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Elliottwaveprojection

Nifty - Pre Exit Poll Outlook: Bulls Above 22,400 Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? ----------------------------------------------------------------------------------------------- Key Levels to Watch: - Immediate Resistance: 23,000 What Unfolded Last Week: The index retraced 600 points, making a low of 22,417 as expected pause below 23000 in the last idea. Last Idea - Nifty Explosive (Part 3): From 22,000 to 23,000 in Record Time! Future Expectations: If Nifty surpasses the 23,000 mark, it will confirm that the bulls are in charge, reflecting the market optimism seen since early 2014. Nifty has strong support in the 22,400-22,500 zone. Holding above this zone, we expect an upward move towards the 22,775-22,825 target zone. If it holds above 22,825, it can target 23,000. Beyond 23,000, bulls will take charge, potentially driving the index to 23,500 and later 24,500. Note: Strictly no trades below 22,400. From WaveTalks Abhishek
NSE:NIFTY
by WaveTalks
17
Auropharma Trap - Catching The E-wave 1135 to 1105 🎯 🎯🎯Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? 🏆🏆🏆 Applying Wave Analysis in Real Time & Making the Patterns Fit can lead to amazing trades, and we're here to celebrate as we've successfully reeled in the E-wave fish into our nets. Hope you enjoyed the fall from 1135 to 1105 on April 10, 2024. What's next? If the stock holds above 1095, then it can surge upwards in Friday's session and reach the upside targets of 1135 / 1150-1160 zone, as updated via the 6:44 am comment on the last Auropharma idea. Last Idea Published From WaveTalks Abhishek
NSE:AUROPHARMALong
by WaveTalks
2
Part 1 - EUR/USD: Monthly Examination Utilizing Varied Approach Price action Breakdown Analysis: It is the EURUSD monthly timeframe, and it shows a downtrend for more than 15 years. The price has settled in a downward value area. Elements of price action Breakdown: Excess: There are nine price excesses, four on the upper band and five on the lower band. It shows that the sellers were too aggressive when the price touched the upper band of the channel in comparison with the lower band at buyers. Buyers/Bulls tries makes the initiative to breakout the structure but end up when another party finds the price convenient for them. Control line: The control line represents the gravitational force to the price. The price can’t stay away until it breaks the range. There are twelve touches on the control line, and few are mentioned on the chart. No Trading Activity Zone: No trading activity is the zone where one party, either bull or bear, takes control and outnumbers the other. There are a total of 14 no-trading activities zone. Both of the participants have seen each other. Sub-value area: A rectangle sub-value area has taken place from March 2015 till now. An excess became a great place to buy the move, yet the upper band of the sub-value area provides strong resistance. The control line of this value area at 1.1480 is sharp enough to act as a pivot level. It could be a resistance to the current price. Trend Justification: Justification for the current market trend and the behavior of bulls and bears can be derived from four prominent lines on the chart. Line 1, the lengthiest on the chart, connects the points from 1.5760 to the latest high at 1.2555. This line also intersects with the second line, indicating that a breakout in one line would likely trigger a simultaneous breakout in both lines. Line 2 stands out as the most robust resistance line, evidenced by the price experiencing significant declines on more than three occasions upon reaching this line. Therefore, the continuation of the uptrend appears contingent upon a successful breakout above resistance line 2. lliott Wave Projection: According to Elliott wave analysis, the price has been undergoing a W-X-Y-X-Z formation, specifically identified as a triple zigzag, over a span of 15 years. The sequence involves the completion of wave (X) and the initiation of a downward impulsive wave denoted as (Z). The Wave Formation unfolds as follows: Wave (W): A flat correction pattern characterizes the formation of Wave (W). Wave (X-1): Wave (X) takes shape in a standard zigzag formation, retracing 78.6% of Wave (W). Wave (Y): This phase sees the construction of a zigzag pattern within Wave (Y), extended 1.618% of Wave (W) Wave (X-2): Wave (X) materializes as an expanding triangle, retracing 50% of Wave (Y). Wave (Z): The ongoing Wave (Z) is currently in progress, appearing to form sub-wave C. Notably, Wave (Z) has extended to 78.6% of Wave (Y). For Bulls traders, a prudent entry point is identified as the breakout of Wave (X) at the level of 1.2349. No risky trader should initiate Long position until it breaks out Line 1 & Line 2.Wave (Y) = Wave (Z) at 0.8838. So, After the accomplishment of sub-wave B of wave (Z), traders can sell for final wave C of wave (Z). Line 3, marked at 1.23427, serves as a horizontal resistance line. This line has played a crucial role, offering three supports and encountering two resistances. A substantial upward movement could potentially alter the overall trend post-breakout, given that it represents a lower high in the downward trend. Line 4 represents a support level in close proximity to the current price, suggesting a potential stabilizing factor for the market at its current position. Different pattern Formation: Traders can see the following patterns on the monthly charts: 1. Wamine pattern 2. Contracting Triangle 3. Wave Diagonal 4. Expanding Triangle 5. ABCD Pattern 6. Moolahs pattern We will Update Further information on weekly & Daily time frame soon.
by forextidings
IREDA - Wave 3 Tops at 156 (Expected 155 ) Next Wave-4 Triangle Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? Holding Above 144 , Stock could push upside towards 165-175 target zone & complete one of its minor degree waves upside which started from the recent lows of 103 as discussed in the connecting ideas for the stock. It is amazing to see how stock halted exactly 162% travelling wave 3 distance as shown in the previous idea. What Next? Currently post completing wave 3 upside, stock started doing sideways this morning & the best possible structure to unfold in wave 4 is a triangle. Critical level 144 to hold as support Next Target zone 165-175 Last Ireda Idea - Wave 3 - Up, Up & Away IREDA - Debut Idea
NSE:IREDALong
by WaveTalks
IREDA vs. IRCTC: Tracking Parallel Stock Successes Disclaimer: Trading in financial markets involves substantial risks. Please consult your financial advisor before making any trading decisions. This message is not a solicitation to buy or sell. Perform your due diligence. WaveTalks - Market Whispers: Can you hear them? Analysis Overview: IREDA's performance in the stock market is drawing attention, much like IRCTC did in 2019. Trading at 119.50, a significant rise from its listing at 50, IREDA is experiencing strong and impulsive market waves. This suggests a big growth potential, aiming for targets of 155, 175, and 190. Key Points of Analysis: 1. Remarkable Growth Since Listing: IREDA's stock value has more than doubled since its listing, showing strong investor confidence and favorable market trends. 2. Potential for More Growth: The trend suggests IREDA is in a bullish phase. Its steady rise indicates an impulsive wave pattern, often leading to quick price increases. 3. Projected Targets with Support Levels: The targets for IREDA's stock are 155, 175, and 190, assuming it stays above the support levels of 107.50 (minor) and the important 100 level (critical support). These targets are based on the stock's current momentum and market optimism. 4. Buying Triggers - Buy This Stock above 127.50 post breakout or Buying close to 110-112.50 zone which retraces the latest impulsive (103 to 127.40 at minor degree) by 61.8% 5. Current Wave Analysis: The stock is currently in its 5th wave of growth within first impulsive wave sequence from the listing price of 50, which is still unfolding. 6. Comparison with IRCTC: Though they operate in different sectors, IREDA's growth mirrors IRCTC's early success in the stock market. Both being public sector companies, they've attracted significant investor interest. The Last Idea on IRCTC – Stellar Debut -The Next Station Please? 7. Investor Sentiment and Industry Prospects: The positive market reaction to IREDA is partly due to its involvement in the renewable energy sector. With growing global focus on sustainability, IREDA is at the forefront of an expanding industry, increasing its attractiveness to investors. Concluding Thoughts: IREDA's stock, with its strong growth and potential for further rise, is a key player in the market. Investors and analysts should watch its progress, as IREDA might replicate or even exceed IRCTC's success. The unfolding 5th wave in its stock pattern and the ambitious targets further emphasize this potential. WaveTalks - Market Whispers: Can you hear them?
NSE:IREDALong
by WaveTalks
3
Elliott Waves and Beyond Decoding DCM Nouvelle Ltd.DCM Nouvelle Limited Overview Company Background DCM Nouvelle Limited is an India-based company operating primarily in the textile sector. The company is engaged in the manufacturing and sale of cotton yarn, operating within the Textile segment. DCM Nouvelle stands out as a manufacturer and exporter specializing in cotton carded and combed yarns, offered in both single and two-ply forms.(source Google) Technical Analysis Highlights Triangle Breakout with Volumes There is a triangle breakout with a strong surge in trading volumes, suggesting a potential shift in market sentiment and increased buying interest. Bullish Divergence and U-Turn The price, along with technical indicators, has exhibited a bullish divergence, signaling a reversal in the trend. The market has made a U-turn, moving from a bearish to a bullish trajectory. Elliott Wave Structure The Elliott Wave analysis suggests that the stock has completed wave (1) and wave (2) on the weekly chart. Currently, it appears to be unfolding wave (3), which has the potential to reach 161.8% of the length of wave (1) from the low of wave (2). Wave (3) Subdivisions Within wave (3), there are likely five subdivisions. The analysis indicates that wave (i) within wave 1 has been completed, suggesting further upward movement. Third Wave in Elliott Waves The third wave in Elliott Wave theory is often the most powerful and extended wave. It is the primary driving force in a trending market, characterized by strong and sustained price movement in the direction of the overall trend. Traders and investors often look for opportunities to capitalize on the significant price gains associated with the third wave. Invalidation and Potential Risks: Invalidation Level There is an identified invalidation level at 129, which is the low of wave (2). If the price falls below this level, it may indicate a deviation from the expected Elliott Wave pattern. Assumption Risks It's crucial to acknowledge that all technical analyses involve a degree of uncertainty. Assumptions may go wrong, and unexpected market developments can lead to different outcomes. In this case, the analysis is based on Elliott Wave principles, and deviations from these patterns are not uncommon. Disclaimer: Risk Warning Trading and investing in financial markets involve risk. Past performance is not indicative of future results. The analysis provided is for informational purposes only and should not be considered as financial advice. Market Volatility Markets can be unpredictable, and conditions may change rapidly. Investors should conduct their own research and consider consulting with a financial advisor before making any investment decisions. Elliott Wave Disclaimer Elliott Wave analysis is a subjective tool that relies on the interpretation of patterns. The market may not always conform to these patterns, and outcomes may vary. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. 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...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing. Triangle Breakout with Good intensity of volumes Price with indicator got bullish divergence and got U turned Elliott wave structure on daily chart Possible Elliott wave structure on weekly chart Having potential of being 2x
NSE:DCMNVLLong
by RK_Chaarts
12
Biocon might surprise Warning! Stop loss is deep 15-20% Biocon reported 3x profit in Sept23 quarter. As per charts its could have ended long drop from all time high. Elliott wave count added on charts. DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:BIOCON
by Niftydirection
Bank Nifty Outlook: The Classic Wedge Pattern Close to 44050Bank Nifty Trading Outlook: The Classic Wedge Pattern Close to 44050 Pattern Unfolding: Classic Wedge Formation (As discussed recently ) 📐 Support Zone: 43540-43550 🛡️ Immediate Resistance Zone: 44000-44050 🚫 Bullish Signal: Index move above 43700 📈 Target Zones: - Short-term bullish view above 43700: 43850-43950 (with a possible 50 points extension) 🎯 - If selling below 44050: First target 43550, followed by 43275 ⬇️ - Break below 43275: Next levels 42900-42950, then 42600 🎯 - Under 42500: Potential test of the 42105 low from Oct 26th 📉 Previous Successful Call: Selling at the peak of 46310 on Sep 15th with a similar wedge pattern 🔄 At WaveTalks -We decode the market's whispers into actionable insights. Happy Trading, WaveTalks
NSE:BANKNIFTY
by WaveTalks
3
Sona Comstar: Driving Innovation in the Auto-Tech WorldA Global Auto-Tech Innovator with Elliott Wave Insights Let's delve into Sona Comstar, a global player in automotive systems and components. The company operates across India, China, Mexico, and the USA. About Sona Comstar Sona Comstar is an automotive technology powerhouse, crafting highly engineered systems and components. They supply vital parts like differential assemblies, starter motors, EV traction motors, and more to automotive giants worldwide. Their innovations extend to electric vehicles, passenger cars, commercial vehicles, off-road machines, and two & three-wheelers. What sets them apart is their cutting-edge, in-house technology—advanced precision forging. It ensures high performance, consistent quality, and precision, making them an innovation-driven multinational firm. Elliott Wave Analysis Now, let's consider the Elliott wave perspective: The stock's price movements have been captured in waves (1), (2), (3), and (4), and we're possibly in the midst of wave (5). In the current wave (5), wave 1 of (5) seems to be mostly complete. An interesting observation: During the completion of wave (4), the stock experienced a deceptive breakdown, but it didn't follow through and instead reversed its course to head north along with good intensity of volumes. As per the Elliott wave analysis, every dip in the stock's price could be seen as an opportunity to go long, with an invalidation level set at 488. Rising Stock Chart Sona Comstar is not just a part of the automotive industry; it's a player in the future of mobility. With their technological prowess and the intriguing Elliott wave insights, the stock seems to be on an exciting journey. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. 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...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:SONACOMSLong
by RK_Chaarts
2