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Elliottwaveprojection

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
CIPLA: BULLISH FLAGStock is has formed a bullish flag pattern on weekly chart being the support region near 850 zone & resistance area at 1000 zone. Any sustained move above the level of 1000 will lead the stock to the new highs in a very sharp upside rally. Stock is consolidating from last 1 year , so the momentum after the breakout wil be strong. Trading strategy: Buy above 1000 with SL of 920 and look for the immediate target of 1100 and 1150. The measured bookish target for the bullish flag is coming about to be in the region of 1250.
NSE:CIPLALong
by TradingSutra
1
Nifty Outlook: Is This The End Of The Bull Market?After breaking the parallel channel, the price entered the value area. Price has started a seller initiative by going out of the price zone. Buyers responded more to sellers' initiatives with an excess. At this juncture, the price has entered the value area. The lower band indicates the demand pressure. If the price does not stay above the lower band at 17250, it could move downwards to the lower levels - 16628-16410 , because the price didn't break the 78.6% level. Otherwise, the price will surge towards 17369- 17487-17612. Note that if the price does not break the control line, it can not reach the upper band. Time frame: hourly
NSE:NIFTY
by forextidings
3
Will ICOMDEX Energy reach 7500 Before March? ICOMODEX ENERGY is forming an impulsive wave 3. Price has finished the corrective wave (iv)of wave 3, and the price is forming an impulsive wave (v) of wave 3. Price is about to make the last leg v. If the price breaks the high of w. iii, it can make an upward move of 7135 - 7290- 7355 -7477. After the accomplishing of wave 3, the price will fall and break the acceleration channel. What are the turning points for the prices? + Wave v can finish at 2.618 (7477) reverse Fibonacci retracements of Wave iv. + W.(v) can finish at 2.618 (7167) reverse Fibonacci of w.(iv) + 3rd wave can end after the breakdown of sub-channel. I will upload further information for intraday traders.
M
by forextidings
Nifty Tomorrow wave 3 or C to start UpNifty completed today one five wave sequence up at 17220 then in b or wave 2 correction. Tomorrow any dip below 17000 to 16980 will get bought in for upside towards 17360-540 levels. Gap up opening or move above 17100 will be first confirmation of rally 2nd confirmation will be swing high 17175 break. 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:NIFTYLong
by Niftydirection
1
US Oil or Crude Wave 4 Expanding flat correctionCrude seems to be in expanding flat correction as wave A of B is clear 3 wave structure and B wave moved past start of Wave A. Wave C of B is extended 2.618 fibonacci levels. Wave 5 of C of B is getting rejected at 0.618 fibonacci level also MACD have given negative crossover these are couple of negative signals. Break of swing 88 will confirm downside as it will come out of channel. This will ensure movement towards end of wave A. 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.
TVC:USOILShort
by Niftydirection
NSE PEL Is Preparing for 2400 - 2301Targets: Traders can initiate short positions for the following targets: 2400 - 2376 - 2301 - 2279 BUT DON'T TRADE BLINDLY . Read this following research to get how it is making selling opportunities for the intraday traders. PEL is forming a double combination pattern on the 4-hour timeframe chart. Price has constructed LL(lower-low) and LH(lower-high) to confirm the bear's existence. Wave Formations: Wave (W) is a double zigzag formation with seven wave structures. Wave (X) is a contracting triangle with five sub-wave structures. Wave (Y): Sub-wave wave A & B has occurred, and wave C is progressing. Sub-wave B has completed at 61.8% Fibonacci retracement of wave A at 2531 . The culmination point of wave C: Wave C can end at 61.8% of wave A at 2279 . Wave C can cease at 50% of wave A at 2333 . Wave C can conclude at the control line, and 61.8% of wave ((w)) at 2376. After completion of wave C, the price will start its bull run.
NSE:PEL
by forextidings
Sundaram Clayton Rounded Bottom formationStock looks to have completed Expanding Triangle pattern in wave 4 and have bounce after taking support near 3700. On longer term horizon stock is making rounded bottom pattern which after completing should make cup and handle pattern. Wave 5 targets Entry and stop loss 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.
SLong
by Niftydirection
Asian paints case study: using Elliott wave & price action. Asian paints had corrected more than 16% in just a month . After 101 days, the price is back to the strong support zone. Price has made a kangaroo tail/hammer candlestick pattern on the support zone. 200EMA is also near to price. Wave principle is also giving a similar explanation. There are three confirmations to find the ending point of wave four. 1. Price can take 61.8% retracement of the 3rd wave at 2782 , which is also a monthly support level. 2. Wave 4 can end nearby to support area. 3. sub-wave C of wave four is 161.8% of wave A at 2845 . If the price enters the parallel channel, we will get a candlestick pattern and support zone's demand pressure. 200 EMA is also supporting this statement, which is close to the price. Or we have to wait for the monthly support level where the price is getting support, but entry is not possible without any reversal signal. If the price isn't giving any reversal signal, the price will fall continuously. Violation: Wave 4 can never touch wave 1. (at 2692) I will upload an intraday chart with entry and targets the Asian paints soon.
NSE:ASIANPAINTEducation
by forextidings
3
Part 3: Elliott Wave Principle - Double three correction guideIt looks like mother Sumi has completed the 4th wave correction, and the ending point of the corrective wave (4) is the starting point of wave (5). Wave (4) is occurring in double three corrections. A "double three" consists of two corrective patterns, the first labeled W, and the second label Y, separated by a corrective pattern on the opposite side, which is labeled X. Wave formations: Waves W is a zigzag correction pattern. Wave Y triangle. Wave X could form any correction pattern. Wave X is smaller than wave W & Y. Rules and objectives: 1. Double three is a corrective structure that includes more than one type of corrective pattern. 2. It consists of three waves, which are marked W-X-Y. 3. A triangle may occur only as wave Y in a double three. 4. In most cases, double threes are not deep corrections. 5. wave Y usually ends at 100% – 161.8% Fibonacci extension relative to wave W. 6. Wave Y should not go below the 161.8% Extension of Wave W. It shows that the corrective trend is strong. 7. There never appears to be more than one triangle. What are the double threes? Price picks up momentum when it starts an impulsive wave. After accomplishing the impulsive wave, it corrects the previous move by a three-wave pattern. These three waves were not enough to complete correction because of the high momentum & directional power of an impulsive wave. Price creates another three-wave move to complete the correction by merging through intermediate wave X. Let me make it easy by explaining and structuring examples. Double three Structure: Real Example:
MEducation
by forextidings
68
Part [A] Basic of Wave Principle Elliott Wave background In the 1930s, R.N Elliott identified the price of the stock trends and reversed a specific pattern. This pattern is repetitive in form and, the patterns have predictive value. He decided to use this pattern (Elliott wave theory) to predict the market. The Elliott wave is not primarily a trading system. It is a detailed description of how the market acts. The Elliott wave is part of technical analysis. Also, the Wave principle is the reassembled form of dow theory. -Elliott Wave Principle The key To Market Behavior] Waves in the market? We all know that price never moves in a straight line. It will neither fall in a straight line nor rise in a straight line. Price will create highs and lows. And this high and low creates waves. Elliott wave theory is all about counting waves and, we are going to use the Elliott wave to trade the market. Now, the concept of waves is acceptable for you. Elliott wave theory is made of 5+3= 8 waves. Let me show you that structure in both trends. In bull market ( UP Trend ) : Figure 1.1 This is the Elliott wave structure in an uptrend. As we discussed, Elliott's wave theory is made up of 5+3=8 waves. Where five waves move with the trend and three waves move against the trend. In Bear market (downTrend) : Figure 1.2 This is an example of Elliott wave theory in the Bear market. We can see that five waves move with the trend and, three waves move against the trend. Take a deep breath, I know you have lots of doubts in your mind. Let me solve some. 1. Elliott wave theory works in any time frame. 2. These 5+3=8 waves will give us a market edge. It will provide strong trends & trend reversals. 3. The accuracy of Elliott wave theory is 84% of you are using the wave principle correctly. Practical Example of Elliott wave theory : In the Bull market : Figure 1.3 This is the TATA MOTORS 4 hour timeframe chart. I used bar charts because It is easy to recognize Elliott's waves in bar Patterns. Well, it works for me to recognize if you feel that you can recognize patterns in another chart, go ahead with bar charts! In Bear Market: Figure 1.4 : This is the ITC daily time frame chart. It shows the beautiful Elliott wave structure in the Bear market. Elliott wave structure : Now, we all know that Elliott is made of a 5+3= 8 wave structure. So, Let's start getting into it! To understand the wave principle, we have divided the wave structure (5+3=8) into two Phases which are an Impulse phase/structure & a corrective phase/structure. Figure 1.5 This picture illustrates Two phases of the Elliott wave principle. The impulse phase is made up of 5 waves and, the corrective phase is made up of 3 waves. Figure 1.6: This picture divides the wave principle into two phases. 1. Impulse phase/structure ( which includes five waves and, which moves with the trend you can see in bull market impulse phase is going upward and in a bear market, impulse phase is going down which is directional move.) & 2. Corrective Phase/structure ( which includes three waves and which moves against the trend, you can see that in bull market corrective phase is going downward and In bear markets, the corrective phase is going upward, which is a counter-trend move. Figure 1.7 , Elliott wave has 2 phases. motive/Impulse phase ( directional move ) and corrective phase(counter trend move). We can divide these 2 phases into two types of waves. Impulsive waves and corrective waves. Let’s zoom in on the impulse phase to understand the underlying structure and wave behavior. Motive/Impulse Phase : Important things about the impulse phase 1). Motive/Impulse phase is a Five wave structure that includes wave1,2,3,4 & 5. 2). motive/Impulse phase is a directional move ( moves with the trend.) 3). The Ending point of the impulse phase is the starting point of the corrective phase. 4). motive/Impulse structure is powerful than corrective structure. 5) Impulse phase can divide into two types of waves i) Impulse waves: 1, 3,5 ( move with Trend of impulse Phase ) ii) Corrective waves: 2,4 ( Moves against the trend of Impulsive Phase) Let me give you a quick understanding because we are going to cover these waves in-depth, Impulsive waves are trend-following moves. We can find this type of wave structure in both phases. Impulsive waves create trends.Impulsive waves are (1,3,5,A,C) Corrective waves are counter-Trend moves. We can find this type of wave structure in both phases. Corrective waves provide pause to continue the trend, Corrective waves : (2,4,B) Motive/Impulse Phase in Bull market Figure 1.8(A) , wave 1,3,5 is an impulsive wave of impulse phase because The trend of impulse phase up and, Impulsive wave are following the trend and heaving upward move. And wave 2,4 is the corrective wave of an impulse phase because the trend of the impulse phase is up but, the corrective wave is moving down, which is against the trend. Motive/Impulse Phase in Bear Market : Figure 1.8(B), wave 1,3,5 is an impulsive wave of impulse phase because the trend of Motive/impulse phase down and Impulsive wave are following trend and heaving downward move. And Wave 2,4 is the corrective wave of an impulse phase because the trend of the Impulse phase is down but, the corrective wave is moving upward, which is against the trend. Corrective Phase/structure : Important things about the impulse phase 1). The Corrective Phase is a three-wave structure that includes waves A, B, C. 2). The corrective phase is a counter-trend move ( moves against the trend.) 3). The Ending point of the corrective phase is the starting point of the Impulse phase. 4) correction phase can divide into two types of waves i) Impulse waves: A, C ( move with Trend of correction Phase ) ii) corrective waves: B ( moves against Trend of correction Phase ) Corrective Phase in a bull market: Figure 1.9(A ): wave A, C is the impulsive wave of the Correction phase because the trend of the correction phase is down and Impulsive waves are following the trend and heaving downward move. And Wave B is the corrective wave of a Correction phase because the trend of the Corrective Phase is down but, the corrective wave is moving upward which is against the trend. Correction phase in Bear Market : Figure 1.9(B) : wave A, C is the impulsive wave of the Correction phase because the trend of correction phase Up and Impulsive waves are following the trend and heaving Upward move. And Wave B is the corrective wave of a Correction phase because the trend of the Corrective Phase is Up but, the corrective wave is moving down, which is against the trend. [ Note : here, the correction phase moves against the trend. That's why the market has a Downtrend but, the correction phase is in an uptrend.] Impulsive wave structure : 1. Impulsive waves are directional moves that are bigger than corrective waves. 2. Impulsive waves create trends. 3. Impulsive waves are subdivided into five waves. ( that means wave 1,3,5, A, C which moves with the trend will have five sub-waves.) 4. Impulsive waves are easy to recognize. (Impulsive waves can also be called motive waves) 5. Ride of impulsive wave can give us a high probability trade setup with high Rewards We are going to cover impulsive wave formations in the next part. (diagonals,extensions,Impulse,Truncation) Figure 1.10: As we discussed, Impulsive waves subdivide into five waves. Here wave 1,3,5, A, C has five subwaves which you can see in the chart.
NSE:ITCEducation
by forextidings
89
Tata Chemicals : Swing Buy, Buy for IntradayTata Chemicals Limited is an Indian global company with interests in chemicals, crop protection and specialty chemistry products headquartered in Mumbai, India. CMP: 944.05 Target: 976-1003 In Tata Chemical Sideway trend completed also given breakout and form 1st Elliott Wave. Best for Long term. For Intraday On 31st Jan 22 Watch opportunity to buy. ( Must watch Bullish Candlestick Pattern, Stop loss as per Candle Stick Pattern) Feel free to share your feedback and queries. If you want to know about your stock please mention in comment. Note: This is not Paid only for Educational purpose.
NSE:TATACHEMLong
by vahabsheikh
2
EWT: Will Crude Oil Reach 7000?Crude oil is forming impulsive waves ((5)). After the completion of wave ((3)), the price had started complex running flat of the corrective wave ((4)). Wave B has crossed the high of wave ((3)), but wave B couldn't break the low of wave A. Price has made a failure of swing low, which was a rejection of a downtrend, and crude oil gained momentum. Price has exceeded the sub-wave B of wave ((4)). Sub-wave 4 of wave ((5)) is in progress. If their price breaks out the high of wave 3, we can expect the following target for final sub-wave 6697-6785-6865+ . It means the price has bullish sentiments above wave three and vice versa. Breakout of the parallel channel shows the weakness of the impulsive wave. Note that wave four can never overlap the starting point of wave 1.
MCX:CRUDEOIL1!
by forextidings
2
EWT: High confidence Trade-setup for ACE Construction.ACE construction is forming a contracting triangle of waves ((4)). To draw parallel lines, I have connected wave ((2)) & wave ((4)) and merged with wave ((3)). Wave ((1)) - Five wave impulse wave ((2)) - Sharp correction - 50% retracement of wave ((1)) Wave ((3)) - Five wave impulse - Power extend Wave ((4)) - Contracting triangle - sideways correction - 38.2% of wave ((3)) Wave ((5)) - Wave ((5)) can be equal to wave ((1)). - It can end near a 1.618% extension of wave ((4)). We can expect the following targets of 273 - 292 - 320+ after the breakout of the B-D trendline. In case if price breaks the A-C trendline to completed wave E, it can fall up to 139 . According to Elliott wave, wave (4) ends near the lower degree of wave 4. Price action Perspectives: In this chart, we can see the crossover of multi-exponential moving averages. And the price is formed a value area for more than two months. If the price breaks out of this value area range, we may see an upward move for our targets.
NSE:ACE
by forextidings
10