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Elliottwaveforecasts

Elliot Wave Analysis of Nifty 50: 15 min chartThis is further to my analysis on 23rd August, 2022, where I tried to analyse the index on all time frames. The wave (a) was corrected by almost 38.2% to 17626.55 level. The price further went down to 17499.25 making a 3 wave structure and then extended the wave (a) correction to 17726.5 making wave (b) as complex correction w-x-y. Wave (b) seems to be completed at this level which is approx 61.8% correction of wave (a). In last one hour of trading hours, index went down sharply to 17487.45. It seems to be the start of wave (c) which may be expected to go down till 17178.8 that is 38.2% correction of wave iii of one higher order. We can expect the current price movement as wave (c) as long as it doesn't go above end of wave (b) i.e. 17726.5. Note: This is for educational purpose only, do not take it as an investment advise. Consult with your advisor before investing.
NSE:NIFTYShort
by Epic_Elliot
2
BEL Bharat ElectronicsThis stock has given breakout with good intensity of volumes, also RK's mass psychological cloud suggesting upside along with buy signal. Overall wave structure is showing that we are in impulse only, In pandemic situation also this stock has not gone too low, it has been out performer and making higher highs and higher low structure. After completing wave 1-2 now we are in wave 3, and inside wave 3 we had completed (i)-(ii)-(iii)-(iv) and now we are in (v) it looks consolidation in wave ii of (v) has been completed and now possibly we are unfolding wave iii of (v) of bigger degree wave 3. however, iii can unfold at 284 areas. On the way down, the recent swing low can provide a good support to watchout for upcoming days, which is pegged at 223.80. All indicators are also suggesting to go long for ride towards north. Overall wave structure looks like this Breakout on daily chart, with good intensity of volumes RK's mass psychological cloud in buy mode in daily time frame, along with running in buy signal activated, along with breakout. price challenging upper Bollinger band in daily time frame Macd in daily positive and uptick above zero line Macd in weekly uptick above zero line dmi adx in daily time frame both aligned positive RSI breakout on daily chart and now uptick above 60 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:BELLong
by RK_Chaarts
4
Bharat ForgeThis stock has given breakout of typical triangle chart pattern on daily chart, along with good intensity of volumes, this triangle pattern is typically seen at the end of complex correction in wave Z. As per wave structure also it is showing same scenario fitting well, overall if it gives up move as a retracement only up to 61.8% of last fall since November 2021, then we can see 751 levels on up side, on the way down 20DMA and RK's stop line are support areas which are currently pegged at 656 and 660 and major stop loss is last swing low of 630 to watch out for upcoming days. breakout with good intensity of volumes Macd histogram breakout, along with macd positive uptick above zero line, on daily chart Macd positive crossover in weekly chart price closing above 20wma price in daily chart trying to create momentum towards north RSI uptick and crossing up 60 in daily chart dmi adx positive strength on daily 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.
NSE:BHARATFORGLong
by RK_Chaarts
7
Elliott wave theory on Nifty50 (SHORT FOR SMALL TIME)Nifty 50 achieved the final target (nearly) as per the target of Expended ending diagonal in the form of ABC wave. The ABC move was very sharp. 0-2 and 2-4 trend lines breakout clearly visible, but the major 4th wave high is still not broken. Here i have drawn new 0-B trend line (BLUE COLOR) may decide the further movement in long term. Lets see the scenarios related with the trend line. Scenario 1- If the upcoming wave (may be 4th wave) breaks the 0-B trend line - Bearish control. - Scenario 2- If the upcoming wave (may be 4th wave) respects the 0-B trend line - Bullish control. ******RSI diversion is noticeable****** Disclaimer- I am not SEBI registered analyst, all post for educational purposes, no claim rights reserved, please take advice from your financial advisor before Investing any trade, we are not responsible for any profit or loss.
NSE:NIFTYShort
by PRAFULSINGH
4
IRCTC: Case of ENDING 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 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 sturcuture) TRADING STRATEGY: Buy IRCTC with SL of 557 and look for the upside targets of 700-710
NSE:IRCTCLong
by TradingSutra
18
Naukri.com An Elliott wave View [1W]Going through the chart of Naukri.com, I observed that it has perfectly played an impulse upside. The Chart is very beautiful and stock run as per the Elliot wave Rules and Regulation and also Respects Fibonacci Series/Ratios. We have completed the 5 impulsive waves in Naukri.com(weekly chart) and we have given it a cyclic number and it is correcting in cyclic wave , whose "A" part seems has completed and currently in B wave upside that has a target of around 5000-6000 roughly. Existing Longs can be hold for the above target and New buying can be initiated near 2880-2900 levels. This is not a trading/investment advice, pls consult your financial advisor before any trade activity. Please follow/Like if the chart is worth it. Thank you.
NSE:NAUKRILong
by imkhushal
NIFTY FORECAST Hello Friends, As per #elliott #wave count #nifty will go down side first 15900 to 15800 at (X) after that up side near 16700 A and then B 16200 and C will be 17100 and then after we can see larger correction till 15000 - 14800- 14500- 14300. Grand Super Cycle : ((I)) (((II)) ((III))((IV))((V)) ((a)) ((b))((c)) ((w)) ((x)) ((y)) Super Cycle : (I) (II) (III) (IV) (V) (a) (b) (c) (w) (x) (y) Cycle : I II III IV V a b c w x y Primary : ((1)) ((2)) ((3)) ((4)) ((5)) ((A)) ((B)) ((C)) ((W)) ((X)) ((Y)) Intermediate : (1) (2) (3) (4) (5) (A) (B) (C) (W) (X) (Y) Minor : 1 2 3 4 5 A B C W X Y Minute : ((i)) ((ii)) (( iii)) ((iv)) (( v)) (( a)) ((b)) ((c)) ((w)) ((x)) ((y)) Minutte : (i) (ii) (iii)(iv)(v) (a) (b) (c) (w) (x) (y) Subminutte : i ii iii iv v a b c w x y
NSE:NIFTY
by TRADEWITHKIRAN
COPPER - Elliot wave countsOverall Elliot wave counts on daily 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.
FX:COPPERShort
by RK_Chaarts
Nasdaq Elliott wave structureElliott Wave view in Nasdaq suggests the decline to 11035.20 ended wave (3). Wave (4) corrective rally ended at 12225.70 with internal subdivision as a wave A-B-C in a zigzag pattern. Final leg higher wave C ended at 12225.70 which also completed wave (4). The Index has turned lower in wave (5), but it still needs to break below wave (3) at 11035.20 to rule out a double correction. Internal subdivision of wave (5) is unfolding as a 5 waves impulse structure, where wave 1 completed near 11400, Now wave 2 rally is in progress to correct cycle where wave ((a)) and ((b)) had already ended and now wave ((c)) of 2 to end soon and Index to turn lower. Should sell on rise, On the way upside Invalidation level is pegged at 12230, and RK's stop line on daily chart can also be a hurdle to go up side, which is pegged at 12070, On closing below 20DMA can show more weakness, which is now pegged at 11621, Once its gone then more journey towards south can start, towards 11500, 11394, 11291, 11145, 10959, 10729 and 10441 too. Overall wave structure along with all the key levels 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.
SKILLING:US100Short
by RK_Chaarts
NIFTY ELLIOTT WAVE FORECAST #nifty Hello Friends, As per NIFTY ELLIOTT WAVE COUNT Theory #NIFTY can go up to 16200 to 16390 level and as per #elliott wave count we can short near 16200 to 16390 zone for the #target of 14500 to 14300 level down side. Happy trading. Elliott Wave Labelling Cycles : Grand Super Cycle : ((I)) (((II)) ((III))((IV))((V)) ((a)) ((b))((c)) ((w)) ((x)) ((y)) Super Cycle : (I) (II) (III) (IV) (V) (a) (b) (c) (w) (x) (y) Cycle : I II III IV V a b c w x y Primary : ((1)) ((2)) ((3)) ((4)) ((5)) ((A)) ((B)) ((C)) ((W)) ((X)) ((Y)) Intermediate : (1) (2) (3) (4) (5) (A) (B) (C) (W) (X) (Y) Minor : 1 2 3 4 5 A B C W X Y Minute : ((i)) ((ii)) (( iii)) ((iv)) (( v)) (( a)) ((b)) ((c)) ((w)) ((x)) ((y)) Minutte : (i) (ii) (iii)(iv)(v) (a) (b) (c) (w) (x) (y) Subminutte : i ii iii iv v a b c w x y
NSE:NIFTYShort
by TRADEWITHKIRAN
ITC breakout with volume and Elliot wave countsThis stock has been under performer most of times, but now the way chart is formed is a good sign for bulls, now it may do out perform against market also. On daily time frame it has given good breakout along with good intensity of volumes, also trend indicators and oscillators are in favor to go long, Overall wave structure is also suggesting same bias as a bullish views. Some highlights are shared below as a snapshots. Breakout with good intensity of volume on daily chart Wave counts and all the key levels are mentioned on chart, along with stoploss and targets. MACD in weekly positive above zero line MACD in daily positive, uptick and above zero line RSI breakout on daily along with uptick above 60 & 70 levels RK's mass psychological cloud and RK's stop line both are suggesting to go long Price is above upper Bollinger band in daily chart, good momentum can be seen ahead DMI and ADX in daily chart both are in favor to go long, both are positive 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:ITCLong
by RK_Chaarts
2
LTI - Elliot wave structure of LARSEN & TOUBRO INFOTECHLTI is showing wave structure like, either larger wave A-B-C is done and now deeper retracement is possible as a wave X, or after wave 1-2-3 is done and now possibly in wave 4, where wave A-B is done and now wave C is unfolding. This stock can see good pullback towards north direction nearly above 4600 where wave C would be equal to wave A, on the way down 4000 and 3897 would be a crucial support levels to watch out for. All other trend indicators are also allowing to go long with mentioned levels on chart, RK's mass psychological cloud has confirmed buy signal on hourly chart along with support of RK's stop line which is good enough to rely on as always. Overall wave structure on daily chart price entered in RK's mass psychological cloud, along with RK's stop line support EMA's positive golden cross done on hourly chart Price closed above previous closing based highs on hourly chart macd positive crossover on hourly chart macd already in positive crossover and now uptick on daily chart RSI uptick and now its above 60 levels on hourly chart RK's Momentum is also positive crossed on 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.
LLong
by RK_Chaarts
5
NIFTY OVERALL WAVE STRUCTUREHere is possibilities of what does Nifty overall wave structure says. 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:NIFTY
by RK_Chaarts