Get started

Elliottwaveprojection

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
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