Continuation of my last analysis (Year 1990-2001)...
Definitely not copy of someone's analysis, but impressed by their analysis. There was some count that I couldn't accept, so I thought to do my own. Previously my approach on reading waves was completely different. I realised that I was completely wrong on that approach. Now I identified what I had missed out on wave reading and verified in multiple time periods.
WIPRO LTD 30 Mins Bar (log scale) Bearish Sequence till 378 level Flat (3-3-5 Structure) 2nd Interpretation NSE:WIPRO
NIFTY 50 Index 30 Mins Candlestick (log scale) Bearish Sequence Short Term Update Elliot wave View (FLAT Structure labelled as A-B-C, 3-3-5) Nifty finished @ 15322.10 88.6 % fibo level on 12th March'21 our projection was @ 15419 level, but the index reversed from 15320 level. Next Projected target for Nifty to the downside is @ 14736, 14367 & 14138.95 odd...
NSE:ACC NSE:ULTRACEMCO ULTRATECH CEMMENT Daily Bar (log scale) Bearish Sequence 1st Motive, i.e., Impulse move finished @ 6944.20 level Our Upside target was @ 6974.85 but the stock reversed from 6944.20 level We are expecting a fall in ULTRATECH CEMENT in coming weeks ACC LTD Daily Bars (log scale) Bearish Sequence Wave 5 of 2 in Progress, but there's...
INTERGLOBE AVIATION (INDIGO) 60 Mins (log scale) Wave 4 was a Triangle with the combination of double zigzag structure. Neutral Sequence
RELIANCE INDS 120 Mins (log scale) Bearish Sequence
Reliance (Large Cap) Daily Chart (log scale) Corrective structure labelled as (A-B-C)
Nifty may have completed first cycle of wave V @ 15431 which was 1.618 Fib Retracement of the whole Down Move in Feb-Mar 2020.Generally Corrective waves retraces around 38.2-50% of the move.So I am expecting to retest 12400 which was earlier Nifty high. This holds true till 15430 is not taken out otherwise it will be fifth wave extension and can go to 16400.
Dear friends, Don't follow me blindly...what i am sharing here, is my knowledge not signals I am sharing my view through Elliott waves from past 4 yrs....i learned tons and tons here and market taught me lot and still teaching and i am listening to the market...and i am getting a lot of PM's regarding NEGATIVE COMMENTS from my friends...i am sharing here my view...
US OIL Impulse move till 75 to 82 odd levels Currently, cycle wave 5 in progress Finally, prices could turn and begin to form a bullish sequence 5
NIFTY 50 Next projected Target for Nifty is @ 15400 to 15700 odd levels For more details visit wavesadvisory.com
In continuation to my Nifty update posted on 27th Feb, I'm getting inclined towards Scenario 1 mentioned in the update and the Alternate count mentioned in it, that we could be in Wave 2 (Wave count marked in Red) of a very large Wave A correction (NOT depicted on the chart). If we zoom into Wave 2 , it's unfolding as an irregular A-B-C pattern (Wave...
Wave 4 (for the wave from Mar'20 low) was started from 16th feb and a flat correction (Wave A/W) was completed on 26th feb. As now wave B/X is in progress, it might be in range-bound between 14700 and 15400 levels. Disclaimer: This is just my personal view. You are advised to rely on your own analysis while taking trading decisions.
BAJAJ AUTO LTD 240 Mins Bar (log scale) Elliot wave Analysis Neutral Sequence Corrective structure
TCS has setup a corrective sideways move and now looks set to join the recent TECH rally. A strong break of the downward sloping channel will be the entry signal for a 5 wave rally to new highs