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Elliottwaveprojection

Nifty Mid cap 100 Good short candidate Nifty Midcap Index CMP around 20450 levels. Elliot wave Study :- Whole structure is in form of rising channel pattern, at the moment index is around resistance line of rising channel pattern. As per % terms if observed wave 1 = wave 5 (both the waves are of 27% ) Wave 3 is of approx 1.618% extension of wave 1 and wave 5. As per theory when wave 3 is extended wave,, wave 1 and wave 5 are equal. Wave 2 and wave 4 are also equal in terms of % ( both have given 9% correction) Smaller time frame Rising channel pattern also have resistance around 20500 to 20600 levels, Resistance of two rising channel structure confluence around same levels give strong indication of reversal. Impulse phase is on verge to mature around this levels.. if Corrective wave unfolds we might see good correction . RSI indicator :- RSI is overbought and is trading around long term resistance levels might see reversal from this levels, which would lead to cool off in index.
NSE:CNXMIDCAPShort
by RUDRA007
Elliot Wave Projection of Eicher MotorsA possible projection of Elliot Wave for Eicher Motor stock. Stock is making impulse wave expecting it to break all time high. Just for educational purpose. 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 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 --------------------------(((((LIKE)))))-------------------------------
NSE:EICHERMOTEducation
by Niftydirection
Praj Industries Wedge breakoutDISCLAIMER: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 --------------------------(((((LIKE)))))------------------------------- Stock has broken wedge pattern on daily chart with good volume. It is set to test major hurdle near 100. Long near 87-89 zones with Stop-loss 75.4 📌 Wave 3 target 98-100 if crosses and closes above 100 then wave 3 will get extended then it will move up towards 127 which is 2.618. This will mean breaking major 130 level which is channel resistance. 📌 If wave 3 is not extended and ends near 98-99 then after wave 4 should retrace little 88-89. 📌 Wave 5 should end near 117 📌 Only allocate small portion of the capital and do your own study or ask your financial advisors before investing
NSE:PRAJINDLong
by Niftydirection
Nifty spot good short candidateNifty spot cmp 13000 Elliot wave study :- on weekly time frame major elliot wave impulse phase is on verge to mature,, 20 year cycle is on verge to mature,, now if corrective wave unfolds there can be price wise and time wise correction on index.. Wave 1 is of around 5510 points ,, wave 3 is or around 10175 points which is longest and strongest wave of impulse phase and perfectly 2 time of wave 1,, wave 5 is of around 5600 points almost same as wave 1..wave 2 have corrected around 78.6% of wave 1 which is perfect retracement as per elliot wave theory.. wave 4 have retraced around 50% of wave 3 which is also as per theory.. RSI divergence :- Price is consistently making higher high from the peaks of wave 3 to wave 5,,where is RSI making Lower high high bearish divergence,, historicaly most of time it is observed that when there is bearish divergence and RSI touch 70 levels it tends to fall.. at the moment RSI is almost at 70 levels. Chart pattern :- Rising channel formation structure can be seen in whole impulse phase,, where Support and resistance line are well respected through the cycle.. at the moment index is trading around the resistance line of the rising channel pattern,,and overbought as per concept of price action..
NSE:NIFTYShort
by RUDRA007
10
M&M Wave 4 Elliot Wave analysisDISCLAIMER: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)))))------- M&M Wave 4 Elliot Wave analysis Case 1: If this is symmetric triangle then should end E wave near 610-605. After this if breaks and closes above 631-33 then 740 can be wave 5 target, Stop-loss will be 567 Case 2: If wave iv is Double three correction pattern. This will be confirmed if breaks and closes below 590. We can expect 551 (0.382 Fibonacci) level then target will be 726, Stop-Loss will be 537.
NSE:M_MLong
by Niftydirection
Graphite Ready For ActionGraphite impulse wave count gave trendline breakout with volume wave 3 target 400 and wave 5 would be 450+ long at current price 211 or dip towards 200 with STOP-LOSS 160 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 --------------------------(((((LIKE)))))-------------------------------
NSE:GRAPHITELong
by Niftydirection
Hindalco good short candidate.Hindalco spot CMP 214 Elliot Wave Study :- Counter is trading in 5th impulse wave of impulse phase,, soon corrective phase might unfold and price might see good retracement of current up trend. Chart Pattern :- Rising channel pattern, counter is trading around resistance line of rising channel pattern.. prices may face resistance around this levels . RSI divergence :- price is making higher high from peak of wave 3 to peak of wave 5,,while RSI is making lower high.. Bearish Divergence.. Resistance and Support :- Around 220 levels counter have faced resistance multiple time,, at the moment counter is trading around 220 levels,, Good short candidate..
NSE:HINDALCOShort
by RUDRA007
Banknifty wave v downwards for 27700-27500Bank nifty in downward parallel channel from top made recently. 28400-500 can be top of wave iv and stop loss or invalidation level of this analysis is 28900 We can see 27700-27500 levels on downside in wave v 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)))))-------
NSE:BANKNIFTYShort
by Niftydirection
Bank Nifty - Emotional Trap Above 26K+ (Butterfly Can Trouble) (Note- Please read the levels carefully- Last Nifty Idea was suggested not valid above 11930 levels- You need to manage your own risk) ------------------------------------------------------------------------------------------------------------------------------- Idea in Nifty (History May Repeat Again) - suggested that -Expected X-Wave can be 3-Wave Sequence (if crosses 12025 highs) ------------------------------------------------------------------------------------------------------------------------------- Bank Nifty • Butterfly above 26K+ can trouble • Is this the Emotional Trap? • Post Leading Diagonal which finished at 25232 Highs- Index looks to be running into irregular correction which at times can deceive traders by its look & appearance- make you believe that it was an impulse move • Butterfly can stretch 127 to 162% anywhere in between & has reached minimum criteria of 127% - which is the lower levels for butterfly harmonic pattern • Manage your risk & trade accordingly. Thanks for reading & have an exciting week ahead. Regards, Abhishek
NSE:BANKNIFTY
by WaveTalks
6
Banknifty in Leading Diagonal 5th Wave coming to EndFrom March Lows Bank nifty is slow mover but now formed leading diagonal which is sign of uptrend coming in future. But right now we will experience corrective wave to 5 wave leading diagonal before uptrend. Current price 26798 and at parallel channel resistance max 27000-27162 can be expected. We can see zig zag wave (a)-(b)-(c) from 27000 levels. Wave (a) is expected from this point towards 25232 or 24432 (0.236 Fibonacci level of wave 1-5 of leading diagonal) Wave (b) should retrace towards 26361 (0.618 Fibonacci between all time high and march low) Wave (c) should retrace towards lower end of channel towards 23000 or 22842 (0.382 Fibonacci level of wave 1-5 of leading diagonal) 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)))))-------
NSE:BANKNIFTYShort
by Niftydirection
7
ITC Deatiled Elliot Wave AnalysisDISCLAIMER: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)))))------- Target price for wave v or wave (C) was actually 150 based on Fibonacci retracement plotted between wave 3-4 Planned video was around 10-12 minutes, plotted waves and targets for wave v(wave C) didn't got save so went ahead of time and become 16 min :D
NSE:ITCEducation
by Niftydirection
3
USDCAD : Bullish ReversalAs provided in the last idea , USDCAD was in a formation of ending diagonal which has completed in today's session. Right from there we have seen an impulsive move in upward direction. This impulsive move is providing a signal that the ending diagonal & so correction of USDCAD has been completed. Expecting the pair to extend its third wave & give a closing above 1.33400 level. As per the guidelines an aggressive trader should buy here & the conservative trader can wait for the level of 1.32400 to be hold for the target of the origin of the diagonal & above that level. Please see the attached link for the previous idea. Thanks
Long
by TradingSutra
1
Auropharma - Cracks Again Part 2 (Reached close to 800)Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. ------------------------------------------------------------------------------------------------------------------------------- Last Price- 784 / 12:48 Hrs / 5th Nov2020 Suggested in last idea- Stock reached close to 800 & started downside move. Hope you took the advantage of selling at tops close to 800 Risk was 5-10 points Downside is open for 750/738 & even lower Move has already started - If missed then risk becomes bigger & I won't advise to take sell as stops were above 800 -key level ------------------------------------------ Last Idea - Auropharma -------------------------------------------
NSE:AUROPHARMAShort
by WaveTalks
1