View: Neutral to Bearish in short term Nifty 50 is about to complete 5 wave structure of corrective wave A. Price may go up till 17650 levels to complete wave B of correction before going down till 17164 levels to complete wave C of the correction. This level may be the end of 4th wave of 3rd of 3rd. Note: It is just for education purpose, not an investment...
This whole rise has from 3693 low (yes, not the actual low at 3639. Refer: wave 5 truncation) has been a 3 wave move so far. Wave 1/A has been a clear 5 wave followed by an extended 3/C wave with the iii of 3 extension. The 3/C wave ended with wave 5 as an ending diagonal. Now, the fall from the absolute high of 4327 has been impulsive so far with a series of...
Continuation of previous idea where the entire upmove is an ABC. Zoomed in picture of wave counts of the final leg, leading to initial target area of prior 4th wave i.e. 17450-17180.
This is one of the rare case where a 3 wave move up has a C wave extension greater than the regular 1.382/1.618. In super-extended moves, we have seen C Waves extend to 2.0 and even 2.618 of wave A. What determines the future move is the speed of reversal post completion of Wave C/3. Another supporting evidence for it being a wave C and not wave 3 is that the...
Wockhardt or Wockpharma seems to have completed its WXYXZ in Wave 2 and now it should show a up move in Daily Time frame in the form of 3rd wave. In our previous analysis we assumed it should come beyond 270-280 level from near to 500 level. It did. Now let's see what happens in the upcoming weeks to come. P.S- The count will be valid till Wave 1 starting...
Long-Term View: Based on the current chart (20 Aug 2022), the stock is in the Major #3 wave. Corona's low was Major #2. Within Major #3, Minor 1 completed, and Minor 2 correction (WXY) is going on. So far, it has not retraced 50% with W correction. Expected is to get 61.8% correction (Target 721) once it completes Y. Entry at 721 will be an excellent entry to ride...
Banknifty started the 4th corrective wave which is likley to end at 37518 level on 9th sptember 2022
Nifty started the 4th corrective wave and is heading down to target of 17027 which will come on 9th september 2022
Long-Term View: Based on the current chart (20 Aug 2022), the stock is in the Major #3 wave. Corona's low was Major #2. Within Major #3, Minor 1 completed, and Minor 2 correction (WXY) is going on. So far, it has not retraced 50% with W correction. Expected is to get 61.8% correction (Target 721) once it completes Y. Entry at 721 will be an excellent entry to...
Rising wedges or Ending Diagonal ends the ongoing trend. This is not a call. Trade on your own risk please. Thank you
It seems like WXYXZ correction has been completed and new impulse wave has started. Total retracement is close to 61.8% For new impulse, Completed WAVE 1 and now it is in ABC (expanded flat) correction. C is 5 wave decline in hourly chart. When C is over, fresh wave 3 will be started
Elliot wave correction pattern of Aegis Logistics. Currently I see ABC correction is going on. A was 1-2-3-4-5 correction. B is happening and expected to complete at 0.618. After B, it will be wave C correction.
stock is in the 5th impulse wave which is likely to terminate at the junction of 161.8% and the blue channel median
Wave 3 rd started will be short term positive long
US OIL CMP 87.45$ Looking at the structure, it seems crude is ready to complete it corrective phase Also here A=C in terms of pips But yet to touch channel bottom... if we start a new journey Crude can gradually move towards 125+$ above 95$ , recent low as sl .. and I would be only buying dips Chart is for study purpose only!! Vedang :)
Let's get started with this beautiful Sunday Morning with an exciting idea on "Bank Nifty - Will if follow in the footseps of HDFC" By the end of this short video, you would realise that BankNifty could be unfolding similar structure once done for stock -HDFC in early 2021 / 2022. Hope, this long term idea attempts to answer our colleague's @punterpk unsettling...
#Indiacem cash 16.08.2022 Strong resistance at 200-202 Next upmove only above 202 for 228-230 Cmp 192
Crude in WXY double zig zag correction. Currently wave C of Y in progress. All internal waves of C wave are overlapping one another that leaves only one pattern to be considered as "Ending Diagonal" or falling wedge Break of this pattern on upside would reverse price (at least temporarily as there is chance of Triple zig zag too) Looking at wave 5 of C we can...