UPL seems like moving up in an impulsive manner.Notice how previous price action zone has acted as rasistance and once breached has given support to prices for future up move there by confirming continuation of ongoing up trend. Notice how recently price has reversed from previous price action zone and has breached down sloping trendline indicating end of wave...
After falling near the level of 0.74800 AUDUSD has found its bottom near the level of 0.717000. If we observe carefully we can see an inverse Head & Shoulder pattern whose neckline has been broken decisively in today's session. From the perspective of Elliottwave analysis , we can see a Leading Diagonal & a three wave correction followed by a rally above the...
Detailed analysis given on the chart Wave 5 formation in UPL NSE:UPL
Infosys has completed an expanded flat correction. The current price action suggests that stock is rising up in an impulse manner having the first wave as leading diagonal. One should go long on current levels with the SL of 1655 for the target of 1780/1820
I have made some forex analysis for the next week, if the currency pair breaks the nearest resistance level, it may go up to the next wave resistance level.. So, we will wait and check the next week how does this current pair performs. Happy trading to everyone :)
ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal...
ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal,...
Eicher motor has completed a triangle at wave 4. After the 4th wave correction, the price has started moving upward. But we can't ignore the B-D line for accurate confirmation. I had published Eicher motor on 12 September 2021. Click Here:
LIC Housing Finance Wave counting. Wave 1 completed.
Price Forecasting next Support level is at 255.55, 238.8. Next Potential Target level is at 421.55 to 471.55 odd levels NSE:TATAMOTORS
M & M seems to be entered in second Elliott wave with Targets 865 - 935 - 1054 in short term. Risk : Since Covid 19 cases continuously increasing and many states started imposing LOCKDOWNS.. It might turn into negative trend if it breaks support of 740. Next Support : 570-530 Note: This analysis is only for educational purpose.
Price is moving under the consolidation area for 225 days . It has finalized sub-wave (C) of wave ((4)). If price breaks sub-wave 4 of wave (C) of wave ((4)), it is the beginning signal of Wave ((5)). We can get the following swing trade targets: 340 - 362 - 415
we can see the chart off TATA POWER currently obeying three Wave of Elliott Theory - Wave (2) retraces Wave (1) about 21% (we can call it as flat correction) - Whereas Wave (3) retraces Wave (1) about 163% (which is exact % of Elliott Wave Theory) - by the way we can expect Wave will retraces about 100% Wave (1) n , that will be short term Target of 210 -...
M&M stock formed a 5 wave advance but as prices go past the high of 895. Then we get an extension. A situation where 5 waves can convert into 9 waves and that means adding 4 more waves to the rally. This means recalibrating the wave count and coming up with Fibonacci extensions to project the size of the extended wave on the upside. That is where M&M is this...
Banknifty's sideways move over the lst few days can be counted as a 4th wave triangle. This mornings surge out of this formation is a confirmation. We should see 39150 in the next two to three days basis the target calculations. This mornings low is the stop level
Expecting prices to face a resistance newar 1460-1480 zone . One should short the stock keeping SL of 1550 & look for the tgt zone of 1350-1320 area.
NIFTY correction expected as per wave analysis. 5th Wave is still continuing.
In this 30min chart 37674-37627 is first support range. If BN will not bounce from this range and trades below 37627 then 37452-37346 is next support range. Overall BN may bounce from first OR second support range as mentioned. BN is negative only if trades below 37346 which is 61% retracement of recent impulse(36876-38107).