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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
SBI Skewed Triangle 4th Elliot WaveStock currently in upward trend and may break upside. Wave 4 has formed skewed triangle and about complete final Internal Wave E. Long in the zones of 199-195 Stop loss 179 ( if hits loss will be ~10% of entry price) breaking 185 will be tough. Targets for Wave 5 235(as per fib extension drawn between wave 2-3-4),245-250(aggressive) Notable resistance 212 non risky can wait for break and close above this. Disclaimer: Calculated and plotted values may differ little with actual stock movement. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading. Please hit like button that will motivate me to do more. You can donate Trading view coins as well. Thanks :)
NSE:SBINLong
by Niftydirection
6
Bandhan Bank to start fresh Impulse WaveStock post touching 650 broken Consolidation started going south till 152. From 152 it made retracement fib levels 0.5 completing first 5 wave impulse Right now stock trading in parallel channel and expected to respect it as Volume dropping and wave C could be coming to end near 270 which is again 0.5 Fib level of impulse. Long all dips towards 270 Short term STOP LOSS 248, For Long term bigger Stop loss of 195 on daily closing basis. Expecting impulse 5 waves to start soon with short term targets 368,396,432(possibly wave 3). Long term positional target 521 (80%+). Disclaimer: Calculated and plotted values may differ from actual stock movement. Plotted wave count 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. Please hit like button that will motivate me to do more. You can donate Trading view coins as well. Thanks :)
NSE:BANDHANBNKLong
by Niftydirection
11
MCX Gold - Classic Bullish Triangle (Expect 56191+)Bullish Triangle Running – A Classic Scenario for MCX Gold ------------------------------------------------------------------------------------------------------------------------------- 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- 51650 / Time- 21:12 Hrs (9 pm) - 26th Aug 2020 ------------------------------------------------------------------------------------------------------------------------------- The description is based on a scientific analysis called wave theory as mentioned below ------------------------------------------------------------------------------------------------------------------------------- Currently Running in Wave-D Expected Out Come Wave- D & Wave -E Pending Wave-D should stop current upside move below Wave-B @ 53965 Highs to be a valid setup Post-Wave-D is done, we shall expect Wave-E Downside Once Wave-E is done downside- it should hold above 49955 low which is marked as Wave-A (means- your stops should be below 49955 lows post completing Wave-E) This forms a penultimate wave- means the second last wave on the upside that means one wave more on the upside is pending which will take Gold to the same level-56191 or above 56191 highs as of 7th Aug 2020 Best visual representation has been marked using Arrows which could be a possible trajectory for the commodity in coming days ------------------------------------------------------------------------------------------------------------------------------- Thanks
MCX:GOLD1!Long
by WaveTalks
8
Banknifty Elliot Wave AnalysisBanknifty formed Parallel channel post march lows. Currently in Wave 4 and correcting. Now probably forming Tripple Three Elliot Corrective Wave which is long and shallow correction (0.382 fib level) between 21000 to 23000. If it reaches 23000 levels and starts reversal then we can definetly say it as Tripple three elliot wave and can plan for wave Z. Price action suggest to go long ONLY on CLOSE ABOVE 22450 on 30 min chart Stop loss to be used 22200 target 23000-23100-23200. 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. Please hit like button that will motivate me to do more. You can donate Trading view coins as well. Thanks :)
NSE:BANKNIFTYLong
by Niftydirection
13
Minda Industries Leading Diagonal end Wave 3 StartStock post breaking Leading Diagonal started upside with big volume. Long all dips towards 330-310 Wave 3 has started which should move towards 400-420 (1.68 Fib level) zones. STOP LOSS 277 In longer horizon Wave 5 (equal to Wave 1) positional target 475. Wave 4 will be complex and long correction towards 365 (0.382 fib level). Disclaimer: Calculated and plotted values may differ little with actual stock movement. Plotted wave count 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. Please hit like button that will motivate me to do more. You can donate Trading view coins as well. Thanks :)
MLong
by Niftydirection
6