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Elliottwaveforecasts

BankNifty- Leading Diagonal Scenario Leading Diagonals have 2 forms or shapes which is rarest of patterns seen in the markets 1st form - can be 5-3-5-3-5 structure (upside or downside) 2nd form- can be 3-3-3-3-3 structure (upside or downside) Bank Nifty ( Possible 2nd form) unfolded from 24th March 2020 In the current scenario ( a possible example of 2nd form i.e. 3-3-3-3-3- could have unfolded in Bank Nifty) - i.e. ( Wave-i circled is yellow wave - (w)-(x)-(y) ) & so on. When all global markets turned upside in March 2020- Most of us thought, it could be upside bounce soon to reverse down ( which is a very common reaction because we had a severe correction on account of Covid19 or Corona Virus) & we still struggling with the tricky situation thinking that some big corrections could unfold soon & has tested the patience of majority market participants. Support & Resistance for Bank Nifty 1st Support -21400 2nd Support-21000 1st Resistance-22700 ------------------------------------------------------------------------------------------------------------------------- Note This is not a trading call. Kindly do your own due diligence. Consult a financial advisor before taking any trading based on this view. Purely for Educational Purpose -----------------------------------------------------------------------------------------------------------------------
NSE:BANKNIFTY
by WaveTalks
11
NIFTY : ZIGZAG CORRECTION AHEADAfter a recent high of 11800 , nifty has given a fall to the level of 11185 with a pattern called a LEADING DIAGONAL. Leading Diagonal is formed when a new trend is going to start or at the starting of a ZIGZAG CORRECTION for the prior move. As per the current structure , we can assume it is going to have a zigzag correction. Trading Strategy: Sell in the range of 11600-11700 keeping stop loss of 11810 for the target zone of 11200/11090/10900
NSE:NIFTYShort
by TradingSutra
5
Hindalco Wave Review (Recent High @ 203) - Final Wave E-ExpectedVideo Idea Shall Have Quick Review Hindalco BankNifty Nifty ---------------------------- Disclaimer ----------------------------- 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. --------------------------------------------------------------------------------------------------------------------------- Note For Educational Purpose- not to be considered a buy or sell idea. ---------------------------------------------------------------------------------------------------------------------------
NSE:HINDALCOEducation
by WaveTalks
4
USDCAD- case of Ending diagonalVery soon there will be a trend reversal in the pair USDCAD. The current price structure is forming an ending diagonal which is going to complete the long term corrective wave A-B-C started in the month of march. The another reason for expecting a trend reversal is the bottom formation of dollar index, which clearly suggests that major reversal going to take place. Important levels are 1.30800 as the last & Above: 1.32400 reversal confirmation.
Education
by TradingSutra
ICICI Bank - Target Upside 380 & Above 380 for 410Disclaimer ----------------------------- 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. ------------------------------------------ Plan A - Buy with strict stops below 345 for Target- 380 / Above 380 for 410-420 (Not Valid Below -345) Plan B - Sell ----------If Stops bet 410-420 zone upside Target 380 / 347 /338 / 325 /287
NSE:ICICIBANKLong
by WaveTalks
5
TataSteel -Playing The Wedge(Holding Above 337 look for 343/348)Disclaimer ----------------------------- 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. ------------------------------------------------------------------------------------------------------------------- Trading Strategy Plan A - Buy strictly above 336-337 ( Strict Stops Below 336) for Upside Target 343 & Above 343 for 348 Plan B- Sell Later close from 348 Highs - Target Downside - Target 1- 328 / Target 2- 312 / Target 3- 300 --------------------------------------------------------------------------------------------------------------------- Last Tata Steel Wave Count on the Larger degree --------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Thanks & Regards
NSE:TATASTEEL
by WaveTalks
3
ITC-B-Point Magical Pull 194-195-Selling The Tops!(Nifty @10552)Disclaimer ----------------------------- 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. -------------------------------------------------------------------------------------------------------------------------------- Trading Strategy -------------------- Plan A Selling The tops 194-195 as suggested last week from the Video Idea - Shark Bounce Expected 194-195. Expect 190-191 (Target 1) / Below 190 for 183.50-185 (Target 2) Last Video Idea - ITC ---------------------------------------------------------------------------------------------------------------------- Plan B Selling below 183.50 (Strictly) for 180 / Below 180 -More on downside----------------or-------------------Buying Above 183.50 if 183.50 is not pierced downside ----------------------------------------------------------------------------------------------------------------------- India Nifty Update Selling The Tops 10540-10560 zone as suggested in the Reliance Last Video Idea Nifty Snapshot Tops at 10552 Highs- 24th June 2020 Reliance Last Video Idea - Part 2- Careful Below 1600 Highs
NSE:ITCShort
by WaveTalks
21
Reliance-Wave Talks Part 2- Careful at 1600 Highs/Nifty/DowJonesDisclaimer ----------------------------- 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. Saturn when about to enter Capricorn in Jan 2020 - Had resulted into Global Pandemic- Covid19 (Corona Virus) - Saturn Moved out of Capricorn in late March 2020 & resulted in Global Index bounce almost retracing 80% in Dow Jones & SP500 & price-wise it has done very similar activity as it did 90 years ago in the 1930s Now, Saturn retrograde (reverse) (July-Dec 2020) -if planets are going to repeat the same path -it is very obvious that the same set of activities shall be repeated by all of us. My dear followers, I would suggest only one thing to be cautious at every push upside. Don't trade using emotions -Let market show you the next way round - So, get ready for yet another exciting journey. -------------------------------------------------------------------------------------------------------------------------------- Trading Strategy -------------------- Plan A ( Long Term Analysis) Selling From The Tops for 1395 / Below 1395 for 870 Plan B (Short Term Strategy- Sell) Holding Below 1800 Levels Strictly - Short Term Sell for 1750 (Target 1) / 1700 (Target 2) Plan C (Short Term Strategy - Buy) Buying if holds 1700 & close by levels for new all-time high 1800 (Target 1) / 1850 (Target 2) ---Follow Plan A (Long Term Strategy) once tops form ---------------------------------------------------------------------------------------------------------------------------- TradingView Profile Page to check older ideas in.tradingview.com --------------------------------------------------------------------------------------------------------------------------- Thanks for watching this video & your precious time.
NSE:RELIANCE
by WaveTalks
46
Auropharma - B- Wave Shift Can Cause Havoc 790-810 Disclaimer ----------------------------- 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. -------------------------------------------------------------------------------------------------------------------------------- Trading Strategy -------------------- Plan A ( Long Term Analysis) As suggested several times 790-810 is the danger zone so you better be careful as any small indication of the fall below 810 can take this stock deep down which will be reviewed later Strictly - No Selling if crosses above 810 levels Plan B (Short term) Any move above 810 - You can expect upside push to 830/840 zone but strictly above 810 levels only -------------------------------------------------------------------------------------------------------------------------- Nifty for 19th June 2020 ------------------------------------------------------------------------------------------------------------------------- Review of 18th June 2020 Intraday Push of 100 points above 10000. Hope you enjoyed. What Next - 19th June 2020 Have Bearish Gartley Structure at 10100 Levels Exact Plan A Selling Strictly below 10100 levels for 9950 -Target 1 & Dropping below 9950 -Expect more on downside Plan B Moving Above 10100 - This harmonic pattern -Throw away & expect 10170-10200 as suggested earlier -strictly above 10100 levels --------------------------------------------------------------------------------------------------------------------------- Profile Page for checking older ideas - Use search box for any particular stock in.tradingview.com --------------------------------------------------------------------------------------------------------------------------- Thanks for watching the video & your precious time
NSE:AUROPHARMAShort
by WaveTalks
44