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Elliottwaveforecasts

GODREJCP : Ending Diagonal This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal, a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal began. Properties of ending diagonal : Wedge shaped structure (in case of contracting diagonal). The subwaves of all the five waves should be in three wave structure. Wave 3 should be shorter than wave 1 | Wave 5 should be shorter than wave 3 | Wave 4 should be shorter than wave 2 Trading Strategy : Sell near 1000-1005. keep stop loss of 1025 and look for the target of 940/900/875
NSE:GODREJCPShort
by TradingSutra
SAIL: BULLISH TRAINGLEUsually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept to the breakout level of wave-d to get the target of this pattern. Trading strategy: Buy on cmp and add on dips , maintain the sl of 127 & look for the tgt of 150/160
NSE:SAILLong
by TradingSutra
1
Nifty - Sell Only Below 15800 - Potential Gartley / Bat HarmonicFrom The Last Idea Published..... Closing comment - "Struggling to go below 15800 ---------------Avoid Selling ---------------Do not Sell-------If Index holds above 15800-------Thanks & Best Luck. Trading Strategy ------------------------------------------------------------------------------------------------------------------------- Plan 1 - Sell Only Below 15800 - Do not trade if Nifty holds above 15800 ------------------------------------------------------------------------------------------------------------------------- Target - 15675 Target 2 - 15565 Target 3 - 15505 ------------------------------------------------------------------------------------------------------------------------- Plan 2 - Buy Once Bullish Harmonic Pattern Completes ------------------------------------------------------------------------------------------------------------------------- Gartley Pattern completes if Index halts close to 15565 (Target 2) mentioned in Plan 1. Bat Pattern completes if Index halts close to 15505 (Target 3) mentioned in Plan 1. ------------------------------------------------------------------------------------------------------------------------ Thanks for your precious time. Wishing all of you happy weekend.
NSE:NIFTYShort
by WaveTalks
14
Nifty - Can This Be A Wedge? (Target- 15137+ )If Index holds above 14850-1875 zone - it can push & retest 15137+ levels & complete the wedge. Valid only above 14850-14875 zone ---------------------------------------------------------------------------------------------------------------------------- Sell suggested at the tops today in the below mentioned idea comment. Hope You Enjoyed --------------------------------------------------------------------------------------------------------------------------- 15:21 Hrs / 20th May2021 Last @ 14908 As suggested last in morning #Nifty Index has support 14850-14875- Current low – 14885 – Just missed by 10 points but an amazing session today as we together got the fall from 15020’s to 14885 – drop of 125+ points Hope you enjoyed the session --------------------------------------------------------------------------------------------------------------------------- ------------------------------------------ 22nd April2021 Idea ------------------------------------------
NSE:NIFTYLong
by WaveTalks
17
Nifty - Bounce & Collapse (Buy & Sell)Buy - Strictly Holding Above 14590 -14600 for 14765 (Target 1) & 14850 (Target 2) Sell - If Index pushes upside into the zone 14850-14900 zone & halts or stops with strict stops above 15000+ for downside 14590-14600 (Target 1) / 14260 (Target 2) / 14050 (Target 3) Happy Weekend -------------------------------------------------------------------------------------------------------------------------- Last Idea ----------------------------
NSE:NIFTY
by WaveTalks
20
EURGBP : is this the time to do 1-2-3-4-5 for upside ?After a whole 1 year from march 2020 to april 2021 , the currency pair EURGBP has shown a corrective structure of three waves , Wave- a , wave-b as a triangular wave, and wave- c of impulse decline. The weekly price action suggests that there is quite bullish reversal chances from the recent bottoms. The evidence can be considered with the help of Bullish reversal candlestick pattern : THREE LINE STRIKE , a channel breakout & a higher higher highs & higher lows in the lower time frame. One can go long on EURGBP for the targets of 0.88 to 0.9 in the coming weeks.
Long
by TradingSutra
1
NIFTY: preparation of a zig-zag correction ?Nifty can repeat the fall of september again which was in a form of zig-zag having the initial run as leading diagonal. Trading strategy : 1. Buy nifty on dips for target of 15000-15050 , holding 15050 can extend to 15200-225. maintain SL of 14465 on the downside. 2. As soon nifty reaches in the resistance zone and starts rejecting then , create sell position close to 15250-300 with SL of 15350 for the downside objectives of 13700-500 .
NSE:NIFTYShort
by TradingSutra
7