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Elliottwaveprojection

SILVERSilver had broken support trendline and closed yesterday below 20 day moving average, which is clear sign of bearishness ahead. After bounce from lower end of falling channel it got rejection at upper end of falling channel, also RK's Momentum turned in sell mode, all other trend indicators like macd, rsi etc. are also suggesting same bias, According to wave structure we are possibly in wave Z of Z, which can lead to retest levels of $ 20.462 and if sustain below this then $ 19.80, On upper side RK's stop line may work as a major hurdle which is pegged at $ 22.550 to watch out for. Over all wave structure could be like this one Price had broken Support Trendline along with 20DMA level on closing basis Price getting Declined by RK's Cloud and stop line on daily chart RK's Momentum turned Negative on daily chart Macd in weekly already in Negative mode Macd in daily down tick converging to Negative mode RSI in daily down tick and near 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.
TVC:SILVERShort
by RK_Chaarts
20
GOLDWhile correction gold's recent bounce rejected from RK's stop line along with upper bollinger band on daily time frame, as per wave structure we had marked it as wave X, Overall wave structure is still suggesting corrective phase only, along with trend indicator's support as a same bias by macd on multi time frame, stochastic on daily time frame, RK's momentum and also Dollar index resumes its rally, so Gold can see its slide to south direction near $1710, where wave Z can be equal to wave W. Once price closes below 20DMA which is pegged at $1842, then bear strength can show more power. Gold has possibly started its wave Z On daily chart histogram is decreasing Weekly macd is already in negative way Monthly macd is also in negative Daily stochastic negative crossover RK's momentum also not sustaining positive on daily 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.
GShort
by RK_Chaarts
7
NIFTY-50 1D 19-07-2022We in last analysis expecting NIFTY to retrace from 16118-20 level for its original retracement area of 15600-700. The Nifty broke out of our invalidation area, and sustained. Now it looks like we may find resistance at the upper trend line and NIFTY might retrace from the same area of trend line. This is just a view and there are many other possibilities available, it is one of them. Please do your own research and take advice of your expert for any trade/investment purpose. Thank you for watching this analysis. Regards.
NSE:NIFTY
by imkhushal
3
Nifty Wave Z of B in progressDetails on chart just for study purpose. Don't jump on trade in advance this is just forecast so relax. In case Nifty breaks 0.618 Fibonacci and goes below 16000 then can consider dip started this has low probability. DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:NIFTYShort
by Niftydirection
36
NIFTY - Triple Bottoms on uptrend - 5th Elliot impulsive waveI am seeing this in the NSE:NIFTY cash Daily timeframe. Are you guys seeing the same? Or I am hallucinating (at 10:30 PM night J ) Observations : 3 rounding bottoms formed in an uptrend. There is a clear ascending triangle Now the interesting part is: if we take 20th June as the starting of the wave, then it is aligning perfectly to A, B, C, D waves. All the conditions are met (like wave-3 is max, wave-2 is 60% of wave-1). Going forward Ongoing impulsive wave-5 will be similar to wave-1. So the top is coming around 16575 . The correctional wave-1 (Point-5 to Point-A) coming around at 16200 (Point-A) The correctional wave-2 top (Point-A to Point-B) is coming around (some June-7 level) 16500 . The correctional wave-3 (Point-B to Point-C) bottom coming around (similar level as wave-4 as in uptrend move) 15950 (Point-C).
NSE:NIFTYLong
by pradipandsuvra
3
MOTHERSON can go long but... need to be cautious.As per the above chart NSE:MOTHERSON is bullish has given a breakout and can go till the upper line of the channel, If it breaks the channel there is possibility of further upside. But till now it looks like its going in Correction wave ABC. Where wave C can go till Ext fibo ratio of 1.272 or 1.618 . Safe to book near 1.272, Considering the bigger timeframe Motherson looks bearish and can further go down in wave 4. also I will update the daily/weekly TF chart.
NSE:MOTHERSONLong
by Ajay7871
Hindustan Unilever shows up a downtrend ?NSE: HINDUNILVR Time Frame :- 1 Day Patterns Name :- Elliott Wave Conclusion :- A Elliott wave which is completed now shows up a Bearish signal after the Uptrend which most probably shows up a Down trend , But also can show up a litlle Up trend Before it . We are not responsible for any profit or loss Based on Your Own Risk this is only to Show you the Current Pattern Comment Below If You want to ask me questions on this on any other idea BTW Like and Follow if you like this awesome content Made By MAYANKTECHRESEARCHING Have a Nice Day to you all
NSE:HINDUNILVRShort
by MAYANKTECHRESEARCHING
9
USOIL CRUDE OIL US oil overall trend is still bearish, but counter trend pull back rally is now due, not only due but it's now ready to go towards north directions Buy on Dips is suggested, all the key levels are mentioned on chart Overall running wave structure 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.
TVC:USOILLong
by RK_Chaarts
6
NIFTY FORECAST 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 : (I) (II) (III) (IV) (V) (a) (b) (c) (w) (x) (y) Cycle : I II III IV V a b c w x y Primary : ((1)) ((2)) ((3)) ((4)) ((5)) ((A)) ((B)) ((C)) ((W)) ((X)) ((Y)) Intermediate : (1) (2) (3) (4) (5) (A) (B) (C) (W) (X) (Y) Minor : 1 2 3 4 5 A B C W X Y Minute : ((i)) ((ii)) (( iii)) ((iv)) (( v)) (( a)) ((b)) ((c)) ((w)) ((x)) ((y)) Minutte : (i) (ii) (iii)(iv)(v) (a) (b) (c) (w) (x) (y) Subminutte : i ii iii iv v a b c w x y
NSE:NIFTY
by TRADEWITHKIRAN
BankNifty Elliot wave counts - Chart says everythingAs per wave structure, currently we are forming pattern as a W-X-Y, in which we have already completed W and we have also completed 1st sub-division of X as a wave W of X and possibly now we are going to unfold X of wave X (X inside X). As per Fibonacci retracements it can retrace 0.382% to 0.50% as per healthy retracement which are measurement of wave (w) of X, and retracement levels are pegged at 34300 to 33900, co-incidentally 100 ema and 200 ema of same time frame are also pegged at same areas. Everything as per study is shared and mentioned on chart, chart says everything, so go through it. Once this support line is gone on 15 min chart, then we can say it has triggered. Also this a neckline on head and shoulder pattern on 15 min time frame RK's sell signal is activated in 15 min chart Bearish Divergence with RSI and MACD on 15 min chart ema 50, 100, and 200 on hourly chart can provide support macd turned negative in hourly time frame Histogram is decreasing on daily 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.
NSE:BANKNIFTYShort
by RK_Chaarts
3
COPPER - Elliot wave countsOverall 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 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.
FX:COPPERShort
by RK_Chaarts
Nasdaq Elliott wave structureElliott 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 double correction. Internal subdivision of wave (5) is unfolding as a 5 waves impulse structure, where wave 1 completed near 11400, Now wave 2 rally is in progress to correct cycle where wave ((a)) and ((b)) had already ended and now wave ((c)) of 2 to end soon and Index to turn lower. Should sell on rise, On the way upside Invalidation level is pegged at 12230, and RK's stop line on daily chart can also be a hurdle to go up side, which is pegged at 12070, On closing below 20DMA can show more weakness, which is now pegged at 11621, Once its gone then more journey towards south can start, towards 11500, 11394, 11291, 11145, 10959, 10729 and 10441 too. Overall wave structure along with all the key levels 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.
UShort
by RK_Chaarts
NIFTY ELLIOTT WAVE FORECAST #nifty 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)) Super Cycle : (I) (II) (III) (IV) (V) (a) (b) (c) (w) (x) (y) Cycle : I II III IV V a b c w x y Primary : ((1)) ((2)) ((3)) ((4)) ((5)) ((A)) ((B)) ((C)) ((W)) ((X)) ((Y)) Intermediate : (1) (2) (3) (4) (5) (A) (B) (C) (W) (X) (Y) Minor : 1 2 3 4 5 A B C W X Y Minute : ((i)) ((ii)) (( iii)) ((iv)) (( v)) (( a)) ((b)) ((c)) ((w)) ((x)) ((y)) Minutte : (i) (ii) (iii)(iv)(v) (a) (b) (c) (w) (x) (y) Subminutte : i ii iii iv v a b c w x y
NSE:NIFTYShort
by TRADEWITHKIRAN
Nifty spot Possible Elliot wave counts and Fibonacci retracementIf market doesn't supports sentiments, then here are some possible elliot wave countswhich fits on current scenario. 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:NIFTY
by RK_Chaarts