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Elliottwaveprojection

SILVER MCXSILVER MCX in the near term 70500 - 70600 are the resistance zone for silver mcx, it has possibly completed wave ii in three wave decline, and now possibly wave iii is unfolding. If our wave counts are going correct then above resistance zone silver can show 79000 plus, where wave iii would be equal to wave i. Currently price is sustaining above RK's stop line and also above RK's cloud along with buy signal in RK's Magic on daily chart, which is a good positive sign itself, if we see price is also above 20DMA and 20WMA, macd is also positive in both daily and weekly time frames, RSI on weekly is uptick, stochastic on daily is supporting same bias. On the way down immediate supports are pegged at 67050 as a RK's stop line, and major support at 65298 to watch out for upcoming sessions. Overall wave structure on weekly chart macd positive in weekly and also above zero line macd positive crossed in daily chart RK's indicator also suggesting to go long Price above 20WMA above mid bollinger in Weekly chart Price above 20DMA above mid bollinger in daily chart rsi in weekly uptick stochastic in daily going positively uptick 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:SILVER1!Long
by RK_Chaarts
CNXMETAL - NIFTY METAL INDEXNifty Metal Index is possibly completed as a leading Diagonal wave 1 of wave 5 circle, where wave 5 is shorter than 3, and wave 3 is shorter than 1 ( Leading Diagonal ) If its right than possibly wave 2 of wave 5 is now Due or ready to unfold, in macd and RSI we are witnessing negative divergences, along with Negative crossover in Stochastic and MACD, also RSI is Down tick, Lets see what happens next. Overall wave structure could be like this macd also turned negative cross along with Negative Divergence macd negative crossover in hourly RSI negative Divergence RSI Down Tick stochastic in daily time frame negative crossover stochastic in hourly time frame negative crossover 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:CNXMETAL
by RK_Chaarts
VOLTASVoltas, this stock has been consolidated in a parallel channel since October 2021, and now very first time it has closed just out of that same channel's top on daily time frame, Also it has been closed above 20DMA from last 15 days and sustaining on same. As per elliot wave structure we can assume that from the low of 8th March fresh impulse wave 1 started and on the 17th March wave 2 was started and completed on 28th March, So now possibly wave 3 is in unfolding phase. RK's Magic indicator is also showing cloud impulse buy on daily chart, along with macd turned positive crossover on weekly chart. Overall it looks good candidate to go long, at current levels or in dips ( if any ). on the way up side 1457 is the level where wave 1 and wave 3 would be equal, and on the way down RK's stoploss line which is pegged at 1244, can be a good support level to watch out for in forth coming days. Wave structure on daily also all key levels are mentioned on chart macd positive crossover on weekly macd positive on daily rsi breakout and uptick on daily 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:VOLTASLong
by RK_Chaarts
NIFTY 50 TECHNICAL ANALYSIS ( ELLIOT WAVE )Nifty has finished the 5 wave motive structure now it's time for corrective wave corrective wave has started hence expecting a bearing movement tomorrow #elliottwave #bse #indianstockmarket #nifty #niftyanalysis #indianstockmarket #nifty #niftyanalysis #nse #banknifty #bankniftyanalysis #chartanalysis #chartpatterns #elliotwaves #tamil #english #banknifty #bankniftytomorrow #bankniftyprediction #bankniftytradingstrategies #bankniftyoption #bankniftylive #niftytomorrow #niftyprediction #niftytoday #niftypredictionfortomorrow
NSE:NIFTYShort
by chartpatterntrader01
NIFTY SPOT CHART ELLIOT WAVE COUNTSNIFTY spot chart is showing good impulsive moves, This week's price actions are adding good confidence to the view that a new upward trend has started now. We should continue higher as long as support near 17003 holds it can head towards 18170 next, and break above 18170 can move towards more north direction like 18761 and more, Wave counts are suggesting same and gaining confidence along with MACD supporting as same, also RK's Magic indicator is also suggesting to go long, One more thing is markable that price is closed above 20Week average for the first time since January. On the way down major support is pegged at 17003 which is recent weekly swing low. Overall looking bullish. Overall wave structure on weekly chart current scenario on daily chart macd positive crossover in weekly chart macd positive in daily chart price is closed above 20Week average for the first time since January 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:NIFTYLong
by RK_Chaarts
2
SILVERAfter sideways correction, Recently Silver started new impulse move, and now setup suggests that probably wave a-b-c decline in wave ii is complete, Silver retraced nearly 61.8% of the recent rise, also retested its triangular breakout point and recovered sharply. Once it gives positive close above 0-B trendline (purple resistance trendline) then it confirms that wave iii has started. RK's buy signal activated on daily time frame Support from rk's stop loss line along with lower bollinger band Silver retraced nearly 61.8% of recent rally 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:SILVERLong
by RK_Chaarts
GAIL is going to sail wave 5Gail looks to have come out of wave 4 and now making leading diagonal for starting wave 5. Leading Diagonal chart as below Upside potential of almost 60% expected targets near 230. One can look for lower target as well of 0.618 extension near 190. Details of entry exits and targets as per charts. 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. -------(((((Please LIKE or Comment)))))-------
NSE:GAILLong
by Niftydirection
NSE Devyani - Buy This Stock Now! *Read This Report carefully to get an accurate entry level for buyers.* Devyani International has created an all-time high of 198.90. Price faced supply pressure that bulls couldn't hold their power, and it has started correcting for upcoming impulsive structure. After counting the wave, we can name this correction 4th corrective wave, and the all-time high was impulsive wave 3. We know one basic rule of wave principle, " the ending point of the corrective wave is the starting point of the impulsive wave." What pieces of evidence do we have for the ending point of a corrective wave? + Price retraced back from 61.8% at 142.50 (from the low of 107.55 to the high of 198.99) + Wave 4 can occur at the 4th wave of a lower degree. The 4th wave has retraced back from the price territory of wave (4). If Devyani breaks the low of wave (C), it may complete the final move near the price territory of wave (4). + Price has already retraced 61.8% of wave 3. Wave C has created a throw-out which suggests the accomplishment of wave (C). But I am not a big fan of deciding without confirmation. Let the market commit first before you commit to the market. + Wave (A) = Wave (C). Wave C has retraced 100% of wave A. The trader can wait for a pullback to generate a new entry. If Devyani breaks wave (C), traders can wait for the gray zone. However, price has to break wave (B) to confirm its bull trend. Trade Setup Entry: Pullback Invalidation: wave 2 can never overlap the starting point of wave 1. Note: Never trade without confirmation. Short-term traders can trade for the following targets: 172-180 Positional targets for 5th wave: 187 - 200 - 230+ I will update further information soon.
NSE:DEVYANI
by forextidings
3
Nifty Z wave Up towards 17800 due in next few days before crashNifty is in complex correction going upwards from 15671 low which is called as wxyz correction. From low of 17006 nifty started final wave Z of which A and B looks completed today near 17199. Tomorrow it should start fresh up move after breaking 17308 immediate move is expected towards 17500. Z wave should end near 17800. Conditional entry above 17308 with stop loss 17199. 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. -------(((((Please LIKE or Comment)))))-------
NSE:NIFTYLong
by Niftydirection
2
Is Bajaj Auto at The Tipping Point To Start Bearish Move?Key Level: 3631 Quick explanation: Bajaj auto has started rejecting demand pressure. Price is bullish above pivot level 3629, But if the price fails to break the crucial pivot, traders can go short for the following targets: 3573 - 3441 - 3345. Detailed study: Bajaj Auto has been forming a downtrend channel for more than 14 months. It has created an all-time high of 4361 and started its secondary downtrend move. Bajaj auto has three rejections on the upper band & lower band. Currently, the price is on the top upper band of the parallel channel and facing resistance. If the price fails to break the parallel channel, traders can expect a price touch on the control line. The Control line has seven confirmation points, which validates the strength of the control line. We can see a pivot level of 3629 with five flip-flop confirmations. Bajaj auto is bullish above 3629, but the breakdown of this level will create concern for the buyers.
NSE:BAJAJ_AUTO
by forextidings
1
HAL Hindustan AeronautThis stock has given good breakout on daily time frame as well as on weekly time frame, along with a good intensity of volume, this is a newly listed stock and it is moving up impulsively, RK's Magic indicator is also suggesting to go long for forthcoming weeks, Overall Wave Structure is also suggesting same on weekly Charts, all trend indicators are also aligned with same bias. One can go long at current levels or in dips ( if any ) with immediate support of 1350 and major support of 1239. All the key levels are mentioned on chart. Overall Wave Structure could be like this on Weekly Chart. Breakout in Daily with very good intensity of Volume RK's Magic indicator is also suggesting to go long for forthcoming weeks This RED curve line is nothing but support-line / stopline and it also play role of TIME-LINE weekly macd positive crossover done Daily macd positive crossover, uptick & now above zero line too. Stochastic is already running positive, but now there is very little space pending upside in daily stochastic, so we can assume it should retrace some amount, before to go further up move. buy on dips is suggested. Overall, in weekly stochastic it has pending good intensity of space upside. Weekly RSi is uptick and also above 60 thats actually a good sign for bulls once it crosses above 62.10 on closing basis it would be definitely a trigger point for up move. if RSI in Daily retests nearby 55 numbers or upto 50 too. it can be a good buying opportunity. (may be or may be not retest) 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:HALLong
by RK_Chaarts
6
Technocraft Industries Wave 5 comingStock on weekly time frame has given flag breakout and looking bullish. MACD has given positive crossover above zero line and MACD histogram also turned positive which are signals for upside Expecting wave 5 to extend more than 0.618 Fibonacci levels. Entry SL and targets are as per charts. 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:TIILLong
by Niftydirection
RELIANCE INDReliance has given breakout of resistance trendline on daily chart along with very good intensity of volume, also it has been closed above 20WMA (Weekly Mid Bollinger Band) in addition to this macd in weekly is about to turn positive and daily has done positive crossover few days back, which is now uptick above zero line. Possibly wave 3 of 3 can now unfold. On the way up, it can rise higher towards the upper end of the rising channel which is currently pegged at 2918 coincides wave 1 and 3 both will be equal at nearly at same level. On the way down, RK's stop line and 20WMA , currently pegged at 2416 and 2340, will provide support in forthcoming weeks. RK's Magic positive signals to go long breakout on daily time frame with good volumes weekly chart some findings are mentioned in snapshot macd in weekly uptick above zero line macd in daily positive rsi in daily chart uptick and now at 60. 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:RELIANCELong
by RK_Chaarts
26
BankBarodaBankBaroda has posibly started an impulse towards north, recently it has retraced 61.8% of last rise, which we can say wave 2nd of some degree has been completed near 92 level, we can assume that now new impilse as a wave 3rd of some degree has been possibly started, which can show levels towards north upto 144 or more, trend indicators are also suggesting same, One can go long at current price or on any dips (if any ). On the way down 101 is now an immediate support and 90.75 is a major support. fibonacci retracement wave structure and key levels are mentioned on chart macd in weekly is positive macd in daily just given positive crossover rsi in daily uptick Disclaimer I am not sebi registered Analyst. My studies are for Educational purpose only. Please consult your Financial Advisor before Trading or Investing.
NSE:BANKBARODALong
by RK_Chaarts
Nifty Wave B Triangle Consolidation 17k comingNifty came up sharp 1000 points from low of 16671 in just matter of 3 days. Wave B looks to be triangle consolidation and has went max 0.236 fib retracement now to break it gap up opening needed. Wave C minimum expected to go 0.618 Fibonacci extension then next 1 extension near 17500. 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:NIFTYLong
by Niftydirection
4
Infosys 400 Points Crack Ahead Wave C about to startInfosys recently made high near 1845 and got rejected from 0.618 Fibonacci. The recovery it made from recent low 1665 was Flat abc(pink colour) correction where b was exactly touching start of a then wave c retraced up to 1.382 Fibonacci extension near 1845 On Larger degree correction not over yet and looks to be ABC zig zag correction which can take Infy towards 1445 which 1.382 extension in the form of five impulse waves as shown in chart. This expected within 1 month. Analysis invalidation level its all time high of 1954 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)))))------------------------------- Disclosure: I have Infosys 2 lots 1600pe @9 of Mar Expiry so my analysis can be biased. Do your your own study before taking blind trades.
NSE:INFYShort
by Niftydirection
13