NSE:GATI I am seeing few interesting observations: It looks like a fresh EW wave formation started from 20/06/2022, after completion of previous wave since June 2020. Now the current wave-1 replicates the same price-action of June'20 to Dec'20, starting from June'22 to till date. It can be viewed as a Pole-and-Flag also, where the price action moves up...
As going through the chart muthoot fin look bullish for short term. but still in correction in larger TF.
NSE:LUPIN has just completed wave 1 which was a leading diagonal, with deep corrective wave 2 almost 0.236 of fibo retracement and also healthy volume built-up which looks good to buy, with Sl of 594 and Target of 733 , 881 .
Very Interesting. Sort of (heterodox) Elliot Wave (sic). Just plot in in Daily chart. What you see: 4 triangles - in the order of smaller highest medium smaller height (noted in the green flags). Lets call it our Elliot Waves 12345-ABC. (The green flags are motive peaks and reds are corrective trough. After that there is a rounding bottom - shown as blue...
seems like nifty has started wave 4 on minor degree in the on going impulse.one should avoid buying at current levels unless we see a decisive close above 18100 and wait till 17100 level is reached on index as it is the 38.2% retracement of previous wave 3 along with price action support zone. Important rasistance level are 17684-17763-17842. Shortselling can be...
Can go bullish if 66 price level not broken. as per understanding about Elliott wave Theory, LTFH is in correction Intermediate wave ABC in larger TF, but bullish in daily TF or Minor wave C . one can go long till fibo ratio 1 /1.272, which can be Tr-1 = 154 , Tr-2 = 201. be cautious, good luck. Happy Trading.
We are looking into long term trend of J K paper in weekly timeframe with the help of Elliot Wave and Fib. Here are our observations: We are actually in the corrective A,B,C phase of wave formation. The recent move of around 365 to 400+ is the wave-B of corrective wave-A,B,C. The major corrective wave-C may be extended upto the 61.8% (Golden Ratio) of...
As shared previously, (Motherson Bigger TF) chart still looks bearish need to wait to buy can go down till 52 or if it breaks 77 one can enter to BUY.
This right time to enter long short trade in colpal . Structural of colpal very clear that confirm future. Try with stoploss . Critical stoploss point : 1640. Short trade Target : 1300 . This post Educational purposes only
The Short Setup is as follows: Elliot Wave Standing Point: Rise from Covid Lows can be marked as a Diagonal in the form of ABCDE and Wave E just completed in September For the Short Term as per Daily Time Frame, we can see the following Observations: 1) RSI gone below 40 ✅ 2) ADX at 24 rising, DMI in Sell Mode ✅ 3) Super Trend (10,3) gone in Sell Mode ✅ 4) MACD...
- So Wave E high did not get taken out all this while even though, hence Setup still valid - A 5 wave Fall (Wave i) on Hourly Charts can be Counted from Wave E high - A 3 Wave Corrective Rise (Wave ii) in the form of an Expanded Flat retraced 0.618% of the Fall from Wave E high - Price did Wave i and then ii, and now iii on Downside has Started📉 Wave i= Wave iii...
Levels as mentioned on the chart Followup chart Levels as mentioned on the chart Wish You Happy & safe trading Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
Infy 1H chart, if breaks below 1482 good to sell, start of minute wave5, please also refer to below daily chart analysis of infy.
INFY is going down in Channel expecting wave 5 to go near 1354 & then 1278. if the price breaks the invalidation level (1465) then the whole markings are invalid.
The present trend seems to be bearish according to Elliot waves and the Target of wave 5 downwords is calculated according to fibonacci levels
Last down leg of wave5 may resume after completion of 2=4
One can expect an side ways , Correction in this pair and then resume of trend , Current move is not Exhaustion its just an pause before resuming the trend Most people in this forum trying to post this as end of the trend , In reality its just an pause , if you really want to see how professionals work , have a look of my chart on USD INR Pair , posted...
After the formation of ending diagonal stock has given an upside impulsive rally and undergone into a corrective phase. The recent price action suggests that corrective phase has been over and stock is ready for another leg of impulse on the upside. One should buy the stock in the current levels or on dips near 730 zone , keeping SL of 660 look for the tgt of...