JK Laxmi cement has accomplished impulsive wave ((3)) and has a complex correction of wave ((4)).
After making a high of 816 , the price started forming a corrective channel for wave ((4)).
It has made a low of 529.10 , and we can see a price surge to 630.
However, the price reached the upper band of the channel, but it is facing dynamic resistance ...
Hello All,
Index is doing all choppy moves between 18065 & 17800 zone ( which is ongoing or running). A possible assumption can be a falling wedge or ending diagonal.
----------------------------------------------------------
Markets don't work on assumptions
----------------------------------------------------------
As a trader, never assume any...
After giving a terminal thrust out the bullish triangular wave stock is facing a sell off. One should go short with SL of 1955 & look for the target of 1800/1700 in coming sessions.
--------------------------------------------------------------------------------------------
Timeframe: 1- Day
Theory: Elliott Wave
------------------------------------------------------------------------------------------------
Click here to read research report 1:...
Crucially, equality ratio can react as stiff resistance in Ending Diagonal triangle.
for wave ((5)) = ((3)) at 517.9 and for,
wave ((5)) = ((1)) at 514.95
Key Reversal zone - 511
Flat, a "sideways" correction is completing for wave "X".
Unfold in three waves as ((A)), ((B)) and ((C)) blue generates a 3-3-3...
Gail India has completed its 4th corrective wave, where wave C is the last leg of correction.
Price took 27 weeks to complete the corrective wave ((4)).
After completing the wave ((4)), the price has broken the sub-wave iv and signaled a rally. It also has entered into the corrective channel, and this rally can make a new higher high .
The traders can...
Preface:
IDFC First bank is ready to march upward. After making the high of 69.30, the Price has started the corrective wave four and took 179 days to complete. The ending point of wave 4 is the starting point of impulsive wave 5.
Wave Formations And Fibonacci Relationships:
Wave 1 is a Leading diagonal which has a 3-3-3-3-3 sub-wave structure.
Wave 2 is a...
Technically on the daily charts we have seen impluse move in wave 1, major support in Wave 2 on the downside comes @ 78% Retracement @ 37868. 61% Retracement @ 37091 and 50% Retracement @ 36545, whereas minor resistance on the upside is capped around 38300 level.
Closing above 38300 on upside we are heading towards 40116 , 40644 and 41717 in...
as per my study all the impulse moves are over in Sensex according to Elliott wave theory.
52000 is the support level at wave C.
58700 is the immediate resistance at wave B
and according to time wave analysis some big move is expected around (oct 2023)
It's a short term chart and I'm looking for short selling. You can see the 5 waves up on the arithmetical scale. I'm looking at little good level to short sell such as 269-272.
If we just look the retracemenet 38.2% is at 255 which is also in the area of previous support{wave((4))}. Therefore certainly there's a great potential for the downside as target. require...
COINBASE:BTCUSD
Hi Traders
This is an short term view for BTC/USD.
39600 is working as a support level for btcusd for temporary uptrend. Although short term count is bearish for it.
Major support for BTC/usd is 28800.
I will update if anything in count changes.
Jindal Stainless Ltd is moving up in impulsive manner where in we can move unfolding in 3 different degree's(Primary,Intermediate,Minor)
Here we are seeing Extention in Primary wave 3 which is sub-divided in 5 intermediate waves and of this 5 waves,intermediate 5 is sub divided in minor 5,which got completed when prices reversed from upper channel rasistance...
A five-wave decline in the BANK NIFTY, from 41830(Oct.) to 34019(Dec.) is complete. The 34019 low is wave A (red) of a larger five-wave decline. The 2h range chart shows that wave B (red) took the form of a double zigzag pattern, carrying to meet the top (A=0.618 B) 38660. The previous 37385 resistance zone can again react as resistance. Currently, everything are...
Few market moves will destroy 99% of the Traders who are involved in them that why I arranged to give you a whole week or month of NSE's Perspective.
The spot nifty hourly chart:"at an exciting juncture". it is difficult to say at this juncture for other analyst whether this upturn can be sustained.
But, I'm going to share few important levels where you can take...
