BTCUSD has formed a corrective pattern on the daily timeframe, identified as a W-X-Y structure with seven distinct waves. The price found support at the 200 EMA, reaching a low of 49,57 7 before bouncing back. The sub-waves within this structure are clearly visible, with wave (1) and wave (2) completing at 62,729 and 52,546 respectively.
Currently, BTCUSD is...
SULA BULLISH, UPTREND may start
After forming impulsive move bigger wave1, having 5th wave extended and has retraced 61.8%.
Thrice tested support at around 61.8%
May rise again for bigger move 3 if there is increase in volume
Elliott wave analysis
#elliotwaveanalysis #ashokleyland #elliotwave
Based on elliot wave principle , I have done analysis of Ashok Leyland.
Current view : If Stock breaks current resistance it will go till 0.618 level of wave 5 retracement.
Alternate view : IF stock finds resistance at current level then stock may continue consolidation.
Stock is forming head and shoulder, We can see breakout of this stock in upcoming days and stock will try to complete its wave pattern as per corrective ABC pattern we might see 200 and 270 levels in upcoming days. I have make a route of this chart it will try to complete in this form like this
Thanks
Hi All,
This idea is about Ultratech Cement
Mkt Cap - 3L Cr
ROE - 12%
ROCE 15.3%
P/BV - 5.56
MktCap/Sales - 4.7
FCF - 2k Cr
Technicals
Price action being published is on a 1 hour TF. As can be seen by the pattern, Elliot waves are in motion. Wave 1 was an impulsive wave followed by Correction wave (Wave 2).
Ideally Wave 2 should correct to 50-60% as per...
Shopper stop is forming a upside wedge pattern with a good consolidation of second wave we can see a good breakout in upcoming days. Price will must need to go above 888 to form this upside wedge pattern
Thanks
Chart is in uptrend . we can take entry here by taking small stoploss .
Disclaimer:- Invest at your own risk,, i am not register with Sebi.. This chart is according to my technical analysis which i learnt from past years
Chart is for swing trading. You can long in this share by taking small stoploss,.. best for swing trading
Invest at your own risk,, i am not register with sebi.. This chart is according to my technical analysis which i learnt from past years
Good Morning WaveTalkers!
Before today's market sprung into action, just 15 minutes pre-start, we shared some insights. And guess what? The market performed its magic ! 🎩✨
📌 Highlights :
- The Index almost mirrored yesterday's high, stopping a hair's breadth away at 44693 from the 44710 peak. WOW! 😲📈
- Now, the million-dollar question: Will the fall...
Hello Friends,
Welcome to our Case Study of Nifty with Elliott Wave Prospective.
In this analysis, we'll be taking a closer look at the Nifty index using a powerful tool called Elliott Wave theory. Think of Elliott Wave as a way to uncover hidden patterns in the market's movement, a bit like solving a puzzle.
Imagine you're on a journey to understand where the...
Timeframe: 30 min
Brief analysis:
HEROMOTOCO has started a five-wave impulse cycle from the low of 2745.5. Price has accomplished wave Y of wave (4) and started impulsive wave (5). Buyers will have an opportunity with a captivating risk reward to ride the trend after confirmation for the following targets: 3167 – 3210 – 3260+ .
In-depth analysis:
NSE...
Overview:
Abbott India has accomplished the impulsive wave 3, and the price is forming corrective wave 4. Price has occurred the sub-wave A. and Sub-wave B. Sub-wave C of 4th wave is in progress.
After completion of wave 4, the price will start its bull run.
Fibonacci relationship and wave Formations:
Wave ((1)) is a five-wave impulse.
Wave ((2)) retraced ...
Timeframe: 4h
As per the chart, Britannia has accomplished the sub-wave B of wave (4) and started forming wave C.
If the price breaks down the low of wave c at 4314 , Traders can sell for the following targets: 4266 – 4236 – 4214 . A trade should only be initiated after a breakdown has occurred.
There are two price clusters where prices can reverse:
...
Voltas is in short/mid-term correction.
Wave 4 of ongoing Long term impulse is unfolding.
In the mid-term, ABC is unfolding with the current A wave going on in the very short term.
Retracement of 4 wave is marked with fib retracement.
The analysis is only for educational purposes. Please trade at your own risk
Stock is in ongoing impulse on a major timeframe.
In the short term, it is in an ongoing correction.
In the very short term, the Stock is in the B wave, a breakdown of the recent swing low with good volumes can ensure start of the C wave.
A negative divergence of RSI can be observed in the recent upmove.
Due to Ongoing Flat correction(3-3-5), the rule of...
