IREDA good setup-VCP
-5Wave Setup
-green Vol Spikes
-tightness
-Bounce from 50emas
-Squeezed b/w PP n 10emas
Elliott Wave
#Ethereum Super Bullish Elliott Wave Analysis Towards $10,000#Ethereum Super Bullish Elliott Wave Analysis Towards $10,000 Target
1️⃣ ((C)) Zigzag Pattern: On the ETH/USDT 1D chart at the cycle degree, wave ((C)) of a Zigzag pattern appears to be unfolding. The projected target for this wave is $3,250.
2️⃣ Diagonal Wave 4: On the $ETH1D chart at the primary degree, Wave 4 down of an ascending Diagonal is currently in progress. The anticipated target for this corrective wave is $3,050.
3️⃣ Diagonal Wave [ ]: On the #ETH 1D chart at the Supercycle degree, Wave [ ] of an ascending Diagonal seems to be developing. The projected target for this significant wave is between $9,000 and $10,000.
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#Bitcoin Elliott Wave Count Analysis ( Ready for $44000 ?)#Bitcoin Elliott Wave Count Analysis
Intermediate Degree:
▪️We are observing a potential wave (3) down of a descending impulse on the 1-day chart.
▪️Target: $48,000 - $44,000.
Primary Degree:
▪️The 1-day chart suggests wave C down of a zigzag pattern is in progress.
▪️Target: $58,000 - $61,000.
Cycle Degree:
▪️At the cycle degree, wave ((ii)) down of an ascending diagonal appears to be forming.
▪️Target: $52,000 - $58,000.
Disclaimer: This analysis is based on current market conditions and the Elliott Wave Theory.
Always conduct your own research before making trading decisions.
Stay tuned for more updates and detailed insights.
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#Banknifty directions and levels for May 17th.Bank Nifty has a range-bound structure after the huge swing. If the market breaks the range, we can expect a rally continuation with minor consolidations. However, if the market faces rejection around the immediate resistance level, it may continue within the range further.
#Nifty directions and levels for May 17th.Good morning, friends! 🌺🍬 Here are the directions for May 17th:
There have been no changes in the global and local markets. The global market is indicating a bullish sentiment based on the Dow Jones, while our local market sentiment suggests a moderately bullish trend. It might open with a neutral to slightly gap-up start, as suggested by GiftNifty, showing an increase of +20 points.
Nifty has moved through four larger swings, which structurally indicates a range market. However, it closed above the range. giftnifty indicating gap-up start, so If the market sustains the gap-up sentiment, we can expect a rally continuation with minor consolidation. This is our first scenario. This means that if the market opens above the supply zone or breaks it with a solid green candle, then the rally is likely to continue.
Alternatively, if the market faces rejection around the immediate resistance zone, it may retrace by a minimum of 23 to 38%. This is a trend continuation retracement level. If the market finds support after the retracement around 23 or 38%, we can expect the range market to continue its rally.
On the other hand, if the correction breaks the retracement level of 38%, then the market will enter a correction phase, and we can expect the next target to be a minimum of 61 to 78%. This looks similar to the previous day's sentiment.
#Banknifty directions and levels for May 16th.BankNifty also has the same sentiment. The market may start with a gap-up. After that, if it breaks or consolidates around the immediate resistance zone, then it may continue the rally and could reach a minimum of the minor swing high to 48424.
Alternatively, if the market rejects sharply around the immediate resistance zone, initially we can expect a 23 to 38% correction. After that, if it breaks the 38% Fibonacci level, we can expect the correction to continue to the level of 78% to the next 1.27 extension. On the other hand, if it finds support around the minor Fibonacci level of 38%, then the market will maintain the bullish bias.
#Nifty directions and levels for May 16th.Good morning, friends! 🌺🍬 Here are the directions for May 16th:
The global market is indicating a bullish sentiment based on the Dow Jones, while our local market sentiment suggests a moderately bullish trend. It might open with a gap-up start, as suggested by GiftNifty, showing an increase of +120 points.
Nifty minorly retraced after the gap-up start in the previous trading session. Structurally, we have two options. The first one is the GiftNifty indication of a gap-up start, so if the gap-up sustains and breaks the level of 22337, we can expect further rally continuation. In this scenario, if it forms a solid green candle structure, then we can expect a sharp rally followed by a range breakout. Otherwise, it may go into a diagonal pattern structure (consolidation pattern).
Alternatively, if the market rejects around the immediate resistance level, initially we can expect a 23 to 38% minor retracement. If it finds support there, it may undergo some consolidation for rally continuation. This means if it doesn’t break the minor Fibonacci level of 38%, then the market will maintain the bullish bias.
on the other hand if it breaks the minor Fibonacci level of 38%. then we can expect a minimum correction of 78% to the next level of 1.27%. Structurally, it could be in a flat variation. After that correction, if the market finds support at the 1.27 extension level, then it may turn into a bullish bias.
#Banknifty directions and levels for May 15th.BankNifty did not experience much of a pullback in the last session, so the previous day’s sentiment will likely continue today as well. If the market rejects around the 38% Fibonacci level, it could retrace a minimum of 38% to 61%. Conversely, if the pullback sustains or breaks the 38% Fibonacci level, the rally will likely continue.
#Nifty directions and levels for May 15th.Good morning, friends! 🌺🍬 Here are the directions for May 15th:
There have been no changes in the global and our local markets. The global market still maintains a moderately bullish sentiment (based on the Dow Jones), while our local market sentiment also indicates a moderately bullish trend. It might open with a neutral to slightly gap-up start, as suggested by GiftNifty, showing an increase of +50.
Nifty continued its rally in the previous session and broke a Fibonacci level of 38%. Even if it breaks this 38% level, the structure has a diagonal formation indicating a distribution pattern. Therefore, if the gap-up doesn’t sustain and there is a sharp decline, the market may retrace a minimum of 38% to 61%. after that If it consolidates around the support level of 61%, the correction will continue if it breaks the previous low. On the other hand, if it finds support around the 61% Fibonacci level, we can expect a bounce back that may reach the day’s opening price level.
An alternate scenario suggests that if the gap-up sustains and breaks the 50% Fibonacci level, it may continue the pullback in a diagonal structure. However, if the opening market has a solid structure, we can expect a sharp rally.
#Banknifty directions and levels for May 14th.BankNifty also has the same sentiment. The market may open with a gap-up, and if it rejects around 47,986 or the Fibonacci level of 38%, then it could retrace a minimum of 38% to 61%. On the other hand, if the pullback sustains or breaks the Fibonacci level of 38%, then the rally will likely continue.
#nifty directions and levels for May 14th.Good morning, friends! 🌺🍬 Here are the directions for May 13th:
The global market still maintains a moderately bullish sentiment (based on the Dow Jones), while our local market sentiment also indicates a moderately bullish trend. It might open with a neutral to slightly gap-up start, as suggested by GiftNifty, showing an increase of +50.
Nifty had a sharp pullback after the initial decline in the pervious session, and GiftNifty is also indicating a positive start. However, on the upside, there is a Fibonacci level of 38% resistance, which is a key rejection level. If the market rejects there, then it could retrace a minimum of 38% to 61% with a three-wave structure.
Alternatively, if the market sustains or breaks the 38% level, then the pullback will likely continue and it may reach a minimum of 22,251 to the Fibonacci level of 50%.
Hangseng Tech - Change in Wave counts!HSTECH has gone through a deep correction in last few years.
My wave counts suggest that the bottom has been made and it's the beginning of the next leg up/ or at least a big enough pullback of the entire fall - in any case a good bullish trade.
We have completed Wave 1 and 2 and Wave 3 has begun.
Within wave 3, just minor 1 has been done and wave 2 correction going on.
View negates if we break 2990.
MAHKTECH is an ETF in India for trading this index.
Disclaimer: Invested.
#Banknifty direction and levels for May 13th.>Banknifty also has the same consolidation structure, but wave counts are a little bit different from Nifty. So, if the initial market takes support around the immediate support level, then we can expect a minimum of a 23% pullback wave. If you want reversal confirmation, then you can use EMA 20 or a minor fib level 38% breakout.
Alternatively, if the gap-down takes a solid bearish candle, then it may continue further with minor consolidation. Even though if it reaches the demand zone, we can expect consolidation only."
#Nifty direction and levels for May 13th.Good morning, friends! 🌺🍬 Here are the directions for May 13th:
The global market still maintains a moderately bullish sentiment (based on the Dow Jones), while our local market sentiment indicates a bearish trend. It might open with a neutral to slightly gap-down start, as suggested by GiftNifty, showing a decrease of -20.
>Nifty had consolidated after the sharp correction. GiftNifty indicates a slightly gap-down start, so it may open negatively. After that, if it takes a pullback initially, it might reach 50 to 61% in the upside fib levels. Because, as per the wave structure, a pullback has a three-wave structure, but there are only two waves formed. So, we can expect an initial pullback. However, if it finishes the three-wave structure, the major trend (correction) will continue. That means, after that pullback, if it rejects around the 50 or 61% fib level, then it may turn into a correction phase.
Note- Alternatively, if it breaks or sustains around the fib level 61%, then the pullback will continue further.
Alternate variation - if the gap-down sustains, we can expect correction continuation that will reach a minimum of the demand zone to the swing low (21777). Structurally, it could be in sub-wave 5th, so the correction may take less volume.
Reliance Wave CountNSE:RELIANCE
Wave 2 retraced 30% of Wave 1
Wave C achieved Equality to A
Mostly Wave 2 Bottom in Place.
Wave 3 Rally shall commence.
Auropharma - Can You Catch Wave Top ,Recognise This Pattern ? Elliott Wave is a such an amazing scientific method, if you apply them & be humble & open to what market tells you, you are going to be rewarded like catching all the waves.
Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
From WaveTalks
Abhishek
Bullish - COPPERCopper seems to be breaking out of a continuing Triangle Pattern , Let's observe how it goes.
#Banknifty Directions and Levels for May 10th.Bank Nifty has the same sentiment. Even though if it opens with a gap-up, it won't sustain. So, if the market declines initially, then we can expect correction continuation with minor pullbacks, which may reach a minimum of 47129 to the demand zone.
The alternate variation is the same as with Nifty. If the gap-up sustains, it may reject around 23%. After that, if it breaks, it may reach a minimum of Fibonacci level 38 to 50%. However, if it rejects there(23%), then it may lead to a range market to correction."
#Nifty Directions and Levels for May 10th.Good morning, friends! 🌺🍬 Here are the directions for May 10th:
The global market maintains a moderately bullish sentiment (based on the Dow Jones), while our local market sentiment indicates a bearish trend. It might open with a neutral to slightly gap-up start, as suggested by GiftNifty, showing an increase of +40.
Nifty fell drastically yesterday too. The structure suggests the correction could continue further, but GiftNifty indicates a gap-up start. So, how can we interpret this? Simply put, the first variation is that even though the market opens with a gap-up, it won't be sustained. If it happens, then we can expect a minimum of 21882 (DZ). After that, if it takes a sharp pullback, we can expect a minimum of 38% pullback wave. On the other hand, if it doesn't find support there or consolidates, then the correction may continue further.
The alternate variation suggests that if the gap-up sustains initially, we could wait for the Fibonacci level 38% breakout. If it breaks, then it may reach the Fibonacci level 61% with minor consolidation. However, if it rejects there(38%), then it may lead to a range market to correction, as the trading market mostly respects the Fibonacci level 38%.
Elliott ChannelReliance is caught in the 1-2 channel . Till it does not leave the channel upwards wave 3 will never start . It may come back to the end wave 2 . So sad and very bad . Regards
C wave of a complex flat in actionWe are seeing a wave C (impulse crashing down) which comes after an extended B wave of a complex flat . Complex flat,,,,, is a flat in the first phase is a flat (a) , then goes a corrective wave higher . Then comes crashing down as an impulse wave . Always remember if it does not look like an impulse , it is not an impulse . Regards
#Nifty directions and levels for May 9th.Good morning, friends🌺🍬! Here are the directions for May 9th:
Still, the global market maintains a moderately bullish sentiment, while our local market sentiment indicates a moderately bearish trend. It might open with a neutral to slightly gap-down start, as suggested by GiftNifty, showing a decrease of -15.
Nifty had a solid pullback after the minor correction in the previous session, but it didn't sustain. This structure suggests that even if the market opens with a gap down, if it takes a pullback initially, then we can expect a 50 to 61% Fibonacci level pullback with minor consolidation. This is also applicable in a gap-up situation.
Alternatively, if the gap-down breaks the previous bottom, then the correction will likely continue with minor consolidation.
Note: one more thing, there is a 38% Fibonacci level support. Structurally, the market may consolidate over there, but it won't sustain.
But, if the first stock experiences a sharp rejection, it may turn into a bullish sentiment.
