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Price Action and Elliott Wave Harmony Case Study 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 the ride when you're going up. After that exciting climb, the stock took a break and dipped down to 280. We call this the "Wave (2)." It's like when the roller coaster slows down for a bit before it goes up again. What's Happening Now Right now, it looks like the stock is starting another exciting climb, which we might call "Wave (3)." In roller coaster terms, this is like the part where it goes even higher and faster. It's often the most thrilling part of the ride. Inside this "Wave (3)," there can be smaller ups and downs, like little bumps in the roller coaster track. We call these "subdivisions." They can give us more details about what's happening in the ride. Historical Correction and MACD Bullish Divergence RANE HOLDINGS LTD has a remarkable history. It reached its all-time high of 2799 in March 2018 but then experienced a significant correction, plummeting to a low of 280 in March 2020. This correction marked a staggering decline of almost 90% from its peak. Such corrections often provide an opportunity for a potential turnaround. During this challenging period, the stock exhibited a promising sign with a MACD Bullish Divergence. A MACD Bullish Divergence occurs when the stock's price makes lower lows, but the MACD indicator forms higher lows. This is a potential reversal signal, indicating that the selling pressure may have weakened, and bullish momentum could be building. Current Trading at 1200 recovered from 280 As of now, RANE HOLDINGS LTD is trading at 1200. The presence of a MACD Bullish Divergence and the stock's recovery from the lower levels indicate a shift in sentiment and a potential bullish outlook. Recent Breakouts and Support Levels In addition to the historical correction and bullish divergence, the stock has shown recent positive price action. It has successfully broken out of a horizontal resistance level on the weekly timeframe. What's even more significant is that the stock retested this same level, suggesting that the previous resistance has now transformed into support. This is often considered a strong technical signal. Also the breakout was accompanied by a good intensity of volume, indicating significant market participation and conviction among traders and investors. This increase in volume reinforces the significance of the breakout. MACD Positive Crossover In conjunction with the breakout and support transformation, the Moving Average Convergence Divergence (MACD) indicator also exhibited a positive crossover in the weekly timeframe. This crossover reinforces the bullish sentiment, aligning with the price action. Key Takeaways Elliott wave structure suggesting impulsive move towards north may be reach new all time highs with invalidation level of 280, for Long term period. The stock experienced a substantial correction, falling almost 90% from its all-time high. A MACD Bullish Divergence formed during the correction, suggesting a potential reversal in the downtrend. The stock is currently trading at 1200, indicating a recovery and possible bullish momentum. Recent breakouts and support transformation, along with strong volume, suggest further upside potential. The question is will it touch again previous all time highs ? 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:RANEHOLDINLong
by RK_Chaarts
3
Indusind Bank- 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). INVESTMENT STRATEGY: Buy on CMP 1448 , keeping SL of 1398 look for the target of 1500/1550 in the coming days
NSE:INDUSINDBK
by TradingSutra
BankNifty-Selling The Tops with Wedge: The Precise Peak 44650Hello 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 guess where they are heading? Yes, you got it right, towards the fun zone of 44300, our lower band of support we chatted about yesterday! (Precise top at 44669 - What a sight to behold!) The Rising Wedge close to 44650’s the Rising Wedge! WaveTalks spotted - this intriguing pattern early on through last idea. It’s like a see-saw that's tilting ever so slightly, warning our number friends to be ready for a possible change in the direction of their play. And guess what? Our assumption came true! The numbers took a fabulous turn, bringing a rush of exhilaration to our adventure! (A fabulous start with a cautious note from the rising wedge) Intraday Targets 44400 44300 44150 Best Wishes from WaveTalks Remember, at WaveTalks, we're always listening to the whispers of the waves, sharing the secrets of the numbers' adventurous journeys. We ask, "Can you hear it?" The Last Idea based on 109 Session Moving Average Disclaimer: Trading in financial markets comes with its risks, and one might encounter dips and turns that could result in loss. Always consult with your financial advisor before making decisions in this adventurous playground. WaveTalks encourages a responsible and informed approach to the financial adventure.
NSE:BANKNIFTYShort
by WaveTalks
31
BankNifty-The Magical Playground of WaveTalks: 109 SessionHey 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 down. They climbed so high, almost reaching the sky, but then they swooshed down really fast, just like going down a giant slide! - bounce of 200 points & reaching the 1st target at 45790’s - actual high was 45782 - Wow!!! - What a fall, Resistance of 109 session moving average. Later Fall of 2000+ points close to our target of 43345 - Actual low was approx 43600 Chapter 2: Trampoline Fun In August, our numbers found a magical trampoline where they bounced happily, going "boing, boing, boing" between two special numbers: 43940 and 44000. It was so much fun watching them bounce up and down! ( Taking support of 109 session moving average - What A mysterious X-wave bounce for 500+ points) Chapter 3: X-Wave's Secret As we moved to the end of August, we met a friendly wave called X-Wave. It whispered a secret to us: "If the numbers stay above a special spot, they can jump up even higher!" And guess what? On the first day of September, the numbers did just that, they jumped up like they were on a bouncy castle, making everyone cheer with joy! ( finally bouncing above 43900-44000- same old zone support of mysterious X-wave & 500+ points bounce repeated again) Chapter 4: The Magic of 109 session Moving Average Now, here's where the magic happens, friends! There's a magical number - 109. It's like a magic wand that helps us understand where the numbers might go next. Right now, the numbers are playing in a special area between 44300 and 44450, and guess what, it's been 109 session, since they started playing here! ( could act as support zone once again like how it provided support to Mysterious X-wave ) Intraday Moves If they continue to play nicely in this area, they might climb up a tall ladder to a new fun spot at 44650. And if they are really happy there, they might even climb a little higher to 44750, where they can see the whole playground from above! What Happens Next? Well, little adventurers, now we wait and watch. If the numbers play happily at 44750, they might go even higher, just like flying with balloons. But remember, sometimes they might also come down to try a new slide or swing. That's the fun part, we never really know, but we can always guess and have fun watching them play. Best Wishes from WaveTalks So, are you riding these waves with us? At WaveTalks, we say, "Can you hear it?" Disclaimer: Trading in Financial markets is risky, and one could lose part or all of their invested capital. Always trade based on the advice of your financial consultant.
NSE:BANKNIFTYLong
by WaveTalks
2
BankNifty: The Journey Continues Post Mysterious X-Wave (Buy) 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 significance of the 44000 mark can't be stressed enough. It stands as not only a psychological barrier but also a critical structural support. At the time of penning this update, BankNifty is maintaining its grace above this level at 44065, showcasing its resilience amidst market volatilities. The Immediate Roadmap The zone between 43900 - 44000 is paramount. A strong foothold here can act as the springboard for the index. ( Avoid Trades Below 43900 ) 1. Initial Target: If the index continues its momentum and remains adamantly above 44000, our immediate upside target stands at 44178. A decisive push past this can pave the way for higher peaks. 2. The Big Play: Should BankNifty rise and hold firm between 44180 - 44200, this would be the cue for bullish sentiment. In such a scenario, we are looking at an optimistic run towards 44400 and potentially even further. To Sum It Up The next phase of this thrilling journey hinges on these crucial levels. As always, it's imperative to have a tactical approach. Ensure your strategy is tight, stops are in place, and you're ready to pivot based on the index's behavior. Remember These levels and strategies are a mere guideline. The dynamic nature of financial markets can sometimes be unpredictable. Always ensure to consult with your financial advisor and make informed decisions. Disclaimer Trading in Financial markets is speculative and involves substantial risks, including the risk of loss. Always trade based on the insights and advice from trusted professionals. Stay Tuned, Ride the Waves, and as always, Listen Closely. Can you hear it? Warm Regards, WaveTalks
NSE:BANKNIFTYLong
by WaveTalks
6
Bullish Outlook as per Possible Elliott wave counts of Zinc mcxHello 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), (ii), (iii), and (iv) already completed. The ongoing sub-wave (v) is in progress, and the analysis considers the invalidation level for this count as the low of wave (iv) at 219.55. Based on the Elliott Wave analysis, a potential long trade setup is identified with the following parameters: One can enter a long position in Zinc Future at the current market price. Set the stop loss at 219.50, slightly below the low of wave (iv). Consider a possible upside target around 230 or higher. 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. Analysis is for informational purposes only and should not be construed as financial advice or a recommendation to trade. Trading in financial markets involves significant risks, and past performance does not guarantee future results. Always perform your due diligence, seek professional advice, and carefully consider your risk tolerance before making any trading decisions.
MCX:ZINC1!Long
by RK_Chaarts
NSE HEROMOTOCO: Are Bulls Strong Enough to Sustain Impulse?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 HEROMOTOCO has formed an impulsive cycle after an extreme low. In this case, the security is trading above the 20,50, 100, and 200 EMAs, which indicates that the bulls are in control. The formation of wave two was a running flat which retraced 0.618% of wave (1) at 2795. The third wave was an extensive wave that extended 3.618% of wave 1. Wave 4 has formed a double zigzag formation with wave W-X-Y, in which wave W was a zigzag, and wave Y is an expanding triangle. The retracement of wave (4) is 0.382 of wave 3. Currently, the price has broken out and traded above wave d, which signals that the big move is about to unfold. Corrective structure always holds by either wave X or B-D trendline in expanding triangle. The price can take a retracement if the demand is growing with low volume. If the price breaks out at 3131, traders can initiate a long position for the following targets: 3167 – 3210 – 3260+ . The setup will be invalid after the breakdown of wave e. Target measurements: 100% Reverse Fibonacci of the 4th wave at 3208, and 38.2% extension of wave 1 through the 3rd wave at 3212. 50% Fibonacci extension of wave 1 through 3rd wave at 3261. Nearby high of wave B at 3167. We will update further information soon.
NSE:HEROMOTOCOLong
by forextidings
2
CAMS Stock: Still in Correction, Wait for Wave 5 to CompleteNSE: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 new uptrend. The Elliott Wave Theory is a technical analysis tool that uses wave patterns to predict future price movements. The theory states that stock prices move in five waves, with three waves up and two waves down. The waves are labeled as A, B, C, and so on. In the case of CAMS, the stock has completed wave 3 of the current correction, which is a downtrend. Wave 5 is yet to complete, and it is expected to be a downtrend as well. The Fibonacci level of 0.618 is a common support level, and it is likely that the stock will reach this level before it starts to rally again. Therefore, investors who are interested in buying CAMS stock should wait until it reaches the Fibonacci level of 0.618 before they buy. This will help to ensure that they are buying the stock at a good price.
NSE:CAMS
by Ajay7871
3
An Analysis in Harmony Top-Down Approach chart studyHello Friends, Today, we have something special in store as we take a top-down approach to analyze a specific stock - Tata Communications in the world of trading. By employing this multi-time frame method, we'll be diving into various charts, starting from the big picture down to smaller timeframes. Before we begin, please remember that trading carries risks, and past performance does not guarantee future results. The analysis we're about to discuss is for educational purposes only and not financial advice. Alright, let's kick off our analysis with the big picture - the monthly chart of Tata Communications. Here, we've identified an exciting Elliott wave count - the third wave of the fifth wave. According to Elliott wave theory, markets move in a series of five waves in the direction of the main trend, followed by three waves in a corrective direction. The third wave is well known for its strength and often the longest in a trending market. So, on the monthly chart of Tata Communications, we're witnessing this powerful third wave within the fifth wave, indicating potential significant moves ahead for the stock. Next, we'll move down to the weekly chart to gain more insights. On this timeframe, we observed a thrilling development - the "inverted head and shoulders" pattern. This pattern aligns perfectly with the larger Elliott wave count on the monthly chart, supporting the idea of a trend reversal and a potential new uptrend for Tata Communications. Finally, we'll zoom in even closer to the daily chart. Here, we have another intriguing pattern - a "flag and pole" pattern in the forming stage. This daily pattern further reinforces the notion of an upcoming bullish move for Tata Communications, in line with both the weekly inverted head and shoulders breakout and the monthly Elliott wave count. On daily time frame Flag and pole chart patterns, flag in formation and still breakout is pending By utilizing the top-down approach, we've gained a comprehensive understanding of Tata Communications' potential direction. The monthly Elliott wave count provided us with the big picture, the weekly inverted head and shoulders confirmed the trend reversal, and the daily flag and pole pattern hinted at a continuation of the upward movement for the stock. But remember, trading involves risks, and there are no guarantees. So, it's essential to approach it with caution and use risk management strategies to protect your capital. In conclusion, we've taken a top-down approach to analyze Tata Communications, considering the monthly Elliott wave count, the weekly inverted head and shoulders breakout, and the daily flag and pole pattern in the forming stage. Keep a close eye on these patterns and the stock's price action, and remember to trade wisely and make well-informed decisions. 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. Thank you for joining us on this exciting trading journey ! 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:TATACOMMEducation
by RK_Chaarts
23
View on L&T Finance.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 management. Financial Performance L&T Finance Holding's financial performance has been strong in recent years. In the fiscal year 2022, the company generated revenue of ₹25,416.63 crore and net profit of ₹416.93 crore. L&T Finance Holding's revenue has grown at an average annual rate of 10% over the past five years. The company's net profit has grown at an average annual rate of 15% over the past five years. Competitive Landscape L&T Finance Holding faces competition from a number of other NBFCs in India, including HDFC Bank, ICICI Bank, and Axis Bank. However, L&T Finance Holding has a strong brand and a loyal customer base. The company also has a strong financial performance and a bright future. Future Performance L&T Finance Holding is expected to continue to grow in the future. The company is investing heavily in new products and services, such as digital lending and wealth management. L&T Finance Holding is also expanding its international presence. The company is well-positioned to continue to grow in the years to come. Recommendation I recommend buying L&T Finance Holding stock. The company has a strong financial performance, a competitive advantage, and a bright future. I believe that the stock is undervalued and has the potential to generate significant returns for investors. Financial Ratios Here are some financial ratios for L&T Finance Holding: Price-to-earnings ratio (P/E ratio): 10.5 Price-to-book ratio (P/B ratio): 1.5 Return on equity (ROE): 18% Return on assets (ROA): 1.5% Debt-to-equity ratio: 0.5 These ratios indicate that L&T Finance Holding is a relatively undervalued stock with a strong financial performance. The company has a low P/E ratio, a low P/B ratio, and a high ROE and ROA. The company also has a low debt-to-equity ratio, which indicates that it is financially sound. Here are some Technical ratios - RSI value: The RSI value is currently at 65, which is above the 50% mark and indicates that the stock is overbought. This could mean that the stock is due for a correction in the near future. MACD: The MACD is currently in a bullish trend and is above the signal line. This is a positive sign and indicates that the stock is likely to continue to rise in the near future. MFI: The MFI is currently at 75, which is above the 80% mark and indicates that the stock is overbought. This could mean that the stock is due for a correction in the near future. Elliott Wave Theory According to Elliott wave theory, L&T Finance Holding is currently in an uptrend. The stock has broken out of a previous downtrend and is now moving up in minor wave 3. However, the stock is still in correction as per weekly timeframe or intermediary wave. This means that the stock could still experience some volatility in the short term. However, I believe that the stock is still a good investment and has the potential to continue to rise in the long term. Conclusion L&T Finance Holding is a well-managed NBFC with a strong financial performance and a bright future. The stock is currently undervalued and has the potential to generate significant returns for investors. I recommend buying the stock for the long term.
NSE:LTFLong
by Ajay7871
Interesting Chart Pattern of NiftyToday 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 of the channel and fall from that level. What is your view? Please leave comments.
NSE:NIFTYLong
by kaushikwbslg
SRF Ltd. Possible Elliott wave counts, looks corrective phaseHello 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 unfolding wave C which should come as in five subdivisions as a 1-2-3-4-5, in which we had finished 1-2 and now possibly we are in 3 of C, Overall, as per Elliott wave structure, bias are bearish in this stock, with Invalidation level of price crossing above 2636. which may give good lower levels in upcoming weeks. Still there is a support area shared and discussed in this video post which is horizontal support zone, once its broken then for bears, but it can provide support also, so be cautious, Some significant snap shots are shared below, please go throughout once. 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. MACD Negative crossover in Daily time frame MACD in weekly making lower high and now in down tick position MACD in monthly already running Negative RSI on daily down tick and broken trendline support RSI on weekly breakdown as head n shoulder pattern and also broken support trendline Price closed below 20DMA and also challenging lower Bollinger band on daily 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:SRFShort
by RK_Chaarts
10
MAINFRA trade set based on possible Elliott wave countsHello 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 investing. I am not responsible for any kinds of your profits and your losses. Some significant snapshots are shared below, please go throughout. Thanks RK💕 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...! 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:MAINFRALong
by RK_Chaarts
2
Apollo Hospitals possible Elliot wave countsHello Friends, Here we had shared possible Elliott wave counts of Apollo Hospitals, in which price has given breakout along with good intensity of volumes in daily time frame, as per Elliott wave structure, chart says that either we are in impulse or in correction, in both scenarios we have to go towards north direction first then whatever may be, as per Elliott wave structure, if we are in impulse then we should have to unfold it as wave (1)-(2)-(3)-(4)-(5) in which we already had completed wave (1) and (2) and currently we are unfolding wave (3), and in other scenario, means if we are in correction phase, then we should have to unfold it as wave (A)-(B)-(C) in which we had completed wave (A) and (B), and currently we are unfolding wave (C), So whatever scenario it may be, at least we are first going towards (3) or (C). In this study whatever major trend may be ahead, at least we can enjoy this little upward bull run as a wave (C) or wave (3) Now in wave (C) or (3) we have completed wave 1 and 2 and currently we are unfolding wave 3, also in wave 3 we have completed wave (i) and (ii) and currently we are unfolding wave (iii). Overall, we are in (iii) of 3 of (C) or (3). 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. Some significant snapshots are shared below, please go throughout. Thanks RK💕 Price has given Breakout along with good intensity of volume and RK's Magical cloud suggests same bullish bias in daily Price above daily upper band Price above weekly upper band MACD in daily positive MACD in weekly positive along with breakout in histogram RSI positive above 60+ in daily DMI ADX positive in daily DMI ADX positive in weekly 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...! 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:APOLLOHOSPLong
by RK_Chaarts
2
SOMICONVEYOR Elliott wave counts along with cup n handle Hello Friends, Here we had shared possible Elliott wave counts on SOMI CONVEYOR BELT in which wave structure is clearly indicating impulse up move ahead, along with cup and handle chart pattern breakout, which is itself a fresh bullish signal. 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...! 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:SOMICONVEYLong
by RK_Chaarts
RBLBANK possible Elliott wave countsHello Friends, Here we had shared possible Elliott wave counts of RBLBANK, which is suggesting Bullish bias ahead, and chart itself says everything, some significant snapshots are shared below, you can go throughout. Thanks Elliott wave counts on chart Breakout with good intensity of volumes on daily chart MACD positive crossover in daily chart MACD uptick and near to positive crossover in weekly chart RSI uptick and above 60+ in daily chart Price above upper bands in daily RK's Mass psychological cloud suggesting bullish bias DMI ADX i positive in daily 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...! 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:RBLBANKLong
by RK_Chaarts