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SMCI short term Target of 54SMCI has been correcting in a complex zig-zag correction. It has completed triple Zig-Zag, correction seems over as per Wave-3 max pull back and seems to be headed towards 54 in short time, provided some conditions are met. Conditions: a) Correction should stop at around this level or can go max till ~38.23, what it means is, price damage should stop, we may still correct in horizontal way not breaking price of approx 38.23. b) We need fast re-tracement of price towards ~44.40 If above is satisfied, entry at 44.40 for a target of 54 is a good probabilistic trade. When set up gets invalid ? When price breaks and closes below 38.23 on 4hr closing candle basis.
NASDAQ:SMCI
by jsgadgil
EURJPY: Short Setup with Target Zones in FocusEURJPY outlines a clear W-X-Y corrective pattern. Wave (W) ended at 161.297 , followed by an upward corrective move in Wave (X), which topped at 162.665 with a classic ABC formation. Currently, the price is hovering around 162.084, likely forming Wave B of the final Y leg. A brief move higher could complete this B wave before the pair resumes its decline toward the 160.922–160.680 area, which marks the projected end of Wave C of (Y). The broader correction is framed by two descending blue trendlines, providing dynamic resistance and support, while a short-term red ascending trendline is currently holding the price action but may soon give way. If the price stalls or rejects around the 162.3–162.5 zone, it could signal the start of the next leg down, making it a potential setup for short positions. After the reversal from Wave Y, potential upside targets are 161.600, 162.500 , and 163.100 . We will update it soon!
by Money_Dictators
Bearish Setup on NFLX: Correction Wave (C) UnfoldingTF: 4h NFLX appears bearish at the moment. The corrective structure on the 4-hour timeframe suggests a potential decline. The current formation indicates that wave B likely completed at 998.61, and the stock has now begun its descent into wave (C) of the correction. The correction may extend to the 100% projection of wave A at 788.67, or potentially deepen to 659.06, aligning with the 1.618 Fibonacci extension of wave A. After the completion of wave (C), traders can buy for the target up to wave B at 998.61. I will continue to update the situation as it evolves.
NASDAQ:NFLX
by Money_Dictators
GBP/USD Technical Outlook: Elliott Wave Mapping the Next MoveThis GBP/USD 4H chart presents an Elliott Wave analysis. Wave (1) and (2): The market had an impulsive bullish movement in Wave 1, followed by a corrective Wave 2. Wave (3): A strong bullish move with momentum. Wave (4): A corrective phase, forming a triangle pattern (a-b-c-d-e), which suggests the market is preparing for another impulsive leg. Entry Confirmation: A breakout above the triangle pattern. First Target: 1.31457 (Fibonacci 0.382) Second Target: 1.32105 (Fibonacci 0.5)
by Money_Dictators
3
Is gold going to be eclipsed? ------------------------- Timeframe: 240 Min ------------------------- The price action suggests a completed impulse structure originating from the 2833 low, with gold now trading at an all-time high. Based on cluster zones and Fibonacci extensions, wave (5) still has the potential to extend toward the 3150-3200 range. This zone represents a key resistance level where buying momentum may slow down, signaling an impending shift in market dynamics. Once wave (5) completes, it will mark the end of wave ((3)) of a higher degree, setting the stage for a corrective move. A retracement toward the previous wave (4) level is expected as wave ((4)) develops, aligning with historical corrective behavior after extended rallies. This phase will provide crucial insights into the market’s next major move. Stay tuned for further updates.
OANDA:XAUUSD
by Money_Dictators
2
NSE LINDEINDIA – Elliott Wave ProjectionTimeframe: Daily NSE LINDEINDIA is currently trading below both the 100 and 200 EMAs, indicating a bearish trend. The ATR stands at 232, reflecting low volatility while supporting the ongoing downward movement. The price action has formed a descending channel, with a clear corrective pattern visible within this structure. The price has completed wave 5 of wave (C) and begun moving upward. A downward value area is visible near the lower band of the descending channel. The price has reached 100% of wave (A), suggesting it has hit the anticipated Fibonacci ratio, indicating a potential correction. To confirm this assumption, the price must break above wave 4 of wave (C) at 6800 . If this breakout occurs, traders can look for the following targets in a long setup: 7500 – 8198 – 8660+. We will update further information soon.
NSE:LINDEINDIA
by forextidings
Chart says everything itself: Educational post Please check all snaps shared here Educational post 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:TATACONSUMEducation
by RK_Chaarts
4
BankNifty's Elliott Wave : Can It Reach Targets 49250+ & 49650+ As Elliotticians, this is one of the cardinal rules often overlooked, leading analysts and traders into traps. However, knowing the "line in the sand" where you could go wrong—48610—is crucial. Getting the opportunity and executing the trade is another challenge, leaving no room for emotions. Emotions in trading can be dangerous; in fact, managing emotions is equally important in real-life decision-making. As discussed earlier today, just 60 minutes ago, the question remains: Can we touch 49250+ and 49650+ upside targets? Always consult your financial advisor before making any trades. Regards, WaveTalks Market Whispers - Can You Hear Them?
NSE:BANKNIFTYLong
by WaveTalks
12
GUARGUM51! - Key Trends and Price PredictionsOn the NCDEX, guar gum has formed an Elliott Wave cycle, with the final Wave E of Wave (4) approaching completion. A confirmation above Wave D could shift the entire outlook in favor of buyers. From a price action perspective, 9830 serves as a strong support level, while 13,650 acts as a supply zone, both of which have remained significant for over four years. Wave D represents a critical midpoint, ensuring a push toward the upper supply zone once the price sustains above this level or Wave D. If the price has completed Wave (4) and has broken above Wave D, it is likely to reach the upper boundary of the value area, around 13,650 . However, with the ADX (Average Directional Index) at 17, this suggests a weak trend, indicating that the current price movement lacks strength. If the price closes below the demand zone at 9,830 , it could delay the expected bullish move. Traders should wait for confirmation before entering a long position to ensure a stronger trend.
NCDEX:GUARGUM51!
by forextidings
BankNifty - 900 Points Bounce - Leading Diagonal Scenario ?As we discussed on 1st Dec 2024, an upside move towards the recent high was anticipated. If the recent high holds...then what? I'm glad to see we got a strong 900+ points bounce in Bank Nifty Index since Monday, 2nd Dec 2024. This aligns exactly with our weekend discussion. Elliott Wave Analysis (Advanced School of Thought) This could be a classic market scenario to include in my upcoming book. If the index halts below 52760, we might be witnessing a Leading Diagonal Scenario: From the highs of 52760's Referencing the bible book of Elliott Wave by Frost & Prechter (Page 41, Figure 1-21): Snapshot captured at 11;49 am / 3rd Dec 2024 Leading Diagonals occur at the start of a decline. They can retrace up to 99.99% but cannot exceed 100%, which would be 52760 in this case. Current Scenario: A Leading Diagonal appears to be forming from the highs of 52760. It has retraced until today's high of 52748. Can This Be a Double Top and Leading Diagonal Scenario at 52760? Line in the Sand (Stop Loss): The index cannot cross above 52760. If it does, the pattern is invalidated, and we’ll need to reassess. Market Whispers! ...Can You Hear Them? Regards, WaveTalks Abhishek
NSE:BANKNIFTYShort
by WaveTalks
5
BankNifty, Nifty, Gold & Bitcoin - Maha Bounce!In last week's video, we anticipated significant moves across BankNifty, Nifty, Gold, and Bitcoin, all aligning with NDA+ victory in the Maharashtra Assembly elections. Here’s a quick recap and what to watch next: BankNifty: What's Next? - The index could face resistance in the 51650-51950 zone as a Bearish Shark pattern unfolds along with falling channel resistance. - If a gap-up move brings BankNifty into this resistance zone and it holds below 52000, it could present an opportunity to sell. - Key Alert: If the index breaks above 52000, the Bearish Shark pattern becomes invalid, as it would breach the falling channel. - In case of a gap-up opening at 51650-51950, be cautious of a sharp drop towards the 50950-51000- first target zone downside - Further downside could extend to 50350-50550 if 50900 support breaks. Gold: A $100+ Upside Move Gold delivered a remarkable bounce, gaining over $100 + as discussed last week. Bitcoin: Nearing $100,000 Bitcoin is on the verge of a monumental milestone, heading close to the $100,000 mark—a notable achievement since last week's prediction. Stay sharp as we enter this critical week. Watch for the levels discussed, and remember to trade with caution. Let’s see how these setups play out! Market whispers! Can You Hear Them? Have a great week ahead! Best regards, WaveTalks
NSE:BANKNIFTYShort
by WaveTalks
8
NIFTY downside targetsIf we count a single leg for NIFTY, (recent move), we can see Flat Correction. Wave B is returning from the golden ratio of 61.8% We will use the Fib extension to find the target of wave C. We can see that the minimum target of 61.8% has already been crossed. Price now moving for the Rule of equality i.e. 100%. But we can see several Fib clusters near the price range of 23667.40 and 23621.35 So we can expect wave C up to these zones. This analysis is done using Elliott Wave theory and Fibonacci. This analysis is for educational purposes only.
NSE:NIFTYShort
by theprofityogi
BANKBARODA: Elliott Wave Analysis & Trendline BreakoutTechnical Analysis of BANKBARODA Elliott Wave Analysis and Resistance Trendline Breakout The Chart of the BANKBARODA stock displays an interesting Elliott wave pattern, suggesting a potential bullish scenario. Let's break down the analysis: Elliott Wave Pattern: Completed Wave ((4)): The chart seems to have completed a corrective wave ((4)), which took the form of a correction (A) (B) & (C) in blue, inside wave (C) we have witnessed wave 1,2,3,4 & 5 in Red had completed. Potential Wave 5: The breakout above the resistance trendline suggests the initiation of wave 5, which is expected to be an impulsive move to the upside, possibly towards 300 & 316 or more. Supporting Divergences: Bullish Divergence on RSI: The Relative Strength Index (RSI) shows a higher low while the price formed a lower low. This divergence indicates a potential bullish reversal and supports the idea of a rising wave 5. Potential Upside: Target for Wave 5: The extent of wave 5 is often unpredictable, but based on standard Elliott Wave principles, it could potentially reach the 1.236 extension of wave 4, This level could be a significant upside target near 316. Invalidation Level: 229: If the price retraces below the 229 level, it would invalidate the current bullish scenario and suggest a potential continuation of the downtrend at least counts have to change. Key Takeaways: The breakout above the resistance trendline and the bullish divergence on the RSI suggest a potential bullish trend for the BANKBARODA stock. Wave 5 could lead to a significant upside move, potentially reaching the 1.236 extension of wave 4. However, a break below the 229 level would invalidate the bullish scenario. Important Note: Elliott Wave analysis is a complex and subjective technique. It's crucial to remember that there is always a risk of being wrong. This analysis should not be considered as financial advice. It's essential to conduct your own research or consult with a financial advisor before making any investment decisions. The information provided in this analysis is for educational purposes only and does not constitute financial advice. The author and the platform are not responsible for any losses or damages arising from the use of this information. 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:BANKBARODALong
by RK_Chaarts
Elliott Wave Triangle: The Black 2024 Effect Elliott Wave Triangle: The Black 2024 Effect – The Calm Before the Breakout The Endless Loop of Black (2024) Movie and BankNifty In Black (2024 ), a couple is trapped in a never-ending time loop, going over the same path again and again. The BankNifty Index seems to follow a similar pattern, moving in waves that repeat familiar highs and lows. This strange similarity pulls us in, as both the movie and the market seem to be on a path that’s both puzzling and exciting. A Powerful Journey Through Time Black (2024) is more than just a movie—it’s a story about love, destiny, and time’s unbreakable cycles. With powerful direction, the movie takes us on a deep journey, revealing hidden truths with each loop. In the same way, BankNifty’s wave-like patterns give moments of clarity, only to change direction again, much like a never-ending dance in the market. Could the U.S. Election Be Fueling This Pattern? BankNifty’s cycle might also reflect the high stakes of the U.S. Presidential Election . With Kamala Harris and Donald Trump neck-and-neck in the race, the market feels the tension of this intense battle. BankNifty is forming an Elliott Wave Triangle – a pattern that traps traders in a similar loop of ups and downs, mirroring the suspense and energy of the election. Elliott Wave Triangle: The Calm Before the Breakout The Elliott Wave Triangle pattern is a consolidating formation that shows up when the market is preparing for its next big move. It forms a series of back-and-forth waves, typically in five parts (A-B-C-D-E), creating a narrowing structure like a triangle. This pattern often appears before a strong breakout, either up or down, signaling that traders should be ready for a significant shift in the trend. The Elliott Wave Triangle is like a pause before the market's next direction, building energy before it makes a decisive move. Caution: Don’t Be Fooled by the Stability What looks stable may actually be unpredictable. A fall below 50194 (last reached on October 7) could spark a quick drop towards 49500-49600 . If BankNifty slips below 49500 , it could fall even further, aiming for 47800-48000 . Short Term Wave Structure Short Term Support Zone for Wave-D to Halt & Take Support is 51000-50800 - Getting Support could make it bounce upside towards falling trendline connecting Wave A & Wave-C which might bring end to Wave-E , Once wave-E gets completed …Larger trend & more violent wave will start. Alternate Wave Path - A-B-C-D1-E1 If gap is breached below 50800..Index can drop to 50500-50600 zone as support zone & follow wave path D1 & later E1 The Black Loop in BankNifty: Are You Ready? Just like the thrilling loops in Black , these market waves might seem familiar yet hide surprises at every turn. Market Whispers, can you hear them? The Black Loop in BankNifty captures both the thrill of the U.S. election and the mystery of Elliott Wave patterns. As both the story and the market cycles unfold, only those who are ready can avoid getting stuck in the loop. #elliottwavetriangle #black2024 #correctivestructure #wavetalks #correctivewaves #trianglebreakout Regards, WaveTalks Abhishek
NSE:BANKNIFTY
by WaveTalks
12
PSUBANK: Elliott Wave Analysis and Technical BreakoutTechnical Analysis: PSUBANK Index Elliott Wave Analysis The chart reveals a potential Elliott Wave structure within the PSUBANK Index. We're currently observing a bullish development within wave 5. This bullish impulse is supported by a clear upward trendline breakout. Key Points: Resistance Trendline Breakout: The index has decisively broken above the resistance trendline, suggesting a potential reversal of the previous downtrend. Bullish Divergence: The presence of a bullish divergence between price and momentum indicators, often signals a potential trend reversal. This divergence adds credence to the bullish outlook. Wave Structure: The current structure aligns with an impulsive wave pattern, where wave 5 is typically the dynamic move after corrective 4th Elliott Wave sequence. Potential Scenario Based on this analysis, we can anticipate a continuation of the bullish trend, potentially leading to the development of wave 5. This could drive the index higher, with the upside potential potentially reaching the 8000-8200 zone. Trading Implications: Bullish Bias: Maintain a bullish bias for the PSUBANK Index, given the strong technical signals and potential for further upside. Entry Points: Consider entering long positions on pullbacks (if any). Stop-Loss: Place a stop-loss below the 6185 level, which would invalidate the bullish scenario. Risk Management: Implement proper risk management techniques, such as using stop-loss orders and position sizing, to protect your capital. This analysis is based on Elliott Wave Theory and technical analysis, which involves multiple possibilities and interpretations. The information provided is for educational purposes only and should not be considered as financial advice. It's crucial to conduct your own research and consult with a financial advisor before making any investment decisions. There is always a risk of being wrong, and users are advised not to trade or invest solely based on this analysis. 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:CNXPSUBANKLong
by RK_Chaarts
Nifty small upmove possibleNIFTY has clear indication now that wave c of wave B is under formation. The recent down move has not touched 127% level, so this down move was clearly wave b of wave B. Now if we use fib extension for target of wave c of wave B, we get cluster around 25422 and 25416 level, where 161.8% extension of wave c and 50% retracement of bigger wave A (which is the maximum target of wave B of Zig-zag). So we have good buying opportunity here with stoploss below 24545 and target of 25420.
NSE:NIFTYLong
by theprofityogi
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