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...
Escorts spot cmp 1225 Time Frame :- Daily Study :- Elliot wave good formation seen in this counter,, on verge to give breakout,, confirmation of price action move is pending,, once breakout confirm,, counter would move on to complete its impulse phase,, Good bullish candidate
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 .
This is my analysis on reliance on 1H Time frame i have found a formatiom of elliot wave currently 5th wave formation.
SBI spot cmp 465 Elliot wave study Time frame :- Daily Major impulse phase and minor impulse phase of major wave 5 have matured around this levels,, dual bearish divergence in RSI indicate the trend is about to mature,, reversal in trend possible around this levels,, Keep watch can reverse by 10 to 15% from current levels Good short candidate
CAMS is giving good returns from some time now and presently it is in a good range, anything below 3200 would be good buy.
Natural gas future 311 Bearish deep crab pattern formation elliot wave formation RSI divergence MAcd divergence + Bearish cross over Good short candidate
The stock gave a breakout in mid may and it has been respecting the trendline since then and it is expected to respect the trendline further which will make the target of 100.
CRUDE OIL: EDNIGIN DIAGONAL : MY FAVOURITE ! Go long with day low SL 67.5 $ for minimum target of : 70.85 $.
Hdfc Ltd spot cmp 2500 Time frame :- Daily Study : Elliot wave Wave 1 :- Wave 1 is first impulse wave of impulse phase,, in this case study first wave consist of 470 points in terms of points and 32% in terms of percentage,, first wave is generally of no confidence movement,, buyers still dont have confidence that the trend will change and the upside impulse move...
Maruti spot cmp 7200 Time frame :- 240 mins . Study :- Elliot wave Counter have given reversal from maturity levels of corrective wave 4, now if wave 5 unfolds can give good upmove,,, Rsi have given breakout from falling trend line Macd on verge to give positive crossover,, Hidden bullish divergence seen in both indicators where price making higher low and...