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Elliottwaveanalyis

#Banknifty directions and levels for July 15th.> Bank Nifty has a range-bound sentiment. If the initial market takes a pullback, we can expect a range between the previous day's low and 52666. In this case, the rally will continue only if it breaks the level of 52666. > Alternatively, if the gap-up doesn't sustain, the same range-bound market may occur. If the initial market declines, it may continue the range between the previous day's high and 52090 or 78%. Here, the correction will continue only if it breaks the 78% Fibonacci level.
NSE:BANKNIFTY
by Manickamtraders
ULTRACEMCO - ELLIOT WAVE 5 IN MAKINGHi All, This idea is about Ultratech Cement Mkt Cap - 3L Cr ROE - 12% ROCE 15.3% P/BV - 5.56 MktCap/Sales - 4.7 FCF - 2k Cr Technicals Price action being published is on a 1 hour TF. As can be seen by the pattern, Elliot waves are in motion. Wave 1 was an impulsive wave followed by Correction wave (Wave 2). Ideally Wave 2 should correct to 50-60% as per Elliot theory & that is what happened during Wave 2 formation. Wave 4 corrected again by 30% and point 4 above point 1 which all points to the validation of Elliot theory. Wave 5 is about to commence which is as per the theory strongest impulse wave. Cement Sector as a whole is doing well due to boost in infra sector. Happy Trading, Thanks, Stock-n-Shine
NSE:ULTRACEMCOLong
by Stock-n-Shine
#Nifty directions and levels for July 12th.Good morning, friends! 🌺🍬 Here are the directions for July 12th: There are no significant changes in the global markets, which are still showing a moderately bullish trend. Our local market is also showing a moderately bullish trend. Today, the market may open with a gap-up start, as indicated by GiftNifty, which shows an increase of 60 points. Yesterday, there was significant movement in Nifty. What about next? As per the pullback, the market may go further up with minor consolidation. GiftNifty also indicates that. If the market opens with a gap-up, we can expect minor rejection around the immediate resistance level. If this happens, it may retrace up to 23 to 38%. After that, if the market finds support at the 38% level, it may continue the rally with minor consolidation. This is our basic structure. In this case, we have to discuss something simple and not too complicated: > 1st one, There is no need to reject around the immediate resistance level. If it happens, we can expect a minor retracement. that menas If the market consolidates or breaks it with a solid candle structure, the rally will likely continue further(around the immediate resistance). > 2nd one, Is there any correction possible? Yes, correction is also possible. If the retracement breaks the 38% Fib level, it may continue to range. > This sentiment is also applicable for an initial market decline. This means that if the gap-up doesn't sustain or if the market declines sharply initially, we can follow the same sentiment.
NSE:NIFTY
by Manickamtraders
4
Is IEX ready for a 100% upmove? Charts says YESIs Indian Energy Exchange (IEX) all set to fire up? We are expecting big targets based on the following key technical points: Great Correction (Fib): The price underwent a deep correction of more than 61.8%, almost reaching the 0.786 Fibonacci retracement level from the top. Price Action Structure Change: The price has changed structure since it broke the previous high on the monthly time frame and sustained weekly candle. Ichimoku Confirmation: There is a strong TS & KS breakout, and it looks poised to break the cloud as well. A strong base has been created, and a breakout has occurred. Fib Channel + Fib Extension: The price respected the channel bottom and reversed strongly. Based on the channel targets, there is a high chance of hitting 360+ in the coming months. Wave Analysis and Targets: The stock is in either Wave C or Wave 3. The minimum targets for Wave C are 287 (61.8%) and 394 (100%). Any move beyond this is a bonus. Use Ichimoku (Daily Time Frame) for Higher Profits: Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:IEXLong
by WaveMoku
Completion of WXYXZ or NOT?NSE:TARSONS Tarsons product LTD is proxy player to healthcare industry. Tarsons is a manufacturer of scientific and laboratory plastic ware and safety products. Stock went into Triple Three complex correction just after IPO and I think that stock completed it's course of complex correction and now ready to move up but for more safety one should invest above 524/- as you can see stock gave breakout above bearish trend line and right now it's retesting the trend line to see if price sustain the support or not if trendline give support stock will surely make Higher High above 524/-. Target is 30% above from Entry Point.
NSE:TARSONSLong
by swaaapnil
2
TAQA (The Abu Dhabi National Energy Company)ADX:TAQA Probability No.2 A clear impulse wave forming in TAQA. In parallel line extended wave 3 is forming. But I think in extended wave there are also more 5 sub-waves. Meaning double extended wave in wave 3. But it's only possible if wave ➂ is larger than wave ➀. It's complex to understand. Wave 3 is normally extended one. Meaning wave 3 have also 5 sub-waves. here in these already extended one 5 sub-wave 3rd waves can also be again extended one if new wave goes above red highlighted price range.
ADX:TAQALong
by swaaapnil
Saudi Basic Industries Corp. can break multi year consolidation TADAWUL:2010 Saudi Basic Industries Corp. can break multiyear consolidation but there are two alternatives this is one possibility which I have shown in charts. In both possibilities SABIC should have to go below 59.5 in spot market to end multiyear consolidated bear trend. Then I think SABIC will be in bull trend. Entry: - 1) If Stock goes below 59.5 then wait and let stock rebound and if stock goes above 85 then start Buying for long term. Target: - 1) If stock goes above ① which is all time high at 252.2 then target will be 399.4. Which is 1.618 reverse retracement of wave ①. 2) 2.618 Reverse retracement of wave ① which is 637.6
TADAWUL:2010
by swaaapnil
impulse wave in HINDUSTAN PETRO. Alternative wave.Elliott Wave Analysis:- Both correction and impulse wave we are expecting a correction. once correction get ended an impulse take place. View 1:- There is also expected an impulse wave i) completed and a correction wave ii) was almost over if raise start then impulse wave iii) is expected to move on. View2:- Correction wave was still pending and a low was expected. once the low was completed then the impulse wave of v wave was expected . I'm not a SEBI registered advisor. Kindly consult your financial advisor.
NSE:HINDPETRO
by n0m0ret0ss
BankNifty-The Magical Playground of WaveTalks: 109 SessionHey little explorers! Gather around because it's time to continue our fun adventure story with WaveTalks. You remember our big playground where numbers play like kids, right? Let's see what exciting things are happening there now! Chapter 1: The Big Bounce Do you remember the magical bounce we saw on July 30th? The numbers played on the swings, going up and down. They climbed so high, almost reaching the sky, but then they swooshed down really fast, just like going down a giant slide! - bounce of 200 points & reaching the 1st target at 45790’s - actual high was 45782 - Wow!!! - What a fall, Resistance of 109 session moving average. Later Fall of 2000+ points close to our target of 43345 - Actual low was approx 43600 Chapter 2: Trampoline Fun In August, our numbers found a magical trampoline where they bounced happily, going "boing, boing, boing" between two special numbers: 43940 and 44000. It was so much fun watching them bounce up and down! ( Taking support of 109 session moving average - What A mysterious X-wave bounce for 500+ points) Chapter 3: X-Wave's Secret As we moved to the end of August, we met a friendly wave called X-Wave. It whispered a secret to us: "If the numbers stay above a special spot, they can jump up even higher!" And guess what? On the first day of September, the numbers did just that, they jumped up like they were on a bouncy castle, making everyone cheer with joy! ( finally bouncing above 43900-44000- same old zone support of mysterious X-wave & 500+ points bounce repeated again) Chapter 4: The Magic of 109 session Moving Average Now, here's where the magic happens, friends! There's a magical number - 109. It's like a magic wand that helps us understand where the numbers might go next. Right now, the numbers are playing in a special area between 44300 and 44450, and guess what, it's been 109 session, since they started playing here! ( could act as support zone once again like how it provided support to Mysterious X-wave ) Intraday Moves If they continue to play nicely in this area, they might climb up a tall ladder to a new fun spot at 44650. And if they are really happy there, they might even climb a little higher to 44750, where they can see the whole playground from above! What Happens Next? Well, little adventurers, now we wait and watch. If the numbers play happily at 44750, they might go even higher, just like flying with balloons. But remember, sometimes they might also come down to try a new slide or swing. That's the fun part, we never really know, but we can always guess and have fun watching them play. Best Wishes from WaveTalks So, are you riding these waves with us? At WaveTalks, we say, "Can you hear it?" Disclaimer: Trading in Financial markets is risky, and one could lose part or all of their invested capital. Always trade based on the advice of your financial consultant.
NSE:BANKNIFTYLong
by WaveTalks
2
BankNifty: The Journey Continues Post Mysterious X-Wave (Buy) Having journeyed with us through the enigma that was the Mysterious X-Wave, you'd be keen to know, "What's next on the horizon for BankNifty?" Having witnessed the roller-coaster oscillations between 43940 and 44779, and having dived deep into the "Magic of Centre Line Reversal," here we present the way forward. Reassessing the Ground As you've seen, the significance of the 44000 mark can't be stressed enough. It stands as not only a psychological barrier but also a critical structural support. At the time of penning this update, BankNifty is maintaining its grace above this level at 44065, showcasing its resilience amidst market volatilities. The Immediate Roadmap The zone between 43900 - 44000 is paramount. A strong foothold here can act as the springboard for the index. ( Avoid Trades Below 43900 ) 1. Initial Target: If the index continues its momentum and remains adamantly above 44000, our immediate upside target stands at 44178. A decisive push past this can pave the way for higher peaks. 2. The Big Play: Should BankNifty rise and hold firm between 44180 - 44200, this would be the cue for bullish sentiment. In such a scenario, we are looking at an optimistic run towards 44400 and potentially even further. To Sum It Up The next phase of this thrilling journey hinges on these crucial levels. As always, it's imperative to have a tactical approach. Ensure your strategy is tight, stops are in place, and you're ready to pivot based on the index's behavior. Remember These levels and strategies are a mere guideline. The dynamic nature of financial markets can sometimes be unpredictable. Always ensure to consult with your financial advisor and make informed decisions. Disclaimer Trading in Financial markets is speculative and involves substantial risks, including the risk of loss. Always trade based on the insights and advice from trusted professionals. Stay Tuned, Ride the Waves, and as always, Listen Closely. Can you hear it? Warm Regards, WaveTalks
NSE:BANKNIFTYLong
by WaveTalks
6
An Analysis in Harmony Top-Down Approach chart studyHello Friends, Today, we have something special in store as we take a top-down approach to analyze a specific stock - Tata Communications in the world of trading. By employing this multi-time frame method, we'll be diving into various charts, starting from the big picture down to smaller timeframes. Before we begin, please remember that trading carries risks, and past performance does not guarantee future results. The analysis we're about to discuss is for educational purposes only and not financial advice. Alright, let's kick off our analysis with the big picture - the monthly chart of Tata Communications. Here, we've identified an exciting Elliott wave count - the third wave of the fifth wave. According to Elliott wave theory, markets move in a series of five waves in the direction of the main trend, followed by three waves in a corrective direction. The third wave is well known for its strength and often the longest in a trending market. So, on the monthly chart of Tata Communications, we're witnessing this powerful third wave within the fifth wave, indicating potential significant moves ahead for the stock. Next, we'll move down to the weekly chart to gain more insights. On this timeframe, we observed a thrilling development - the "inverted head and shoulders" pattern. This pattern aligns perfectly with the larger Elliott wave count on the monthly chart, supporting the idea of a trend reversal and a potential new uptrend for Tata Communications. Finally, we'll zoom in even closer to the daily chart. Here, we have another intriguing pattern - a "flag and pole" pattern in the forming stage. This daily pattern further reinforces the notion of an upcoming bullish move for Tata Communications, in line with both the weekly inverted head and shoulders breakout and the monthly Elliott wave count. On daily time frame Flag and pole chart patterns, flag in formation and still breakout is pending By utilizing the top-down approach, we've gained a comprehensive understanding of Tata Communications' potential direction. The monthly Elliott wave count provided us with the big picture, the weekly inverted head and shoulders confirmed the trend reversal, and the daily flag and pole pattern hinted at a continuation of the upward movement for the stock. But remember, trading involves risks, and there are no guarantees. So, it's essential to approach it with caution and use risk management strategies to protect your capital. In conclusion, we've taken a top-down approach to analyze Tata Communications, considering the monthly Elliott wave count, the weekly inverted head and shoulders breakout, and the daily flag and pole pattern in the forming stage. Keep a close eye on these patterns and the stock's price action, and remember to trade wisely and make well-informed decisions. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Thank you for joining us on this exciting trading journey ! Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:TATACOMMEducation
by RK_Chaarts
23
IS BRITANNIA THE HOTTEST INVESTMENT OF 2023?In the previous idea, we initiated a short position in NSE BRITANNIA to trade wave C of wave (4). Price reached all the given targets. - NSE Britannia – The Last Move of Correction Timeframe: Daily NSE BRITANNIA has accomplished wave C of wave (4) and started rising for an impulsive wave (5). This corrective wave (4) has a 38.2% retracement, one of the most common retracements. According to the Elliott wave principle, the impulsive cycle can only confirm after the breakout of the previous corrective wave. Price has broken out the correction channel, but wave B must break for the 5th wave to form. If the price breaks out wave B at 4407, traders can trade for the following targets: 4456 – 4500 – 4558 +. However, failure will continue its corrective formation and lead to a new low. In case of failure, we will change our position with selling targets.
NSE:BRITANNIALong
by forextidings
8