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Elliottwaveretracement

Reliance - Ending Diagonal Finish (Sell Below 2100) • Safe Traders Sell Below 2050 – Target Downside – 2025 / below 2025 –Target -1980-1990/ Below 1980 Target- 1927 / Below 1925 Target – 1890-1900 / Below 1890 Target – 1830 / Once Double Bottom gets broken then stock may slip to 1650-1700 zone which I have suggested since Oct-Nov2020 • Risky Trader They can sell if stock holds below 2100 or as close as possible to 2100 • No Trading If stock crosses above 2100 – we will avoid taking sell or short trades.
NSE:RELIANCEShort
by WaveTalks
51
Granuels India - Final Waves Unfolding from 2008/2009 Bottoms• Final Waves could be unfolding for the sequence which started from 2008/2009 bottoms post financial crisis • Suggesting Corrective Flat Sequence WXY from 2008/2009 Bottoms till it moves slowly & in time consuming pattern – taking this as primary or main view. • Wedge or Diagonals are Time consuming patterns which can be a possibility once more price details are available • Alternate Scenario / view- If Stock moves vertical above 600-700 zone that could be early signal that it has potential for bigger moves later but failing to cross the suggested zone will also call markets participants to be cautious at the new highs • Short Term Trading Buy in 300-325 zone with stops below 280 for Target 1- 375/380 & Above 380 for Target 2- 450/500+ or Buy Above 380 if fails to drop in 300-325 zone. • Long Term Trading Once stock has new highs possibly in 600-700 zone & fails to move further or consuming lot of time then participants have to be careful & review would be required at later stage. *** Avoid Taking Long Positions if stock falls below 280 levels *** Thanks & Best Wishes
NSE:GRANULESLong
by WaveTalks
7
Reliance-Breakdown Below 1890-Can it End with Ending Diagonal ?Careful to trade only on assumptions as the pattern proposed (Ending Diagonal) is immature - wait for the markets to move first & as a trader you should join the direction of the trade ----------------------------------Do not trade if stock falls below 1855 -1875 zone--------- ------------ Crossing Above 1890-1900 Target 1 - 1975 Target 2 - 2020-2025 Target 3 - 2075 Snapshot on lower degree - 30 mins chart
NSE:RELIANCELong
by WaveTalks
12
Reliance- Important Support Zone 1890-1900 (Catching The BottomsMarket Commentary As suggested over the last idea - comment this morning @ 09:51 Hrs / 27th Jan2021 - 1890-1900 is the important zone - If it holds then another upside push is open & it can travel to 1975/2000/2020 --------------------------------------------------------------------------------------------------------------------------- ******** Note- Falling below 1890 which is critical level-it may retest 1835 & new low expected ************ --------------------------------------------------------------------------------------------------------------------------- Once it crosses above 2020 - upside extension can be seen to 2050-2075 where traders have to be careful Last Idea- What a top @ 2120
NSE:RELIANCE
by WaveTalks
17
Bandhan Bank Low Risk High Reward Tripple ZigzagDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. I may or may not trade this analysis --------------------------(((((LIKE)))))------------------------------- I am holding this stock so my analysis could be biased. So do your own study or ask your financial advisors before investing. Bandhan Bank in parallel channel right and making Tripple Zigzag pattern, now looks in longer consolidation zones, it will take time to come out of it. Long can be initiated near 280 Stop loss 250 for targets 450-480. After that another dip can be seen then it would give breakout of channel.
NSE:BANDHANBNKLong
by Niftydirection
2
Trent-The Trap-False Breakout Above 805 (Wave Analysis)This stock has limited trading opportunity in current scenario. Possible Trading Strategies mentioned below • Sell below 625 for downside target -540 which is 61% retracement of upside last wave (365 to 809) • Buy above 725 (strictly hold your buy positions till it holds above 725 as false breakouts can happen above 725 as they are extremely choppy moves) • Sell below 540 • Buy Above 810 Long Term Scenario - Positive once 810- critical level gets broken upside to be reviewed later.
NSE:TRENT
by WaveTalks
27
Reliance-Last Impulse 5th Wave Ended in Truncation-Wave AnalysisSmall Modification - Possibly Last Impulse ended in truncation at the lows @ 1855 Why Traders Have to be Careful- Channel Resistance Corrective in next higher degree possibly close to end -------------------------------------------------------------------------------------------------------------------------- Recap from last idea -------------------------------- 2022- Most Important Level & fulcrum level so sell below & buy above was suggested as per previous ideas- Hope you enjoyed selling two times close to 2022 with minimum target of 1900 downside --------------------------------------------------------------------------------------------------------------------------- ---------------------- What Next ? ---------------------- Short Term Next Most Important levels - 2100 / 2050 /2020 - which can be used as intraday levels for short term trades - Sell Below or Buy Above plans can be executed with proper risk management. Long Term Outlook Long Term Outlook remains unchanged which is still bearish as suggested for last few ideas with key level @ 2095-2100 as the most important zone -------------- Note -------------- Any sustained move above 2100 has to be reviewed again
NSE:RELIANCEShort
by WaveTalks
10
Reliance- Wave-e -is it done! ( What A Top @ 1975)Last @ 1930 / 13:51 Hrs / 13th Jan2021 Re cap from last idea As suggested last- expected last leg in the triangle close above 1900- it went below 1900 & made low @ 1892 & once it started pushing upside above 1900 It touched 1950 & 1975 both the targets as suggested over last idea Plan- B - Suggested to be careful at the tops & Plan-C- Sell close in 1970-1985 but strictly consider selling only below 1985 ------------------------------------------------------------------------------- Last Reliance Idea- Triangle Extended ( Look for Wave-E Upside) -------------------------------------------------------------------------------
NSE:RELIANCEShort
by WaveTalks
2
ITC -What A Push Above 200 to 213( Proposed Triangle)-What Next?Re-cap from last idea Triangle Proposed & Expected Trading Plan A - Buy as close as possible to 198 to 200. Low was @ 201 Approx Plan A - Target achieved at day high @ 213 Plan B - Selling Started as per last idea- Target 1 achieved 209.50 ----------------------------------------------------------------------- Last ITC Idea - Sideways Push 197 to 213- completed -----------------------------------------------------------------------
NSE:ITCShort
by WaveTalks
9
Reliance -Triangle Extended- ( Fall Done- 2018 to 1905)Target achieved 2018 to 1900 as expected ( Recent Low - 1905) 🎯🎯🎯as per last idea ----------------------------------------------------- Most Important Resistance ⚠️ 2022 ⚠️ ---------------------------------------------------- Trading Strategy Plan A Started from the bottoms close to 1900 on 7th /8th Jan2021- Most Important ⚠️Support Level⚠️- Look for 1950 (Target 1) / 1975/1980 (Target 2) Plan B Once it reaches close in 1950 & Above in 1975-1985 - Traders have to be careful as very much possible -Plan C Plan C Selling only below 1985 strictly & best only between 1970-1985 for Target 1 - 1900-1910 Zone / Target 2 - 1835-1850 / Target 3 - 1750-1775 (Below 1835)
NSE:RELIANCE
by WaveTalks
7
ITC - Careful Below 209.40 (Wave Analysis)Note- View shall be valid only below key level- 209.40 Expecting a fall below 209.40 for 164. Shall review later once we get more price updates moving forward. -------------------------------------------------------------------------------------------------------- Last Idea on ITC (Fall Below 209.40 to 165)- Count Seven & Go to Heaven --------------------------------------------------------------------------------------------------------
NSE:ITCShort
by WaveTalks
11
Bank Nifty-Cracks 31490 to 31000 in H&S Pattern(Target Achieved)Head & Shoulder Pattern Formed --------------Key Level 31500 Holds & Index falls approx. 500 points just below 31500 Heading for Target 2 - 30500 Prior to that - Buy target was achieved from close to 31200 levels suggested on 1st Jan2021. ---------------------------------------------------------------------------------------- Bank Nifty Last Idea - Buy Above 31200 & Sell Below 31500 ----------------------------------------------------------------------------------------
NSE:BANKNIFTYShort
by WaveTalks
5
BankNifty - Cracks from Top @ 30900+Index opening weak tomorrow can finish the downside target of 27750-28000 as suggested to sell below 30700 / close to 31000 in last idea --------------------------------- BankNifty Last Idea --------------------------------- --------------------------------------------------------------------------------------------------------- Reliance Getting The Crack from Top of the last wave in the proposed triangle ---------------------------------------------------------------------------------------------------------
NSE:BANKNIFTYShort
by WaveTalks
8