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Elliottwaveprojection

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. -------(((((Please LIKE & Donate Coins to support my analysis)))))------- 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
NSE:NIFTYLong
by Niftydirection
1
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. -------(((((Please LIKE & Donate Coins to support my analysis)))))-------
NSE:BANKNIFTYShort
by Niftydirection
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 -------------------------------------- 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 -------------------------------------- ------------------------------------------------------------------- Last Idea - Bank Nifty Target Achieved 29000 to 30000+ -------------------------------------------------------------------
NSE:BANKNIFTYShort
by WaveTalks
1
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.
Short
by RUDRA007
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. I may or may not trade this analysis --------------------------(((((LIKE)))))------------------------------- 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
NSE:TCS
by Niftydirection
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. -------(((((Please LIKE & Donate Coins to support my analysis)))))------- 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.
NSE:NIFTYEducation
by Niftydirection
5
Exide with Potential UpsideDISCLAIMER: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)))))------------------------------- Exide gave good breakout with volume it should move upside from current price. After plotting Elliott waves we can see its in wave iii so There are two possible trades Short term trade: long near 180-82 Stop loss 169.5 for target 195 Positional trade: long near 180-82 Stop loss 154 target 226 in wave iii and 245 in wave v
NSE:EXIDEINDLong
by Niftydirection
Banknifty Ending Diagonal Final up-move towards 30700DISCLAIMER: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)))))------------------------------- Banknifty upside getting exahusted and trading in parallel channel making ending diagonal. On Friday before close made bullish candles and closed above major resistance 30000 suggesting upside still pending. Banknifty in impulse up-move and in wave(3) which usually goes Fibonacci level 1.618=30760 of wave 1. Then after that we can expect deep correction which should go 0.5 Fibonacci level 27186 or 0.618 level 26342 in wave 4 In Wave 5 expect to go near life time high.
NSE:BANKNIFTYLong
by Niftydirection
Escorts good short candidate.Escorts spot CMP 1380 levels. Elliot wave projection :- Counter is trading around the maturity levels of impulse wave 3. if corrective wave 4 unfolds around this levels price might correct to 38.2 to 50.00% of wave 3. Chart patterns :- Double top formation Double top formation is observed on daily time frame ,, pattern breakdown confirms once the nearest support horizontal trend line is broken and sustained. on breakdown price action matters a long,, there should be large bearish bar formation with increase in volume... Rising contracting wedge formation :- price trading around the resistance line of rising wedge formation,, in past prices have respected this resistance line and fallen from this levels. RSI indicator :- Price is making higher high where as RSI is making lower high,, bearish divergence. Good short candidate..
NSE:ESCORTSShort
by RUDRA007
NIFTY METAL INDEX GOOD SHORT CANDIDATENifty Metal index CMP :- 3200 levels. Harmonic pattern :- Bearish butterfly pattern formation. PRZ zone in range :- 3200-3300 levels 1.27XA = 3313,, Equivalent AB =CD matures at 3210, 2.24 BC extension around 3180 levels. Bearish AB = CD pattern formation matures around 3210 levels.. Elliot Wave study :- Whole structure formation is in Expanding rising wedge pattern, at the moment index is trading around the resistance line of wedge pattern. Wave 1 : First impulse wave gave 26% move from the low point Wave 2 :- have retraced around 0.618% of wave 1 Wave 3 have extended around 2.618% of wave 1,,in % terms,, gave 60% move from low of wave 2 Wave 4 have retraced around 0.50% of wave 3 wave 5 have extended around 2% of wave 1,, in % terms,, gave 52% up move from low of wave 4. As per harmonic index is trading in PRZ zone,, as per elliot wave impulse phase is on verge to mature,, as per wedge chart pattern index is trading around resistance line of expanding rising wedge pattern, spinning top and doji candle formation seen in last two trading sessions on daily time frame, all indicates good reversal in trend can be seen from this levels.
NSE:CNXMETALShort
by RUDRA007
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