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...
Levels as mentioned on the chart Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind
Levels as mentioned on the 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
Levels as mentioned on the chart Followup charts 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
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
C leg may start in intraday move of ABC of 4th wave on day TF.
Levels as mentioned on the chart Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind
Hi Everyone This is an forecast of Alibaba group Holdings we have completed wave 1 called M1 ( medium term forecast). Time frame for Medium term forecast is usually 2 to 4 weeks. We are currently in wave M2 which is still progressing but almost in last stage. So price should move downward unless it brakes invalidation Level. use our tradingview live links for...
Looks like Wave 2 is in the Progress, one can take risk with 22 DCB SL
Levels as mentioned on the chart Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind
NIFTY currently travelling in the 4th wave of the " C " Wave expecting nifty in buy side till around 17475 from there expecting a huge fall again breaking the previous low This analysis is just for Educational purposes Our team is not responsible for any kind of Profits or Losses made
In Bata looks like correction has ended and stock if moves above 1855 can easily show 2200-2300+ targets with small SL of around 100 points.
As you can see Divis Lab is on the way to downside, in minor Wave E forming a Triangle pattern. As per EWT minutte wave (c) can travel till fibo ratio 1 or 1.2 which are also my target. But a trader must be cautious if it breaks the invalid level of 3710, if this level breaks above all study/ Analysis will be invalid.
SBIN has completed A-B-C Correction and new impluse may start. There are divergences seen in RSI which indicated seller are losing strengths. There was also short covering in October futures which is also buy signal as people who were short in SBIN are booking there profits and buyer making new buying position. Traders are requested to do their own analysis...
NIFTY 50 Analysis based on Elliot Wave Theory 1) 5-April-2022 to 17-June-2022: NIFTY 50 formed a 5-wave bearish impulse wave down from 18,100 to 15,175 2) 19-June-2022 to 13-Sept-2022: NIFTY 50 formed a 5-wave bullish impulse wave up from 15,175 to 18,075 3) 18-Aug-2022 to 13-Sept-2022: Waves (4) and (5) of the 5-wave bullish impulse wave were also the...