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Elliottwaveprojection

CHF/JPY Builds Momentum for Next Wave HigherThe CHF/JPY 1-hour chart shows a completed wave (1) near the 191.17 level, confirming a strong bullish impulse after a previous decline. The pair is now entering a wave (2) corrective phase, which is likely to retrace toward the 188.7–189.0 support zone before resuming the next upward move. This pullback appears to be a healthy correction within the broader uptrend. Once the correction is complete, wave (3) is expected to begin, targeting levels above 193.0 . The overall market structure remains bullish, suggesting that any short-term dips could offer potential buying opportunities for traders waiting for the next impulsive rally Stay tuned @Money_Dictators Thank you.
Long
by Money_Dictators
JIOFIN Setting Up for the Next Big Breakout!JIOFIN Daily chart Possible short-term dip toward 285 - 290. Long-term Levels: 335, 368, and 342. Overall Trend: Bullish Short-term trend: Bearish JIOFIN is ready for the final upsurge as the correction ends at wave (C). A major A-B-C correction of the primary degree is clearly visible on the daily timeframe chart. Upon closer examination, it appears that the JIOFIN is currently in wave (Y) of wave 4. After completion of the wave 4 structure, stock will set for the wave 4 for the given long-term levels. Stay tuned! @Money_Dictators Thanks :)
NSE:JIOFIN
by Money_Dictators
Nifty 50: Genuine Rally or Selloff Setup?The Nifty 50 Index went up, but this upward move was likely just a temporary correction, not the start of a new, long-term rise. Bottom (Wave W): The index first hit a low around 24,377 Bounce (Wave X): It then went up to a high near 25,448 . This rise was a clear, three-part corrective move (like an ABC pattern) that stayed inside a rising channel . Clue: Because the move from the bottom (W) to the peak (X) was corrective, it suggests the overall trend is still bearish (downward). Points to look at: 1. Reversal: The index is currently around 24,836 and is starting to turn down from the top of that rising channel. This suggests the temporary rise is over. 2. Projected Drop (Wave Y): The main prediction is a significant drop (Wave Y) that will likely break the previous low of 24,377 . 3. Target: This decline is expected to head toward the lower blue trendline on the chart, completing a larger WXY corrective pattern. 4. Projection: Ending point of wave (Y) can act as the ride for the new impulse cycle. 5. Bearish Stance: Traders should be cautiously bearish (expecting the price to fall). 6. Price action perspective: Previous swing is bearish, better to look at short positions for safe entry. 7. Selling Opportunities: Any small upward movements (retracements) are seen as good selling opportunities (betting on the price going down), as long as the price doesn't break above the recent highs or the channel ceiling.24,300 is indeed a strong demand zone. Stay tuned! Money Dictators :)
NSE:NIFTY
by Money_Dictators
2
Why MSFT Could Be a Smart Pick in 2025?MSFT has bullish signals from the multiple moving averages, RSI and volume analysis. However, wave principle asks evidence from the buyers. The wave count suggests that the corrective wave (B) is ongoing, and bears will control the final wave of the primary wave 3. Wave C will start falling nearby the supply zone and high of the 2nd wave of wave intermediate wave A. Wave C can fall up to 476 which will be the strength for wave primary wave 5. As per the chart, breakout above 540 will be a good signal for bulls to take charge back. Zones: Supply zone: 538 - 528 Demand zone: 482 - 476 I will update the chart and details shortly.
NASDAQ:MSFT
by Money_Dictators
1
A Rally Born in Silence: The Canara Bank SetupCanara Bank – Multi-Timeframe Impulse Reloaded On the 3-month timeframe, Canara Bank is staging what looks like a textbook long-term Elliott Wave impulse. With Wave (IV) bottoming out around ₹15.15 and a roaring rally taking us into Wave (V), the broader structure suggests that this could be the start of a generational uptrend, aiming toward the 2.618 extension near ₹206. Dropping down to the daily chart, things get even more compelling. The move off the March 2025 lows at ₹78.60 is showing all the signs of a fresh impulsive structure. That low aligns precisely with the higher-degree Wave (IV), suggesting the beginning of Wave (V) is already underway. What’s particularly interesting is how the current rally is unfolding — the green Wave 3, which started from ₹83.70, appears to be extending. It has already subdivided into a clean internal five-wave structure, with blue subwaves 1 through 4 in place and blue wave 5 in progress. This kind of extended third wave is not only typical but often the most powerful part of the move, carrying the strongest momentum. The current wave is aiming toward the 1.618 projection zone around ₹138, which would be a fitting cap for an extended third. Once this fifth subwave of green 3 completes, a corrective green Wave 4 would be due, likely shallow given the strength of the third wave, followed by one final push in green 5. On the risk side, the structure remains intact as long as price holds above ₹102.63 — the invalidation level for the current count. A break below would suggest the impulse failed and could force a reassessment of the bias. Until then, both the short-term and long-term wave counts remain firmly aligned to the upside, with momentum backing the structure on multiple timeframes. Chart will be updated as price action evolves. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:CANBKLong
by WaveXplorer
2
NSE IOC – Approaching a Key Demand ZoneTimeframe: Daily After reaching a high of 196.8, the price has declined by over 39% in 13 weeks. It is currently trading below the 50/100 EMA band, with ATR at 3.68 and ADX at 26.02 . According to the Elliott Wave projection, the peak of 196.80 can be identified as a wave ((3)). The security is currently undergoing the formation of a corrective wave (4). Wave (B) formed at 185.97 , while wave 4 of wave (C) was completed at 145.10 . NSE IOC is now setting up for the final wave 5 of wave (C). Two key Fibonacci relationships help estimate the end of the correction: 1.618 Fibonacci extension of wave (A) at 106.54 (for wave C) 0.618 Fibonacci extension of wave 1 at 115.52 (for wave 5) The price is expected to settle between 115 and 105 , which serves as a key demand zone for buyers. If the price breaks out and sustains above 129.75, traders can target the following levels: 139 – 156 – 172+. we will update further information soon.
NSE:IOC
by forextidings
1
SUN PHARMAHello & welcome to this analysis From the pandemic lows made in March 2020 till date it has likely completed Wave 1, 2 & 3 and is doing a time wise (TRIANGLE) corrective wave 4. The sub waves of 4 are suggesting "c" is ending with "d" and "e" pending before it resumes the terminal wave 5 impulse. This is suggesting that for quite a bit of time the stock could remain range bound. This wave count of a triangle will be invalid if current decline goes below 1547 and/or the expected bounce in wave "d" goes above 1857. Wave 5 target could be anywhere between 2400-2500 All the best
NSE:SUNPHARMA
by Dinesh_C_Nagpal
3
GNO/USD Price Action Aligns for Final Wave 5 PushGNO/USD pair is unfolding a clean Elliott Wave impulse pattern on the 4-hour chart. The rally began with Wave (1) reaching 113.50, followed by a corrective Wave (2) that bottomed near 105.28. This set the stage for a powerful Wave (3) that surged to 156.59 , aligning well with Elliott Wave theory where Wave 3 is typically the strongest and steepest leg in the sequence. Wave (4) is now in progress, taking the form of an A-B-C correction inside a descending channel. Interim support was found at 138.95 during Wave A, and Wave C could extend toward the 0.382 Fibonacci retracement level at 136.79 or the deeper support zone near 129.5. These levels are crucial, as they often mark the end of a corrective phase and the beginning of the next impulse. A confirmed breakout above 147.4 would signal the start of Wave (5) and the return of bullish momentum. Short-term targets have the potential to reach 135 – 128 , while 125.22 remains the invalidation level for this bullish setup. After the completion of Wave (4), traders can look for long opportunities targeting 147 – 154 – 172 . As long as the structure holds and price respects key supports, the outlook remains favorable for a fresh push higher in Wave (5).
COINBASE:GNOUSD
by Money_Dictators
BEL hits key level, a cool off ahead before next leg up?Bharat Electronics is unfolding a clean impulse. After completing Wave ii at 304.80, price surged into Wave iii, which has now reached the 1.618 Fibonacci extension near 410. Interestingly, while price made new highs, RSI is showing early signs of bearish divergence, hinting at a possible Wave iv pullback. The retracement zone between 385 and 370 may act as support before the uptrend resumes. As long as price holds above 319, the bullish structure remains valid. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:BELLong
by WaveXplorer
Apollo Tyres: Navigating the WavesWelcome to RK_Chaarts. Today, we're analysing the daily time frame chart of Apollo Tyres from Elliott waves perspective. Here, we can clearly see that the intermediate-degree Wave (3) (blue) formed a high around ₹555 in February 2024. After that, an A-B-C corrective pattern unfolded in a 3-3-5 expanded flat structure, which is Wave (4) blue intermediate-degree. We can say that Wave (4) possibly ended at the March 2025 low around ₹370. Now, we're possibly unfolding Wave (5) in blue of the intermediate degree, which will have five sub-divisions: of minor-degree Waves 1-5 (red). Possibly, Wave 1 (red) has ended, and Wave 2 (red) is currently unfolding. After Wave 2 ends, the price may reverse upwards, forming Wave 3, followed by Wave 4's retracement and then Wave 5's high. Where can be next possible reversal On the weekly timeframe, the price is moving within the upper Bollinger Band zone. The weekly 20-Weekly simple moving average (or 20-week simple moving average), which is the mid-Bollinger Band, is around ₹440-₹437. It's possible that Wave 2 will find support around this level and then reverse upward. Invalidation level Note that Wave 2 cannot retreat more than 100% of Wave 1, according to wave theory principles. The low of ₹371, where Wave 1 began, is the invalidation level. If the price breaks below this level, it may trigger an invalidation, and we might be looking at a double correction or a double three structure instead. Projected Targets However, if the invalidation level holds, the upward movement will likely continue. The projected target for Wave 5 could be around ₹555-₹603, based on the ratio analysis of Waves (3) and (4). Important Notes - Breaking below the invalidation level would require re-evaluation of the wave count. - Sustaining above the invalidation level increases confidence in the projected target. Let's see how the market unfolds. This entire study is shared solely for educational purposes. Thank you so much. 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...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:APOLLOTYRELong
by RK_Chaarts
Zigzag in Play- Can Wave C deliver the goods for ESCORTS KUBOTA?ESCORTS KUBOTA – A Zigzag Taking Shape Structure Summary: ESCORTS may be unfolding a classic Zigzag correction (5–3–5) from the low at ₹2,825.20. Wave A formed a clean leading diagonal. Wave B is currently developing and is expected to end near the 0.382–0.5 retracement of Wave A. If this structure holds, we could soon see a powerful Wave C impulse aiming for the 4,000+ zone. Elliott Wave View: Wave A : Leading diagonal from ₹2,825.20 to ₹3,616.60 Wave B : Still developing – may complete near ₹3,233.80 (0.5 retracement) Wave C : Expected to be a 5-wave impulse targeting: ₹4,025.60 (1.0 × Wave A) ₹4,514.70 (1.618 × Wave A) Key Levels to Watch: Wave B Support Zone: ₹3,233–₹3,102 Target 1: ₹4,025.60 (equal to Wave A) Target 2: ₹4,514.70 (1.618 × Wave A) Invalidation : Below ₹3,102 → Zigzag scenario fails, alternate count required Note: Wave C, if it triggers, should develop as a 5-wave impulse. Price action around the retracement zone will decide whether bulls still have control. Disclaimer: This is part of the educational WaveTracker series. It is not a trading recommendation. Always DYOR and manage risk wisely.
NSE:ESCORTSLong
by WaveXplorer