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Elliottwaveprojection

Nifty wave 4 correction to startNifty looks be in deep correction currently in 4th wave which should be flat, triangle or complex correction towards 0.382 fibonacci levels. 5th wave to start after this correction. Alternative 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:NIFTY
by Niftydirection
NIFTY Research Report 2: Elliott Wave And Price Action analysis-------------------------------------------------------------------------------------------- Timeframe: 1- Day Theory: Elliott Wave ------------------------------------------------------------------------------------------------ Click here to read research report 1: ------------------------------------------------------------------------------------------------ Timeframe: 1- hour Theory: Elliott Wave ------------------------------------------------------------------------------------------------- Let's zoom the 5th impulsive wave of wave ((5)) to know the current situation of the Wave cycle. The ending point of wave 4 is the starting point of wave 5. After the accomplishment of, triple zigzag, the price has started an impulsive wave, and it has broken the X wave. X was had holder the correction, and break out of X wave increased public participant in nifty. Wave formations of the impulsive wave 5 of wave ((5)). Wave ((i)) is a leading diagonal. Wave ((ii)) is a zigzag correction, retraced 50% of wave ((i)). Wave ((iii)) is a five-wave impulse where sub-wave v is near to being completed. After the completion of wave ((iii)) , the price will start the corrective wave ((iv)). The question is, how to know if the corrective wave started or not? The best way to find the starting point of the corrective structure is the breakout of the base channel. If the price breaks the base channel, it may end near the previous wave (iv). I have already mentioned levels in the daily time-frame analysis. If the price couldn't break down the parallel base channel, it can create a new high, but it will give a short pullback to increase public participants. ----------------------------------------------------------------------------------------------- Timeframe: 1- hour Theory: Price Action Analysis ------------------------------------------------------------------------------------------------- Price has broken out the downtrend channel and started an upward move. However, the current bullish move looks strong, but the price can't make a new high without proper retracement. Nifty can't get public participants Without trend pause( correction). If the price breaks the parallel channel, we can expect the following support level: 18232-17944-17604-17261 Please note that the price is bullish above 18250 . If the price takes support on the parallel channel, it can go for 18600-18845+ to touch the upper band of the channel.
NSE:NIFTY
by forextidings
35
BITCOINAfter completing 12345 impulse move Bitcoin showing that it is currently in final corrective phase C of ABC. When bitcoin broke the rising channel it was the 1st sign that possibly the entire move up is 3 waves. after completing wave B of ABC, now it has broken 2nd support level marked on chart, this confirms that the entire rise was wave B, and currently we are in wave C of ABC, The parallel channel around the entire structure gives us the downside level of 30800 for wave C to complete. Overall wave structure could be like this macd in weekly macd in daily rsi in daily 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.
BITSTAMP:BTCUSDShort
by RK_Chaarts
Will bull traders drive Apollotyer above Rs.300?Preface APOLLOTYER is preparing for a bull run. After completion of the 3rd wave at 261.2. Price had started a corrective wave ((4)) and took 38 weeks to finish this structure. A trader can trade impulsive wave ((5)) to make a high confidence trade setup. Wave Formations and Fibonacci relationships: Wave ((1))is an impulse with a 5-3-5-3-5 wave structure. Wave ((2)) is a zigzag move. Fibonacci retracement of wave 2 is 50% of 1st impulsive wave at 109.55. Sub-wave of wave 2 fulfilled the rule of equality (wave A= wave C) Wave ((2)) is not exceeding the starting point of wave 1. Wave ((3)) is an extensive impulse. 3rd wave has 261.8% retracement of 1st impulsive at 261. Wave ((4)) is a triple three with a 3-3-3-3-3 wave structure. It retraced 38.2% of the 3rd wave and did not overlap the starting point of wave 1. What will happen next? Completion of sub-wave z indicates that the corrective wave has ended. Price has started forming sub-waves of wave 5. The sub-wave z of wave ((4)) has formed a descending channel. If the price breaks descending channel and close above sub-wave ((b)) at 237, it will confirm the impulsive behavior. (Note that the ending point of the corrective wave is the starting point of an impulsive wave.) A trader can expect the following targets:237-250-279-297+ Target 1: 237 Target 2: 250 Target 3: 279 Target 4: 297+ The safe traders can wait for the breakout of wave X. If the price fails to break the wave X, correction is about to make a new leg down. They can enter on the pullback to enter where they can manage risk with tight stop loss. Invalidation: pullback can't break the low of wave ((4))
NSE:APOLLOTYRELong
by forextidings
6
Dhampur Sugar wave 5 in progressStock looks to hgave broken out of consolidation 4th wave and started 5th wave 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:DHAMPURSUGLong
by Niftydirection
Alembic Pharmaceuticals is preparing for Rs. 140+Alembic is having a double zigzag( W-X-Y) correction of wave ((4)). Price is stuck on the ending diagonal of wave Y. According to the Elliott wave principle, if the price breaks up the ending diagonal, the price is supposed to reach the targets of 114-123-139 and more . However, the price must confirm the trend by breaking the wave (X). In case if price breaks the low of wave Y, it can fall up to 79 . At this level, wave W has traveled 100% of wave Y. After that, it will initiate an uptrend for the above targets.
NSE:ALEMBICLTDLong
by forextidings
4
NSE IDFCFirstBank Bullish Cycle Started Preface: IDFC First bank is ready to march upward. After making the high of 69.30, the Price has started the corrective wave four and took 179 days to complete. The ending point of wave 4 is the starting point of impulsive wave 5. Wave Formations And Fibonacci Relationships: Wave 1 is a Leading diagonal which has a 3-3-3-3-3 sub-wave structure. Wave 2 is a combination where wave 'W' is a zigzag & wave 'Y' is a triangle. Fibonacci retracement of wave 2 is 38.2% of wave 1. Wave 2 is not exceeding the starting point of wave 1. Wave 3 is an extensive impulse. 3rd wave has 261.8% retracement of wave 1. Wave 4 is a zigzag correction with a 5-3-5 wave structure. Sub-wave of wave 4 fulfilled the rule of equality (wave A= wave C). Wave 4 retraced 78.6% of wave 3. What will happen next? Completion of sub-wave C indicates that the corrective wave has ended. Price has started forming sub-waves of wave 5. Wave (ii) retraced 78.6% of wave (i). If the IDFC First Bank breaks the high of wave 1, it will confirm the impulsive behavior of wave (iii). (Note that the ending point of the corrective wave is the starting point of an impulsive wave.) A trader can expect the following targets: 64-74.64- 86.2+ Target 1: 64 {Clusters: high of wave B,161.8% of wave (iii), 78.6% of reverse Fibonacci retracement of wave 4} Target 2: 74.64 {Clusters: 2.618% of wave (i) through (iii), 161.8% of wave 1 through 3} Target 3: 86.23 {Clusters:78.6% reverse Fibonacci retracement of wave 4, dynamic resistance}
NSE:IDFCFIRSTBLong
by forextidings
16
Corrective Wave Pattern- PHILIPCARBHope the above chart helped you in understanding about how the Elliott Corrective Wave Theory works! So we have the example of PCBL here which was in a correction, forming the Elliott five waves and now is under accumulation phase. It has already broken the trendline and is now expected to break the consolidation phase and then complete our wave theory according to which the downtrend ( correction phase) is now over and now it is ready to start a new uptrend. During accumulation we can notice good volumes getting in and we can therefore expect 20% move in the near future. Feel free to give your views on my analysis. DYOR as well 👍 Happy Trading1
PLong
by UnknownUnicorn21160479
19
Reliance and nfity both will resume their uptrend very soon Nifty is following heavyweight reliance. it seems that both are under WXYXZ correction mode and last leg of correction (i.e. wave Z) is under progress. Sub wave (v) of Z may take reliance to 2220 level which is 255 DEMA ( acted as very strong support) and should complete the correction. After completion of this wave, the original trend which is uptrend , will resume. levels are described on chart. Disclaimer: This is purely for education purpose only. use your own analysis or consult your financial advisor before taking any trade on this analysis.
NSE:RELIANCEShort
by nirmalmishra
WIPROWipro has shown good strength and featured in the list of the strong stocks in the past 10 trading sessions, If we look at the setup, the stock is trading perfectly within a channel. Recently, it took support at the lower end of the rising channel and has crossed its key hurdles, The upper of the rising channel is around the 850 levels. In term of wave counts, wave (iv) correction looks like completed, and now wave (v) can be possibly unfold, If we assume that wave (v) can be equal to wave (i), then it can show the level of 815 upcoming, On the way down 20DMA and 50DEMA can provide immediate good support which are pegged near 648 and major support is recent swing low at 598. All the key levels are mentioned on chart Parallel channel structure Wave structure could be like this macd in weekly uptick macd in daily positive and uptick and above zeroline rsi in daily breakout and above 60 with uptick adx dmi positive bollinger band action Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing I am not responsible for your profits and losses
NSE:WIPROLong
by RK_Chaarts
2
"DUKH BHARE DIN" is nearing to End for Nifty ??As projected earlier, nifty already touched the sub 16600 level ( precisely 16410). as per present trend , It seems that wave z of WXYXZ correction is under progress and presently sub wave iv of Z is progressing. This sub-wave iv should terminate at around 17013 and sub-wave v would take nifty again towards 17500 level or below depending upon momentum and that might be the final wave of correction. During sub wave v we might see, positive divergence in Nifty. Rest is explained for chart. Disclaimer : This is for education purpose only. Analyze yourself or consult the expert before making any decision based on on this analysis.
NSE:NIFTYShort
by nirmalmishra
EWT Correction Wave - SBIN - New lifetime highs soon 🚀Hi Traders, Here is a detailed analysis on SBIN which has been following Elliott Wave Correction Theory, on 1h, We are currently experiencing Wave B and we have to enter at the beginning of Wave C i.e. near 480 levels. Pls refer to the above chart to notice characteristics of each wave. Also SBIN has been following a strong uptrend, we can see it is taking support at the same trendline that it has had been following since November 2020. Also we have turned a major supply zone into demand zone and we are also at a 0.618 fib retracement level aka golden zone. Now we have witnessed many confirmations. Let us moon together. Happy Trading 💹E
NSE:SBINLong
by UnknownUnicorn21160479
Hero MotoCorp 2x-3x potential in long termStock is in wave 2 zig zag correction and dropping towards 0.618 Fibonacci. Good to add in range 2500-2200 with Stop Loss 1980 for long term for 2x-3x returns 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:HEROMOTOCOLong
by Niftydirection
INDIAN ENERGY EXCHANGE ( IEX )IEX has given Breakout from (0) and (B) trendline with good intensity of volume in daily time frame, Wave structure is also suggesting impulse move ahead, Now wave 4 has seen a long consolidation and we may be ready for wave 5, as wave 5 unfolds we may go towards 350 and 380 plus areas, All other indicators like macd, rsi, dmi adx, bollinger band, and stochastic are also suggesting positive trend ahead, One can go long at current levels or in dips (if any) with mentioned stop loss for mentioned targets on chart. Wave structure could be like this Breakout with good intensity of volume key levels are mentioned on chart along with stop loss and targets Volume decreased in corrective phase MACD in weekly running in positive and now uptick that too above zero line MACD in daily positive crossover and now uptick that too above zero line rsi uptick and above 60 and 70 in daily time frame upper bollinger challenged in daily time frame dmi adx positive ungali setup in daily Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing I am not responsible for your profits and losses
NSE:IEXLong
by RK_Chaarts
12