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Elliotwaveanalysis

Possible Wave Counts on Daily Time Frame Chart of DXYMost investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! In this study we used Elliott Wave Theory & Structures, here we have plotted possible wave counts on daily time frame chart of DXY Dollar Index, it involves multiple possibilities, and the analysis presented focuses on one potential scenario. The provided information is for educational purposes only, not trading advice. There's a risk of being completely wrong. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
TVC:DXYShort
by RK_Chaarts
Chart says everything itself: Educational post Please check all snaps shared here Educational post I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:TATACONSUMEducation
by RK_Chaarts
4
BEML- Breakout updateBEML CMP: 4360.25; RSI: 67.40; BEML has completed primary level ABC correction pattern. Now clear breakout above 4280 level was observed as script is sustaining above breakout level from last 3 consecutive trading sessions, representing strength in script and bottoming out signs. Thus, fresh position in BEML can be initiated. Chart structure is strong and must be accumulated for a swing trade as per below suggested levels. Accumulation Zone: 4300-4400 Stop Loss: 4280 Target: 4604-5052-6234 ✅ FOR MORE TRADING IDEAS LIKE THIS, PLEASE LIKE, SHARE, AND FOLLOW MY IDEA STREAM ✅
NSE:BEMLLong
by DrPrashantVerma
TATA POWER - Short & Long Term View- Wave AnalysisTATA POWER CMP: 428.45; RSI: 50.05 TATA Power in Primary bull cycle & in mid of impulse wave-3 in weekly chart basis. This, Primary Impulse wave-3, should take the price to levels of 646 (1.618x) in next 8-10 month of time frame. While wave within the wave, on shorter time frame, on daily chart frame, its middle of intermediate corrective wave-4, which may retrace the price till 365 to 330 levels in coming 3-4 months. Value Buy level : 330-365; Accumulation zone: 330-390; Mid term target (Q1 FY: 25-26): 600-650 Long Term Target ( 3-4 Yrs): 850-900
NSE:TATAPOWERLong
by DrPrashantVerma
ICICI Bank Shorting Opportunity Confirmed: Multiple Bearish SignThe broader market has entered a bearish trend, and ICICI Bank, a less-moved stock compared to other banks, is now showing signs of catching up. Technical Confirmations: Trendline Break Ascending Triangle Breakdown Lower Lows Entry for Short : 1245-1243 Range (Can Take 1240/1260 PUT Option Current Month Expiry and/or Next Month Expiry to avoid Volatility) Target : Open/Mentioned. STOP Loss : 1275/Swing High How do you find this analysis? Follow for more actionable trade ideas like this! Happy Trading !!
NSE:ICICIBANKShort
by Vikrant_Mighty
4
Corrective rise in Reliance The current upmove in Reliance is corrective. The recent low was made near the 111% level, which is considered the wave B level of Flat Correction. The price is in wave C currently. If anyone is interested in buying Reliance, there is a buying opportunity in the blue box. The stop loss will be below wave B. The targets are open as: Minimum 61.8% (the price is near this level) Rule of equality 100% Extended golden ratio 161.8% This analysis is based on Elliott Wave theory and Fibonacci. This is not buying recommendations. Always do your research before taking any action. For educational purposes only.
NSE:RELIANCELong
by theprofityogi
1
NIFTY ELLIOT WAVE ANALYSIS - Wave b(4)Potential Wave B Completion in Wave 4 Correction Currently, Nifty appears to be in Wave B of an ongoing Wave 4 correction in the Elliott Wave structure. The price action suggests the possibility of filling the gap around the 81.2% retracement level, following which a decline in the form of Wave C might unfold. Key Levels to Watch: Resistance Zone: 25,600–25,700 This level could act as a key resistance, capping the upward move of Wave B. Support Zone: 22,700–22,800 On the downside, this area may provide significant support and serve as the target for Wave C. Potential Scenario: Wave B could complete after testing the resistance zone, forming a bearish reversal. If the gap fill around the 81.2% Fibonacci retracement occurs, it might signal the transition into Wave C. Wave C could drive prices lower toward the support zone, completing the corrective structure.
NSE:NIFTY
by hiteshkumar10999
TCS Buying Opportunity▎Analysis of TCS Stock using Elliott Wave Theory Overview: TCS (Tata Consultancy Services) has recently formed an Ending Diagonal pattern in the 75-minute timeframe, indicative of a terminal impulse wave. This pattern suggests that the stock may be nearing the end of its current trend, and a reversal could be imminent. Elliott Wave Theory Context: According to Elliott Wave Theory, an Ending Diagonal typically occurs in the final wave of a trend (Wave 5). This pattern is characterized by converging trendlines and can signify exhaustion in buying or selling pressure. Traders often look for a reversal after such formations, particularly when combined with Fibonacci retracement levels. Fibonacci Retracement: Following the completion of the Ending Diagonal, TCS has retraced approximately 61.8% of its previous upward move. The 61.8% Fibonacci retracement level is considered a significant area for potential support, where aggressive traders might start to accumulate positions in anticipation of a reversal. For those who prefer a more conservative approach, waiting for the 81% retracement level could provide an additional margin of safety before entering a trade. This level often acts as a strong support zone and can offer better risk-reward ratios. Entry Points: • Aggressive Entry: Near the 61.8% Fibonacci retracement level. • Conservative Entry: Around the 81% Fibonacci retracement level. Stop Loss: As indicated in the accompanying chart, it is crucial to place a stop loss just below the recent swing low or beneath the 81% retracement level. This helps to manage risk effectively should the market move against the anticipated direction. ▎Conclusion: The current technical setup for TCS presents potential buying opportunities based on the Ending Diagonal formation and Fibonacci retracement levels. Traders should consider their risk tolerance and trading style when deciding on entry points and stop loss placements. As always, it is essential to conduct further analysis and confirm signals with additional indicators before making trading decisions. Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice. Always do your own research and consult with a financial advisor before making investment decisions.
NSE:TCSLong
by theprofityogi
Good buying opportunity in HDFCAMCWave 4 is almost finished in HDFCAMC. We can see that a Flat Correction is getting over here. Wave C of this Flat Correction is near 127%, where a 50% retracement level of the previous impulse is also present. This creates a good buying cluster. The stop loss for this trade will be 61.8% (marked in red). As wave 4 will never reach this level, we can assume that this is a pretty valid level at which to put our stop. This analysis is based on Elliott wave theory and Fibonacci. This analysis is for educational purposes only. Please always do your own research before you take any trade.
NSE:HDFCAMCLong
by theprofityogi
When to buy BHARTIAIRTELIn BHARTI AIRTEL, a Diagonal (Terminal impulse) is finished and the price is falling. After any Diagonal the next fall is always 61.8% or 81.2%. So, if anyone is interested in buying this stock, they may start buying near these two levels: 1577.45 and 1544.05. This analysis is based on Elliott wave theory and Fibonacci. This is not any buying recommendation. Please always do your own research before you take any trade. This analysis is for educational purposes only.
NSE:BHARTIARTL
by theprofityogi