Nifty Elliott wave analysis for 30april 2021Nifty 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
Elliottwavecount
Reliance - Careful At The Tops- The Y-Wave 1980-2000Have 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
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
Reliance - (Wave Analysis) Cracks 4% - What A Top at 2120!!!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
Reliance -Triangle Extended- ( Fall Done- 2018 to 1905)Target achieved 2018 to 1900 as expected ( Recent Low - 1905) 🎯🎯🎯as per last idea
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Most Important Resistance ⚠️ 2022 ⚠️
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Trading Strategy
Plan A
Started from the bottoms close to 1900 on 7th /8th Jan2021- Most Important ⚠️Support Level⚠️- Look for 1950 (Target 1) / 1975/1980 (Target 2)
Plan B
Once it reaches close in 1950 & Above in 1975-1985 - Traders have to be careful as very much possible -Plan C
Plan C
Selling only below 1985 strictly & best only between 1970-1985 for Target 1 - 1900-1910 Zone /
Target 2 - 1835-1850 / Target 3 - 1750-1775 (Below 1835)
ITC - Careful Below 209.40 (Wave Analysis)Note- View shall be valid only below key level- 209.40
Expecting a fall below 209.40 for 164. Shall review later once we get more price updates moving forward.
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Last Idea on ITC (Fall Below 209.40 to 165)- Count Seven & Go to Heaven
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Auropharma - Double Top 968/970- What Next?Trading Strategy - Buy Above 968/970 or Sell Below 968/970
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Auropharma Last Idea - Target achieved below 800- 755 ( Suggested 750/738)
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Reliance- 5th Wave May Start Soon Below 1895 (Wave Analysis)Last Price - 1947 / 17:13 Hrs / 5th Dec2020
Traders Sell Only below 1895 for
Target- 1835 /1750
*Not falling below 1895 will suggest Wave-4 is still on going & will take few more sessions to complete
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Last Selling Done at the Tops of 2095
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Nifty- Buy Above 12625/12625 for 12770/12850This is short term view & holds valid till Nifty Index holds above 12625/12650 - You can expect impulsive move towards 12770/12850 - targets upside ( careful at tops) - if crosses 13K then structure has to be reviewed back. Thanks
You need to be careful as suggested in closing comment of Reliance Idea published last (mentioned below)
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Last Reliance Idea
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Tata steel- Careful at the tops @393-395View is valid only below 395 levels- Do not sell if stock not falling below or holding above this level.
Looks all mess upside & choppy moves. Possibly finishing Wave-x (circled) within Wave-Y. Only if Index Nifty moves above 12025 - I will avoid selling else -I am looking for steel to fall in final wave -Y
Targets - 385-387 / Below 385- Target -370 / Below 370 Only- Target -360/ Below 360 (Strictly follow the levels) -343 & Final Target - 300 in next few weeks & months ahead.
Nifty elliott wave analysis of Monthly chart as on 17oct 2020In monthly chart wave completed at 6357, wave completed at 2252,
and in wave may be 5th wave is running from 7511.
38% projection of that wave (5) is already achieved but it is below earlier high and 61% is coming at 13598. so wave (5) completion range can be 12428-13598.
Nifty - Roller Coaster Ride 9700- Done & Out!Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Trading Strategy
Plan A -
Global Markets Positive as of current session -16th June 2020. Tomorrow, Nifty can open gap up above 9900 - Holding above 9900 levels - Targets can be 10000 / 10170-10200 zone
Plan B -
If stops at channel top in 10170-10200 zone or close by levels then get ready if Index starts falling first & you join them later for downside target from the tops of 10170-10200 to 9900 / Below 9900 -9800 / Below 9800 -9700 / Below 9700 for 9550-9600 (Yellow Channel Support)
Plan C -
Breaking of Yellow Channel Shown on downside & below 9550-9600 key zone -Expect Targets 9375-9400 / Below 9375 for 9175-9200 / Below 9150 for 9000 / Below 8950 for 8700 & lower targets.
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Last Stock Idea - ITC
Selling The Tops at 203 Highs
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Last Idea on S&P500 Index
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TradingView Profile Page- To check older ideas
in.tradingview.com
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Thanks for watching this idea & your precious time. Have a wonderful week ahead
Nifty Elliott wave analysis for 3rd July 2019 onwardsTriple zigzag pattern is violated as of now and if nifty completed correction at 11625 as double zigzag then nifty needs to go for new high very fast. Any consolidation below 12000 would indicate its still in X2 of complex correction. Will update if found an exact pattern.
Nifty Elliott wave analysis for 1st July 2019It seems Nifty currently in triple zigzag correction and will complete its last abc below 11625(most probably in an ellipse drown in chart). So Nifty needs to go below 11617 before breaking upper wedge line. But if it breaks upper wedge line before going below 11617 then we could conclude that correction is completed at 11625 as double zigzag.
Nifty Elliott wave analysis for 26th june 2019Decline from life time high 12102 is seems to be corrective and looks like double zigzag in which 12102-11770 as first abc, 11770-12000 as X and 12000-11625 as second abc. Now If correction is completed at 11625 as double zigzag then we will see new high above 12102 OR pattern could also turn in to Triple zigzag(In which one more low below 11625 is possible from 11870-11921 range). As of now nifty needs to bounce in the range of 11870-11921. and from there we will see further possibilities which explained above.