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Elliottwaveideas

HDFC - Wave 5- What it could be unfolding ? - 2390 to 3000+ DoneTarget done at 2900+ for Traditional Chart Patterns. The stock rallied 25% from the bottoms of 2400 since July 2021 in running Wave-5. What could be unfolding here in wave 5? Are you ready for the next move? ---------------------------------------------------------------------------------------------------- Last Idea - HDFC- WaveTalks- Pattern, Patience & Penultimate Correction ----------------------------------------------------------------------------------------------------
H
by WaveTalks
12
HINDALCO: CASE OF ENDING DIAGONALENDING 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: One should go short on current levels keeping SL of 510 & look for the target area of 440/420/400
NSE:HINDALCOShort
by TradingSutra
KOTAK BANK : BullishEvery impulse wave follows some set of rules which we call them as SUTRAS for wave analysis. They are – 1. Wave 2 cannot move beyond the starting level of the wave 1. That means wave 2 never retrace 100 % of the wave 1. 2. Wave 3 is never the shortest one among the wave 1,3 & 5. It does not mean that it has to be the longest one. 3. Wave 4 never intervene into the price territory of the wave 1. The stock can be considered in its 4th wave & is about to complete the 4th wave very soon. One should go long on current levels with SL of 1826 & look for the targets of 2170-2200 .
NSE:KOTAKBANKLong
by TradingSutra
4
Nifty- WaveTalks: E-Wave Pending ( Rising Wedge +Critical level)From the last idea- WaveTalks: Nifty-Can Bulls Bounce Back?- The Irregular Triangle Few Adjustments done. Wave- D has been changed to 17941 Highs as discussed over the last idea. ------------------------------------------------------------------------------- Since Morning @ 8th Oct2021 - How Index unfolded ------------------------------------------------------------------------------- It could be part of the corrective structure. D-Wave could be complex correction & possibly may end as Ending diagonal (Rising Wedge) in the last part (strictly valid only below 17950) --------------------------------------------- Why 17950- is Critical level??? --------------------------------------------- Irregular Triangle B-Wave High is 17948 crossing above that level structure invalidates & has to be reviewed again. -------------------------------------------------------------------------------- As discussed in the last idea suggested above for reference. 150 + Points in the session so far achieved -------------------------------------------------------------------------------- Selling below 17950 - dropped 100 points came to 17840-17850 zone Suggested Minor Support Zone 17840-17850 - If zone holds then bounce can be expected - got the bounce to 17930+ Keep in mind the critical level - 17950 & E- Wave Pending if 17950 is protected. Thanks
NSE:NIFTYShort
by WaveTalks
19
Granuels India - Final Waves Unfolding from 2008/2009 Bottoms• Final Waves could be unfolding for the sequence which started from 2008/2009 bottoms post financial crisis • Suggesting Corrective Flat Sequence WXY from 2008/2009 Bottoms till it moves slowly & in time consuming pattern – taking this as primary or main view. • Wedge or Diagonals are Time consuming patterns which can be a possibility once more price details are available • Alternate Scenario / view- If Stock moves vertical above 600-700 zone that could be early signal that it has potential for bigger moves later but failing to cross the suggested zone will also call markets participants to be cautious at the new highs • Short Term Trading Buy in 300-325 zone with stops below 280 for Target 1- 375/380 & Above 380 for Target 2- 450/500+ or Buy Above 380 if fails to drop in 300-325 zone. • Long Term Trading Once stock has new highs possibly in 600-700 zone & fails to move further or consuming lot of time then participants have to be careful & review would be required at later stage. *** Avoid Taking Long Positions if stock falls below 280 levels *** Thanks & Best Wishes
NSE:GRANULESLong
by WaveTalks
7
Reliance- Important Support Zone 1890-1900 (Catching The BottomsMarket Commentary As suggested over the last idea - comment this morning @ 09:51 Hrs / 27th Jan2021 - 1890-1900 is the important zone - If it holds then another upside push is open & it can travel to 1975/2000/2020 --------------------------------------------------------------------------------------------------------------------------- ******** Note- Falling below 1890 which is critical level-it may retest 1835 & new low expected ************ --------------------------------------------------------------------------------------------------------------------------- Once it crosses above 2020 - upside extension can be seen to 2050-2075 where traders have to be careful Last Idea- What a top @ 2120
NSE:RELIANCE
by WaveTalks
17
Reliance- Wave-e -is it done! ( What A Top @ 1975)Last @ 1930 / 13:51 Hrs / 13th Jan2021 Re cap from last idea As suggested last- expected last leg in the triangle close above 1900- it went below 1900 & made low @ 1892 & once it started pushing upside above 1900 It touched 1950 & 1975 both the targets as suggested over last idea Plan- B - Suggested to be careful at the tops & Plan-C- Sell close in 1970-1985 but strictly consider selling only below 1985 ------------------------------------------------------------------------------- Last Reliance Idea- Triangle Extended ( Look for Wave-E Upside) -------------------------------------------------------------------------------
NSE:RELIANCEShort
by WaveTalks
2
ITC -What A Push Above 200 to 213( Proposed Triangle)-What Next?Re-cap from last idea Triangle Proposed & Expected Trading Plan A - Buy as close as possible to 198 to 200. Low was @ 201 Approx Plan A - Target achieved at day high @ 213 Plan B - Selling Started as per last idea- Target 1 achieved 209.50 ----------------------------------------------------------------------- Last ITC Idea - Sideways Push 197 to 213- completed -----------------------------------------------------------------------
NSE:ITCShort
by WaveTalks
9
Reliance -Triangle Extended- ( Fall Done- 2018 to 1905)Target achieved 2018 to 1900 as expected ( Recent Low - 1905) 🎯🎯🎯as per last idea ----------------------------------------------------- Most Important Resistance ⚠️ 2022 ⚠️ ---------------------------------------------------- Trading Strategy Plan A Started from the bottoms close to 1900 on 7th /8th Jan2021- Most Important ⚠️Support Level⚠️- Look for 1950 (Target 1) / 1975/1980 (Target 2) Plan B Once it reaches close in 1950 & Above in 1975-1985 - Traders have to be careful as very much possible -Plan C Plan C Selling only below 1985 strictly & best only between 1970-1985 for Target 1 - 1900-1910 Zone / Target 2 - 1835-1850 / Target 3 - 1750-1775 (Below 1835)
NSE:RELIANCE
by WaveTalks
7
ITC - Careful Below 209.40 (Wave Analysis)Note- View shall be valid only below key level- 209.40 Expecting a fall below 209.40 for 164. Shall review later once we get more price updates moving forward. -------------------------------------------------------------------------------------------------------- Last Idea on ITC (Fall Below 209.40 to 165)- Count Seven & Go to Heaven --------------------------------------------------------------------------------------------------------
NSE:ITCShort
by WaveTalks
11
Bank Nifty-Cracks 31490 to 31000 in H&S Pattern(Target Achieved)Head & Shoulder Pattern Formed --------------Key Level 31500 Holds & Index falls approx. 500 points just below 31500 Heading for Target 2 - 30500 Prior to that - Buy target was achieved from close to 31200 levels suggested on 1st Jan2021. ---------------------------------------------------------------------------------------- Bank Nifty Last Idea - Buy Above 31200 & Sell Below 31500 ----------------------------------------------------------------------------------------
NSE:BANKNIFTYShort
by WaveTalks
5
APPLE : READY for TRIANGULAR THRUSTAfter the formation of bullish triangular structure with wave - e , as a final setback , stock has successfully crossed the level of wave-d . One should go long at current levels keeping the Stop loss below the level of wave-d (120$) or the lows of wave-e (112$) The target level should be the recent highs that is 138$ and post that level the triangular thrust measurement which is the region of 144$. Don't forget to go through the previous examples of triangular thrust. Below are the links available. If you like the ideas and learned something, then please do support through likes & tell us your views into the comment section.
NASDAQ:AAPLLong
by TradingSutra
1
Bank Nifty - Emotional Trap Above 26K+ (Butterfly Can Trouble) (Note- Please read the levels carefully- Last Nifty Idea was suggested not valid above 11930 levels- You need to manage your own risk) ------------------------------------------------------------------------------------------------------------------------------- Idea in Nifty (History May Repeat Again) - suggested that -Expected X-Wave can be 3-Wave Sequence (if crosses 12025 highs) ------------------------------------------------------------------------------------------------------------------------------- Bank Nifty • Butterfly above 26K+ can trouble • Is this the Emotional Trap? • Post Leading Diagonal which finished at 25232 Highs- Index looks to be running into irregular correction which at times can deceive traders by its look & appearance- make you believe that it was an impulse move • Butterfly can stretch 127 to 162% anywhere in between & has reached minimum criteria of 127% - which is the lower levels for butterfly harmonic pattern • Manage your risk & trade accordingly. Thanks for reading & have an exciting week ahead. Regards, Abhishek
NSE:BANKNIFTY
by WaveTalks
6