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Elliottwaveprojection

Bank Nifty Wave 5 impulse start?Bank nifty sharply corrected today after extending wave 3 exactly 2.618 Fib level. Today it corrected to 23385 which is near to 0.5 fib levels 23250. Closed above major support 23605. Based on this we can conclude that despite big fall it didn't break impulse wave structure and likely to go up. This analysis will be invalid if touches 23211 then we may be looking at more deep correction towards 22814 0.618 fib level If sustains above 23900 tomorrow 15-30 min we can see 24100,24300,24700-800 levels Stop loss to be used 23600 Disclaimer: This investment/trading may not be suitable for all investors or analysis can be wrong so ask your financial advisor before investing. Your capital will be at high risk and you may loose all while trading Futures and Options. This is not actual buy or sell recommendation.
NSE:BANKNIFTYLong
by Niftydirection
Triveni Turbine Fresh Impulse and start of Wave 3 Stock looks bullish with Impulse 1 and 2 completed and started Wave 3. Break and close above 82.2 on daily chart confirms up move. All dip towards 80-75 long opportunity Stop Loss 60/58 on daily closing basis, target 130-135 in short term. Long term 250-270+ since fresh rally should break previous high and continue up move Disclaimer: Small cap share so don't invest too much capital in it. Equity investment is highly Risky asset class for investment. This investment may not be suitable for all investors or analysis can be wrong so ask your financial advisor before investing.
NSE:TRITURBINELong
by Niftydirection
3
GOLD: short term: Triangle formation for terminal thrustAs per short term view, GOLD is in the last phase of corrective wave-y, which is unfolding as an impulse. Currently the price structure suggests that there is a formation of a triangle & this triangle is being formed as a wave-4. This wave-4 triangle formation often takes place as a preparation of terminal trust and after that the 5th wave of the impulse get started. As long as GOLD prices are above 1960 level , one should go long for the target zone of 2050/2150/2190. Invalidation level : 1960 For long term scenario on GOLD: refer to the attached link .
TVC:GOLDLong
by TradingSutra
1
GOLD : YELLOW PRECIOUS METAL : DOING EXPANDED FLAT CORRECTIONLong ago a surge in GOLD price rally stopped in the year 2011 & the point has been designated as a primary wave-5 by all the elliottician. From that level we have seen a correction upto the level of 1045 $. A nice corrective move.Right from that level GOLD price raised up & currently trading in a all time new highs range. But this rally from the lows 1045$ is looking more corrective than an impulse. As per the current price structure we can assume that GOLD price is forming an EXPANDED FLAT CORRECTIVE pattern. And currently we are in the last phase of WAVE-B (circle). The wave-B (circle) is unfolding in a 3 wave corrective structure as w-x-y pattern. We are in the last phase wave-y which often takes place as an impulse rally which is discussed in the short term view over GOLD. The link is attached to this idea for the short term view.
TVC:GOLDShort
by TradingSutra
Bank nifty 4th Elliott wave to startBank nifty started up move after breaking 22440 to 23000-23200 as mentioned in previous article. Now wave 3 could be over expecting long and shallow 4th wave correction till 0.38 fib level which will be tough to trade. Current assumption is wave 3 of recent rally completed near 23682 which 1.68 fib levels where wave 3 usually end. Short all rise near resistance zones 23605-11 to 23700 Stop Loss 24100 target 23000 then 22825(0.38 fib level). Disclaimer: Calculated and plotted values may differ with actual stock movement, this analysis can be wrong. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading.
NSE:BANKNIFTYShort
by Niftydirection
2