Get started

Elliottwaveforecasts

EURUSD Fall - Classic Equality Count in Play | C = A WaveDisclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers!, can you hear them 13th Jan 2024 - B: Wave completed at the tops of 1.11393 Long Term Outlook From its low at 0.95358, we're seeing a leading diagonal wave signaling a potential long-term uptrend. As previously discussed, big gains might be ahead. Once short term completes & the base is formed as discussed in short term analysis, EURUSD will move into next sequence of wonder to behold waves which is Wave 3. Let us wait & have patience for magic to unfold. Short Term Outlook It's building a base, possibly dipping to 1.02-1.04, a 50-61.8% retracement from the 0.95358 low to the 1.12757 high in July 2023. Wave C = Wave A falls to 1.03118 falls in the projected zone suggesting a stronger possibility for Wave-C ending in the box zone 1.02 to 1.04 as discussed earlier From WaveTalks (Market Whispers!, Can you hear them) Abhishek
by WaveTalks
4
IREDA vs. IRCTC: Tracking Parallel Stock Successes Disclaimer: Trading in financial markets involves substantial risks. Please consult your financial advisor before making any trading decisions. This message is not a solicitation to buy or sell. Perform your due diligence. WaveTalks - Market Whispers: Can you hear them? Analysis Overview: IREDA's performance in the stock market is drawing attention, much like IRCTC did in 2019. Trading at 119.50, a significant rise from its listing at 50, IREDA is experiencing strong and impulsive market waves. This suggests a big growth potential, aiming for targets of 155, 175, and 190. Key Points of Analysis: 1. Remarkable Growth Since Listing: IREDA's stock value has more than doubled since its listing, showing strong investor confidence and favorable market trends. 2. Potential for More Growth: The trend suggests IREDA is in a bullish phase. Its steady rise indicates an impulsive wave pattern, often leading to quick price increases. 3. Projected Targets with Support Levels: The targets for IREDA's stock are 155, 175, and 190, assuming it stays above the support levels of 107.50 (minor) and the important 100 level (critical support). These targets are based on the stock's current momentum and market optimism. 4. Buying Triggers - Buy This Stock above 127.50 post breakout or Buying close to 110-112.50 zone which retraces the latest impulsive (103 to 127.40 at minor degree) by 61.8% 5. Current Wave Analysis: The stock is currently in its 5th wave of growth within first impulsive wave sequence from the listing price of 50, which is still unfolding. 6. Comparison with IRCTC: Though they operate in different sectors, IREDA's growth mirrors IRCTC's early success in the stock market. Both being public sector companies, they've attracted significant investor interest. The Last Idea on IRCTC – Stellar Debut -The Next Station Please? 7. Investor Sentiment and Industry Prospects: The positive market reaction to IREDA is partly due to its involvement in the renewable energy sector. With growing global focus on sustainability, IREDA is at the forefront of an expanding industry, increasing its attractiveness to investors. Concluding Thoughts: IREDA's stock, with its strong growth and potential for further rise, is a key player in the market. Investors and analysts should watch its progress, as IREDA might replicate or even exceed IRCTC's success. The unfolding 5th wave in its stock pattern and the ambitious targets further emphasize this potential. WaveTalks - Market Whispers: Can you hear them?
NSE:IREDALong
by WaveTalks
3
AFFLE INDIA: Bullish TriangleUsually 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 at the point of completion of wave-e (conservative approach) or to the breakout level of wave-d to get the target of this pattern (aggressive approach). Trading strategy: Buy on CMP 909 and keeping the SL 760 look for the target of 1600/2100
NSE:AFFLELong
by TradingSutra
7
Auropharma : Riding the Wave: StockJumps from 397 to 1000 October 13, 2020: Identified a B-Wave shift in Auropharma (TradingView Idea Published as mentioned below), predicting a decline from highs of 1065 to lows of 397- was looking for Wave -C Downside. These are complex corrections so I changed them to X-wave (instead of B-Wave) January 30, 2023: Noted that Auropharma was close to completing an Ending Diagonal, which eventually ended the fall at the lows of 397. Ending Diagonal as per New School Analysis or Wedges as per Old School or Traditional Analysis are classical patterns which suggest that the structure is about to end & sooner or later opposite side move will start. This is the reason, why I picked this stock as portfolio stock for 1000+ as the ending diagonal started from the highs of 1065 which was most likely to get retraced 100%. February 27, 2023: Published an idea on TradingView suggesting Auropharma was preparing for a rise to 1000 as stock made a low of 397 & started rising. A classical example of V-Shaped Recovery on Monthly Chart using wave analysis. November 18, 2023 (Today): Auropharma achieved the target, touching over 1000+, just a few points shy of the previous high of 1065. This journey of Auropharma's stock is a real-world example of wave analysis in action and will be featured...story continues Regards, WaveTalks
NSE:AUROPHARMA
by WaveTalks
4
Navigating the Waves of Automotive ExcellenceLumax Auto Technologies Ltd.: Navigating the Waves of Automotive Excellence Let's dive into the world of Lumax Auto Technologies Ltd., a stalwart in the realm of automotive components. About Lumax Auto Technologies: Lumax Auto Technologies Limited, a proud member of the Lumax-DK Jain Group, stands as a market leader in crafting automotive components. With over four decades of experience, Lumax Auto Technologies has been a reliable supplier for both Original Equipment Manufacturers (OEMs) and the Aftermarket segment. Elliott Wave Analysis: Now, let's bring in the insights from the Elliott wave perspective: The stock has been on a journey, going through different waves like 1, 2, 3, and 4. Now, it looks like we might be entering wave 5, which is a bigger move. Within wave 5, we've likely finished the first part, and now we're waiting for the second part. Think of Elliott waves like a cycle, showing how the market's mood goes up and down. Wave 5 is interesting because it often marks the last big move in a trend, causing prices to make significant changes. Opportunity Beckons As the waves unfold, the anticipated wave 2 might offer strategic dips, presenting an opportunity to go long. Caution is maintained with an invalidation level set at 332.(Stop-Loss) The journey towards the north could potentially reveal targets reaching 470 and beyond. Of course, in the dynamic world of finance, fingers are crossed for a prosperous journey. Rising Stock Chart Lumax Auto Technologies Ltd. stands at the intersection of experience and innovation, riding the waves of automotive excellence. 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 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:LUMAXTECHLong
by RK_Chaarts
5
Sona Comstar: Driving Innovation in the Auto-Tech WorldA Global Auto-Tech Innovator with Elliott Wave Insights Let's delve into Sona Comstar, a global player in automotive systems and components. The company operates across India, China, Mexico, and the USA. About Sona Comstar Sona Comstar is an automotive technology powerhouse, crafting highly engineered systems and components. They supply vital parts like differential assemblies, starter motors, EV traction motors, and more to automotive giants worldwide. Their innovations extend to electric vehicles, passenger cars, commercial vehicles, off-road machines, and two & three-wheelers. What sets them apart is their cutting-edge, in-house technology—advanced precision forging. It ensures high performance, consistent quality, and precision, making them an innovation-driven multinational firm. Elliott Wave Analysis Now, let's consider the Elliott wave perspective: The stock's price movements have been captured in waves (1), (2), (3), and (4), and we're possibly in the midst of wave (5). In the current wave (5), wave 1 of (5) seems to be mostly complete. An interesting observation: During the completion of wave (4), the stock experienced a deceptive breakdown, but it didn't follow through and instead reversed its course to head north along with good intensity of volumes. As per the Elliott wave analysis, every dip in the stock's price could be seen as an opportunity to go long, with an invalidation level set at 488. Rising Stock Chart Sona Comstar is not just a part of the automotive industry; it's a player in the future of mobility. With their technological prowess and the intriguing Elliott wave insights, the stock seems to be on an exciting journey. 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 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:SONACOMSLong
by RK_Chaarts
2
Technical Analysis with Elliott Wave InsightToday, we're exploring Ward Wizard Innovations & Mobility Ltd., an Indian electric vehicle manufacturer, with an intriguing twist of Elliott Wave theory for market insights. Before we dive into the waves, here's some background: Ward Wizard Innovations & Mobility Limited is a publicly-held electric vehicle manufacturing company based in India. It's dedicated to producing eco-friendly electric scooters and vehicles. Not just in India, but its impact extends to countries like Uganda and Nepal. Now, back to the chart and Elliott waves: Recently, the stock witnessed a substantial decline from January 2022 to July 2023, followed by a period of consolidation. Going back to its origins in May 2015 up to July 2021, we identify a significant wave ((1)), marking a robust upward trend. This was followed by wave ((2)), an Expanded Flat correction (A)-(B)-(C) in blue. Wave ((2)) concluded near 161.8% of wave (A) as wave (C) of ((2)). Now, the exciting part: The best possibility is that we're currently experiencing a significant wave ((3)), known for bringing about robust upward momentum. This wave holds the potential to surpass previous all-time highs. Elliott Wave theory is a captivating tool, helping us understand market psychology and forecast future price movements based on wave patterns. Remember, there's a crucial detail: We've set an invalidation level at 33.20, representing the low of July 2023. If prices drop below this level, it might indicate a different wave scenario. Conclusion: Our analysis hints at the potential for a strong bullish wave ((3)). Markets are full of surprises, and risk management is your best companion on this journey. 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 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.
BSE:WARDINMOBILong
by RK_Chaarts
25
Elliott Wave Analysis of Tega Industries ltdWelcome to our fascinating journey through the Elliott Wave theory as we analyze Tega Industries. What Tega Industries does? Tega is a global leader in designing and manufacturing of 'critical-to-operate' consumables for the mining, mineral processing and material handling industries. The company founded by Mr. Madan Mohan Mohanka in 1976 is a multinational corporation headquartered in Kolkata, India. Sources - Google Let's dive into the world of waves From the starting and up to August 2023, we've seen waves 1, 2, and 3 paint the canvas of price movements. Then, in late October 2023, wave 4 appeared, like a brief intermission. Now, the thrilling part is, It seems we're in the process of unfolding wave 5. Think of it as the grand finale, often pushing prices to new heights. In this case, it could even break past previous all-time highs. Unveiling Elliott Wave Theory What makes this theory intriguing? Elliott Wave theory is like reading the hidden story of markets through patterns. It's about understanding the psychology of crowd behavior in trading. The Big Picture Here's the bigger picture: Waves 1, 2, and 3 brought us up, reflecting the excitement of a new trend. Wave 4 provided a necessary pause. Now, we're in wave 5, signaling the potential for even more upward adventure. The Takeaway In a nutshell, our analysis hints at potential gains. But always remember: Markets are full of surprises, and risk management is your best companion on this journey. As with any adventure, do your homework, and prepare for twists and turns in the market's storyline. 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 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:TEGALong
by RK_Chaarts
3
ICOMDEX & MCX CRUDEOIL – Bigger Picture AnalysisICOMDEX CRUDE OIL Timeframe: Monthly It is the ICOMDEX monthly timeframe chart where the price has started a new impulsive cycle from the low of 1270. The price has broken out 20 & 50 Exponential moving averages. RSI is snowing bullish momentum with a 56.97 level. Wave formation and Fibonacci relationships: Wave (2) retraced 38.2% of wave (1). Wave (3) is a power-extended wave with 3.618% Fibonacci extension. Wave (2) is trading above the starting point of wave (1) Wave (4) retraced 61.8% of wave (3). Wave (4) hasn’t entered the price territory of wave (1) and has formed a complex correction of W-X-Y. Crude oil has accomplished the complex correction and marked evidence by breaking the descending channel of the corrective structure. According to the Elliott wave principle, an impulsive cycle can only be confirmed by breaking out the sub-wave X of the previous correction. If the price breaks out wave X, traders can see the following levels: 10550 – 11500 – 12744+ . Not having confirmation will be the confirmation of the continuation of the corrective phase. MCX CRUDE OIL Timeframe: Weekly As we can see on the above chart, we are getting a similar structure, and mainly the confirmation. ICOMDEX & MCX CRUDE OIL can be a comrade to confirm each other, just like we used to compare Dow Jones with other indices. If the price breaks out 7657 , traders can trade crude oil for the following targets: 8200 – 8950 – 9950+ . We still need to look at the lower timeframe to connect the worm’s-eye view(Micro picture) with the given eagle view.
MCX:MCXCRUDEX
by forextidings
5
BankNifty Irregular Triangle- What's Next After the 44710 Peak?Good Morning WaveTalkers! Before today's market sprung into action, just 15 minutes pre-start, we shared some insights. And guess what? The market performed its magic ! 🎩✨ 📌 Highlights : - The Index almost mirrored yesterday's high, stopping a hair's breadth away at 44693 from the 44710 peak. WOW! 😲📈 - Now, the million-dollar question: Will the fall conclude around the 44425-44450 region? And most importantly, can we maintain above the critical 44400 mark? 📌 Let's Break It Down : - If the last leg completes its descent, maintaining above 44400, this could potentially outline an Irregular Triangle. Irregular Triangle : - What's with the Irregular Triangle? In these patterns, the second wave (Wave-B) surpasses the starting point of Wave-A, giving it a unique structure. - For the magic of this pattern to manifest, it's crucial that we don't dip below the presumed Wave-D low of 44400. 📌 What's Expected? (Trading Strategy) - If the Index halts its fall near 44400, a sharp northward surge towards 44700 might be on the horizon. - Beyond 44755/44760, the Index might leap to the 44925-45000 range. But beware, this zone is a potential resistance. And seasoned traders know - support is where we buy, and resistance is where we sell! Remember, at WaveTalks, we don't just observe the market; we listen to its whispers. We translate its complex language, making it simple for you. With us, you're not just watching the waves; you're riding them! 🌊✨ Disclaimer : The views expressed are purely analytical and not a call to action. Always consult with your financial advisor before making any trading decisions. Stay tuned, stay sharp, and keep riding the waves with WaveTalks! 🌊✨🎉
NSE:BANKNIFTY
by WaveTalks
8
BankNifty - Rising Wedge Drama Unfolding (Careful at Tops 46310)Hello WaveTalkers As we approach the close of this trading week, we're spotting some intriguing patterns in the BankNifty Index. Wedge Drama Unfolding? - Without giving away too much, there seems to be a rising wedge forming at the current highs. - This might hint at a potential move towards a 45299 downside target. Trading Strategy Once Index falls below 46000 - It will confirm the downside bias but careful as it is weekend & consult your financial advisor before taking any trades Next Steps - As always, we're here listening to the whispers of the waves, guiding you to make informed decisions. - Before making any trades, do consult your financial advisor to manage your risks appropriately. Thank you for being a part of WaveTalks. Have a great weekend and happy trading! Best Wishes WaveTalks
NSE:BANKNIFTYShort
by WaveTalks
20