Elliottwaveprojection
BANKBARODA possible Elliot wave countsThis stock has shown almost aligned wave counts from weekly to daily and from daily to hourly and right now its in correction area of some lower degree wave counts
macd on hourly chart
momentum negative cross done on hourly
Price under and below RK's stopline in daily
Price made neutral candle under and below 20DMA in daily
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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.
DelhiveryThis stock has given good breakout on daily time frame along with positive divergence in RSI along with macd positive crossover.
Also possible Elliott wave counts are suggesting same bias, one can go long with strict stop loss of swing low of 289.90
Overall chart along with possible Elliot wave counts
macd positive
rsi breakout and rsi positive divergence
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.
MCX Natural Gas – Elliott Wave projectionNatural gas has completed the impulsive cycle at 801 and started collapsing to form the corrective process. In this corrective cycle, the price has accomplished the corrective wave B and started constructing wave C of normal zigzag correction.
There are two reversal points for natural gas:
1) Wave C can occur near wave (4)
2) wave C can accomplish its corrective cycle at 219.8 where wave A=C.
If the price sustains below the lower band of the channel, traders can expect the following targets: 288 – 275 – 267 . According to Elliott waves, correction can occur near wave (4) of the previous cycle. I already mentioned expected reversal points.
Structural Confluence of Elliot and HarmonicsConfluence doesnt mean some indicators and price action .. confluence conditions can be seen everywhere from structure to entry
The above structure shows you confluence with 2 major concepts in trading world HARMONICS and ELLIOT, shows you the possible areas where you could see confluence of both
The 3rd wave could some times be BAT pattern or DEEP CRAB pattern in impulse, when it comes to elliot correction you will prob'ly see ABCD pattern in formation.
This will give you an idea of how to identify the confluence when you are looking for swing trading
Always keep in mind that there will be internal small patterns within the big pattern do not get confused while doing multi TF analysis thinking which pattern to follow, always follow the higher TF pattern.
NSE AAVAS: Impending AdvanceNSE AAVAS accomplished wave (5) of wave C at 1698 and started an impulsive cycle from the parallel channel's lower band. Prices are forming into the downtrend channel, and wave (4) breakout can give a steady uptrend for bulls.
Fibonacci Clusters:
1) Cluster range of 1749 - 1738.6 . Trend-based Fibonacci extension of 0.5 at 1749, and 1.618 reverse Fibonacci of 4th wave at 1738.6 .
2) Fibonaaci externtion of 0.618 at 1683.6 .
Trading Plan:
If the price sustains a cluster range of 1749 - 1738.6, traders can trade for the following targets: 1835 - 1885 - 1945. Safe entry is possible after a pullback.
Invalidation : Below wave (5)
BankNifty - The Last Move / Idea for 2022Disclaimer
There is a very high degree of risk involved in trading. Past results are not indicative of future returns.
Wishing You All A Happy & Prosperous New Year 2023 !!!
Short Video on Bank Nifty - The last move or idea for year 2022.
Last Price - 43115
Trading Strategy
Plan A - Important Support Zone 42900-43000
Index taking support close to this zone, we expect upside bounce 43500-43600 zone
Plan B - Important Resistance Zone 43500-43600
Kindly do your due diligence, If Index halts in 43500-43600 or close by zone upside, we expect downside move back into 42900-43000 zone
Plan C - Breaking Support Zone 42900-43000 & Holding below
Index while returning back if breaks 42900-43000 then we expect 42500 downside
Plan D- Critical Support Zone 42400-42500 if breached on downside
Falling below 42400-42500, It can attempt 41597 where we started our idea published on 23rd & 26th Dec 2022
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Last Ideas Published
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23rd Dec 2022 - Ending Diagonal Idea at bottoms of 41600
26th Dec 2022 - Bears, Bulls & Bounce 500+ Points
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.