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Elliott Wave

Bank Nifty (Neowave Update)I hope you are enjoying my forecast, if you love the content than kindly like and share it with your friends. Also keep following us for more neowave trading ideas. Thank you _____________________________________________ Degree full forms- L1 stand for Long term wave 1 and so on M1 stand for Medium term wave 1 and so on S1 stand for short term wave 1 and so on _____________________________________________ Key Points- Stoploss- 44780 Use this as a stoploss for buying position. Target1 - 48100, Target-2 49086 ______________________________________________ Probablities- # we are currently in SC6 and with the SC7, our short cycles wave group should complete. With the completion of SC7 our wave-(B) will also be completed. See below chart Our previous Updates-
NSE:BANKNIFTY
by Neowave-forecast
2
BANK NIFTY.... THE FINAL EUPHORIA....As per Elliot's wave pattern on the downside, Bank nifty is currently moving in the 4th wave. The structure formed is one of the classical patterns of wave 4 - A horizontal flat. We have had enough volatility recently (again, a classic of wave 4), and now it looks like the final leg of wave 4 is ongoing. We could see a resistance trendline from which Bank Nifty fell thrice. We expect a bigger fall (wave 5) soon in the Bank Nifty chart. Bank nifty can fall to 45000-45500 levels, and I'm expecting a decent rally from there (a curtailed wave 5 resulting in a larger trend resuming in the opposite direction). Keep cash ready to invest at the right time (maybe around 45000 levels). Not an intraday trading idea; place appropriate stoploss.
NSE:BANKNIFTYShort
by Stock-Holmes
13
Good time to accumulate this stock. Company:- Hindustan Unilever Ltd. Sector:- FMCG M Cap. :- 5.61 Trilion Technical:- On the hourly chart, smart money forms a falling (Bullish) wedge pattern and the last leg of the fall is completed soon at the 2330 level. So when #HUL tests the 2330 level that is a good time for creating a long trade, if you are a long-term investor you can accumulate this stock between the 2360 - 2330 range for the target of 2664 then the 3000 level is visible in the next few months. Disclaimer:- Dear trader and investor before making any trade or investment do your analysis and consult your financial advisor because I'm not a SEBI-registered advisor but I'm a full-time trader and investor and I'm running offline and online trading desk.
NSE:HINDUNILVRLong
by Pro_Trader_Club
Insecticides India - Upward journey to continueOn Weekly/Monthly chart it seems we are in a great long 3rd wave in progress. On Daily chart, we may have just completed 4th wave and might enter 5th wave on the yellow trendline break as shown hereby. We will have to see the price action and momentum near 640s and 650s and then plan to seek an upward journey until end of 5th wave on Daily time-frame. There is a great demand zone on daily chart too from which price is trying to bounce up. So let's wait and watch. This is a good scrip for educating and practicing ourselves on Elliott Wave and Demand-Supply models with Price Action as primary staple diet :)
NSE:INSECTICIDLong
by champvimal
2
Bosch Ltd - Great Long Term PickIt seems Monthly Supply zone is broken (the big red bar from left is 1-M Supply Zone broken in style). Now, on Weekly/Daily chart, the Elliott Wave Model applied is as shown. We are in great extended 5th wave. If price still continues to make higher lows and higher highs then 5th wave end possibilities are also as shown in the chart. However, for those who haven't been in this boat, a great opportunity to buy for longs can come at the nice green 1 day demand zone bar shown hereby. We will have to see the price action and momentum near 26100 to 25800 and then plan to seek a bounce for an upward journey. Again, I will post those ideas which are great opportunities to educate and practice ourselves on Elliott Wave and Demand-Supply models with Price Action as primary foundation.
NSE:BOSCHLTDLong
by champvimal
LIC Housing Finance - Downward plan?It seems LIC Housing Finance will make a downward direction plan after the steady uptrend. As per the 15 Mins TF chart, it is making ABC structure after the trendline break. Also, there is a distribution zone / Supply Zone from where the price is falling. RSI is slipping downwards too. To confirm a downtrend, 630 needs to be broken with good red candle. If 625 (Gann Number) breaks, then more possibility / opportunity for downside. Probable C placements are as shown in the chart. Let's see how it goes. Good exercise to study ABC Elliott Wave Structure model in a practical manner.
NSE:LICHSGFINShort
by champvimal
Is Natural gas stagging reversal? 1-2 1-2 wave patterns seen and gap up opening given today. The gap need to sustain and it shouldn't break invalidation level to continue upside momentum. Disclaimer: There is no guarantee of profits nor exceptions from losses in world of stock Market. FnO Trading is Highly Risky business you can loose more that your trading capital. This chart is solely the personal views of my research and development of market it can go wrong as well. Do your own study or ask your financial advisors before investing/trading blindly.
CAPITALCOM:NATURALGASLong
by Niftydirection
PVRINOX :- AT STRONG SUPPORT ZONE NSE:PVRINOX PVR INOX Ltd. engages in the business of theatrical exhibition and allied activities. It has 689 screens across 115 cities in India and Sri Lanka with 361 properties. It is headquartered in Haryana, India. Technical Analysis:- 1. Trading at a strong support zone and showing rejections from below. 2. it can form a C up leg in a triangle formation. 3. the spread of recent falling candles has started to reduce. 4. the volume is not supporting the down move. as volume declining + price declining is a sign of weakness in a downtrend. 5. the RSI & Stochastic is rising from the oversold zone. 6. Started forming a base around the support zone. ENTRY:- shall be above the base formation 1420 STOP: below the support zone, it should be on a weekly candle-closing basis. Targets are mentioned on the chart. Fundamental News:- PVRINOX is opening some new screens. Hope you understand the analysis and study the charts for better clarification. Keep Learning, Happy Trading.
NSE:PVRINOXLong
by SANJAYPATIDAR_
6
HDFC Bank (Bearish Sequence)## We publish bearish sequence in hdfc bank & exactly it happen eventhough bank nifty is recovering but hdfc is not, you can see the chart below. ## Anyway HDFC bank is still developing M2 wave after which it will proceed for downward movement. ## Even though M3 failed but still Longterm wave is still bearish, so hdfc bank will fall again. _____________________________________________________________________________ Previous Long Term forecast ______________________________________________________________________________ Bank Nifty Medium Term Forecast _____________________________________________________________________________
NSE:HDFCBANKShort
by Neowave-forecast
#Banknifty directions and levels for March 7th.Banknifty has the same sentiment; there is a completed motive structure. So, if the initial market declines sharply, then we can expect a minimum of 23% to 38% Fibonacci correction. If it breaks the 38% Fibonacci level, that's a sign of a trend reversal (bearish trend). On the other hand, if it finds support there (23%), it might consolidate a little bit. Alternatively, if the gap-up sustains and breaks the supply zone, here also the same extension might happen. So, if the market breaks the supply zone, we can expect a rally continuation in the upcoming sessions."
NSE:BANKNIFTY
by Manickamtraders
#Nifty directions and levels for March 7th."Good morning, friends! Here are the directions for March 7th: there have been no changes. The global market trend remains structurally moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to a slightly gap-up start, as suggested by Giftnifty, showing a +50 point. Nifty had a solid pullback in the last session; however, the motive wave is over. So, if the market rejects around the immediate resistance (22537) or if the initial market declines sharply, then we can expect a minimum of 23% to 38% Fibonacci correction. If it breaks the 38% Fibonacci level, that's a sign of a trend reversal (bearish trend). On the other hand, if it finds support there (38%), it might consolidate a little bit. Alternatively, if the gap-up sustains, then we can expect an extension variation. It could be a long wave because the extension is a big wave of motive, and although the previous rally also has a solid one, if the gap-up breaks the immediate resistance level solidly, then we can expect a further long rally.
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for March 6th."Good morning, friends! Here are the directions for March 6th: The global market trend remains structurally moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to a slightly gap-down start, as suggested by Giftnifty, showing a -12 point. Nifty has a range-bound structure, so if the market opens neutrally, we can expect further range continuation. However, a directional move is anticipated only if it breaks the range either upside or downside.
NSE:NIFTY
by Manickamtraders
#Banknifty directions and levels for March 6th.The Banknifty structure is a little different; as per the wave structure, there is a pullback wave bending (minor sub-wave 5th). So, if the market breaks yesterday's high, then we can expect a range between 47821 to 47957. Since this is the 5th wave, once it rejects there, we can anticipate a correctional wave that may take a 23 to 38% Fibonacci correction to the minor swing. however, if it sustains there(47957) then we can expect further extension. Alternatively, if it declines initially, the 47427 level will act as a crucial support. If it finds support there, then we can initially expect a range market for rally continuation. However, if it breaks, it might turn into an overall correction phase."
NSE:BANKNIFTY
by Manickamtraders
#Nifty directions and levels for March 5thGood morning, friends! Here are the directions for March 5th: there have been no significant changes. The global market trend remains moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to a slightly gap-down start, as suggested by Giftnifty, showing a -20 point. Nifty consolidated in the last session. Structurally, it may be the 4th correctional wave, as the 4th wave typically involves a little bit of long consolidation. So, according to the structure, we could expect the rally only if it breaks the supply zone effectively. The upcoming 5th wave is a distribution wave, and it's also difficult to trade. We should concentrate on the breakout structure; if it has a solid structure, it might take some extension, or if it breaks with minor consolidation (less volume), then it may form a diagonal type. Alternatively, if the market declines, then we can expect a minor correction initially. After that, if it finds support around 23 or 38%, we can expect further consolidation for an upside breakout. However, if it doesn't take support, then the correction will likely continue.
NSE:NIFTY
by Manickamtraders
#Banknifty directions and levels for March 5thBanknifty is following a 5th ending diagonal pattern. So if the market breaks yesterday's high, it will reach the fib level 78% with minor consolidation. After that, if it rejects there, we can expect a minimum of a 23 to 38% correctional wave. However, if it sustains there (consolidates), then it might turn into an extension variation. On the other hand, if the initial market declines, then we can consider that as an expanding flat variation, meaning the 4th wave continuation. If it finds support around the demand zone, then we can expect consolidation for the 5th impulse wave. However, if it breaks the demand zone, then the correction will continue.
NSE:BANKNIFTY
by Manickamtraders
#Nifty directions and levels for March 4thGood morning, friends! Here are the directions for March 4th: The global market trend is still moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +70 point. Nifty has a consolidation structure around the supply zone, so it might be in subwave 4th. If the market breaks the supply zone, then we can expect the 5th impulse wave. The 5th wave is a distribution wave, so my assumption is it might be forming an ending diagonal pattern. If it forms and rejects around 22537, then we can expect a correction of at least 23 to 38%. However, if the rally has a solid bullish structure, the rally will likely continue when it breaks the level of 22537. Alternatively, if the gap-up doesn't sustain, then we can expect a 23 to 38% correction initially, meaning the 4th wave may continue further. However, if it breaks the fib level of 38% structurally, it may turn into a correction phase in the upcoming days.
NSE:NIFTY
by Manickamtraders
Havells ATH break 2x possible?Havells made strong marubozu on weekly scale and looks ready for next move. Will look for entry points on pullbacks with stop usually in 6-7% or worst 10% at 1413 below which must exit. Don't trade in FnO based on this analysis it can go wrong DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:HAVELLSLong
by Niftydirection
1