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Elliott Wave

What ITC has done so far ? do you know ?Well I have met many Jokers in this platform , who claims so much of victory but have no idea what is happening in the stocks / Indices They still continue to claim their indicators , Telegram Channels ( Message in Private Box ) , and etc etc and retail usually follow them only to end up getting loss I had to make this above statement particularly one individual is very irritating me with various methods , i am letting it go ignoring so far Regarding Scrip , ITC so far have made its move up as 3 wave impulse and have corrected in the pattern of ABC as sharp corrective pattern Wave 4 by which it meets the Guidelines set or advised by R N Elliott as alternative moves of sharp and side ways ( wave 2 is side ways so the wave 4 will be sharp ) Now i am looking for a strong reversal basically on daily then followed by weekly , apparently its still not showing a sign of strong reversal daily for safe entry and long term prospective one can wait for weekly strong close , because the room to down side is still at large it can come down or it might reverse at any given condition it must not brake the low of its last impulse leg So people please wait for strong close on weekly and take a safe entry for next move up Good luck
NSE:ITCLong
by ShreeKrishna_F
23
Bitcoin - Classic Flat-Screaming for 72000 Target Upside Elliott Wave Flat Sequence with Wave C Ending Diagonal In Elliott Wave Theory, a flat sequence typically consists of three waves: A, B, and C. The pattern is generally labeled 3-3-5, indicating the wave structures. Wave A: A corrective three-wave move. Wave B: Another three-wave corrective move, often retracing Wave A by 90% or more. Wave C: A five-wave move, which can unfold as an ending diagonal. An ending diagonal in Wave C indicates a slowing momentum, often signaling a reversal. The ending diagonal structure usually forms a wedge pattern, tapering towards the end. This setup is crucial for identifying potential turning points in the market. Buying Trigger Above 66457 Target 71993 From WaveTalks Abhishek
CRYPTO:BTCUSDLong
by WaveTalks
2
#Banknifty directions and levels for June 21st.Bullish sentiment: > We previously discussed that the market is in the 4th subwave. This is still the case, so we expect a range-bound market today. > If the market breaks the range on the upside, we can expect the 5th wave rally. However, the 5th wave is a distribution phase, > so even with an upside breakout, the market might not move significantly. > A sharp rally can be expected if the market breaks the immediate resistance effectively or consolidates around it. Otherwise, significant movement is unlikely. Bearish sentiment: The same sentiment applies on the downside. If the market finds support at the immediate support level, the range will likely continue. If it breaks the immediate support, we can expect the correction to continue.
NSE:BANKNIFTY
by Manickamtraders
2
#nifty directions and levels for June 21st.Good morning, friends! 🌺🍬 Here are the directions for June 21st: There are no significant changes in the global or our markets. They are maintaining a moderately bullish sentiment. Today, the market may open neutral to slightly gap-up, as indicated by GiftNifty, which shows an increase of 3 points (as of 8:00 AM). Range-Bound Market: Both Nifty and BankNifty consolidated in the previous session, and this may continue today. However, if the market breaks out of this range, we need to be prepared. Bullish sentiment: > We previously discussed that the market is in the 4th subwave. This is still the case, so we expect a range-bound market today. > If the market breaks the range on the upside, we can expect the 5th wave rally. However, the 5th wave is a distribution phase, > so even with an upside breakout, the market might not move significantly. > A sharp rally can be expected if the market breaks the immediate resistance effectively or consolidates around it. Otherwise, significant movement is unlikely. Bearish sentiment: The same sentiment applies on the downside. If the market finds support at the immediate support level, the range will likely continue. If it breaks the immediate support, we can expect the correction to continue.
NSE:NIFTY
by Manickamtraders
Bandhan Bank -Potential Breakout in Progress (Upside Target-430) I suggested somewhere that market participants should start looking at this stock and hold it in their portfolio with an upside trigger of 265 and a final target of 430, to be reviewed later. No surprise – the stock has started moving from our desired zone of 155-175. What a low 169 . Will it cross 265 and later 430? Only time will tell. Pattern: Falling Wedge (Similar to Adani Wilmar as discussed earlier) Such patterns swiftly move towards its starting point. In this case it is 430 From WaveTalks Abhishek
NSE:BANDHANBNKLong
by WaveTalks
4
#Nifty directions and levels for June20th.Good morning, friends! 🌺🍬 Here are the directions for June 20th: There are no significant changes in the global and our markets. They are maintaining a moderately bullish sentiment. Today, the market may open neutral to slightly gap-up, as indicated by GiftNifty, which shows an increase of 10 points (at 8:00 AM). Nifty Analysis Nifty and Bank Nifty structures are different, but the subwaves are the same, currently in sub-wave 4. Here’s the breakdown: Previous Session: Nifty had high volatility. We discussed a diagonal pattern in the 5th wave, and a sharp rejection suggested a possible correction. This correction happened in the previous session. Current Structure: Nifty is forming a flat correction variation, a time-adjustment correction pattern. Today's Expectation: The market may move in two ways. Even if it opens with a gap-up, a correction to 23,442 and 23,380 is possible. This is the final leg of the flat correction, so if support is found at these levels, a bounce back is expected. Alternative Scenario: If the market sustains the gap-up, it may consolidate between the previous high and the previous close, resulting in a range-bound market.
NSE:NIFTY
by Manickamtraders
2
#banknifty directions and levels for June20th.Bank Nifty Analysis Bank Nifty had a solid rally, but retraced a bit in the second half. Structurally, the retracement could be sub-wave 4. Here, the market indicates a minor correction, structurally the C leg of the 4th wave. If it finds support around the 50% or 61% Fibonacci levels, then we can expect the 5th wave bounce back. However, it should break the 38% Fibonacci level for us to expect the 50% and 61% levels. An alternative scenario, similar to Nifty, indicates a range-bound market. We can expect a rally only if it breaks the previous high.
NSE:BANKNIFTY
by Manickamtraders
Bank Nifty Weekly Wave Analysis & Positional Trade SetupReason for shorting: As per Elliott Wave theory, Bank Nifty has completed the 1, 2, 3, 4, 5 moves, and wave 5 went up in a contracting triangle ED (Ending Diagonal). It has completed a degree, and now we are expecting a correction. Based on Fibonacci retracement levels, our minimum targets are 0.618 and 0.786. Time Frame: Weekly Stop Loss: Above ATH (51130) Targets: Mentioned in the chart Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:BANKNIFTYShort
by WaveMoku
16
#Nifty directions and levels for June19th.Good morning, friends! 🌺🍬 Here are the directions for June 19th: There are no significant changes in the global and our markets. They are maintaining a moderately bullish sentiment. Today, the market may open with a gap-up start, as indicated by GiftNifty, which shows an increase of 70 points (at 8:00 AM). Nifty has been maintaining consolidation even if it opens with a gap-up. Today may follow a similar pattern. If the market opens with a gap-up, it may consolidate around the supply zone. The rally will continue only if it breaks the supply zone with consolidation or a solid candle breakout occurs. This is the basic structure. An alternate view from wave analysis suggests that we are currently in the 5th diagonal wave, which is a distribution wave. Structurally, the market is moving accordingly. If the market sharply rejects around the supply zone, we can expect a minimum retracement of 38% in the minor swing. After that, if it breaks the 38% level, it may turn into a correction.
NSE:NIFTY
by Manickamtraders
3
#Banknifty directions and levels for June19th.BankNifty has shown a solid breakout after the triangle structure. According to wave analysis, the triangle could be the 4th wave, and the breakout pullback could be the 5th wave, which is also a distribution wave. However, there are two subwaves pending, so if the market sustains the gap-up, we can expect a pullback rally with minor consolidation around the supply zone. This is the basic structure. Alternatively, if the market faces a sharp rejection, we can initially expect a minimum of 38% correction in the minor swing. After that, if it breaks the 38% level, it may turn into a correction, or if it finds support at the 38% Fibonacci level, the market may consolidate.
NSE:BANKNIFTY
by Manickamtraders
3
#Nifty Directions and levels for June 18th.Good morning, friends! 🌺🍬 Here are the directions for June 18th: There are still no significant changes in the global and our markets. They are maintaining a moderately bullish sentiment. Today, the market may open with a gap-up start, as indicated by GiftNifty, which shows an increase of 110 points (at 8:00 AM). Nifty and Bank Nifty have structures of consolidation. Even though they are in consolidation, the wave counts are different. Nifty is moving in the 5th diagonal, and Bank Nifty is moving in the 4th correction. We have already discussed this. Let's discuss today's direction. If the Nifty sustains the gap-up start, then we can expect a minimum of 23606 to 23668. It's a higher degree supply zone, but it’s not a big deal today. If the market reaches there, it will likely take consolidation there, meaning the market may maintain the bullish sentiment in the upcoming session as well. On the other hand, if it rejects sharply around the supply zone, we could wait for the reversal confirmation, as usual, EMA20 or minor swing 38% Fibonacci level breakout. If it breaks, we can expect the next correctional target, a minimum of the 78% Fibonacci level. If it doesn’t break the 38%, then minor consolidation may continue. The alternate view is if the gap-up doesn’t sustain or if it rejects around the level of 23556, then the diagonal may continue further within the channel. If you want clear levels, then use the same reversal confirmation parameters.
NSE:NIFTY
by Manickamtraders
Primary 3 ending soonPrimary degree:Green Intermediate:yellow Minor:Red Currently we are in minor 5 of intermediate 5 of primary 3.Price wise we have seen 361.8% extension of primary wave 1 in primary wave 3. Going ahead if minor 2-4 trend line is broken then we can see start of Primary wave 4 which can take prices between 90-70.One should avoid going long at current levels and wait for lower levels to enter. For someone who is already long can keep a stop-loss of 155.Count invalid above 192(Fresh long only above 192).I havent included momentum indicator over here but it is also showing negative divergence,a potential sign of topping. Disclaimer:This are just my views on the stock,no positions should solely be taken or exited on its basis.Posting this for my future reference.
NSE:IRFC
by UNDERDOG-29
13