CDSL Stock is Currently trading in the 4th wave CDSL Stock is Currently trading in the 4th wave and now the fifth wave may come
Stock major support near 1000 so watchful and if you can get a bounce then you can enter into trade.
Elliotwaveanalysis
EURUSD - Elliott Analysis 1:14 Risk RewardFibonacci ratios are frequently used to anticipate the length and retracement levels of ABC waves:
Wave B: Traders often look for Wave B to retrace 38.2%, 50%, 61.8%, or other Fibonacci ratios of Wave A.
Wave C: Traders often look for Wave C to be equal in length to Wave A or related to it by a Fibonacci ratio (e.g., 1.618 times the length of Wave A).
Follow Chart
Coromandel - EW Analysis - Short tradeWe have done a pullback in X and at a key resistance level now.
Expecting next leg down to start anytime. Good RR here for a short with 1905 as SL.
Targets 1800, 1750, 1700.
BANKNIFTY: Elliott Wave AnalysisBANKNIFTY counting using Elliott Wave theory is done from 13th January.
We can see FLART- ZIGZAG- ZIGZAG CORRECTION marked in the chart.
The top made on 6th February is marked as wave (W) because it has 3 moves in it.
The fall after that was sharp and fast. This is the characteristic of wave (X).
Now, according to my analysis price is standing on wave (B) of wave (Y).
and as per previous observations, wave (Y) always crosses the top of wave (W), so we can expect it to go up to 100% extension.
This not any buying or selling recommendation.
This analysis is based on Elliott Wave theory and Fibonacci.
For educational purpose only.
Confipet - Near Strong Strong.Confipet is at the near strong support.
Stock is looks like going to end its correction and ready to move up.
It's a good price to buy and hold for the next 1-2 year for the target of 135.
Keep hold this stock for the long time as fundamentals are very good.
Nifty still going Down? Application of Elliott waves and FiboNSE:NIFTY has corrected by 3500 pts (13.3%) from its high of 26,277 in Sep’24.
In post COVID era this is the 2nd biggest correction in terms of % and biggest in points.
Let us use Elliot wave theory and the Fibonacci retracement tool
Wave Time Start to End Points (percentage from top)
Wave (X) ( (i) to (ii) ) Oct-21 to Jun-22 18,604 to 15,183 3,421 pts (18.4%)
Wave Y ( iii to iv ) Sep-24 to Feb-25 26,277 to 22,986 3,290 pts (13.28%)
Wave Z ( I to ii ) Dec-22 to Mar-23 18,887 to 16,828 2,059 pts (10.79%)
Wave (X) ≈ Wave Y || 3421 ≈ 3290 (Δ4%)
Wave Y ≈ 168% * Wave Z || 3290 ≈ 161.8%*2059 (i.e. 3331) (Δ1%)
*In stock market waves will hardly be exactly equal, 5% of deviation is acceptable to me.
While Wave Y & Z are of same degree, wave (X) is of higher than these two.
IEX continuing downtrendIEX has posted before Daily Timeframe view, now detailed technical view in 1Hr, price has started down move in minutte wave3 of minor Wave C which will last for a year.
NIFTY: New high or new low ahead?It looks like NIFTY is in wave 4 currently.
If this counting is correct, price should not break below wave 2 (23222 level). Because according to rule, wave 4 will never be parallel or below wave 2.
It means price will eventually go in wave 5.
Now, as per this counting wave 3 is shorter than wave 1.
And rule says wave 3 is never the shortest wave.
It means wave 5 will be shorter than wave 3 here.
We may assume target of wave 5 as 24034.
But if price falls below wave 2, this counting becomes invalid.
And price may go in new low.
Tata Motors-2-Chart AnalysisTata motors CMP:786.45; RSI: 36.35;
TATAMOTORS has completed 5 wave impulsive -Primary Bull cycle phase on weekly chart basis and now in corrective of ABC wave in formation . Corrective Wave-A has bottomed out and wave-B may give a swing trade opportunity for aggressive trader . This wave-B may take the Tata Motors shares at levels of 969-980 levels.
In Long term view is still avoid and fresh entry is suggested only for swing trade.
On daily chart basis, also 5 wave structure has formed as identified in chart structure, It suggest script will now reverse as it has entered wave-a formation.
Chart structure suggest a swing trade is open. The key crucial levels are listed below
Swing Trade Target 1: 969-980; Target 2: 1000-1020.
Stop Loss : 710
✅ For more trading ideas like this, please like, share, and follow my Idea Stream ✅
CYIENT BULLISH Cyient keep on making higher highs
Elliott wave
In it's 5 wave, fib level 2400 to 3000
Let see ,
Buying opportunity in PRESTIGE ESTATE LTDPRESTIGE ESTATE LTD is in Double Correction.
The maximum target for wave (Y) of double correction is 161.8% extension.
We can see that price is near 161.8% so here we can buy this stock with stoploss below 1185.
The target will be minimum 38.2% retracement of entire move i.e. 1528
This analysis is based on Elliott Wave theory and Fibonacci.
This analysis is for educational purpose only.
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.
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.
$MONGUSDT READY FOR MEGA THIRD WAVE POLONIEX:MONGUSDT LOOKING JUICY after completing WXYXZ CORRECTIVE AND LOOKING FOR MEGA THIRD WAVE Easy 1000-10000x on the cards ....MEMECOIN TO THE MOOONN
BIKAJI BULLISHPERFECT EWT
4TH WAVE IN COMPLETION, soon upside move with volumes can be seen for
5TH wave confirmation.
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 ✅
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
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 !!
Buying in ITC for small targetThe ITC 75-minute chart forms a Terminal Impulse.
There is a good buying opportunity near the 440 and 445 price zone.
Strict stoploss below wave 2 which is below 432 level.
The target for wave 5 will be 470.
This analysis is based on Elliott Wave theory and Fibonacci.
Please always do your research before you take any action.
For educational purposes only.
TRENT LONG IDEA...I'm taking long positions in the stock based on my Elliot wave analysis.
On breaking down Trent's chart pattern, I can see that the stock price is currently in the wave 4 correction of an upward major WAVE 4 movement.
I'm expecting a quick bounce back to the marked levels (wave 5 rally).
Please do your own analysis before you trade.
Nifty Short term correction but Long term still remains strongNifty short-term correction, but long-term still remains strong.
Start accumulating at lower levels for long-term investments.
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.
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.
