All details on chart wait for Confirmation entry and then long with proper stop loss as per your risk capacity
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...
What about making a perfect bull flag with a 0.382 retracement around end of year on log chart in wave 4 as ABC where majority gets bearish before rise to our mentioned targets as wave 5 . #NFA
out of the box thinking
Refer Previous banknifty analysis below.
Banknifty today started wave 3 which clearly visible with bullish candlea getting formed tomorrow gap up most likely to happen.
Internal iii of 3 looks to retraced 0.382 fibonacci which is irregular correction on 5 min chart.
Internal Wave iii of 3 reached 1.618 fibonacci level which was day high. So now wave v of 3...
If you ask why Wave 4 (in blue) is deep almost touching Wave 1 then that's based on Elliott wave Alteration Guideline.
Wave 2 was flat so wave 4 will be zig zag and went deep.
Rest all stuff explained on chart.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my...
USDCAD : An impulsive fall from the level of 1.2950 & an expanded flat formation in abc pattern peaked at 1.2760 suggests that USDCAD is ready to continue its long term bearish trend . One should go short with SL of 1.27650 for the tgt of 1.2400 / 1.2250 and 1.2000
Nifty today started 4th wave correction.
Elliott wave Alteration theory says when wave 2 is simple flat/complex correction then expect wave 4 to be zig zag.
Retracement entry near 17112 with SL as wave B top 17148 target will be 1.382 and 1.618 fibonacci extension of wave A.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study...
THIS IS MICRO CAP STOCK don't allocate too much capital based on this analysis
Stock has subdued upward move with increasing volume .
Wave iii was channel bound and moved little more than 1.618 that means wave v will extend
Wave v non extended target is at 0.618 Fibonacci extension 230 and extended target 280.
Stop loss 160 and entry near 190 can be taken...
Wave iv was complex wxy correction and found support 0.618 fibonacci level of wave iii.
Wave targets 0.618 of wave i+iii 36034
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not...
Tatamotors Came Up from recent low with heavy volume.
Retracement happened near 0.382 fibonacci levels 281
Looking Good for start of Wave 3 towards 315 as 1.618 fibonacci extension
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while...
Wave B is complex correction which retraced more than 0.618 fibonacci level of wave A.
Wave B can strech upto 16695 which is 0.382 fibonacci.
Stop loss of this analysis will be 16703 just a point above all time high.
Downside C wave targets would be 16400 or 0.382 fibonacci level retracement 16250.
DISCLAIMER:There is no guarantee of profits or no exceptions...
After forming a high of 501 stock is falling in a corrective manner. This correction should reach upto 50% of the previous rise i.e. 50% of the distance travelled between wave 2 and wave 3 . The correction can be extended to the previous 4th of the lesser degree i.e. the region of 300 zone .
Nifty I.T. cmp 33715
on verge to complete impulse phase of elliot wave,, and supply line resistance around current levels,,
Time to book profit in I.T. stocks and choose some overbought stock to go short,,
Good profit booking and reversal can be seen
Fall of 10-15% in counters and index can be seen...
Nifty retraced 0.236 Fibonacci with Irregular flat.
Wave C of irregular flat was ending diagonal which finished at 16495.40
Upside wave 5 target is expected to move 0.382 Fibonacci extension 16660 or 16760 which is 0.618 Fibonacci.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the...
Nifty 15 min chart looks wave iii completed today for upmove started from 16162.
Wave iv is expected to end between 16505 which is 0.236 fibonacci retracement or 16453 0.382.
Consider 0.382 fibonacci retracement wave V target will be 16716 if reversal takes place from 16505 the target will be 16770.
DISCLAIMER:There is no guarantee of profits or no exceptions...
Elliott Wave Theory is a way to organize the market into waves and sub - waves . This strategy is useful for identifying patterns in several timeframes . These structures usually follow Fibonacci Retracements . The main structure is a five - wave patterns ( or impulse ) for a rally or drop . The ABC ( or consolidation ) pattern Usually acts as the next wave movements .
