towards 13900Nifty in Final Z wave of complex tripple three correction. While coming down it is always making abc corrections then they are getting converted into double or tripple three correction internally in this triangle like structure. The last wave Z itself is complex, currently can be said to be in double three correction with a and b done. c of y can turn to ending diagonal pattern or if breaks parallel structure can form tripple three complex correction again in Z wave Anyhow target of Z can be expected to be equal or bit more than Y. 100% fibonacci extenstion of Y comes aroung 13900 Current trend is down will post chart for upside once this complex correction ends DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:NIFTYShort
by Niftydirection
2
SAIL Ending diagonal in 5th waveLong 75 stop loss 67 targer 92-112 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:SAILLong
by Niftydirection
#reliance -well played, now let bears enjoy the gameReliance we had captured many points on all side- bullish, bearish and range. All links to the previous idea below. Watch all the ideas and see all the sides we captured some moves. Price action is the kind. We don't need patterns, trendlines, indicators, moving average, or volume. Use it just as a support. I do the same and see the results. Now if sustains below 2083 will push further down towards 2020/1945/1868. I am expecting further down till 1750/1600/1450 as well, but for now above targets are suffice. Regards
NSE:RELIANCE
by yogi_sharma_elliottician
15