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Elliottwaveprojection

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. --------------------------------------------------------------------------------------- Let us take a flashback tour for Index Nifty starting 17th Sep2021. --------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------------------------------- Wave A or 1st Leg / Wave Downside- Starting at highs of 17792 on 17th Sep2021 (17792 to 17326 = 466 Points drop) ------------------------------------------------------------------------------------------------------------------------------------------------------------- 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). --------------------------------------------------------------------------------------------------------------------- Wave B or 2nd Leg / Wave Upside (17326 to 17948 = 622 Points Upside Rally) --------------------------------------------------------------------------------------------------------------------- 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. --------------------------------------------------------------------------------------------------------------- Wave C or 3rd Leg / Wave downside (17948 to 17452 = 496 Points drop) --------------------------------------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------------------------------------------- Wave D or 4th Leg / Wave Upside (17452 to 17882 = 430 Points Upside Rally) -------------------------------------------------------------------------------------------------------------------- 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. ------------------------------------------------------------------------------------------------------------- Wave E or 5th Leg / Wave Downside (17882 to 17617 = 269 Points drop) ------------------------------------------------------------------------------------------------------------- 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 -------------------------------------- Few things to note -------------------------------------- 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. ------------------------ What Next? ------------------------ 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. ---------------------------- Target Next --------------------------- Upside Nifty Index is open to travel minimum 17948 Highs & crossing above it will easily travel 18000+ A New All Time High. -------------------- Note -------------------- 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.
NSE:NIFTYEducation
by WaveTalks
30
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. -------(((((LIKE)))))-------
NSE:DEEPAKFERTLong
by Niftydirection
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 --------------------------(((((LIKE)))))-------------------------------
NSE:ESABINDIALong
by Niftydirection
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. -------(((((Please LIKE or Comment)))))-------
NSE:NIFTYLong
by Niftydirection
4
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 --------------------------(((((LIKE)))))-------------------------------
NSE:BANKNIFTYLong
by Niftydirection
1
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. -------(((((Please LIKE or Comment)))))-------
NSE:BANKNIFTYLong
by Niftydirection
3
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 --------------------------(((((LIKE)))))-------------------------------
NSE:NIFTYShort
by Niftydirection
3
SHREE PUSHKAR CHEMICAL AND FERTILIZER to Extend in Wave VTHIS 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 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:SHREEPUSHKLong
by Niftydirection
Banknifty towards 36k in wave 5Wave 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 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 --------------------------(((((LIKE)))))-------------------------------
NSE:BANKNIFTYLong
by Niftydirection
1
Tatamotors Flag and Wave 3 start Good Risk Reward ratioTatamotors 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 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 --------------------------(((((LIKE)))))-------------------------------
NSE:TATAMOTORSLong
by Niftydirection
Nifty In flat correction Wave B about to complete. 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 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 --------------------------(((((LIKE)))))-------------------------------
NSE:NIFTYShort
by Niftydirection
2
Nifty Upmove towards 16660-760 as wave 5Nifty 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 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