As mentioned in my previous analysis, an impulse is in progress from 3rd May and wave (3) completed yesterday. Now inner wave (4) is going on.
Even though wave development is very slow, all formation clearly signals up-trend. If current development (inner wave 3 of (5)) is leading diagonal, it will range-bound for another 2-3 days and then strong up-trend.
According to Elliott principle: 5 Impulsive waves are followed by 3 corrective waves.
Infy has retraced upto 61.8% of leading dagonal wave 1 or wave A of an Zigzag or an new impulse.Today's low as of now is 1332 and 61.8% retracement level of wave A/1 is @ 1325 along multiple price support.If this is a start of wave C than price can go upto 1472(.618 extention of wave A/1-1566 1.1 extention of wave A/1)or till 1718 in case of wave 3 of an...
BANK NIFTY MADE RAISING WEDGE PATTERN AND IT BROKE IT'S LOWER TREND LINE AT TODAY'S OPENING.THRROUGH OUT THE DAY GAP GOT FILLED AND PRICE SINCE HAS REVERSED AND HAS STARTED FALLING INDICATING END OF WAVE B AND START OF WAVE C OF AN ABC CORRECTION.ALSO IT MADE INVERTED HAMMER ON CANDLESTICK FRONT. 1:1 EXTENTION TARGET OF WAVE C COMES @ 30917.hENCE SHORT TRADE CAN...
Elliot Wave 3 - Impulsive Bullish Move is starting in Deepak Nitrite and Big Breakouts and targets will be achieved. Possible to see 2000 + levels in May easily.
Dr Reddy Will cross 6000 this May, based on Elliot Wave Formation.- levels of 5800 + can easily be seen around 20 May. Nice Breakout with Huge Volumes is a Confirmation.
Not much here...everything was there in the chart
Elliot Wave Analysis of dani Port- Starting most dominant wave 3 - big Records are coming , big targets bullish wave 3 has started, this month will see 910 target
USD/CAD (Medium Term Outlook) Flat Correction (3/3/5 Structure)
A beautiful elliot wave is formed on 30 mins timeframe. Clearly shows that the Wave 5 was the breakout and now Tat Motor will enter wave A and correction can be seen till 298-296 levels . Intraday Traders and Swing Traders can go short now. This is my personal view , not a suggestion.
Traders, Please find my first view on Bank Nifty based on Elliott Waves..
According to Elliott Wave principle, the 5 impulsive waves are followed by 3 corrective waves. Is the party over for Happiest Minds ? Let me know your views.
THE STOCK HAS COMPLETED ITS 4TH LEG and now its time for the 5th leg with the target of 180++ buying level 133-135 place sl below the structure
here as we can see after the motive waves 12345 , we are into abc correction out of abc , wave a has been identified , and now wave a shall be retraced by wave b , keeping it very minimal to 50% retracements .. also the price action suggests that 350 levels are a short term rejection levels as well .. I am bullish on raymond on a yearly perspective and have...
Falling wedge formation. Standing at 0.5 Might fall back to 0.618 to fuel up completely for the breakout!
CURRENT STRUCTURE:ABC ZIGZAG OR NEW IMPULSE CURRENT LEG:WAVE 3 OR WAVE C ACTION:GET LONG @ CMP 790,SL:770,TGT:875-898. DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an...