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Wave watch: Mahindra & Mahindra ltd. Technical Analysis.Mahindra and Mahindra Limited Stock Analysis using Elliott Waves Today, we're analyzing Mahendra and Mahendra Limited's stock using Elliott Waves. In the larger time frame, we've completed waves one, two, three, and four. Currently, we're possibly in the red fifth wave. Within the 5th wave, we have sub-divisions: black ((i)), ((ii)), ((iii)), ((iv)), and ((v)). Our analysis suggests: - Black ((i)), ((ii)), and ((iii)) are complete - Black ((iv))’s (a) and (b) are completed and now wave (c) is almost near to complete. Once (c) is complete, that means black wave ((iv)) will end. Generally, wave ((iv)) doesn't cross 50% of wave ((iii))’s length. In 90% of cases, wave ((iv)) doesn't retrace beyond this level. As black wave ((iv)) concludes, wave ((v)) will likely begin, forming a new high. Important Notes: - This analysis is for educational purposes only, not trading advice. - Elliott Waves involve multiple possibilities; this analysis focuses on one potential scenario. - Trading or investing solely based on this study involves risk. - This content is not advisory and doesn't guarantee profits. Remember: Elliott Wave analysis is a complex tool that requires practice and experience. It's essential to approach it with caution and always consider the potential risks involved in trading. 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. 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/u/RK_Charts/ 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:M_MLong
by RK_Chaarts
Navigating the Waves of Automotive ExcellenceLumax Auto Technologies Ltd.: Navigating the Waves of Automotive Excellence Let's dive into the world of Lumax Auto Technologies Ltd., a stalwart in the realm of automotive components. About Lumax Auto Technologies: Lumax Auto Technologies Limited, a proud member of the Lumax-DK Jain Group, stands as a market leader in crafting automotive components. With over four decades of experience, Lumax Auto Technologies has been a reliable supplier for both Original Equipment Manufacturers (OEMs) and the Aftermarket segment. Elliott Wave Analysis: Now, let's bring in the insights from the Elliott wave perspective: The stock has been on a journey, going through different waves like 1, 2, 3, and 4. Now, it looks like we might be entering wave 5, which is a bigger move. Within wave 5, we've likely finished the first part, and now we're waiting for the second part. Think of Elliott waves like a cycle, showing how the market's mood goes up and down. Wave 5 is interesting because it often marks the last big move in a trend, causing prices to make significant changes. Opportunity Beckons As the waves unfold, the anticipated wave 2 might offer strategic dips, presenting an opportunity to go long. Caution is maintained with an invalidation level set at 332.(Stop-Loss) The journey towards the north could potentially reveal targets reaching 470 and beyond. Of course, in the dynamic world of finance, fingers are crossed for a prosperous journey. Rising Stock Chart Lumax Auto Technologies Ltd. stands at the intersection of experience and innovation, riding the waves of automotive excellence. 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. 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:LUMAXTECHLong
by RK_Chaarts
5
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
EWT - Gail is Going To Break 2021's High Gail India has completed its 4th corrective wave, where wave C is the last leg of correction. Price took 27 weeks to complete the corrective wave ((4)). After completing the wave ((4)), the price has broken the sub-wave iv and signaled a rally. It also has entered into the corrective channel, and this rally can make a new higher high . The traders can expect the following targets 149-156-170+ for impulsive wave ((5)). Invalidation point is low of wave ((4)) at 125.20. Wave Formations: Wave ((1)) started to form an extreme low at 65. - Leading diagonal Wave ((2)) has retraced 0.618% of wave ((1)). - Zigzag correction Wave ((3)) has extended 2.618% of wave ((1)). - Five wave impulse Wave ((4)) has retraced 0.5% of wave ((3)) - Extended wave 5
NSE:GAIL
by forextidings
7
Elliott wave projection: JSW Steel Trend AnalysisJSW Energy has been forming a downward channel for 22 weeks, and Elliott's projection illustrates the formation of a corrective structure. Traders can short for the following targets: 289- 278 - 262 The corrective pattern started unfolding after a high of 408. Let's discuss wave formations and the Fibonacci relationship of correction. Wave ((A)) is an impulse pattern and retraced 78.6% of wave 5. Wave ((B)) is a double zigzag and retraced 61.8% of wave ((A)). Wave ((C)) is unfolding its pattern, and it has broken down the descending channel of wave ((B)), which indicates that wave impulsive wave has started.
NSE:JSWENERGY
by forextidings
2
Part [A] Basic of Wave Principle Elliott Wave background In the 1930s, R.N Elliott identified the price of the stock trends and reversed a specific pattern. This pattern is repetitive in form and, the patterns have predictive value. He decided to use this pattern (Elliott wave theory) to predict the market. The Elliott wave is not primarily a trading system. It is a detailed description of how the market acts. The Elliott wave is part of technical analysis. Also, the Wave principle is the reassembled form of dow theory. -Elliott Wave Principle The key To Market Behavior] Waves in the market? We all know that price never moves in a straight line. It will neither fall in a straight line nor rise in a straight line. Price will create highs and lows. And this high and low creates waves. Elliott wave theory is all about counting waves and, we are going to use the Elliott wave to trade the market. Now, the concept of waves is acceptable for you. Elliott wave theory is made of 5+3= 8 waves. Let me show you that structure in both trends. In bull market ( UP Trend ) : Figure 1.1 This is the Elliott wave structure in an uptrend. As we discussed, Elliott's wave theory is made up of 5+3=8 waves. Where five waves move with the trend and three waves move against the trend. In Bear market (downTrend) : Figure 1.2 This is an example of Elliott wave theory in the Bear market. We can see that five waves move with the trend and, three waves move against the trend. Take a deep breath, I know you have lots of doubts in your mind. Let me solve some. 1. Elliott wave theory works in any time frame. 2. These 5+3=8 waves will give us a market edge. It will provide strong trends & trend reversals. 3. The accuracy of Elliott wave theory is 84% of you are using the wave principle correctly. Practical Example of Elliott wave theory : In the Bull market : Figure 1.3 This is the TATA MOTORS 4 hour timeframe chart. I used bar charts because It is easy to recognize Elliott's waves in bar Patterns. Well, it works for me to recognize if you feel that you can recognize patterns in another chart, go ahead with bar charts! In Bear Market: Figure 1.4 : This is the ITC daily time frame chart. It shows the beautiful Elliott wave structure in the Bear market. Elliott wave structure : Now, we all know that Elliott is made of a 5+3= 8 wave structure. So, Let's start getting into it! To understand the wave principle, we have divided the wave structure (5+3=8) into two Phases which are an Impulse phase/structure & a corrective phase/structure. Figure 1.5 This picture illustrates Two phases of the Elliott wave principle. The impulse phase is made up of 5 waves and, the corrective phase is made up of 3 waves. Figure 1.6: This picture divides the wave principle into two phases. 1. Impulse phase/structure ( which includes five waves and, which moves with the trend you can see in bull market impulse phase is going upward and in a bear market, impulse phase is going down which is directional move.) & 2. Corrective Phase/structure ( which includes three waves and which moves against the trend, you can see that in bull market corrective phase is going downward and In bear markets, the corrective phase is going upward, which is a counter-trend move. Figure 1.7 , Elliott wave has 2 phases. motive/Impulse phase ( directional move ) and corrective phase(counter trend move). We can divide these 2 phases into two types of waves. Impulsive waves and corrective waves. Let’s zoom in on the impulse phase to understand the underlying structure and wave behavior. Motive/Impulse Phase : Important things about the impulse phase 1). Motive/Impulse phase is a Five wave structure that includes wave1,2,3,4 & 5. 2). motive/Impulse phase is a directional move ( moves with the trend.) 3). The Ending point of the impulse phase is the starting point of the corrective phase. 4). motive/Impulse structure is powerful than corrective structure. 5) Impulse phase can divide into two types of waves i) Impulse waves: 1, 3,5 ( move with Trend of impulse Phase ) ii) Corrective waves: 2,4 ( Moves against the trend of Impulsive Phase) Let me give you a quick understanding because we are going to cover these waves in-depth, Impulsive waves are trend-following moves. We can find this type of wave structure in both phases. Impulsive waves create trends.Impulsive waves are (1,3,5,A,C) Corrective waves are counter-Trend moves. We can find this type of wave structure in both phases. Corrective waves provide pause to continue the trend, Corrective waves : (2,4,B) Motive/Impulse Phase in Bull market Figure 1.8(A) , wave 1,3,5 is an impulsive wave of impulse phase because The trend of impulse phase up and, Impulsive wave are following the trend and heaving upward move. And wave 2,4 is the corrective wave of an impulse phase because the trend of the impulse phase is up but, the corrective wave is moving down, which is against the trend. Motive/Impulse Phase in Bear Market : Figure 1.8(B), wave 1,3,5 is an impulsive wave of impulse phase because the trend of Motive/impulse phase down and Impulsive wave are following trend and heaving downward move. And Wave 2,4 is the corrective wave of an impulse phase because the trend of the Impulse phase is down but, the corrective wave is moving upward, which is against the trend. Corrective Phase/structure : Important things about the impulse phase 1). The Corrective Phase is a three-wave structure that includes waves A, B, C. 2). The corrective phase is a counter-trend move ( moves against the trend.) 3). The Ending point of the corrective phase is the starting point of the Impulse phase. 4) correction phase can divide into two types of waves i) Impulse waves: A, C ( move with Trend of correction Phase ) ii) corrective waves: B ( moves against Trend of correction Phase ) Corrective Phase in a bull market: Figure 1.9(A ): wave A, C is the impulsive wave of the Correction phase because the trend of the correction phase is down and Impulsive waves are following the trend and heaving downward move. And Wave B is the corrective wave of a Correction phase because the trend of the Corrective Phase is down but, the corrective wave is moving upward which is against the trend. Correction phase in Bear Market : Figure 1.9(B) : wave A, C is the impulsive wave of the Correction phase because the trend of correction phase Up and Impulsive waves are following the trend and heaving Upward move. And Wave B is the corrective wave of a Correction phase because the trend of the Corrective Phase is Up but, the corrective wave is moving down, which is against the trend. [ Note : here, the correction phase moves against the trend. That's why the market has a Downtrend but, the correction phase is in an uptrend.] Impulsive wave structure : 1. Impulsive waves are directional moves that are bigger than corrective waves. 2. Impulsive waves create trends. 3. Impulsive waves are subdivided into five waves. ( that means wave 1,3,5, A, C which moves with the trend will have five sub-waves.) 4. Impulsive waves are easy to recognize. (Impulsive waves can also be called motive waves) 5. Ride of impulsive wave can give us a high probability trade setup with high Rewards We are going to cover impulsive wave formations in the next part. (diagonals,extensions,Impulse,Truncation) Figure 1.10: As we discussed, Impulsive waves subdivide into five waves. Here wave 1,3,5, A, C has five subwaves which you can see in the chart.
NSE:ITCEducation
by forextidings
89
"DUKH BHARE DIN" is nearing to End for Nifty ??As projected earlier, nifty already touched the sub 16600 level ( precisely 16410). as per present trend , It seems that wave z of WXYXZ correction is under progress and presently sub wave iv of Z is progressing. This sub-wave iv should terminate at around 17013 and sub-wave v would take nifty again towards 17500 level or below depending upon momentum and that might be the final wave of correction. During sub wave v we might see, positive divergence in Nifty. Rest is explained for chart. Disclaimer : This is for education purpose only. Analyze yourself or consult the expert before making any decision based on on this analysis.
NSE:NIFTYShort
by nirmalmishra
HDFC - Wave 5- What it could be unfolding ? - 2390 to 3000+ DoneTarget done at 2900+ for Traditional Chart Patterns. The stock rallied 25% from the bottoms of 2400 since July 2021 in running Wave-5. What could be unfolding here in wave 5? Are you ready for the next move? ---------------------------------------------------------------------------------------------------- Last Idea - HDFC- WaveTalks- Pattern, Patience & Penultimate Correction ----------------------------------------------------------------------------------------------------
H
by WaveTalks
12
Similar expressions of Elliott Wave structure on NIFTY.Elliott Wave Methodical Structure This is a motive cycle of the Elliott Wave in which you can observe waves 1,3 and 5 are in direction of a trend. Wave 2 and 4 are against the direction which is called a "Corrective Wave". Five-wave structures, numbered (1)-(5). In the direction of the main trend of one larger degree. Wave 2 cannot retrace at the starting point of wave 1 Wave 3 can never be the shortest. Wave 4 never enters the price territory of wave 1. Waves 1, 3, and 5 are motive waves. Wave 3 is always an impulse wave. I've also tagged some common words such as " steep jump ", " sideway/consolidation ", " pull back " etc. So, a reader can understand it easily. The design of the chart is very easy to understand therefore, I have posted the below charts to understand the easy structure of the Elliott Wave. Now just check out NIFTY 50, Elliott Wave Structure, and Real Price in the below chart. Elliott Wave with Actual Price Yes, you got it now. Did you notice my entry-level at wave 2 on Aug 25, 2021? I have also published this chart on tradingivew.com. Check out the below chart. ----------------------REALIST----------------------- Aug 25, 2021, published : (Entered with my position at the end of Wave 2) Just, click on the "PLAY" button . I hope you understand now about Wave Counting. Last updated on Sep 16, 2021 (Started 4rth corrective wave) If you've still query about Elliott Wave, please comment.
NSE:NIFTYEducation
by Trade-Technique
133
Granuels India - Final Waves Unfolding from 2008/2009 Bottoms• Final Waves could be unfolding for the sequence which started from 2008/2009 bottoms post financial crisis • Suggesting Corrective Flat Sequence WXY from 2008/2009 Bottoms till it moves slowly & in time consuming pattern – taking this as primary or main view. • Wedge or Diagonals are Time consuming patterns which can be a possibility once more price details are available • Alternate Scenario / view- If Stock moves vertical above 600-700 zone that could be early signal that it has potential for bigger moves later but failing to cross the suggested zone will also call markets participants to be cautious at the new highs • Short Term Trading Buy in 300-325 zone with stops below 280 for Target 1- 375/380 & Above 380 for Target 2- 450/500+ or Buy Above 380 if fails to drop in 300-325 zone. • Long Term Trading Once stock has new highs possibly in 600-700 zone & fails to move further or consuming lot of time then participants have to be careful & review would be required at later stage. *** Avoid Taking Long Positions if stock falls below 280 levels *** Thanks & Best Wishes
NSE:GRANULESLong
by WaveTalks
7