BEL Bharat ElectronicsThis stock has given breakout with good intensity of volumes, also RK's mass psychological cloud suggesting upside along with buy signal.
Overall wave structure is showing that we are in impulse only, In pandemic situation also this stock has not gone too low, it has been out performer and making higher highs and higher low structure.
After completing wave 1-2 now we are in wave 3, and inside wave 3 we had completed (i)-(ii)-(iii)-(iv) and now we are in (v) it looks consolidation in wave ii of (v) has been completed and now possibly we are unfolding wave iii of (v) of bigger degree wave 3. however, iii can unfold at 284 areas. On the way down, the recent swing low can provide a good support to watchout for upcoming days, which is pegged at 223.80.
All indicators are also suggesting to go long for ride towards north.
Overall wave structure looks like this
Breakout on daily chart, with good intensity of volumes
RK's mass psychological cloud in buy mode in daily time frame, along with running in buy signal activated, along with breakout.
price challenging upper Bollinger band in daily time frame
Macd in daily positive and uptick above zero line
Macd in weekly uptick above zero line
dmi adx in daily time frame both aligned positive
RSI breakout on daily chart and now uptick above 60
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Elliottwaveprojection
Bharat ForgeThis stock has given breakout of typical triangle chart pattern on daily chart, along with good intensity of volumes, this triangle pattern is typically seen at the end of complex correction in wave Z.
As per wave structure also it is showing same scenario fitting well, overall if it gives up move as a retracement only up to 61.8% of last fall since November 2021, then we can see 751 levels on up side, on the way down 20DMA and RK's stop line are support areas which are currently pegged at 656 and 660 and major stop loss is last swing low of 630 to watch out for upcoming days.
breakout with good intensity of volumes
Macd histogram breakout, along with macd positive uptick above zero line, on daily chart
Macd positive crossover in weekly chart
price closing above 20wma
price in daily chart trying to create momentum towards north
RSI uptick and crossing up 60 in daily chart
dmi adx positive strength on daily chart
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NATURALGAS ELLIOT WAVE COUNTSNATURALGAS has almost completed wave B of wave 2, possibly next wave C is ready to start unfolding soon, which can be confirmed by breaking support trendline, which could be aa good trigger point, Once it breaks support trendline then it can slide towards south directions near $ 7.500 zones, where wave C can complete equality with wave A.
Negative divergence in both rsi and macd on hourly time frame
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COFFEE possible Elliott wave countsHere are possible wave counts of coffee on higher time frame to lower time frame like, Daily time frame to 4 hourly and 4 hourly to 1 hourly.
Possible wave counts on daily time frame
Possible wave counts on 4 hourly time frame
Possible wave counts on 1 hourly time frame
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GoldGold is showing final leg towards south zone has been started to unfold wave 5, which can probably go near $ 1660. On the way up side $ 1792 is an invalidation level.
As per RK's mass psychological cloud also, it is suggesting bearish. once it breaks below $ 1754 then more fireworks can be seen on chart.
RK's mass psychological cloud sell activated
4 hourly macd negative
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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
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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
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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.
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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.
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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.
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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).
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.
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 .
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Based on Your Own Risk this is only to Show you the Current Pattern
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M_M is the Elliott wave Complete ?NSE: M_M
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 .
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Based on Your Own Risk this is only to Show you the Current Pattern
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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
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My studies are for educational purpose only.
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Trend change in IEXAs Seen in the chart there is possibility of reversal as one can see wave C is completed with 5 waves and 5th wave is ending diagonal. So, there is a probability that price can go and touch the median line of the channel which is my first Target & can be pulled back for some time and then further can touch to the upper line of channel.
Note - before taking trade please do your own Research above shared views are for educational purpose.