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Elliottwaveforecasts

Bank Nifty - Emotional Zigzag (Weekly Outlook 9th -13th Jan2023)Disclaimer There is a very high degree of risk involved in trading. Past results are not indicative of future returns. This Video Talks About Fear & Greed - Two Visceral Emotions It is very important to control your emotions, to avoid any unfavourable outcomes for the decision made as an investor or trader in the market Settings to be applied as Author As a contributing author or following your favourite author, there are few settings to be applied in order not to miss the updates from your favourite author & vice versa. BankNifty Weekly Outlook Weekly outlook for the Index / What to be expected. Opening huge gap up for Index today @ 9th Jan2023, do not hurry up & if Index halts upside in 42650-42750 zone, look for retracement in 42200-42300 zone & managing your risk below 41900-42000 & doing your due diligence, can expect upside attempt by the index in 42800-43000 zone / above 43000 for 43200 later close by range of 43578 which is close to the parallel channel drawn from 44151 to 43578 & pulling down to connect 41597.
NSE:BANKNIFTYLong
by WaveTalks
17
USDINR multi time frame aligned Elliott wave counts analysisUSDINR possible and aligned Elliott wave structure of multi time frames from monthly to hourly. Monthly chart Weekly chart Daily chart 4 Hourly chart 1 Hourly chart 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.
by RK_Chaarts
2
HDFC: Welcome the Third Wave RallyFrom the bottom of Mar'20 of 1473 stock has rallied to 3000 odd levels in an impulsive manner which can be counted as clean impulse pattern of five distinct waves. This impulsive rise can be designated as our primary wave-1. After placing a high of 3021 in Nov'21 stock has undergone into a complex correction WXY in the primary wave-2 which was concluded in Jun'22 at the price level of 2026. Subsequently prices have bounced back and started rallying again in an impulsive manner. This rise can be assumed that stock is continuing its trend in a third wave rally. Maintaining the key level at 2026 one should remain bullish for long term investment and look for the usual third wave target of 4045 which is the Fibonacci 161.8% extension level. Investment Strategy: Buy in the zone of 2580-2630 and maintaining SL of 2026, look for the target of 4045 and later 5140.
HLong
by TradingSutra
Skipper ltdSkipper ltd, this stock is looking in good momentum on daily, weekly, and on monthly too, along with cup and handle chart pattern breakout along with good intensity of volumes too, also wave structure is suggesting bullish bias at the same time, one can go long at current levels and can add more in dips (if any), overall, its looking good candidate for longs. Whole scenario chart pattern and breakout Trendline breakout along with price challenging upper bollinger band in daily RK's Magic Buy Signal along with RK's Mass psychological Cloud also suggesting positive bias ahead wave structure is also suggesting bullish ahead Weekly upper band challenged Monthly upper band challenged Macd in daily positive uptick Macd in weekly positive uptick Macd in monthly positive crossover and uptick Rsi in daily positive uptick RSI in weekly positive uptick also breakout dmi adx positive in daily time frame dmi adx positive in weekly time frame dmi adx positive in monthly time frame 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:SKIPPERLong
by RK_Chaarts
2
Apollo tyresApollo tyres, is looking currently in good momentum upside, it has broken resistance trendline along with good intensity of volumes along with challenging upper Bollinger band, also trend indicator macd is supporting same trend right now. As per Elliott wave projection it shows possibly we are in wave 3rd of wave 5th on daily time frame, which is a cautious sign to be ready for profit booking phase in near term and be very alert to book profits at near targets, also RK's mass psychological indicator is suggesting to go long, some highlights are shared below one can go through them to understand this study. wave structure possibilities on daily chart RK's mass psychological indicator signals positive chart pattern breakout with good volumes macd in daily positive crossover above zero line macd running positive in weekly rsi breakout in daily and its uptick above 60 price challenging upper bands on daily chart dmi adx positive strenght 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:APOLLOTYRELong
by RK_Chaarts
3
SAIL steel author India possible Elliot wave countsTrend indicator macd for SAIL is turned negative now on daily time frame, also with price closed below 20DMA along with follow up seen in today's session, price retraced up to 50% Fibonacci level of recent fall and turned back towards south. Also, possible Elliot wave counts are suggesting correction is pending ahead, if our counts are going correct then price can unfold wave C of wave Y of wave 2, then we can assume for target of 50 where wave C would be equal to wave A, fingers crossed, on the way upside 88 is an invalidation level for current view. Possible wave counts on daily chart Retraced 50% of recent fall Price closed below 20DMA with followed up Weekly upper band pressuring down, once it close below 20WMA then more bearish 20WMA is now crucial support level, once it breaks then more bearish MACD in daily negative crossover RSI in daily is down tick and below 50 RSI in hourly is below 40 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:SAILShort
by RK_Chaarts
15
US OIL ELLIOT WAVE COUNTS AND BREAKOUTCrude oil is looking Bullish ahead Reasons are mentioned below Inverted head n shoulder Neckline Breakout Price taking support from RK's Mass psychological cloud and RK's stopline in daily time frame Possible wave counts on weekly chart Possible wave counts on Daily chart Possible wave counts on 4 hourly Possible wave counts on 1 hourly Price challenging upper band on daily time frame macd positive cross in daily time frame macd converging towards north uptick in weekly time frame RSI uptick above 60 in daily time frame DMI ADX positive uptick in daily time frame Price closed above 50dema, 100dema & 200dema Weekly close above 20WEMA, its also above 50 WEMA, 100 WEMA & 200 WEMA. 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.
TVC:USOILLong
by RK_Chaarts
EWT - Is EICHERMOT Forming Wave (5) Of Its WaveCycle?Timeframe: Daily NSE EICHER motors have accomplished the corrective wave (4) and started forming impulsive waves (5). The price is currently forming sub-waves of the impulsive waves (5). Wave (2) was a sharp zigzag, so wave (4) formed the choppy structure triangle. Since wave (3) was an extensive wave, we cannot expect wave (5) to extend with a high probability. Eicher motors have given a good breakout and broken out wave 2 of the triangle and impulsive wave (3). If the price sustains above 3790 , traders can trade for the following targets: 3948 -3992 - 4030+ . I will update further information soon.
NSE:EICHERMOT
by forextidings
2
NSE Bajaj Finserv - Can buyers face falling knives? Timeframe: 8h Price started to form impulsive wave C after Bajaj Finserv completed correction wave B. There is also the possibility of altering the count with W-X-Y. Wave (b) retraced 50% of wave (a), which signals intense supply pressure. If the price breaks wave (a) at 1621, traders can sell for the following targets: 1594 – 1569 – 1549 . Calculations are based on Fibonacci extensions. Price has completed 100% Fibonacci extension in wave A so that wave C could extend by 161.8% . Currently, the price has broken down to 50 EMA , and a negative closing will result in further price declines. Parallel channel throw-over is one of Elliott wave principle’s best target measurement tools. Targets will be extended in case of an extension of the trend. I will update further information soon.
NSE:BAJAJFINSV
by forextidings
5