current structure: zigzag 5-3-5 current leg:wave c sub wave 5 sub wave 2(this should form an ending diagonal) typical target zone for zigzag wave c is between 100-123.6% extention over here internal structure is supporting zigzag correction pattern but wave b has retraced wave a by 80%, where in a zigzag pattern wave b will not retrace wave a by more...
Technical Analysis of: NSE:ICICIBANK The Elliott waves Cycle Oscillator is indicating a detection of an impulsive (ascend) wave. The Elliot wave is showing an IMPULSIVE movement, showing an UPTREND . From 653.50. The waves 1, 2, 3 and 4 is completed at 653.50, 545.80, 664.60 and 620.30 respectively. From the point 620.30 wave 5 is starting and projection...
Usually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above...
SRTRANSFIN making weekly flag pattern and made elliot wave impuse and correction pattern. it will make almost 65 to 70% sharp move in next 5 to 6 month.
Wave 2 of (5) is completed or about to complete. Rally is about to start from tomorrow onwards. Banknifty update:
Final rally is pending before get in to deep down-trend. Wave 5 of C (up-side) projection: First target : 361 Second target : 405 Third target : 450 Invalidate level : 288
Kotak bank is about to start final leg rally. It is an impulse from Mar'20 and now it is in inner wave 5. Both BankNifty and Kotak bank are in sync on inner waves. First target : 2050 Second target : 2140 Third target : 2196 Final target if luck : 2400 Invalidate level : 1670 Major degree wave 3, started from 2009 is about to complete.
It has been running very strong. It is about to pause its rally after its final up-trend completes. It is just pause and will resume again strongly. First target : 1620 Second target : 1680 Third target : 1765 Invalidate level : 1400 (closing basis)
Buy on dips near the level of 770 , keep sl of 740 and look for the target of 840/870's .
Bandhan Bank looks Wave 2 is finishing and it should soon start with Wave 3 for higher targets of 350-375-400-425. SL is very small as usual :) Although my previous two trades of Bandhan Bank have failed, I still count on it, as each trade outcome is independent of previous one. Let it trade above 310 and it should start as per study.
Correction was completed and next up-move has begun already. Target : 10000 Invalidate level : 7144 Day TF
It is about to complete correction and move higher for new high. Projection for wave 5: First target : 3500 Second target : 3800 Third target : 4050 Invalidate level : 2450 Day TF s3.tradingview.com
Nifty is in its final up-trend and it may touch 16500 level (at-least 16300) where wave 3 of major degree completes. After this, it may start a correction and market may trade in negative for 2 years.
Correction was completed and it is moving higher for final up-move. See the charts for more details. Projected levels for wave 5: First target : 1128 Second target : 1380 Third target : 1465 Final target : 1650 Invalidate level : 708
Recently I have started to analysis some stocks. Most of the stocks are in final leg rally and also Nifty n BankNifty indexes too. After then there may be some corrections (approx. 50% correction). It is an impulse from 2009 and wave 5 is in progress from Mar'20. Now it is about to start its final up-trend. First target : 1650 Second target : 1830 Third target :...