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Elliott Wave

Elliott Wave theory is one of the most accepted and widely used forms of technical analysis. It describes the natural rhythm of crowd psychology in the market, which manifests itself in waves. The essence of Elliott waves is that prices alternate between impulsive phases that establish the trend and corrective phases that retrace the trend. In their most basic and straightforward form, impulses contain 5 lower degree waves and corrections contain 3 lower degree waves.

Elliott Wave is fractal and the underlying pattern remains constant. The 5 + 3 waves define a complete cycle. They can form different patterns such as ending diagonals, expanded flats, zigzag corrections and triangles. Fifteen different degrees of waves can be identified with each of the 5 smart drawing tools, allowing users to visually identify different degrees of waves on a chart. The key to trading Elliott waves successfully is counting them correctly for which there are rules and guidelines.
AbhishekHSinghCMT AbhishekHSinghCMT PRO SUNPHARMA, W, Long ,
SUNPHARMA: Sunpharma -Bingo! "Z-Wave Fall from 700 to 432" - Butterfly Help
730 14 18
SUNPHARMA, W Long
Sunpharma -Bingo! "Z-Wave Fall from 700 to 432" - Butterfly Help

Can Butterfly Support ? It could be too early to suggest whether Z-wave is completed or takes another complex form itself but yes butterfly can help to give some relief next few days Long Term Analysis We need move above X-factor@732 - Double Top which will suggest that correction is done & out & we will be looking for all greens in pharma sector. Previous ...

rupambose32 rupambose32 NIFTY, D,
NIFTY: lets do some elliot wave analysis
367 10 12
NIFTY, D
lets do some elliot wave analysis

wave analysis

ParamjitMahapatro ParamjitMahapatro GLENMARK, W,
GLENMARK: glenmark looks bearish in medium term
52 4 3
GLENMARK, W
glenmark looks bearish in medium term

in weekly, wave C is going on. in closure look, there are a lot much left of wave C. wave B retraced 50% of wave A, so wave C should be extended. https://in.tradingview.com/x/fhP6sCaj/ Now counting the fractals of wave C shows that, sub wave going on. https://in.tradingview.com/x/sFRaz3wS/ looking at the retracement levels it can plunge below 560 levels. So ...

Latesh_Narula Latesh_Narula NIFTY, D,
NIFTY: Nifty to rise for 9930-9950 and then sell off for 9530-50
142 0 3
NIFTY, D
Nifty to rise for 9930-9950 and then sell off for 9530-50

NIFTY to rise for 9930-9950 to test 20dma and then sell off for 9530-50 by completing the EW.

AbhishekHSinghCMT AbhishekHSinghCMT PRO BHARTIARTL, W,
BHARTIARTL: BhartiAirtel -What a E-Wave 402-430 Target Done-falling back@430
514 5 14
BHARTIARTL, W
BhartiAirtel -What a E-Wave 402-430 Target Done-falling back@430

As suggested above 402 - we shall look for final push to 425-430 Zone. It was hot trade for the day & look it got resistance exactly at 430 - started falling back. Bharti Airtel - The final push for 425-430 zone. https://in.tradingview.com/chart/BHARTIARTL/swEFQK5o-Bharti-Airtel-The-final-push-for-425-430-from-400-zones/

AbhishekHSinghCMT AbhishekHSinghCMT PRO USDINR, 2D, Long ,
USDINR: USDINR & Nifty-Barometer-Part 2-63.55 & 10138-Looking for U Turn
136 0 8
USDINR, 2D Long
USDINR & Nifty-Barometer-Part 2-63.55 & 10138-Looking for U Turn

Well we don't have any confirmation yet but it looks USDINR has traced 5 wave impulsive sequence from double top@69.05 to 63.56 & Nifty touched 10138. Beauty is that now people talk about geo political tension between North Korea & U.S. - will that be the reason for market melt down or waves were indicating same. I have no idea & so cannot predict where markets ...

DeekshantBoolchandani DeekshantBoolchandani ALBK, 60, Long ,
ALBK: ALLAHABAD BANK - BULLISH
62 2 2
ALBK, 60 Long
ALLAHABAD BANK - BULLISH

The Stock has shown a zig zag ABC correction on 60 min charts with 5-3-5 legs of ABC which is generally the end of a longer leg. The C wave has given its 5th leg and in my opinion, it is completed. A trade to go long with 69.40 as a stop-loss and 79 and 81 as targets give a risk/reward at 1:4 and 1:5 respectively. CAUTION ADVISED, STOPLOSS IS YOUR GOD AND YOU ARE ...

praveen.bhatiya praveen.bhatiya NIFTY, 60, Short ,
NIFTY: Nifty Hourly Analysis seems weak!
133 1 4
NIFTY, 60 Short
Nifty Hourly Analysis seems weak!

Nifty hourly chart clearly made double top and broke the neckline. It seems that downtrend is not yet over and we may see even lower level in coming days. I would observe 9966 - 9990 price Zone and short there on weakness anticipating the 5th wave to work for a good risk to reward trade.

Av33 Av33 NIFTY, D,
NIFTY: NIFTY-WHAT'S  'UP' NOW?
97 0 2
NIFTY, D
NIFTY-WHAT'S 'UP' NOW?

At 9980 we anticipated a reversal and advised to be cautious on basis of broader markets action (look at nifty ADL divergence idea), we shorted bank of india and profited more than expected with the market fall. Now where is the market headed? This idea would talk about very short term and analysis is done on nifty spot daily chart. The index is at a crucial ...

ParamjitMahapatro ParamjitMahapatro VOLTAS, M,
VOLTAS: voltas is bullish in medium term.
41 0 5
VOLTAS, M
voltas is bullish in medium term.

in monthly, voltas is in wave 3. if we check the fractals of wave 3, then we have 2 scenarios. 1st scenario - wave (iii) of of 3 going on. https://in.tradingview.com/x/PAhF2Nlp/ 2nd scenario - wave is going on. Here i considered mar - oct 2016 rise as 3 wave. https://in.tradingview.com/x/0uMXmXBx/ in either case, voltas got ew targets of 670+ , so every ...

AbhishekHSinghCMT AbhishekHSinghCMT PRO TATAMOTORS, M,
TATAMOTORS: TataMotors – E(Elliott)-Pace  – Can Motors Fly for 600+
1337 32 19
TATAMOTORS, M
TataMotors – E(Elliott)-Pace – Can Motors Fly for 600+

WE WON’T MAKE IT.’ ‘No, wait, should we?’ ‘No, we won’t.’ ‘Well, let’s make it!’ This probably was the conversation that took place before Jaguar came to the conclusion that an SUV is a must in their portfolio. Hence the Jaguar F-Pace The immaculate designing skills of Ian Callum & his team won’t stop with F-pace as it gets ready to launch E-Pace. E-pace packed ...

AbhishekHSinghCMT AbhishekHSinghCMT PRO MARUTI, M, Long ,
MARUTI: Maruti- Monthly Down for 3000-3200 & Daily Up for 5250+
502 9 11
MARUTI, M Long
Maruti- Monthly Down for 3000-3200 & Daily Up for 5250+

Monthly Chart Since Late 2008 -Maruti from its low@433 had travelled almost in an explosive manner upside, giving us wave-3 which travelled 361.8% of Wave-1. Recent Month Fall was impulsive down likely finished wave-(A) & travelling in wave-B- Once Wave B is done on Top- We shall have wave-C downside hitting in the zone 3000-3200 where it travels 61.8% distance of ...

Av33 Av33 BANKINDIA, D, Short ,
BANKINDIA: BANK OF 'INDIA' LOOKING DOWN AT 'SRILANKA'
62 3 4
BANKINDIA, D Short
BANK OF 'INDIA' LOOKING DOWN AT 'SRILANKA'

Medium and short degree counts suggest some downside for bank of india. Longer degree counts might disagree. Never the less, it can be looked at for shorting opportunities in short term till the latest daily chart swing high is protected.

carajivkhatlawala carajivkhatlawala USDINR, D,
USDINR: USDINR - 'time correction in progress?'
36 0 0
USDINR, D
USDINR - 'time correction in progress?'

USDINR seems to be taking too long deciding a break out of the range of Rs 65 and Rs 64. Keep an eye on Rs 63.95....

VikramGopalAimanda VikramGopalAimanda ZODIACLOTH, W, Long ,
ZODIACLOTH: Zodiac for investors
45 0 1
ZODIACLOTH, W Long
Zodiac for investors

This is weekly charts of zodiac, When we observe the daily charts, we can see that 4th wave of c is in progress, with 5th wave likely to come to 192-190 levels. Investors should look to buy around 192 levels with a stop loss of 174, we are likely to get a move towards 260 levels, At 260 levels one can evaluate weather to hold or exit. For now consider buying at ...

VikramGopalAimanda VikramGopalAimanda TATACOMM, D, Long ,
TATACOMM: Tatacom trade setup
48 0 1
TATACOMM, D Long
Tatacom trade setup

The risk reward looks very favorable, Hence posting this wave count. Remember the overall market is overbought and hence the stock needs to be constantly monitored for changes in wave pattern. for now we go with what we see. Stock likely to consolidate between 682 to 650 for few more days. Any decline closer to 650 should be used to buy. stop loss should be at ...

VikramGopalAimanda VikramGopalAimanda ADANIENT, 60, Long ,
ADANIENT: Adani enterprises short term trade setup
59 0 1
ADANIENT, 60 Long
Adani enterprises short term trade setup

Chart is well labeled Adani enterprises is likely to find support around 136 and move above 144, stop loss should be at 132.75

VikramGopalAimanda VikramGopalAimanda CANFINHOME, 60, Long ,
CANFINHOME: Canfinhome short term trade setup
84 1 2
CANFINHOME, 60 Long
Canfinhome short term trade setup

Chart and description has all the explanations. Stop loss 3035, entry 3070-3080, target 3200 if trend line crosses ...then 3400 also possible

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