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...
IRCTC long with stop loss given in chart as red line. One immediate stop loss and lower one is long term SL for long term targets Green lines are T1, T2 and T3 targets with obviously increasing timelines to achieve. For educational purposes. Elliot wave numbering shown, let me know if incorrect numbering done.
Hello Friends, Here is a technical case study of RANE HOLDINGS LTD. Possible Elliott wave structure Price journey is like a story told in waves. Imagine it like a roller coaster ride. It started from a small point around 40 and climbed all the way up to a super high point at 2799. This upward journey is what we call "Wave (1)." It's like the thrilling part of...
Usually 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...
NTPC 'daily t/f' Elliott Wave Counts from the low of 2020, forming triangle at hourly chart in wave (4) of the impulse starting from Corona low. More than 15% move can be expected to upside from here. Regards.
Hello All, Our tiny heroes reached a majestic peak at 44669 as per last idea published yesterday, just as we imagined in our dreams! This peak was not just a high point, it was a place where they could see the entire playground sprawling below. But as we all know, after reaching the top, there's a thrilling slide waiting! Our numbers decided to swoosh down, and...
Hey little explorers! Gather around because it's time to continue our fun adventure story with WaveTalks. You remember our big playground where numbers play like kids, right? Let's see what exciting things are happening there now! Chapter 1: The Big Bounce Do you remember the magical bounce we saw on July 30th? The numbers played on the swings, going up and...
Having journeyed with us through the enigma that was the Mysterious X-Wave, you'd be keen to know, "What's next on the horizon for BankNifty?" Having witnessed the roller-coaster oscillations between 43940 and 44779, and having dived deep into the "Magic of Centre Line Reversal," here we present the way forward. Reassessing the Ground As you've seen, the...
Hello Friends Here we had shared possible Elliott wave counts on Zinc Futures chart of mcx Elliott Wave Analysis for Zinc Future (Hourly Chart) Bullish Outlook: On the hourly chart of Zinc Future, the Elliott Wave analysis suggests that the asset has completed wave 1 and wave 2. The current price action indicates the unfolding of wave 3, with sub-waves (i),...
Nifty Aug Series Expecting Low is done today (03.08.2023) 19296 Day low is hold not closed below today low then Possibility bullish to side waves Note: Not close below day low Note:Educational purpose only .
Timeframe: 30 min Brief analysis: HEROMOTOCO has started a five-wave impulse cycle from the low of 2745.5. Price has accomplished wave Y of wave (4) and started impulsive wave (5). Buyers will have an opportunity with a captivating risk reward to ride the trend after confirmation for the following targets: 3167 – 3210 – 3260+ . In-depth analysis: NSE...
NSE:CAMS is currently in a correction phase, according to the Elliott Wave Theory. The stock has completed wave 3 of the correction, and wave 5 is yet to complete. This means that the stock is likely to continue to decline until it reaches the Fibonacci level of 0.618, which is around ₹1,863 per share. Once the stock reaches this level, it is expected to start a...
Crudeoil looks bearish for short term.going down in wave C
After a 5-waves up stock has corrected to 50%-61.8% Fibonacci retracement level and bounced back forming HH HL. Considering the rise as wave-1 and the fall as wave-2 , the current bounce is suggesting that stock is unfolding it's 3rd wave which shall take the prices towards 2230-50 zone in the coming weeks. TRADING STRATEGY: Buy near 1970 , SL: 1830 TGT: 2230-50/ 2480
Company Overview L&T Finance Holding is a non-banking financial company (NBFC) headquartered in Mumbai, India. The company was founded in 2008 and is a subsidiary of Larsen & Toubro, one of India's largest engineering and construction companies. L&T Finance Holding provides a range of financial services, including retail loans, commercial loans, and asset...
Today Nifty has shown high level of volatility, but failed to break its life-time high. I think Nifty is about to complete its major 3rd wave of the cycle. I though it would touch its upper band of the channel and reverse back from there. Clearly big players cleaverly resorted to profit booking. Tomorror it may go up and break its LT high towards the upper band...
Hello Friends, Here we had shared possible wave counts of SRF Ltd. which is clearly showing corrective phase in current scenarios, After completing impulse move as 1-2-3-4-5 now we are in correction, which is unfolding as A-B-C as a zigzag correction pattern, which should unfold in 5-3-5 subdivisions, and already we had finished wave A and B, now possibly we are...
Hello Friends, Here we have shared possible trade setup in MARUTI INFRASTRUCTURE LTD. based on possible Elliott wave counts, One can go long above 118 or below 109, with invalidation level of 99.45 for Targets of 126.75 and 140++ I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or...