From chart one can easily spot W=Y=Z. Stock has taken support at lowet channel formed hammer candle on weekly and daily charts. X wave coming down has broken channel on downside which is shown by excess tail of hammer. So on account of this good chance of breaking uppar channel as well so targets 1470-1500 Strict small stop loss 1051 DISCLAIMER:There is no...
View posted for Educational Purpose only and should not be interpreted as a proposition to buy or sell in any securities. Wave 2 was simple zig zag so now wave 4 running in complex correction. Its consolidating since long time. Wave 3 is extended to 300%+ of wave 1 Breaking this consolidation will take 5th wave to 0.618 fibonacci level 16800
A few levels on which Bajaj Finance should find support while it corrects its full post Covid journey past one year. These levels are illustrated to understand how much downside is still left as a probability. Generally it comes down beyond 200 SMA before it bounce Upside, so 4200-4300 level works to support NSE:BAJFINANCE . Look out for these levels of rejection...
Nifty Elliott wave update for 15april 2021
MARKET STRUCTURE:DOUBLE CORRECTION WXY CURRENT STAGE:SECOND CORRECTION WAVE Y SUB WAVE B. THIS WAVE B BOUNCE HAS POSSIBILITY OF TERMINATING BETWEEN 14650-14830 AS THERE IS GAP IN THIS ZONE,HOWEVER WAVE B TERMINATION POINT DEPENDS UPON THE FORM OF CORRECTION WHICH IS UNCLEAR.IRRESPECTIVE OF TILL WHERE THIS BOUNCE WILL CONTINUE,ONE SHOULD USE THIS BOUNCE FOR...
last i gave the trade of 300 points after the breakdown of triangle you can see the 5 movement of nifty which were impulsive and now it is in corrective 8th wave and it has also formed a triangle after breakdown we can see here a good fall thanks.....
The existence of a Triangle in an Elliottwave sense tells us many things. Typically a consolidation that results in a continuation of the previous trend. In this case, the breakout above 14900 on a closing basis would result in a sporadic rally.
WE ARE IN WAVE 2 OF INTERMEDIATE DEGREE OF WAVE 5 OF WAVE 5 PRIMARY DEGREE OF WAVE 5 CYCLE DEGREE.LOOKS LIKE UPTREND IS ABOUT TO END.TIME TO EXIT AS AFTER THIS WE WILL BE HAVING CYCLE DEGREE CORRECTION WHICH CAN DRAG PRICES SIGNIFICANTLY LOWER AND WHICH WOULD LAST FOR LONGER PERIOD.CURRENTLY PRICES ARE AT 548,LOOKING AT THE PRICE PATTERN AND VOLUMES IT SEEMS THAT...
LOOKS LIKE INFOSYS IS MAKING LEADING DIAGONAL. IS IT A NEW IMPULSE OR WAVE A OF ABC ZIGZAG.THIS CANT BE SAID BUT ONE SHOULD LOOK TO EXIT LONGS AROUND 1450 LEVELS AS TRENDLINE CONNECTING WAVE 1 AND WAVE 3 TOP CAN ACT AS RESISTANCE.HENCE WAVE 1 OR WAVE A,MIGHT TERMINATE AROUND THE SAME LEVEL. A DECENT PULL-BACK IN THE FORM OF WAVE 2 OR B CAN COME IN COMING FUTURE.
NIFTY 50 INDEX Daily Chart (log scale) (Swing) Medium term outlook Bearish Sequence Next Projected Target towards downside is at 13658 level
Nifty Elliott wave update for 13april 2021
Hi Guys, HDFC Life chart moves in the direction on Parallel Channel with Elliott wave. The script was in the Swing Low. Go for Long: Buy Above - 670 SL - 665 Target 1 - 690 Target 2 - 725 Target 3 - 755 Disclaimer: Kindly do your own analysis before executing the trade.
NSE:RELIANCE Hello Everyone As you are seeing on chart wave ((1)) has been completed and currently we are in wave ((2)) which is Developing in form of (W), (X), (Y). If this movement sustain than in future we will see a wave ((3)). So this is a good place to invest in reliance for delivery. This prediction will take time.......may be few month Thanks Neowave Forecast
TATA STEEL LTD CMP: 899 As per Elliott WAVE, it looks like we completed impulse 5 wave structure, then we are entred to Corrective wave ABC pattern.
Hi friends, Nifty as per my previous analysis and follow up updates() failed to cross the #keyresistance and hence ended with #fakeout(failed breakout). So as I expected further down swing or one more down swing...which did unfold decisively today. what next..? VIEW: Expect to bottom out in the zone as shown in the chart. Structure/Pattern: impulse + double...