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Elliottwaveprojection

NIFTY: Wait and Grab the Perfect opportunityThe rise from the Mar'20 bottom was an impulsive move which should be considered as the Primary Degree Wave-1 concluded near the zone of 18600 in Oct'21. From that top Nifty50 fell down in a corrective way and made a low of 15183 in Jun'22. This fall was not even reached to Fibonacci 38.2% retracement level positioned at 14400 zone where the previous fourth of 1 lesser degree is also placed and we have seen a rise in the Nifty to test the all time high and made a new high of 18887 in Nov'22. The rise from the bottom of 15183 is more or like a corrective rise and can be treated as part of FLAT CORRECTION (expanded Flat) or a part of COMPLEX WXY correction. As per this view Nifty is likely to hold below 19000 and fall towards 16750 /14400 and 13000 level in the coming months. The nature of the fall will decide whether we are in a C-Wave of a FLAT or we are in a Y-Wave of a COMPLEX WXY correction. As soon we reach in the zone of 14400-13000 which is the Fibonacci 38.2%-50% retracement zone we can consider that area as the long term investment zone as our Primary Wave-2 is going to conclude in that area and we should be ready for a massive THIRD WAVE RALLY in the Indian Equity market. Remember Third Waves are the "WONDER TO BEHOLD".
NSE:NIFTYShort
by TradingSutra
6
ABCAPITAL Elliott Wave StudyTF - Monthly - Aditya Birla capital had broken out descending trendline at 80 . But, due to supply pressure, it couldn't make a new high again. It ends up making the same high(double top). AB CAPITAL has made a monthly consolidation range of 139 - 95 As per the monthly chart, AB CAPITAL can take support from 78.05 . Three reasons to consider this level: 1. AB CAPITAL has given five touches to this level. 2. AB CAPITAL had taken support and broken up the trendline. 3. AB CAPITAL can retraced 61.8 % at 76.45 , which is demand zone. If AB CAPITAL breaks down to 90 , then it will come to take support near 78.05. TF: Daily - AB CAPITAL has completed corrective waves A & B . Wave C of wave 4 is about to completed. We are getting similar confirmation that if AB capital breaks down to 90.05 , we can expect a support level of 78.05 . As per Elliott wave, wave 4 can complete near the previous 4th wave of lower degree. Wave 4 of lower degree is a 78.50 . We got the confluence zone as 78.05 . After taking support level, AB CAPITAL will start its upward march. I will update more information soon. Thank you! @Money_Dictators
NSE:ABCAPITAL
by Money_Dictators
11
Correlations between Nifty and DXY studyHello Friends, here we had shared just an observation on correlation between NIFTY and DXY which are clearly showing opposite directional runs from last couple of months, also we are assuming the wave counts on both, which are suggesting same patterns ahead along with good support by this correlation, this increases good chances of winning probabilities of our forecasting and analysis, this whole scenario helps in view building and analyzing charts. I'll mention that this is for educational purpose only, and this is not for trading purpose . Thanks 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:NIFTYEducation
by RK_Chaarts
23
Apollo tyresApollo tyres, is looking currently in good momentum upside, it has broken resistance trendline along with good intensity of volumes along with challenging upper Bollinger band, also trend indicator macd is supporting same trend right now. As per Elliott wave projection it shows possibly we are in wave 3rd of wave 5th on daily time frame, which is a cautious sign to be ready for profit booking phase in near term and be very alert to book profits at near targets, also RK's mass psychological indicator is suggesting to go long, some highlights are shared below one can go through them to understand this study. wave structure possibilities on daily chart RK's mass psychological indicator signals positive chart pattern breakout with good volumes macd in daily positive crossover above zero line macd running positive in weekly rsi breakout in daily and its uptick above 60 price challenging upper bands on daily chart dmi adx positive strenght 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:APOLLOTYRELong
by RK_Chaarts
3
SBIN: Impulsive Wave 5 has Already BegunSBI BANK has given a breakout of the 13-month-old Correction. RSI is above 65 , and the price trading above 200 EMA. At present, SBIN has accomplished the corrective wave (4) and started forming an impulsive wave (5). Price has already crossed the 1.00 Fibonacci extension of waves (1) through (3), so our next target should be Fibonacci's extension of 1.618%. Wave 4 was a choppy move as a triangle. As the price has crossed the 1.00 Fibonacci retracement, safe traders should wave for a pullback. If the price sustains above 442 , traders can trade above the following targets: 555 - 566 - 575+ . Invalidation: The 540 level was strong resistance, but now it is a crucial level. Failure of stability will deactivate this setup. Please note that we can't trade without proper risk management. The absence of risk management can wipe out your whole account. I will update further information soon. :)
NSE:SBINLong
by forextidings
GOCLCORP: BULLISH TRIANGLEUsually this wave structure forms in an impulsive sequence as wave 4 OR Wave-B of a corrective wave . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept to the breakout level of wave-d to get the target of this pattern. Trading strategy: Buy on cmp add on dips keeping SL of 310 and look for the target of 470-90
NSE:GOCLCORPLong
by TradingSutra
SAIL steel author India possible Elliot wave countsTrend indicator macd for SAIL is turned negative now on daily time frame, also with price closed below 20DMA along with follow up seen in today's session, price retraced up to 50% Fibonacci level of recent fall and turned back towards south. Also, possible Elliot wave counts are suggesting correction is pending ahead, if our counts are going correct then price can unfold wave C of wave Y of wave 2, then we can assume for target of 50 where wave C would be equal to wave A, fingers crossed, on the way upside 88 is an invalidation level for current view. Possible wave counts on daily chart Retraced 50% of recent fall Price closed below 20DMA with followed up Weekly upper band pressuring down, once it close below 20WMA then more bearish 20WMA is now crucial support level, once it breaks then more bearish MACD in daily negative crossover RSI in daily is down tick and below 50 RSI in hourly is below 40 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:SAILShort
by RK_Chaarts
15