NSE:LUPIN has just completed wave 1 which was a leading diagonal, with deep corrective wave 2 almost 0.236 of fibo retracement and also healthy volume built-up which looks good to buy, with Sl of 594 and Target of 733 , 881 .
#banknifty weekly time frame hammer pattern formation Much-needed correction looks over in the market and we are heading back to ATH. If you don't do fishing in muddy water, then forget about creating wealth. Regards, SG
This 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...
This 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...
This 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,...
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...
#banknifty view for 10th Aug'22:- Absolutely no weakness in the market, any dips must be utilized to build long positions. Live analysis free during market hours @ in.tradingview.com #Elliottwave Regards, SG
#banknifty positional view based on weekly time frame analysis:- Wave 4 corrections ( triple combo zig zag) seem to be over and Wave 5 has started, which gives an excellent target on the upside. Use every dip to go long, hopefully, we will have dhamaka Diwali this year. Regards, SG
Stock has come up with its first leg as an impulse. After that stock has gone into a considerable corrective price action. The current structure suggests that stock is ready to move up for another impulsive leg. TRADING STRATEGY: STOVEKRAFT: BUY ON CMP (583) SL: 540 TGT: 625/650
Theory: 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...
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...
NSE:MOTHERSON is in Correction wave ABC but in smaller TF its moving up and can retrace till the channel.
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 ...
Overall 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...
Elliott 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...
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)) ...
As per Elliott Wave Theory TVC:SPX will be able to give a relief rally for 4th wave and then 5th wave ideally should start.
This 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...