Elliottwaveprojection
Nifty Extended 5th Wave Confirmation on break 15258DISCLAIMER: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.
I may or may not trade this analysis. Details in description.
-------(((((Please LIKE & Donate Coins to support my analysis)))))-------
The kind of recovery Nifty gave from day low gives us idea of bulls are still active
So Confirmation of fresh upside 15258 break
Levels on chart marked by arrows 0.618 is easy target extended would be 15730-16200.
HDFC- 2777 Will it Stop!!! • Multiple Tops on lower degree have halted stock close in 2750-2777 zone
• Push Above 2780 – can take stock to new highs 2850/2950
• Careful at the Tops later as current geocosmic signs at the moment may trick you. Always be
cautious & false breakouts & breakdowns are common phenomenon in this period
• Risk Management is most important so traders should know first how to use stops before even they
start trading & use trailing method to protect your profits
---------------------------------
• Trading Strategy
---------------------------------
Plan A –
Buy Above 2780 for 2850 & 2950
Plan B –
Crosses above 2780 & fails to reach the targets as mentioned in Plan A or only partial
target is done at 2850 & drops back below 2780 – Become cautious on long or buy positions-That is
also a plan
Plan C-
Sell below 2600 for Target – 2365 & Below 2365 to 2200 which will be 200 DEMA support
Texmo Pipes Extended 5th waveDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment 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)))))-------------------------------
Dip towards 28-27 long opportunity for 38 target.
Stock didn't violated low of each Marubozu on weekly chart so stop loss will be 21.6.
Microcap and risky stock don't allocate too much capital on this stock if you plan to enter based on this analysis.
PVR: Bullish SequenceAs long as it holds the level of 1450 , stock has potential to move upto 1670 / 1800 zone.
Finolex Industries to commence Extended 5th WaveDISCLAIMER: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.
I may or may not trade this analysis. Details in description.
-------(((((Please LIKE & Donate Coins to support my analysis)))))-------
Stock consolidating in parallel channel would be broken in 5th wave to move higher
With 573 Stop loss look for 815(easy target) then 950+
If sharp rise seen going beyond 1010 we can expect 1450+ targets in 1.618 extension of wave 5
Nifty downside with C waveDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment 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)))))-------------------------------
Confirmation of fall if breaks 14565 levels then downside till 14370-14250 possible in wave C
ICICI Securities 4th wave consolidation in channelDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment 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)))))-------------------------------
4th wave may have ended at 400 or would go bit more towards 0.618 fibonacci level 370.
Then upside towards 590-630 expected with stop loss 493
TataElxsi- It's Elxsi or Expanding! Bottoms Picked at 2408Recap from Last Idea-
Bottoms picked in 2400-2425 (Support Zone) suggested @ 09:46 Hrs / 25th Jan2021- continue...
Structure unfolding as expanding structure with key level- 2530 (suggested in last idea) & critical level-2408
-----------------------------
Trading Strategy
-----------------------------
Plan A -
Buy Above 2735 for 2850 & strictly above 2850 for 2950-3000 zone
Plan B -
Buy with stops below 2530 for 2735 / 2850
Plan C -
Sell once stock falls below critical level- 2408 for target 2280 / only below 2280 for 2025 / only below 2000 for 1525
--------------------------------------------------
Last Idea Published @ 24th Jan2021
--------------------------------------------------
Titan in 4th Wave correctionDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment 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)))))-------------------------------
Titan to dip towards 1310 which is 0.382 fibonacci levels.
Long near 1340-1300 levels with stop loss 1150 for 1660 - 1860 targets
Jk tyre to cooldown in 4th wave then 5th wave upJktyre moved rapidly in 3rd wace and extended now in 4th wave is expected to be slow moving downwards least 116 and max 97 possible. It may take more than month and possibly form cup and handle pattern during process.
Stop loss 85 for target 160-175-185 in 5th wave.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment 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)))))-------------------------------
Reliance Double or Tripple ZigZag Count Jan 2021Every details on chart, Comments and Suggestions from Elliot Wave Analysts are Welcome :)
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.
I may or may not trade this analysis. Details in description.
-------(((((Please LIKE & Donate Coins to support my analysis)))))-------
DrReddy- Dramatic Reversal- Selling the Tops@5400Ending Diagonal / Truncation / Extension all have the same message loud & clear - "Dramatic Reversal"
Snapshot Taken on 11th Jan2021- Structure Finishes or Possible Finish with Ending Diagonal/Wedge- What Next? - A Dramatic Reversal
Warning Suggested @ 10th Jan2021 - Be Careful At The Tops
Updated & warned on the last idea @ 10th Jan2021, when stock started falling back below 5225 / 5200 -which was key zone for the stock
Running close to 1st target - 4700
Candlestick Patterns confirming the bearish outlook at the tops
Hanging Man
Shooting Star
Evening Star ( Possible Candlestick as it is running currently)
----------------------------------------------------------------------------------------------------------------------------
Last Idea @ 26th Dec2020- Dr Reddy- Hanging Man - Top Reversal Candlestick Pattern @ 5200
----------------------------------------------------------------------------------------------------------------------------
Reliance-Breakdown Below 1890-Can it End with Ending Diagonal ?Careful to trade only on assumptions as the pattern proposed (Ending Diagonal) is immature - wait for the markets to move first & as a trader you should join the direction of the trade
----------------------------------Do not trade if stock falls below 1855 -1875 zone--------- ------------
Crossing Above 1890-1900
Target 1 - 1975
Target 2 - 2020-2025
Target 3 - 2075
Snapshot on lower degree - 30 mins chart
Nifty Triple Three correction before budget 2021DISCLAIMER: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.
I may or may not trade this analysis. Details in description.
-------(((((Please LIKE & Donate Coins to support my analysis)))))-------
Nifty making triple three corrective pattern going down towards 0.382 Fibonacci level plotted between 11535 to 14753.
Stop loss for this analysis will be 13967 today 29th Jan high
If the analysis and wave count is correct then this last leg of fall will be slow paced making it clear that call is about to end.
Z wave expected to respect parallel channel drawn in and will not break out of it.
HDFCLIFE In 5th WaveDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment 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)))))-------------------------------
HDFCLIFE looks to be making Ending diagonal in which it is expected go up in zig zag moves towards 750-850 levels. It's not yet confirm if its ending diagonal.
3rd wave ended near 1.618 level and 4th was sideways correction reaching 0.382 fibonacci levels.
Entry 650-620 Stop loss 555
Most likely 5th will get extended and move beyond 850 in medium to long term.
Previous analysis based on price action Inverse head and shoulders shared with target 950. Check below for previous analysis link
In my holding my analysis can be biased towards upside so do your own study before investing.
Bandhan Bank Low Risk High Reward Tripple ZigzagDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment 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)))))-------------------------------
I am holding this stock so my analysis could be biased. So do your own study or ask your financial advisors before investing.
Bandhan Bank in parallel channel right and making Tripple Zigzag pattern, now looks in longer consolidation zones, it will take time to come out of it.
Long can be initiated near 280 Stop loss 250 for targets 450-480.
After that another dip can be seen then it would give breakout of channel.
HDFC AMC Parallel Channel and Possible Extension in 5th WaveDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment 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)))))-------------------------------
HDFC AMC in 4th wave correction likely to go down towards 0.618 fibonacci level
Good entry near 2800-2600 zones with stop loss 2069 for 5th wave 3900+ if gets extended more 4800+ possible in long term.
Targets are derived based on assumption that 4th wave will end near 2600 they will change based of where 4th ends.
Do your own study, check fundamentals too.
Tata Elxsi- Short Term Buy Above 2530- Sell Later Plan A -
Buy Only Above 2530 for 2665 / 2850 / 3025-3050
Plan B-
Resistance in 3000 - 3100 Zone - If stock moves up & halts close to or in the zone 3000-3100- Traders have to be careful as correction could be expected later for 2530 / 2280 & lower targets
Plan C-
Sell only below 2530 for 2280 & lower targets
Thanks & Have An Exciting Week Ahead
Trent-The Trap-False Breakout Above 805 (Wave Analysis)This stock has limited trading opportunity in current scenario. Possible Trading Strategies mentioned below
• Sell below 625 for downside target -540 which is 61% retracement of upside last wave (365 to 809)
• Buy above 725 (strictly hold your buy positions till it holds above 725 as false breakouts can
happen above 725 as they are extremely choppy moves)
• Sell below 540
• Buy Above 810
Long Term Scenario - Positive once 810- critical level gets broken upside to be reviewed later.
Reliance-Last Impulse 5th Wave Ended in Truncation-Wave AnalysisSmall Modification - Possibly Last Impulse ended in truncation at the lows @ 1855
Why Traders Have to be Careful-
Channel Resistance
Corrective in next higher degree possibly close to end
--------------------------------------------------------------------------------------------------------------------------
Recap from last idea
--------------------------------
2022- Most Important Level & fulcrum level so sell below & buy above was suggested as per previous ideas- Hope you enjoyed selling two times close to 2022 with minimum target of 1900 downside
---------------------------------------------------------------------------------------------------------------------------
----------------------
What Next ?
----------------------
Short Term
Next Most Important levels - 2100 / 2050 /2020 - which can be used as intraday levels for short term trades - Sell Below or Buy Above plans can be executed with proper risk management.
Long Term Outlook
Long Term Outlook remains unchanged which is still bearish as suggested for last few ideas with key level @ 2095-2100 as the most important zone
--------------
Note
--------------
Any sustained move above 2100 has to be reviewed again