1480 the 1.618 Fib extension level of wave 1 could be the decisive top formation and call out the end of Wave 5 of 5. 1480 is also the invalidation level of analysis and will put me to think that wave counts are wrong and need to be reviewed. With recent weakness in Bank Nifty, this looks like a high probability setup #Wave Analysis #Fibonacci Extension
The move from 12790 to 13035 was a motive wave .. Yesterday, Nifty commenced its corresponding corrective wave and the same unfolded in a 3 wave pattern, suggesting that the pattern would end up as a flat/extended flat correction .. Wave A of the pattern appears to be complete .. Expecting Nifty to open gap up on Tuesday ... Depending on flat/extended flat...
Nifty has touched the dynamic resistance (DR) level and started declining. At present, RSI is under 50 level. It's a sign of a downtrend. Moreover, according to Elliott Wave theory, Nifty will stop climbing soon. And ABC correction will initiate from here. Targets: 12460 - 12000 and below Note: Selling pressure will come after a breakout of the support...
DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of...
Impulse Phrase is completed and the correction phrase is forming. Fib. RET. : wave 2 : 78.6% wave 3 : 361.8% (Extended) wave 4 : 38.2% wave 5 : 161.8% (Extended) wave B is Bellow the starting point of wave A, so we can expect Zigzag correction at Wave C. both parallel channel are giving Confirmation at wave C. Limit of wave C is wave 2 of (5) wave.
RIL has perfectly retraced at fib 0.786 level in ABCD Pattern probable target has given with the probable timeline.
XAUUSD is about to complete a good consolidation. After this consolidation, it should resume its upward journey towards $2300-$2400.
EUR/GBP made here a bearish Elliott wave. I have applied the moving average also to forecast the trend. In the fifth wave, there is a symmetrical triangle . After the ABC correction, there is a hurdle at 0.8930 . Right now, the trend is moving under the hurdle . It is a bearish Elliott wave pattern. Therefore, it will fall more up to the target of 0.8816...
Graphite impulse wave count gave trendline breakout with volume wave 3 target 400 and wave 5 would be 450+ long at current price 211 or dip towards 200 with STOP-LOSS 160 DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgment...
Presently, the price is trading in ABC corrective wave inhere the Harmonic Alternate Bat OR Gartley pattern is in progress. Reversal of Gartley Fromm 1895 of 0.786 fib ratio. Suppose to, the price fall then, alt. Bat pattern of reversal zone is 1801 nearby for 2009 and 2130-50
Technicals : Weekly timeframe is suggesting to Go Long, Also support from EMA's ,ADX, MACD & last but not the least RSI above 60 My View : Go Long at current levels & keep adding on dips Trgt is near 82