the stock is falling.....will fall more.....fall is likely to stop at 261.8% fibo level which will also be the end of the 5 way down move........be ready to buy at 30.75 for thumping gains...
Stocks are in a bearish trend since the start of the year, after the Federal Reserve came out with a hawkish policy outlook to fight inflation . And other central banks have followed in the same decision, only adding to the bearish tilt.
However, if the recession risk gets worse then this policy may quickly come to an end. And should this occur, stocks may be...
ELLIOTT WAVE ANALYSIS: All observations are clearly indicated in the chart.
Elliott wave is an road map to identify the direction of market.
Wave "1" : Motive wave completed
Wave "2" : Simple zigzag completed
Wave "3" : Motive Wave Golden wave also completed.
Wave "4" : Alternation rule so Triangle pattern time consuming pattern formed.
Wave...
ELLIOTT WAVE ANALYSIS: All observations are clearly indicated in the chart.
Elliott wave is an road map to identify the direction of market.
Pattern Formation- Ending Diagonal
GBP/USD looks attractive once reversal starts, one has to wait for upcoming FED rates.
Kindly hit the like button to forecast the chart like this further
Hello Friends, In daily chart of BN there is a possibility of 5000+ points decline. Wave counts and logic behind this is already explained in chart with upside break even point. Kindly do your own research also before taking the trade based on this analysis.
IF you see the chart the ,we can expect 500+ point downside move if the resistance is broken (near 16680). If we take Fibonacci levels then it should cross exactly 30%, ideal for reversal.
Review the " Leading-Diagonal ": As you know, Leading Or Ending Diagonals one of two types of motive waves, the other being in impulse wave. The Leading Diagonal is a terminating wave pattern that is form the 1st wave position of impulse waves or as wave A. This is an example here live - SUZLON. We have an Leading diagonal in the 1st wave position of an impulse...
NIFTY 50 BROADER INDEX
Elliot Wave Outlook, Daily TF
NEXT SUPPORT IS AT 16647 TO 16168.40 odd levels
NEXT RESISTANCE IS AT 18478 TO 19023 odd levels NSE:NIFTY
NSE:SRTRANSFIN
SHRIRAM TRANSPORT FINANCE (Short-term update)
BUY @ CMP
Invalidation level - 1002
Target: 1300, 1432
The short-term Elliott wave view in SRTRANSFIN suggests that the stock has given a breakout from
a bullish ascending pattern with volumes which indicates the momentum is likely to continue to the upside.
While any decline in the price could be a...
ICICI Bank CMP 786
A Possible Structure in ICICIBank
below 740 there would be confirmation of it
but I would wait and see when there is confirmation of the structure ...
Just a View!
Vedang
All rules of Leading diagonal is followed in Nifty. The correction may be deeper in case of Leading
Diagonal, generally the retracement for a diagonal is supposed to be in the range of .618 to .786.
The range between 15400-15600 is a good zone to accumulate. Long may be initiated near the rectangle shown.
Please do your analysis before opting for a...
Corrective Structure ((a)) = ((c)) Elliott Wave.
By using Fib. Retracement wave ((a)) = ((c)) at 1307
There's highly confident trade setup can be below ((a)) = ((c)) for bottoming out.
The price is under the wave ((5)) of wave ((c)).
By looking closely, it's time to take entry in the deeper price for a u-turn.
The wave ((a)) and wave ((c)) also sign of a...
Details on chart just for study purpose. Don't jump on trade in advance this is just forecast so relax.
In case Nifty breaks 0.618 Fibonacci and goes below 16000 then can consider dip started this has low probability.
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely...
As per the above chart NSE:MOTHERSON is bullish has given a breakout and can go till the upper line of the channel, If it breaks the channel there is possibility of further upside. But till now it looks like its going in Correction wave ABC. Where wave C can go till Ext fibo ratio of 1.272 or 1.618 . Safe to book near 1.272, Considering the bigger timeframe...
It might drag a little more to the upside but you should look to short this stock because this whole move is corrective wave wrt to previous move. look for candle close on 4h or Daily to short.
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...
NSE: HINDUNILVR
Time Frame :- 1 Day
Patterns Name :- Elliott Wave
Conclusion :-
A Elliott wave which is completed now shows up a Bearish signal after the Uptrend which most probably shows up a Down trend , But also can show up a litlle Up trend Before it .
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current...
