Elliottwaveprojection
Nifty Ending Diagonal About to Complete 11-Jan-2020Keep watch on level 14380-14428-14472 for reversal point
Depending on above levels possible downside levels 14060-14080-14096
These targets are of 0.618 Fibonacci levels of length of Ending Diagonal Wave 5(4-5 orange colour).
Below 0.618 move will trigger further fall next levels will be updated once top is formed
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgement while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
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SBI LIFE Aiming for 1kSbi life broken resistance and looks bulish can be added for 1003 target near 920-30 SL 894
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice 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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ITC - Careful Below 209.40 (Wave Analysis)Note- View shall be valid only below key level- 209.40
Expecting a fall below 209.40 for 164. Shall review later once we get more price updates moving forward.
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Last Idea on ITC (Fall Below 209.40 to 165)- Count Seven & Go to Heaven
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BHEL Elliott Wave Analysis Jan 2021DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisor before investing/trading.
I may or may not trade this analysis
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Airtel to Test lower channel lineDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice 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 EW VIEWBANKNIFTY is looking in miner wave 5.
if we take minimum wave 1 61.8% length as target then 31650 may be immediate target before expiry.
if it gives wave1=wave5 then targets are all time high.
Not a trading idea pls do some of your own analysis before taking any position.
thank you.
Reliance-Risky or Rewarding (Ongoing 5th Wave ) (Wave Analysis)Last Fall /Wave Downside- 2022 to 1855 was done in fast & furious mode as suggested in the last idea mentioned below
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Last Idea- Last Leg Running upside in Triangle close to 2000- Get Ready for Fall!!!
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Trading Strategy
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• Channel can provide resistance below 2022
• Careful in 2000-2022 zone
• Sell strictly below 2022 for 1900 / 1850 & lower targets
• Buy strictly above 2022 (once crosses upside & holds above the level)
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Thanks & Have a wonderful week ahead.
CNX METAL ELLIOT FORECASTAnalysis based on technical parameters(No Noise)
The rally that we are witnessing is far from over as far as metal stocks are concerned...On monthly chart what I analyze, "A" wave have completed and c of "B" wave is under prog....tgt for the index is as given in the chart...However selection of particular stock from the corresponding sector is important
Assimilation only for educational purpose...
Trade as per own risk appetite.
Symphony Cool Volume before Summer heat!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.
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STOP LOSS 799
Lets find New Nifty Top with Fibonacci and Elliott Wave TheoryDISCLAIMER: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.
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Lets find New Nifty Top With Fibonacci and Elliott Wave Theory
To everyone's surprise Nifty after declining more than 3% on daily chart on 21st Dec 2020 recovered and mere few points away from 13777
Look at Blue Impulse Wave plotted on Chart
Now with Gap up opening on Thur 24th Dec it is confirmed that wave 3 in progress and wave 3 ended above 1.618 Fibonacci level
Wave 4 was very short and didn't even retrace 0.236 levels so now if wave 5 is in progress then should reach to 13940-65
Now Look at Orange Impulse Wave
Wave 3 in extended case can go till 2.618 Fibonacci level 14017 next in wave 4 again 13700 will be tested finally wave 5 should end at 14212
Banknifty Deep Zig Zag correction in Wave (4)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.
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BankNifty - Supply Zone 30300-30450 Careful At Tops! Last Price- 30370/ 10:31 Hrs / 24th Dec2020
Index has supply zone in 30300-30450 so traders have to be careful. Next Buy should be only above 30450 or careful at the tops because if selling happens- Index can slip to 29800/29700 - 29450-29000 Downside Targets
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Short Term Targets Downside (Take Selling Only if Bank Nifty falls below 30375-30400 zone & starts moving down). No Sell to be taken if Bank Nifty crosses above 30400 - key level & 30450- critical level
29700-29800 (1st Target)
Positional Target
29000
Strict Stops Above 30450
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Last Idea - Bank Nifty Target Achieved 29000 to 30000+
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EURUSD Good short candidateEURUSD CMP :- 1.22
Elliot wave study :- Impulse phase for currency is on verge to mature,, resistance around 1.22725 to 1.23000.
If corrective wave unfolds around this levels good retracement in price can be seen till level of 1.20000 to 1.19000.
Rising channel pattern formaiton :- Resistance of mid line of channel around 1.22000 levels might give good reversal trade .
RSI divergence :- Price is making higher and RSI is making lower high, bearish divergence.
Good short candidate.
TCS to make Cup and Handle to head higherDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisor before investing/trading.
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TCS corrected with big red candle near the end of the day on Friday 18th Dec 2020
The gap created at opening was filled as well which are sign of bearishness.
It is expected another round of correction till
2785 which is 0.382 Fibonacci or 2750 which is 0.5 Fibonacci level
Then again next leg of rally will take place.
If TCS breaks 2898 level or gap up happens above this then it will be called Cup breakout.
In both cases TCS should head towards 3010-3040 levels
Potential Nifty Top With Fibonacci and Elliot Wave TheoryDISCLAIMER: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.
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Plotted Elliot Waves on Nifty Monthly Chart so lets find out potential top
1. Nifty Top Based on Elliot Wave Theory where Wave 1 = Wave 5
a. Consider Wave 1 start from 279 which is lifetime low of Nifty then wave 5 should 13589.2
Where wave 1 height is 6078.1 + 7511.1(low of Wave 4) = 13589.2
b. Consider Wave 1 start from 0 then Nifty wave 5 top should be 13868.2
Where Wave 1 height is 6357.1 + 7511.1(low of Wave 4) = 13868.2
2. Nifty Top Based on Elliot Waves and Fibonacci extension where Wave 5 is equal to 0.618 of Wave 3 which is 13800.95.
The next Fibonacci extension would be 0.786 which is 15510.8 which is less likely to happen.