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Elliott Wave

Elliot Wave study EMAMI LTDEmami Ltd., incorporated in the year 1983, is a Mid Cap company (having a market cap of Rs 27,316.17 Crore) operating in FMCG sector. Emami Ltd. key Products/Revenue Segments include Personal Care and Other Operating Revenue for the year ending 31-Mar-2024. For the quarter ended 31-12-2024, the company has reported a Consolidated Total Income of Rs 1,064.41 Crore, up 16.69 % from last quarter Total Income of Rs 912.15 Crore and up 5.07 % from last year same quarter Total Income of Rs 1,013.03 Crore. Company has reported net profit after tax of Rs 283.48 Crore in latest quarter.
NSE:EMAMILTDLong
by TechnicalAnalystSucrit
Havells India to complete complex correctionHavells India to soon complete complex correction (W-X-Y). right now we are in the last part of the wave Y. Possibilites: 1) Wave Y can be (A-B-C) correction in which case we are almost done and ready to move to impulsive structure 2) Wave Y can be (1-2-3-4-5) in which case we are in wave 4 and will take some more days to complete and then expect wave 5 to unfold in that case we will be dropping to 1454-1455. What to do? Its just wait and watch situation before we see any conclusive move. Disclaimer: I am not SEBI registered member and this idea is only for educational purposes. Please do your own analysis and decide to buy/sell at your own risk
NSE:HAVELLS
by swapsachin
Fivestar Business Finance, will correction end at 669 rs ?Fivestar Business Finance has started the uptrend, but then it has to go for a small correction before it resumes it upward Journey, I see that we are in the process of completing 2nd wave. Will the correction ends at 669 or goes down a little bit beyond 669 that is the question? I would prefer to wait and watch and then take the decision when the right time comes. After all tradingview has a great Alert Indicator which indicates when a particular situation occurs. Disclaimer : This is for educational purpose only. I am not SEBI registered member, I am not authorised to give any buy or sell decision. Please do your own analysis and then take a call.
NSE:FIVESTAR
by swapsachin
#Nifty directions and levels for January 30th:Good Morning, Friends! 🌞 Here are the market directions and levels for January 30th: Market Overview There have been no significant changes in the global markets, which continue to maintain a bullish sentiment, as indicated by the Dow Jones. However, our local market is showing a moderately bullish sentiment. Today, the market may open with a neutral to slight gap-down due to the Nifty indicating a negative sign of -4 points. In the previous session, both Nifty and Bank Nifty maintained a bullish bias, but there haven't been any new developments. If the market starts to pull back, we can expect further continuation with some consolidation. Conversely, if it begins to decline, we might see a range-bound market within the previous day's range. Structurally, a correction appears to have a low probability; however, if it breaks the major zone, we could consider that a correction. Let’s look at the charts. Nifty Current View The current view suggests that if the market starts with a pullback, it could reach the 78% mark, which is a key Fibonacci level for predicting market direction. Today, if the market breaks above 78%, we can expect further continuation of the rally with some consolidation. Conversely, if the market gets rejected at this level, we can anticipate a minor correction of 23% to 38% in the current minor swing. Alternate View The alternate view indicates that if the market starts to decline, it could consolidate between the previous high and the 38% Fibonacci level. A correction is expected only if it breaks the 38% level. If that happens, we can anticipate a correction of at least 50% to 78% in the current swing. Until the 38% level is broken, the market bias could remain moderately bullish.
NSE:NIFTY
by Manickamtraders
#Banknifty directions and levels for January 30th:Bank Nifty Current View The current view for Bank Nifty is similar to that of Nifty. If the market pulls back, it could reach a minimum of 49,381 to 49,400, which is a rejection zone. If it consolidates or breaks this level, we can expect further continuation. On the other hand, if it gets rejected sharply there, we can expect a correction of at least 50% to 78% in the current swing. >For reversal confirmation, we can use the EMA20 on the 15-minute chart. In a directional market, this indicator works well, but if the market starts to grind, it may show some false signals. Alternate View The alternate view suggests that if the market starts to decline, it could reach a minimum of 48,850 when it breaks the 38% mark. If this happens, the demand zone will act as strong support, and structurally, we can expect a pullback here. However, we should note that if the market reaches this level in a straight line or consolidates without any pullback, the probability of further downside increases.
NSE:BANKNIFTY
by Manickamtraders
KPIT Technologies in last leg of wave 5I am closely following KPIT for quite a while. If the label wave counts are correct then expect KPIT to fall further. As per my analysis its in the last leg of correction which is wave 5 of wave Y. Now wave 5 can be a impulse or simply an ending triangle. Once the correction is over expect a quick and sharp move towards 1900. If it moves sharply above 1570 by mid of next week, my count is wrong and need to revise it. Note: This information is only for educational purposes . This is not an investment or trading advice. I am not SEBI registered member. please do your own analysis and decide.
NSE:KPITTECH
by swapsachin