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Elliottwaveprojection

LICHSGFINThis stock has aligned all sentiments in multiple time frames which are good enough to forecast next moves, and it indicates bearishness ahead. Price trading below support line and also below major EMAs like 200ema, 100ema, and 50ema on Daily time frame. Wave structure is also suggesting more correction ahead, after good up rally and high of june 2021, it started correction, which had formed Leading diagonal structure in wave A as a correction in month of April 2022, and after that wave B completed, Now possibly wave C is unfolding, Also this stock has seen a sharp correction without any major pullback, so in near term some pullbacks are also due which cannot be ruled out. 367 and 397 are major resistance on the way up to watchout, and in the short to medium term, the stock can possibly head south towards price levels of 235. One can go short at these levels or on Rise of price (if any). Overall wave structure is looking like this Price trading below support line and also below major EMAs like 200ema, 100ema, and 50ema on Daily time frame. RK's indicator confirms at big levels Monthly and weekly charts RK's indicator confirms at big levels Daily and Hourly charts Price trading below 20SMA (Mid. bollinger) on monthly chart. Price closed below Lower bollinger on weekly chart, it indicates good strenght of bear power. Price also closed below Lower bollinger on daily chart, it indicates good strenght of bear power. macd in weekly bearish macd in daily bearish rsi in weekly down tick and now below 40. rsi in daily negative dmi adx is also negative 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:LICHSGFINShort
by RK_Chaarts
Pokarna Stock Is A Money-Making MachinePokarna has completed its impulsive wave c of the corrective wave ((4)). Wave C has traveled 100% Fibonacci extension of wave A at 548 . Currently, the price has broken down the A wave at 585. If it sustains below 585 , traders can expect the following targets: 558 - 536 - 505 . 505 is strong support because corrective wave 4 accomplish near the corrective wave 4 of a lower degree. If the bull fails to keep the price above this level, we can see a big downfall. Otherwise, the price will touch the control line and then the upper band of the descending channel . I will update further information soon.
NSE:POKARNA
by forextidings
NSE ASTRAL - Earn From Market RecoveryThe stock market has started recovering. Still, there's a big question, is Russia and Ukraine war over yet? Start investing during stock market uncertainty using Elliott Wave Projection. It looks like ASTRAL has accomplished the corrective structure and started forming motive waves. Price has ceased the sub-wave 5 of motive wave ((c)), and the length of wave (A) is equal to wave (C). So, this is called wave equality, where wave (A) = wave (C). If the price has bullish sentiments, the ASTRAL will not directly jump to complete the impulsive wave 3, but it will create sub-waves of motive wave 3. If traders are willing to initiate a long with low-risk setup, they can wait for a pullback of the previous move to reduce the length of stop-loss. Please note that wave two can never overlap the starting point of wave one. If the current move exceeds the low of 1769 , we can't consider this an impulsive wave. Wave three can travel for 161.8% Fibonacci extension of wave one at 2047, and power extension can derive price to 2217 . Traders can expect the following targets for the 3rd wave: 1976 - 2025 - 2144 - 2216.
NSE:ASTRAL1!
by forextidings
2
EWT: Apollo hospital Is Preparing For The Last Corrective MoveKey Level: 4475 & 5013 Apollo hospital had completed Impulsive wave ((3)) at 5935 and started corrective wave ((4)). If the price breaks the H-line , traders can sell for the following target: 4437 - 4356 - 4239 below. These are the price levels where the price can u-turn for an impulsive wave ((5)). A corrective wave is the construction of a three-wave and evidence of an impending impulsive wave. Traders can also initiate a long setup only in price breaks the impulsive channel. I will upload a long trade setup after the accomplishment of wave ((4)).
NSE:APOLLOHOSP
by forextidings
12
NSE Adani Ports Is Growing But The Truncation level is there Key Level: 824 & 853 Adani Port has broken down the corrective wave X and started forming an impulse wave ((5)). Price had broken down the 8-month-old correction, and Adani Port surged rapidly. Adani Port can u-turn from 1.618% at 1049 . It is a reverse Fibonacci of wave ((4)). Currently, the price is at the 78.6 % reverse Fibonacci level at 853. If Adani port fails to break the previous high at 901 , there will be a case of truncation. It shows that the current impulsive move has a lack of demand pressure. Then the decline will be 3x more powerful than the normal corrective wave.
NSE:ADANIPORTS
by forextidings
7
ITC be Ready for Wave C of zig zagWave B looks to be completed and drop looks to be in progress. All other details on chart DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of your financial advisors before investing/trading. Not recommended to take FnO positions based on this analysis I may or may not trade this analysis. Details in description.
NSE:ITCShort
by Niftydirection
NAUKRI INFO EDGEThis stock is looking like head and shoulder chart patterns breakdown along with good intensity of volume, and it has started its correction as a wave A in 5 subdivisions and then wave B is small and now once price breaks below 4058 then possibly wave C must started, and it should come down in 5 legs only. Below are some supporting scenarios shared. head and shoulder pattern neckline breakdown on daily time frame RK's Sell signal activated on daily chart and also price has broken RK"s stop line and mass psychological cloud MACD on weekly negative crossover below zero MACD on daily negative crossover and now below zero price below lower bollinger in daily rsi breakdown in daily and now below 40 DMI ADX on weekly bearish DMI ADX on daily bearish 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:NAUKRIShort
by RK_Chaarts
6
Bajaj Finserv: Elliott Wave Analysis & TipsBajaj Finserv has started it's final bearish, where we have seen a speculative boom downside. After breaking 50 & 200 EMAs , it started falling for wave Z . Traders can expect the following targets: 14631 - 14449 - 14176 . The Control line will work as a hurdle for intraday traders. Bajaj Finserv has formed in the descending channel for more than 27 weeks . It has broken the control line's channel also. That indicates bulls are not ready to expect a falling knife. Measurement of wave ((4)): Wave ((4)) can accomplish 38.2% of wave ((3)) at 14000 . Wave ((4)) can complete at the lower band of the parallel channel because the price has created a throw-out action. Sometimes, prices do not break the low of wave ((Y)) due to less momentum and supply deficiency. And it causes orthodox bottoms. After the completion of wave (z) of wave (4), the price will march for motive wave (5).If the price sustains above wave (X) at 17480 , Bajaj Finserv will move on for an all-time high. Note: ending point of the corrective structure is the starting point of an impulsive phase. I will update further information soon.
NSE:BAJAJFINSV
by forextidings
16
Banknifty to crack hard in Z waveBanknifty Elliott wave count as shown in charts from wave 1 to 5. Currently we are in complex wxyxz correction. The final Z wave should be in progress which should break previous low. The new low is expected to be between 31400 to 30000 The drop from X wave can be looked as Zig zag correction on downside with current wave B in progress and will start C wave once breaks 35511 low as shown in below image Charts will be invalid if breaks 38766 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:BANKNIFTYShort
by Niftydirection
EWT - Gail is Going To Break 2021's High Gail India has completed its 4th corrective wave, where wave C is the last leg of correction. Price took 27 weeks to complete the corrective wave ((4)). After completing the wave ((4)), the price has broken the sub-wave iv and signaled a rally. It also has entered into the corrective channel, and this rally can make a new higher high . The traders can expect the following targets 149-156-170+ for impulsive wave ((5)). Invalidation point is low of wave ((4)) at 125.20. Wave Formations: Wave ((1)) started to form an extreme low at 65. - Leading diagonal Wave ((2)) has retraced 0.618% of wave ((1)). - Zigzag correction Wave ((3)) has extended 2.618% of wave ((1)). - Five wave impulse Wave ((4)) has retraced 0.5% of wave ((3)) - Extended wave 5
NSE:GAIL
by forextidings
7
Nifty Correction - Probably Triangle Correction -18th April 2022Hi The moves from 18350 seems all complicated, which might imply, that we are in a triangle correction. In a Triangle correction, all the waves from Wave A to Wave E have an internal structure of 3 waves. Types of Triangles There are basically three types of triangles. 1. Contracting Triangle 2. Neutral Triangle 3. Expanding Triangle Each type is determined by which leg (Wave A, C or E) is the longest. Wave A, C & E are the waves in the direction of the trend for the pattern. In a Contracting triangle, Wave A is the longest amongst Wave A, C & E. In a Neutral triangle, Wave C is the longest amongst Wave A, C & E. In an Expanding triangle, Wave E is the longest amongst Wave A, C & E. Currently looking at the structure, we might assume we are in a contracting triangle. Ina Contracting Triangle, Wave A is always the longest and most violent amongst Wave A, C and E followed by Wave C (which is almost always 61.8% of Wave A) and Wave E which must be at least 38.2% of Wave C but no more than 99% of Wave C. Here we have not mentioned about Waves B and Waves D, in triangle correction...these 2 waves could be anything complex...they do not conform with any rules. Only Waves A,C and E conform to the above mentioned rules. As of now, we can expected a retrace of price to nearabouts of 16120 in 3 waves structure. and D wave could be again anything not conforming to the rules, but Wave E should be atleast 38.2% of Wave C. Will update as and when necessary. As of now, Lets wait for a C wave if this is really a Triangle correction.
NSE:NIFTY
by neostockmatrix
SILVERSilver is still in triangular correction on weekly time frame and now it has weekly closed below RK's stop loss line which is a sign for weak sentiments again also weekly macd is about to turn bearish again so we can assume that after completing wave a-b-c-d- now we are unfolding wave e in triangle pattern, which can be last decline before breakout towards north move ahead, so if our assumptions are going to be true then silver can fall towards price of $ 21.40, before it turns bullish for a long term rally to start, On up side we can assume $ 30.72 as 0.618% of wave 3 as a target of wave 5 of bigger degree. Overall wave structure and chart pattern Price closed below weekly RK"s stop loss line weekly macd down tick Daily macd turned negative again Daily rsi down tick and closed below 40 range DMI _ ADX turned negative TLBD along with near Lbb to challenge 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
Nifty on decline. Following wave pattern Nifty is in 5th wave (drawn in orange). Nifty completed all 4 waves fully and have taken the last wave which should move it to 15500-15800 level. Nifty should reach this level somewhere in between May 09 and June 06 2022. Inside wave of this 5th wave is drawn in blue. As per that the current upmove of Nifty should take it to 17400-17460 and then the decline should continue. Disclaimer: This is just my view on Nifty. I'm not a registered advisor on market analysis. The idea is published only to spread my views on Nifty and gather feedback to cultivate healthy discussions. Please do your due diligence before investing your money. Remember, you're responsible for your investments.
NSE:NIFTYShort
by anuragcoma15
1