Get started

Elliottwaveforecasts

Adani Green Energy possible Elliot wave counts (Investment pick)Hello Friends, here we had shared possible elliot wave counts of stock Adani Green Energy, which is clearly showing that this stock has completed full corrective wave cycle as ABC of bigger degree (2), after completing full impulse wave cycle as 12345 of bigger degree (1), while completing correcting wave, it had formed zigzag correction pattern as ABC of larger degree wave (2), in which it clearly showing that equality of wave A and wave C is coming at 1175 and 161.8% level of wave A is coming at 307.10 level, which can be used as Invalidation level for Longs. Well, this stock has fallen from 3050 levels to 439 levels which is almost 85% sudden correction from highs, also wave counts are suggesting that possibly corrective counts has unfolded and possibly completed, So one can go long at current levels or in dips (if any) along with stop loss of invalidation level of 300. and as per wave principles wave 2 can never retrace more than 100% of wave 1, and that level is pegged at 22.80 which is all time low of this particular stock as per chart. also if it hold above invalidation levels then this can be investment pick and if it starts journey towards north direction then wave 3 can show new all time highs for long term prospectives only. 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. Thanks. 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. 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.
NSE:ADANIGREENLong
by RK_Chaarts
8
PVR: HEAD AND SHOULDERAfter breaching the all time high of 2086 formed on Feb'2020, stock is correcting lower in a Complex-Corrective-Wave - WXY structure. Stock is already concluded its Wave-X at the high of 1925 and currently unfolding into Wave-Y of which wave-b is taking a formation of a Bearish Triangle . The measured target where Wave-W becomes equal to Wave-X is coming in the region of 1420. As per the conventional chart pattern stock is also forming a Head and shoulder pattern whose neckline is in the region of 1620-1590. A breakout below the neckline should add more credence to the pattern. The measured target for the pattern is coming in the region of 1200. Stock is also trading below its 200 EMA and currently facing a resistance on the upper boundary of the parallel channel drawn from the Aug'22 high of 2214 and connecting the Dec'22 high of 1925. Trading strategy: Sell 1655-1660 keeping SL of 1770 look for the downside targets of : Tgt1: 1440-1420 Tgt2: 1350 Tgt3: 1245
PShort
by TradingSutra
6
FORCE MOTORS possible Elliot wave countsHere we had shared today possible Elliot wave counts of Force Motors ltd, on daily time frame, as per Elliot wave structure its clearly showing that we are in correction phase after impulse started from bottom of pandemic period of march 2020 and completed wave 1 till swing high of November 2021, well, if this phase was a fresh impulse as a wave 1, then currently we are in correction phase which had been unfolded as a zigzag pattern 5-3-5 subdivisions like (A)-(B) and now possibly we are in wave C, where we can say that of bigger degree wave 2 will be completed along with wave (C), now wave (C) should unfold in 5 subdivisions, in which we had completed wave 1 and now possibly we can retrace wave 2 as a contra trend. currently it may go bit upside as wave (a) - (b) and (c) inside of wave 2, which should not cross high of 1585 levels, and may turn down again to complete wave 3 - 4 and 5 of wave (C) of bigger degree wave 2. On completion of wave 2 one can go long in this with invalidation level of 591 for targets above 1700 - 1800 and more. In both upside and down side invalidation levels are mentioned on chart, if they breaches then we can assume that our study is missing something. Thanks. 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. 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.
NSE:FORCEMOT
by RK_Chaarts
10
Auropharma-Portfolio Stock Getting Ready for 1000-Are You Ready?Disclaimer - " This Idea is for Educational Purpose" ----------------------------------------------------------------- Stock Has Done 6-7 Years of Sideways Correction from 2016 tops of 895 & Getting Ready for Big Impulsive Move Upside Next Holding on the parallel channel bottom & above 400 strictly. Are You Ready as a Investor. Keep watching next waves for the stock. In 2016 When I published 1st Idea on Auropharma - The Terminal Thrust & Identified the top as 895 You can check the idea on profile page - in.tradingview.com Kindly consult your financial advisor before taking any positions.
NSE:AUROPHARMALong
by WaveTalks
3
BANKNIFTY: A LEADING DIAGONALTheory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) of Elliott Wave analysis, but they may or may not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 almost all the time enters into the price territory of the wave 1. Properties Of Diagonals: Diagonals can be contracting or expanding type being expanding diagonal a rare one. In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2. In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2. Types Of Diagonals: LEADING DIAGONAL ENDING DIAGONAL LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern. 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 diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal has began. (generally it retrace back to the wave-2 of the diagonal structure) TRADING STRATEGY: Sell BANKNIFTY 41150-41300 SL: 42100 and look for the downside target of 39700/38700/37700
NSE:BANKNIFTYShort
by TradingSutra
9
SBI: IMPULSE UNFOLDINGStock is falling in an impulsive structure Dec'22 high of 529. The impulsive structure suggests that a larger correction is going to occur in the coming weeks. As per the current price action prices have already concluded its 4th wave at 557 and is now ready for its 5th wave. Alternatively prices are likely to unfold its 4th wave as Bearish Triangle which will only delay the downward trajectory. Trading strategy: Sell on cmp add on rise, keeping SL of 557 look for the target of 500/480 .
NSE:SBINShort
by TradingSutra
ULTRATECH CEMENT: A LEADING DIAGONALTheory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1. Properties Of Diagonals: Diagonals can be contracting or expanding type being expanding diagonal a rare one. In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2. In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2. Types Of Diagonals: LEADING DIAGONAL ENDING DIAGONAL LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern. 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. TRADING STRATEGY: Plan A: Buy with SL of 7147 and look for the upside target of 7600/7800 Plan B : Sell in the region of 7800-7900 keeping SL of 8150 and look for the downside targets of 7050/6600/6400
NSE:ULTRACEMCOLong
by TradingSutra
TVS MOTORS possible Elliot wave countsHere we have shared possible Elliot wave counts of tvs motors, just for educational purpose, on monthly, weekly, daily and hourly time frames, all aligned with each other, so here we are getting both side confirmation levels for next possible moves. 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. 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.
NSE:TVSMOTOR
by RK_Chaarts
PAGEIND possible Elliot wave countsThis stock has completed wave 1 of higher degree wave cycle and now definitely we are in correction as wave 2 of same higher degree wave cycle, in which we are unfolding wave A of one degree lower wave cycle, in which possibly we are in wave iii or wave c of one more lower degree, that means possibly we are in wave iii or c of one higher degree wave A of one more higher degree wave 2, so we can unfold correction pattern as zigzag or as a flat or as an expanded flat as well. This post is not for any types of tips or advisory or any type of trading ideas, this is shared just for educational purpose only 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. 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.
NSE:PAGEIND
by RK_Chaarts
2
Banknifty Timepass as Triangle formation In progressIn Elliott Wave this is referred to as Running Triangle whose final E leg pending. E could finish near 41400-350 zones in next session then break above 41680 will trigger rally minimum up to 42400. Analysis will be invalid if breaks 41250 DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:BANKNIFTYLong
by Niftydirection
BANKBARODA possible Elliot wave countsThis stock has shown almost aligned wave counts from weekly to daily and from daily to hourly and right now its in correction area of some lower degree wave counts macd on hourly chart momentum negative cross done on hourly Price under and below RK's stopline in daily Price made neutral candle under and below 20DMA in 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...! Disclaimer. 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.
NSE:BANKBARODAShort
by RK_Chaarts
23
DelhiveryThis stock has given good breakout on daily time frame along with positive divergence in RSI along with macd positive crossover. Also possible Elliott wave counts are suggesting same bias, one can go long with strict stop loss of swing low of 289.90 Overall chart along with possible Elliot wave counts macd positive rsi breakout and rsi positive divergence 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. 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.
NSE:DELHIVERYLong
by RK_Chaarts
2