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Elliottwaveprojection

Nifty - Awaiting the Fifth Wave for a BreakoutNifty recently hit a low of 21,905 , marking a key reversal point in the trend. A well-defined Head and Shoulders pattern is emerging, with the right shoulder currently forming. The ongoing pullback has retraced to the 38.2% level, but there is potential for it to extend towards the 50% mark at 22,906 . However, the upward move appears to be losing momentum, with buying interest remaining subdued. Based on the chart, the head of the pattern signifies the beginning of a new impulse wave. This appears to be the fourth wave within the larger first wave. Once Nifty completes this corrective phase, the fifth wave is expected to present a trading opportunity. If wave equality holds, Nifty could potentially rise to 24,857 .
NSE:NIFTY
by Money_Dictators
1
GOOGL - Elliott Wave Final ShowdownGOOGL has dropped over 27.28% , reaching a minor profit-booking zone. The $150 level serves as a key demand zone, where a potential price reversal could occur. The formation is either expanded flat or a running flat on the daily timeframe chart. Confirmation is best observed near the lower trendline of the parallel channel. If bearish momentum persists, prices may decline further to the $142-$140 range before a strong rebound. Once the correction ends, the upside targets are $168, $180, and $195. A new low will form if the previous low is breached. Further research will be uploaded soon.
NASDAQ:GOOGL
by Money_Dictators
Is Bitcoin on the Verge of a Massive Breakout?Bitcoin's wave ((4)) has successfully completed a W-X-Y corrective formation. If Bitcoin manages to decisively break above the key resistance level of 88,826, it could trigger a powerful impulsive rally, potentially driving prices toward the next major targets at 95,250 - 99,508 - 109,176. Additionally, the parallel channel's lower trendline is offering substantial support, preventing further downside movement. A strong breakout above this channel could significantly enhance bullish momentum, increasing the probability of Bitcoin reaching new all-time highs. We will update you soon!
BITSTAMP:BTCUSD
by Money_Dictators
1
Shocked by Nifty50's sharp correction? Don't worry!Today NIFTY has crashed by 350+ points and reached 23165, a correction from 23800 levels . Let me explain, This Nifty Daily chart is a classic example of how many fundamentals of Technical Analysis are satisfied. 1) Old resistances in 2024 at 22800 will now become Support levels 2) If it goes to 23000 and stops at 22800 levels it also fulfils the Wave 4 criteria, which says that Wave 4 never gets in Wave 1 territory 3) If this happens, the chart also completes an Inverse Head and Shoulder's Right Shoulder bottom to make an up-move towards the Neck. 4) if it crosses the Neck, the targets of Nifty will be above 25500, which will be 2500+points. Technicals are beautiful only when you practice them.
NSE:NIFTYLong
by marwah.raghav
Is gold going to be eclipsed? ------------------------- Timeframe: 240 Min ------------------------- The price action suggests a completed impulse structure originating from the 2833 low, with gold now trading at an all-time high. Based on cluster zones and Fibonacci extensions, wave (5) still has the potential to extend toward the 3150-3200 range. This zone represents a key resistance level where buying momentum may slow down, signaling an impending shift in market dynamics. Once wave (5) completes, it will mark the end of wave ((3)) of a higher degree, setting the stage for a corrective move. A retracement toward the previous wave (4) level is expected as wave ((4)) develops, aligning with historical corrective behavior after extended rallies. This phase will provide crucial insights into the market’s next major move. Stay tuned for further updates.
OANDA:XAUUSD
by Money_Dictators
2
BANKNIFTY: Elliott Wave AnalysisBANKNIFTY counting using Elliott Wave theory is done from 13th January. We can see FLART- ZIGZAG- ZIGZAG CORRECTION marked in the chart. The top made on 6th February is marked as wave (W) because it has 3 moves in it. The fall after that was sharp and fast. This is the characteristic of wave (X). Now, according to my analysis price is standing on wave (B) of wave (Y). and as per previous observations, wave (Y) always crosses the top of wave (W), so we can expect it to go up to 100% extension. This not any buying or selling recommendation. This analysis is based on Elliott Wave theory and Fibonacci. For educational purpose only.
NSE:BANKNIFTY
by theprofityogi
5
NSE LINDEINDIA – Elliott Wave ProjectionTimeframe: Daily NSE LINDEINDIA is currently trading below both the 100 and 200 EMAs, indicating a bearish trend. The ATR stands at 232, reflecting low volatility while supporting the ongoing downward movement. The price action has formed a descending channel, with a clear corrective pattern visible within this structure. The price has completed wave 5 of wave (C) and begun moving upward. A downward value area is visible near the lower band of the descending channel. The price has reached 100% of wave (A), suggesting it has hit the anticipated Fibonacci ratio, indicating a potential correction. To confirm this assumption, the price must break above wave 4 of wave (C) at 6800 . If this breakout occurs, traders can look for the following targets in a long setup: 7500 – 8198 – 8660+. We will update further information soon.
NSE:LINDEINDIA
by forextidings
Nifty50: We are at the Cusp of a Mega Bull market till 2026 !!As per my Time cycle and Elliot wave forecast, we can see major lows in the markets are formed on or near this 144 days GANN cycle, so as per this research, a meaningful low is now due in our Indian markets in coming weeks, a low which will not to tested for the years to come, so don't be afraid of the ongoing correction which is at the matured stages, don't fold your SIP's or Investments, its time to be GREEDY for the rest of 2025 and 2026, Accumulating nifty via Nifty bees now and can near key retracement levels (Refer chart) can be a wise Idea.
NSE:NIFTYLong
by chinmaypatnaikk
3
BankNifty's Elliott Wave : Can It Reach Targets 49250+ & 49650+ As Elliotticians, this is one of the cardinal rules often overlooked, leading analysts and traders into traps. However, knowing the "line in the sand" where you could go wrong—48610—is crucial. Getting the opportunity and executing the trade is another challenge, leaving no room for emotions. Emotions in trading can be dangerous; in fact, managing emotions is equally important in real-life decision-making. As discussed earlier today, just 60 minutes ago, the question remains: Can we touch 49250+ and 49650+ upside targets? Always consult your financial advisor before making any trades. Regards, WaveTalks Market Whispers - Can You Hear Them?
NSE:BANKNIFTYLong
by WaveTalks
12
MCX Gold: Elliott Wave Insights on Ascending ChannelTimeframe: Daily MCX Gold has been trading within an ascending parallel channel for over 65 weeks . The value area highlights zones of supply and demand, with the control line exerting a gravitational pull on the current price. Within this structure, there are four zones of no trading activity and two neutral zones. A triangle pattern is forming around the control price, indicating a potential price movement. If the price closes above the control line, it could potentially reach the following targets: 77660 – 78560 – 79600+ . On the other hand, if the price breaks and closes below the strong support level, we may witness a short decline, possibly reaching the lower band of the parallel channel. We will update further information soon.
MCX:GOLD1!
by forextidings
1
Bank Nifty - Is this A Rising Wedge from 47898 As discussed early morning .... 49000 was our key & psychological level ... Index dropped & came close to 48500-48600 zone Falling From 49000 Level Support Zone 48500-48600 Makar Sankranti marks the Sun's transition into Capricorn and the beginning of an auspicious period. Historically, equity markets turn optimistic post-Makar Sankranti, driven by cultural sentiment and Budget expectations. Will Budget 2025 keep the trend alive? 🌞 This comes after a 26-day fall in major benchmark indices, which started on 5th Dec 2024. In the last two days, the index surged from 47,898 to 49,000. However, during the first half of today's session (15th Jan 2025), it fell below 49,000, hitting a low of 48,522 as shown in the snapshots
NSE:BANKNIFTYLong
by WaveTalks
4
GUARGUM51! - Key Trends and Price PredictionsOn the NCDEX, guar gum has formed an Elliott Wave cycle, with the final Wave E of Wave (4) approaching completion. A confirmation above Wave D could shift the entire outlook in favor of buyers. From a price action perspective, 9830 serves as a strong support level, while 13,650 acts as a supply zone, both of which have remained significant for over four years. Wave D represents a critical midpoint, ensuring a push toward the upper supply zone once the price sustains above this level or Wave D. If the price has completed Wave (4) and has broken above Wave D, it is likely to reach the upper boundary of the value area, around 13,650 . However, with the ADX (Average Directional Index) at 17, this suggests a weak trend, indicating that the current price movement lacks strength. If the price closes below the demand zone at 9,830 , it could delay the expected bullish move. Traders should wait for confirmation before entering a long position to ensure a stronger trend.
NCDEX:GUARGUM51!
by forextidings
PTC India in Wave IV of 3Date: 23.12.24 (Post has been hidden so reposting) Symbol: PTC Timeframe: Daily PTC India has been a tough script so far. Here is my another attempt to read its chart. Seems like Wave IV of 3 has extended but it is quite oversold on the RSI. I have marked two levels below today’s price. Ideally, it should not breach those. Rest is on the chart. This is not a prediction but a possible wave count. This is also not a recommendation to trade or invest. Please do your own analysis.
NSE:PTC
by DhandhaPaani
ERIS Lifesciences for 25% gainsDate: 3 Dec’24 Symbol: ERIS Timeframe: Weekly ERIS Lifesciences currently seems to be in Wave V of 3 which is heading towards 1960-70 (25% from current price of 1470) as seen in the chart. Wave 4 could then correct back to 1300 levels. The company, in the recently announced September quarter results has posted best ever revenues and operating profits. This is not a prediction but a possible wave count. This is also not a recommendation to trade or invest. Please do your own analysis. HINGLISH VERSION ERIS Lifesciences vartamaan mein Wave 3 ki V mein dikh rahee hai jo 1960-70 (vartamaan keemat 1470 se 25%) kee taraf badh rahee hai jaisa ki chart mein dekh sakte hain. Wave 4 phir 1300 ke star tak neeche aa sakta hai. Company ne haal hee mein ghoshit September quarter results mein ab tak ka sabse achchha revenue aur operating profit darj kiya hai. Yah koi prediction nahin balki sambhaavit Wave count hai. Yah trade lene ya invest karne ki bhi salaah nahi hai. Kripya apana vishleshan khud karein.
NSE:ERISLong
by DhandhaPaani
PTC India for 100%+ gainsDate: 25 Nov’24 Symbol: PTC Timeframe: Weekly Seems like, Wave 4 is finally over in PTC India (in my 15th Sept post, I mentioned it as already over but the Wave was a complex one) and it will soon resume its up move in Wave 5 for the destination of 370-80. Some interesting facts to know why it can still double up from its current price of 168? a. Healthy sales growth and debt reduction (lower interest cost) resulting in better balance sheet b. Trading at very low Market Cap to Sales ratio of 0.30 and below book value c. On charts, the stock is currently trading at price lower than December 2007 (it made a high of 201 in 2007) This is not a prediction but a possible wave count. This is also not a recommendation to trade or invest. Please do your own analysis. Aakhirkaar PTC India mein Wave 4 khatam hota dikh raha hai (mere 15 September ke post mein, maine kaha tha Wave 4 lagta hai end ho gaya hai par usne complex roop leliya) aur yah jald hee 370-80 ke lakshya ke lie Wave 5 mein apanee upmove phir se shuroo kar dega. Yah stock 168 se current price se kyon double ho sakta hai, neeche padhe. a. Achi sales growth aur debt mein kamee (kam interest payments) ke kaaran ab balance sheet better hogayi hai b. 0.30 ke bahut kam market cap to sales ratio aur aaj ka price book value se bhi kam hona c. Chart par, stock abhi bhi December 2007 se bhi kam price par trade kar raha hai (2007 mein isne 201 ka high banaaya tha)
NSE:PTCLong
by DhandhaPaani
2