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...
USD-INR after such a steep rise looks like it is in the 5th wave of bigger degree .
Within this bigger 5th wave, which should ideally be the last wave of a Major Rise, normally consists of 5 sub waves in smaller degree .
Now, Market is looking in 3rd wave of sub degree of bigger 5th wave that I was talking about in the previous two lines.
NSE:NIFTY chart as per Elliott Wave Analysis. Here Wave 5=Wave 1. So an impulse should be ending here near to 15300. You can check our TVC:SPX analysis too.
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...
JSW 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...
Key Level: 730
POKRANA has completed corrective wave ((4)), and price surged for impulsive wave ((5)).
If the price breaks the corrective wave b, traders can expect the following levels for impending impulse thrust:
TP 1: 752
TP 2: 770
TP 3: 800+
Price has broken down the wave (a) at 382.
We can see a corrective channel, which has held the corrective structure.
Wave c can travel for the following targets: 360-356-342+.
Price has also created the head and shoulders pattern, and the right shoulder has broken down the neckline.
Impulsive wave will start after the breakout of the corrective wave...
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...
38317-38670 is an immediate resistance range for Bank Nifty. If it will not breaks above this resistance range then fall towards 36757-35954 is possible.
Target 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?
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Last Idea - HDFC- WaveTalks- Pattern, Patience &...
The current price action has formed a bullish triangular pattern which suggests that one should go long with SL of 67$ & look for the target of 71$ -72$
Elliott Wave Theory is a way to organize the market into waves and sub - waves . This strategy is useful for identifying patterns in several timeframes . These structures usually follow Fibonacci Retracements . The main structure is a five - wave patterns ( or impulse ) for a rally or drop . The ABC ( or consolidation ) pattern Usually acts as the next wave movements .
In this video one can learn a lot about elliott wave counting as specially when one pattern is violated, that is what happened today as we were expecting triple zigzag pattern ended at 14151 but after breaking upper wedge line price breaks the same wedge line on down side which violated the pattern. Now what next is explained in detail.
Thanks for watching
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Nifty given very good up move as of now from 14273 as we were expecting in our previous videos. Now after breaking upper wedge line nifty need not to break the same wedge line for up move to continue. In this video I have explained detailed wave count from recent low 14151.
Thanks for watching
Have suggested already -its all choppy & messy suggesting that fall in Reliance is pending -which can take stock back again to 1830 & once 1830 is taken out - fall can become more serious. Trade carefully. Thanks
The Y- Wave Next for 1980-2000 Levels
• 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...
Last Price- 1970
Hope you enjoyed the selling at the tops of 2100
Channel Support at 1950's could support the stock & If drops below 1920-1950 that will be next clue for the stock to do bigger damage.
Happy Trading!!!
Last Idea - Corrective 1st Leg Done at 2120
