Gold Wave 3 ended after Covid Rally at 2075$ then went in consolidation for long time. Wave 4 is in progress which is looking like Flat ABC correction which 3-3-5 waves pattern Wave B retraces 90% of A and then Wave C breaks low of A. Wave C is 5 wave impulse or diagonal structure Wave C in this case could be Ending Diagonal Pattern which is expected end between...
NSE:NIFTY We can see here that nifty went down in 5wave structure of first corrective wave A. Now we are in a corrective wace C of corrective wave B. Wave C will start soon watch out and surf it.
The S&P is in its 5th wave from the high of 4327, nearing the confluence target area of 4085-4075. Ideally wait till the entire 5th wave is complete (all the subwaves) and wait for a reversal to take a low risk entry. Targets can be the mid 4200s. New idea will be updated there
Theory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of...
This can be a good stock for swing trading. BUT, The confirmation is needed. The stock as shown a good upward movement which was then followed by the PROFIT BOOKING. REST IS WELL EXPLAINED IN CHARTS. DISCLAMER: THIS VIEW IS FOR EDUCIATIONAL PURPOSE. Kindly follow proper risk management and concern it from your financial advisor. THANK YOU FOLLOW FOR MORE.......
View: Bearish in short term, Bullish in long term This analysis will show how the Nifty 50 index unfolds into the Elliot Wave patterns. First, we try to understand the wave structure in the weekly timeframe. The first wave traversed from 279 to 6357.1 which, in turn, corrected to 2267.7, which is approx. 61.8% of wave 1. The third wave was normal and...
study invalid if price crosses 236.45. Seems B move completed and expecting down move to complete wave C.
the stock is on its way to the target of 337 which is the meeting point 100% fib. extension of wave 3, the top edge of ending channel, the blue trend line and 161.8% fibonacci time extension.........target likely to reach by end october/early november 2022
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