Usually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above...
BankNifty, Elliottwave Analysis, Ending Diagonal Daily Chart Analysis
Bank Nifty, Elliott wave, Ending Diagonal Daily Chart
NIFTY Accoring to Elliott Wave Theory 1 Hr chart analysis is more significant at this moment for Nifty You Can Find My Elliott wave chart analysis in 1 hr chart also
NIFTY is in Correction According to Elliott Wave Theory Hourly Chart had been considered during analysis
Welcome back to another episode of Wave Talks. Bank Nifty's Tidal Wave -Ride or Crash: Index can face a significant shift with the unfolding ending diagonal. Will you ride the wave to profit or crash on the shore? Unfolding wedge pattern It's time to reconsider Bank Nifty's pattern as it poses a risk. Let us discuss in details price objective & outlook for next...
Hello Friends, Here we have shared possible Elliott wave counts plotted on chart of U.S. Dollar Index - DXY on daily time frame, which clearly indicates that after top of September 2022 we are in corrective phase as per Elliott wave structures, and as per wave counts we can see that we had completed wave ((3)) and now possibly we are in second half of wave ((4))...
Instead of going down as bigger C wave(as I anticipated in my previous post) it turned around 42822 and moved up again to 43772. It's look like making an irragular or flat correction. We can expect a devastating downmove 42450 level unless it should move above 43772 and stay above this level. Again BN is struggling and unable to make sizeable move. What is your...
Here we had shared possible Elliot wave counts of GOLD chart in which weekly, daily, 4 hourly and hourly all these time frames counts are aligned with each others. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a...
Hello Friends, Here we have shared possible Elliot wave counts of SILVER 4 hourly chart in which we can say possibly we are heading towards north direction as a fresh impulse wave, which can lead towards Bullish bias as now onwards. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like...
nifty in last up move and immediate hurdle 18360-410 and this is immediate gann level too. Till the chart shows weakness DON'T try to catch the top for short.. Rising channel support near 18150--200
Hello Friends, Here we have shared possible Elliott wave counts on 4 hourly chart of COPPER, in which we can say that still selling pressure may continue for some while, because now possibly we are in complex correction phase as wave ((w))-((x))-((y)), in which we had completed ((w))-((x)) and now possibly we are unfolding wave ((y)) in which subdivisions are...
Hello Friends, Here we had shared possible Elliott wave counts of BTCUSD-BITCOIN on 4 hourly chart, in which we can see post bottom formation in November 2022, bitcoin had started motive journey towards north direction as a fresh impulse wave. In which we had completed wave (1) & (2) and now we are unfolding wave (3), in wave (3) we had completed wave 1 & now...
After making approx 23.6% correction of probable 3rd Wave, BN is rising higher at 43533 at 12 PM and struggling to go higher. By analysing the wave structure I am in the opinion that BN is probably making bigger ABC correction and may make a downmove upto 42450 level or somewhere at support point. Then after it may form 5th Wave move higher. If youy're agree with...
Here we had shared video analysis of possible Elliott wave counts on TVS Motors chart. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi...
Nifty could have completed 5 wave impulse up at 18267. If this doesn't get broken then likely 3 wave drop towards 17550-400 zones possible. MACD negative divergence and open bearish gap suggest bearish trend to continue few days. 2nd Chart shows internal count of wave 5. It also shows 0 to 4 trendline about to be broken Next wave 2 of A will pullback Nifty up to...
Hello Friends, Here we had shared possible Elliott wave counts on chart of Dabur India ltd. in which we can see that currently we are in corrective phase of this stock, On daily chart we can see that possibly we are in wave (c) of Y of (4), post wave (4) we can start fresh rally towards wave (5) in north direction, but currently we still have to complete...
Stock near ATH, it has completed Expanding flat correction on Monthly scale. Following third wave rally should be huge. Had checked basic fundamentals looks attractive. Invalidation level given is based on weekly close which is 20% lower and is quite big SL and risky. Target 3x-6x based on fib extension 2.618-4.618 DISCLAIMER: There is no...