Elliottwaveprojection
Thermax Huge Volume Wave 5 beginsThermax today came out of long consolidation and gave flag breakout.
Wave 5 is started and expecting to go towards 1900.
Other details with entry and stop loss 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 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.
Ultratech Cement On final push then fall aheadUltratech Cement had stellar rally from 2900 to 8000+ looks to be heading max 8532 which is max possible upside for it as wave 5.
Then a corrective wave will start towards 6300 which is 0.382 fibonacci levels.
Notice MACD Negative Divergence price making higher high and MACD higher lows.
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.
HDFC - Wave 5- What it could be unfolding ? - 2390 to 3000+ DoneTarget done at 2900+ for Traditional Chart Patterns. The stock rallied 25% from the bottoms of 2400 since July 2021 in running Wave-5.
What could be unfolding here in wave 5? Are you ready for the next move?
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Last Idea - HDFC- WaveTalks- Pattern, Patience & Penultimate Correction
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Nifty Flat Elliott Wave corretion ahead before final fallNifty after going continuously up taking breather.
Currently in triple zig-zag correction of which XX wave in progress which is expected to be flat till 17915-70 levels.
The last correction wave is suppose to end near 17180 if we consider nifty starts drop from 17915.
Z wave targets will change based on where flat ABC (or XX) end.
Off course bounce is expected on upside from 17200 odd levels
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.
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TITAN : A ZIGZAG CORRECTIONStock has given an impulsive fall ,which suggests that there is a strong possibility of a zigzag correction. One should sell on rise near the level of 2550 keeping SL of 2610 & look for the target zone of 2250-2150 to fill the gap.
IRCTC Next Move projections with Elliott waves and FibonacciIRCTC witnessed massive drop hitting 2 circuits.
The drop took it to 0.236 fibonacci retracement levels.
Assuming todays drop as Wave A next consolidation as wave B and see some pullback it could be till 5800.
Wave C should drop towards 0.382 fibonacci levels.
This ABC correction move should suck and digest all the rally it made so far then next Upmove as wave 5 should be slow up.
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.
GULF PETROSeems Bullish as it is trying to initiate 5th Wave. It has fantastically taken support at Golden ratio(0.618) of Wave 3rd, so it can be hoped that 4th wave formation has been completed. The expected targets are 61.90-68.75 - Long term target is 83.50.
Currently this stock is in triangle pattern once it breaks out it will easily achieve the target of 61.90, remaining two targets needs a mid term to long term view.
Chart & Analysis By - ADARSH DEY
EURUSD: CASE OF ENDING DIAGONALENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal began.
TRADING STRATEGY: One should go long on the current levels or any dip , keeping a stop loss of 1.15360 look for the target of 1.16400 & above.
LT Entering the correction Phase ??Observations: wedge Pattern, RSI is flat, Reduction in volume, fake breakout.
WaveTalks: Nifty-Can Bulls Bounce Back?- The Irregular Triangle 6th / 7th Oct2021
The index topped at 17882 this morning was a perfect behavior for the last leg downside in an irregular triangle updated in TradingView Author status / Last idea (add on comment).
6th Oct2021 – WaveTalks: Nifty-Irregular Triangle: ( Stops Above 17890 )
Irregular structures are those which is surpassed in the next leg as it happened for Index Nifty starting 17th Sep2021.
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Let us take a flashback tour for Index Nifty starting 17th Sep2021.
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Wave A or 1st Leg / Wave Downside- Starting at highs of 17792 on 17th Sep2021 (17792 to 17326 = 466 Points drop)
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Considering 17792 High on 17th Sep2021, as the start of the structure, slipped to 17326 as 1st leg downside & pushed upside in 2nd leg to new all-time highs of 17948 (From 17326 to 17948).
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Wave B or 2nd Leg / Wave Upside (17326 to 17948 = 622 Points Upside Rally)
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2nd leg crossed 17792 highs & made a new high at 17948 giving us 1st clue that some irregular structure could be unfolding next as all the moves so far from 17th Sep2021 was corrective in nature which was running across my mind at that moment.
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Wave C or 3rd Leg / Wave downside (17948 to 17452 = 496 Points drop)
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The fall from 17948 highs to 17452 was again corrective in nature. This time I became 100% sure that it is a 75-80% chance that Triangle could be unfolding next & I started putting my sleeves up in excitement as I could be getting 2 legs back to back if identified correctly.
This is all I was thinking like a trader.
The market pushed upside right from the zone 17450-17475 buying zone suggested as PRZ (Potential Reversal Zone) in the idea published to the TradingView community on 1st Oct2021 - Bullish Gartley
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Wave D or 4th Leg / Wave Upside (17452 to 17882 = 430 Points Upside Rally)
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This 4th Leg had to stop below 17948 Highs if the structure had to be correct as crossing above 17948 – this whole triangle scenario could have gone for a toss as structure invalidates.
Keeping that in the mind, I quickly updated all the followers in the last idea this morning before the market starts selling below zone 17800-17825 which was an important zone. I agree it was choppy as markets will never give you straight or easy moves & especially when the triangle is unfolding.
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Wave E or 5th Leg / Wave Downside (17882 to 17617 = 269 Points drop)
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This wave was choppy at the start but it was all controlled by the bears till the end of the day when Nifty made low @ 17613 & closed at 17646 @ 6th Oct2021
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Few things to note
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Our Final Target 17550-17575 is not completed so be careful as the Index may slip to these levels & take support of the Trendline rising upside connecting Wave- A(Bottom-17326) & Wave-C (Bottom- 17452) respectively.
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What Next?
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As a trader, we want to know what next. So here it is. When Triangle gets completed which is assumed to be sideways correction in the uptrend suggests that the next wave can be upside in an explosive manner which is seen or observed as a Thrust. In current scenario, thrust is expected upside for new highs or similar highs of 17948
So, Holding Levels 17452 which is Wave C – Bottom & 17326 which is Wave A – Bottom are key & critical level of support.
Till the time key & critical support holds we expect Bulls to come back & take the control or be in the driver’s seat next.
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Target Next
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Upside Nifty Index is open to travel minimum 17948 Highs & crossing above it will easily travel 18000+ A New All Time High.
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Note
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Always be careful at the tops as euphoria or crazy moves may put a trader in complacent zone & we forget all about risk management. Historically, It has been observed that crazy upside moves are followed immediately by opposite downside move which can be even bigger in size if happens.
Lupin in wave 2 (correction before a huge move up !!)Lupin in wave 2 (correction before a huge move up !!)
Buy: 954 or 946
Target 1 -> 1010
Target 2 -> 1050
IOC 1HOUR CHARTIn this post I will show you IOC stock✌
Now a time market go to reach the level of previous swing..
Day trading is available in this time
Wait for previous level break out after go to entry.
It's just for education purpose, trade is your own risk
Follow me
And commend here for next stock
Deepak Fertilizer Wave 5 Projections and Cup patternFertilizer stocks on the move. Consolidation happened in Deepak Fertilizer in wave 4 is expanding flat correction which ended at 0.236 fibonacci retracement .
Long near 420 with strict SL 380 for 600-640 and if got lucky then extended wave 5 targets of 800 possible. Channel Breakout will give extended 800 target confirmation.
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.
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XRPINR IN 4HOUR CHARTHi, helo banakam
Tool>>EWF
IF BREAK THE LEVEL. OF PREVIOUS SWING AND RETEST THE LEVEL AFTER GO TO ENTRY
STOPLOSS WILL 5S BELOW THE LEVEL OF ENTR....
(----------)IF Doesn't break the level of previous level , day traders only go to trade because of R2R level 1.1ratio so Don't go to entry , are u in a positional trader
Important point:
This is only education purpose.not for pratical trade
Trade is your own risk..
Thanksyou
ESAB INDIA Channel Breakout AttemptESAB INDIA is forming flag volume has picked up in recent days. The Company stands 3rd position in terms of market cap in Electrode Manufacturing Industries.
Entry near 2200 with SL 2083 for target 2550 and extended 5th wave target of 3040 aas wave 3 wasn't able to break channel.
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 an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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Expanded Flat or Irregular Correction IdentificationMost common found pattern. Its temporary pause to extended rally.
Key to identify this pattern is rejection after breaking wave A start.
Always look for very smaller margin rise above start of wave A.
C wave is sharp fall to reach 0.382 Fibonacci retracement of rally.
All other details explained in chart. Comment your doubts.
Nifty wave 5 Impulse count towards 17860All 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 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.
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BTCUSDT Long term elliot wave projection #NFA 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
Banknifty Wave 3 towards 37200Refer 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 likely to go 100% or more of i+iii
Wave 3 most of the time 45% goes 1.618 fibonacci extension level which is at 37200.
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 an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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Banknifty to attempt All Time high in wave v of 5If 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 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.
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USDCAD: BEARISH CONTINUATIONUSDCAD : 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 wave 4 zig zag correction wave C startedNifty 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 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 an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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