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Elliott Wave

Chalet Hotels - Exit Chalet Hotels, part of the Nifty Smallcap 250 and a favourite stock in the hotel/tourism sector, appears to have completed Wave V of a larger degree on 30 Dec 2024. Wave structure insights: Wave (i) and Wave (iii) were equal in length (1:1), i.e. equality Wave (v) extended to 1.618× the length of Wave (iii). Within Wave (v), sub-waves i and iii were equal; sub-wave v ending near sub-wave iii’s price level. The stock has been unfolding a flat corrective structure: Wave (a) ended on 17 Feb 2025 Wave (b) ended on 28 Jul 2025 — both of similar length If a regular flat corrective structure has to form, then Wave (c) is now in progress and should form a 5-wave downward move. Minimum downside target: ₹664 (slightly beyond 1× of Wave (a) projected to Wave (c)) assuming regular flat. Given this setup, price can remain sideways before turning lower. Action: Exit long positions and wait for the corrective phase to complete before re-entering.
NSE:CHALETShort
by ChartTheWave
Torrent Pharma to touch 3100 again ?Torrent Pharma is in corrective phase for a while. This correction is not going to end anytime soon, however we still have opportunity to make some money here. Currently on the Daily chart its in complex correction in which we have already completed Wave W, what's left is Wave X and Wave Y. Once we are good with the completion of wave X then expect it to unfold in a-b-c which will be part of wave Y. Disclaimer: I am not SEBI registered member, this is only for educational purpose only.
NSE:TORNTPHARM
by Swiftstrike
INTU next target around 850 once correction is overINTU has been correcting after finishing an Impulse sub wave. It will end the correction in the Price band of 745-715. Why such a big Price band to end the correction ? Because it has to correct till 4th wave of earlier sub wave and or resolve technical divergence with the price and RSI so the large band. How can we trade then for a target of 850 ? Wait for the price to enter the correction band of 745-715, the price may for the pattern as indicated by Yellow 1-2-3-4-5 wave pointing downwards., Wait for good candle stick formation in this band, like morning star pattern, pin bar+bullish candle or piercing candle pattern, now combine this with minimum back to back two positive divergences in RSI with price, entry should be with all condition met so that you are in high probability party., or any of the entry principles one has already developed and practicing., How to know if the current rise is impulsive or part of bigger B after entry is made with conditions met? Once entered, if you can inspect in lower time frame to see if its impulsive(Elliott Wave impulsive pattern), then it is confirmed that price is impulsive towards the target, else one can exit with some profits., and again wait for the price to enter the band and enter with above said conditions., How much time it will take for correction to get over and target to reach ? Time calculation is not part of this view , so the whole thing may take few weeks to couple of months to play out! PS: This view is fundamental agnostic and it is price action view with Elliott Wave theory applied., I will make best efforts to call out if the rise is impulsive or not.,
NASDAQ:INTU
by jsgadgil
Sell Prestige Estate futures, minimum target 1608Prestige Estates completed wave iii of the new impulse wave on 9-June and ever since has been undergoing correction in the form of a Flat which is a 3-3-5 structure, generally labelled as Wave (A), Wave (B) and wave (C), each sub-waves named as smaller abc. In the flat structure, The stock formed three independent waves/swings for Wave (A), i.e. 0-a, a-b, b-c. Wave (B), which is a counter wave formed as one single swing. Sub-wave c got completed at 1.618 fibo extension of wave ab. Stock has to form Wave C which is a 5-wave structure, which may have one of the waves as an extension. This provides a "sell" opportunity. Sell Prestige Estates with a minimum target of 1608. Maintain a Stop loss of 1850 or 1.33 times of wave A. One may consider entering at sub-wave (2) as well. I will update actual target as the wave progresses; however minimum target shall not change.
NSE:PRESTIGE1!Short
by ChartTheWave
3
Buy ICICI Prudential Life: Wave (iv) Likely Completed ICICI Prudential Life Insurance completed Wave (iii) on 29 May, followed by a classic flat correction (3-3-5 structure) forming Wave (iv). Structure Breakdown: Wave A (3-wave down) completed on 13 June Wave B (3-wave counter) topped on 15 July Wave C (5-wave impulse) extended into a third sub-wave and completed on 1 August This C wave also aligned with the 0.5 Fibonacci extension of sub-wave 2–3 to 4 — a typical exhaustion zone (shared the chart in comments below). Candlestick Confirmation In the last three trading sessions stock has formed a Three White Soldiers pattern — a strong bullish signal when appearing after a corrective decline. What’s Next? Wave (v) is expected to unfold as a 5-wave structure Potential upside targets based on Fibonacci ratios of wave (0–iii) projected from wave (iv): Target 1: 674 (0.5 Fibo) Target 2: 692 (0.618 Fibo) Trade Plan Buy Zone: Current levels (~619) Targets: 674 / 692 Stop Loss: 593
NSE:ICICIPRULILong
by ChartTheWave
5
Nifty - Elliot Wave Counts - Update (Neutral)In our last post we discussed that in short term 25700 is the target and if we cross that, then Leading diagonal gets invalidated and hence we look for much higher levels. Last post: Thankfully, we didn't get out in shakeouts and rode the entire move till +25600 Now, unfortunately we did not cross 25700 and hence the chance of Wave 1 or something else ending at 25670 became stronger. As of now, we are at a place where there is a lot of confusion. I see a 5th up pending in wider indices, but Nifty seems done. So, is there a possibility that other indices go up, while Nifty just does a pullback as part of the correction and not make a new swing high? A few charts for reference: Nifty Smallcap: Nifty 500: That's about the counts : From other technicals perspective the move looks very similar to Sep 2022 - March 2023 period. But where in that period are we? PA (point A)Oct 2022 - where one more high till Dec 2022 is left? or PB - Feb 2023 - where we just get a pullback and drift lower? (I have marked green arrows on RSI charts to show the reference) So, what do we do in such case? Ditch nifty, play stocks. Lot of stocks looking good - starting 5th up (Just browse through and you'll find many making similar structure as SmallCap index) (Hint - Defence, Realty, Autos, Metals, Pharma) All the best! I will share updates, if I get more clarity on Nifty - till then enjoy the stocks and trade light - remember we are playing seemingly the last leg. :)
NSE:NIFTY
by pankajarora232
6
Paradeep Phosphates: Completion of Major Wave (5), Exit Paradeep Phosphates, part of the Microcap 250, has been a favourite among traders and investors alike. The recent rally has been spectacular—but there are clear signals that this leg may be over. Wave (4) was completed on March 3, 2025, after which the stock began forming Wave (5). This final leg saw a classic Wave (5) extension, with sub-wave (1) itself extending—a rare but powerful pattern in Elliott Wave Theory. From the low of Wave (4), the stock delivered over 180% returns in just 5 months. Why a Top May Be In The major wave 5 has now hit the 1.618 Fibonacci extension of wave 0–3 projected from wave 4. Simultaneously, sub-wave (5) of Wave 5 has also reached the 0.382 fibo extension of wave (0)–(3) to (4). These dual confluences at key fibo levels increase the probability that a significant top has been formed. No New Longs – Exit Advised This is not the time to initiate fresh long positions. Since the stock is not in the F&O segment, shorting is not an option either. Traders and investors are advised to exit and wait for a meaningful correction or a new setup to emerge.
NSE:PARADEEPShort
by ChartTheWave
EUR/USD Elliott Wave Count Signals Downside TargetsThe EUR/USD chart is displaying a completed 5-wave Elliott impulse structure, suggesting the potential start of a larger corrective move to the downside. Wave 5 appears to have finished after a classic ending diagonal pattern, with price now breaking below the wave 4 support trendline — a strong confirmation of trend exhaustion. Currently, price is retracing upward towards the 0.5–0.618 Fibonacci retracement zone of the last impulsive leg, around 1.15912–1.16383, which may serve as the final rejection zone for bears to re-enter. This area aligns perfectly with prior support-turned-resistance and is considered the potential reversal pocket. If price holds below the 1.17869 invalidation level, the structure supports the beginning of an ABC correction or a larger bearish impulse. Target 1 (T1): 1.14800 Target 2 (T2): 1.13915 Stop Loss (SL): 1.17869 This scenario remains valid as long as the price does not break above 1.17869. A clean break and close above this level would invalidate the bearish setup and suggest a possible wave extension.
by Money_Dictators
Tough Times ahead for Nifty. 26277 Top for some years?Nifty has been in Bull run for some Years now. 2008 to 2020 - Wave 1 Impulse 2020 Crash - Wave 2 Correction 2020 to 2025 - Wave 3 Impulse 2025 to 2026 - Wave 4 Correction 2026 2027 Onwards - Wave 5 Impulse Let's Break Wave 4 It may take place in Double or Triple wave Combo. The Corrective Wave ends in 3 or more Legs. Wave A - 26k to 22k. Wave B - 22k to 25.5k Wave C - 25.5k to 21k Next Set of Legs - to Follow in New idea. This would be the 1st of the Corrective Combo that is expected to end around 19k By 2026 2027. Now could be the Time for Wave C with rejection from 0.854 of Fib retracement of Wave A. It looks like Wave C is about to begin.. Let's meet at 21k 🫣 RSI - Circled - to be noted. All The Best🥲 Short Trade Activates below 24750.
NSE:NIFTYShort
by DrAnandM
16
BATAINDIA LONGThe Elliott Wave Theory's description of the structure and pattern of price movements in financial markets is known as the Elliott Wave Structure. The Elliott Wave analysis indicates that the stock has completed waves (i) and (ii), which are shown as blue numbers on the daily chart. Wave (iii) appears to be underway at this time. Wave (iii), also known as the impulse wave, unfolded into five waves, which are illustrated in red. Wave levels are depicted on the chart. An inverted Head and Shoulder Pattern is formed on the chart and the target is shown on the chart. (The Inverted Head and Shoulder Pattern is a bullish reversal pattern). Level of Invalidation The invalidation level of 1269 has been identified as the start point of wave (i). If the price falls below this level, it means that the projected Elliott Wave pattern is not as it appears. I'm not a registered Sebi analyst. My research is done solely for academic purposes. Please consult your financial advisor before trading or investing. I bear no responsibility for your profits or losses. Regards, Dr Vineet
NSE:BATAINDIALong
by drvineet
Nifty will fall to its 200 WMA at 20,308Nifty's Impulse Wave started in June 2022 at 15,123 and completed Wave 5 in September 2024 at 26,269 (Orange lines and levels on chart). The chart is perfect with Wave 3 hitting 1.618 fib and Wave 5 hitting 2.618 fib. Note that Wave 4 was exceptionally quick. It then started an ABC correction wave (Blue on chart). Wave A completed in April at 21,712 (038 fib) and Wave B in June 2025 at 24,854. What's next? Wave C, of course! Wave Cs typically trace back to 0.5 fib to 0.68 fib and the 200 WMA is conveniently sitting right between them at 20,308 (red line) - and that's a solid support for the ABC correction to end.
NSE:NIFTYShort
by sohumm