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Elliottwaveprojection

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
EWT: NSE United Spirits Multiple Time frame studies United Spirits has started wave cycle from 85.20 . Wave ((1)): Wave ((1)) is an impulse pattern that occurred in 201. Wave ((2)): Wave ((2)) is a zigzag pattern that occurred at 95.55 . Wave ((2)) retraced 100% of wave ((1)). Rule 1: Wave ((2)) can never overlap the starting point of wave ((1)). Wave ((3)): Wave ((3)) is an impulse with extensive nature 3.618% of wave ((1)) occurred at 816. Rule 2: Wave ((3)) can never be the shortest impulse wave. Wave ((4)): Wave ((4)) is a triangle pattern with a five-wave structure retraced 50% of the wave ((3)). A: 594 B: 801 C: 438 D: 742 E: 442 (terminating wave) Price surged after the breakout of the B_D trendline. Rule 3: wave 4 can never enter the price territory of wave 1 Wave ((5)): Currently, price is forming an impulsive wave ((5)). Wave ((5)) has retraced 161.8% reverse Fibonacci of wave ((4)), which is the most acceptable retracement for wave ((5)). Let's check the Fibonacci extension of the wave. Wave ((4)) extended 78.6% of wave ((1)) through ((3)) at 1020, and the price had made a high of 1019. It is also an ideal level for wave ((5)). We still have a 100% Fibonacci extension level for wave ((5)). Our next step is to analyze the lower time frame chart and study the sub-wave behavior of waves ((5)). I am working on the lower timeframe, and I will update it here. It will remove your confusion. Thank You :)
NSE:UNITDSPR
by forextidings
5
Nifty Elliott Waves structure - 18 march 2022Hello, Nifty might be following the elliott wave pattern. From the chart, we can see the 1st wave is made of 336 points downmove and 2nd wave was just around 38%, 191 points of upmove. And after that, we have this big 3rd wave, with a gapdown opening today (18th March 2022), this selling might get over near 17060 or 17000 or 16960. (But my view is it might get over near 17060). Now from the lows of whatever low it makes in the 3rd wave, we might atleast go up by 190 points (which was made in 2nd wave).But general rule of Elliott states that if 2nd wave is around 38% then 4th might go uptill 50% of 3rd wave. so we can assume , the 4th wave might complete near 17200 or 17250 or 17350, Depending on the lows of the 3rd wave. After the completion of 4th wave, probably by wednesday, we might continue out downmoves of another atleast 340 points (1st Wave points) atleast. As of now will check near 17060 and then 17000. Will keep on updating this structure if required.
NSE:NIFTYShort
by neostockmatrix
CRUDE OILCRUDE OIL Looking good to go long at current levels or in dips ( if any ), there is a good and clear assumptions of wave structure along with trendline breakout on daily time frame. Price again closed above mass psycology cloud, and also above RK's stop line and also price has given close above 20DMA, also trend indicator macd is showing same bias to go long. On the way up side it can show 8883, and 9978 levels and more, on the way down RK's stop line which is pegged at 7687 would be a major support to watch out for upcoming days. Overall wave structure of U S OIL - CRUDE OIL international Daily Chart Overall wave structure of CRUDE OIL MCX Daily Chart macd on weekly positive MACD in mcx crude daily chart Price again closed above mass psycology cloud, and also above RK's stop line 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:CRUDEOIL1!Long
by RK_Chaarts
2
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