Hello Traders!
1. The previous count wasn't respected by the market. So we had to check for a new count . After re-analysing the Nifty 50 market, we realised that it is the Wave C of the correction that is in progress .
2. We have a major support of 15300 . That's where we expect the market to be soon. An overall fast, impulsive movement.
3. The only ...
As per the Elliot wave analysis, the downtrend of Nifty moved in a 5-wave pattern.
Each impulse wave (ie waves 1,3 and 5) moved in 5 smaller waves.
Waves 3 and 5 were equal in length which was 1.23 times wave 1. This fits very well into the rules of the Elliot wave.
Waves 2 and 4 had a horizontal zigzag correction as expected.
We can expect corrective waves...
Hello Traders!
1. We see a completed 3rd wave of impulse that started after Lockdown - March 2020.
2. We see a clear zigzag correction for Wave a, marked with red ABC.
3. We see a 3-wave Wave b . The count of wave C of this wave is being shared here for clarity.
4.The most expected target for BankNifty should be around 30500 . This is because we...
USDINR possible and aligned Elliott wave structure of multi time frames from monthly to hourly.
Monthly chart
Weekly chart
Daily chart
4 Hourly chart
1 Hourly chart
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...
Hello traders! I came up with this trading idea on January 2 2023 itself and will be attaching the link for the same as well. I was just waiting for the market to give us a better picture. As you can see on the chart, various guidelines point out the yellow zone to be a strong selling point with target levels at Wave 4 end(50% fib). We just have to wait for some...
Hello Traders!
1. We can see an ending diagonal forming on the Nifty50 chart on the 1hr tf .
2. The retracement levels have been mentioned which gives us more evidence of the market following the wave pattern.
3. We see a strong trend resistance of the market. Once the resistance is cleared, we can look forwards to buying calls or selling puts, whatever...
As per Elliott wave structure and along with running trend sequence USOIL Crude oil is looking sell now or on rise (if any) with invalidation level of $ 90.17
Also RK's mass psychological cloud is suggesting to go short
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a...
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...
NSE:TATASTEEL
Breaking out in 3rd wave.
A larger degree wave 3 can take the stock many fold in next 4-5 years.
Only if you believe in magic of Wave Principle.
Natural gas has completed the impulsive cycle at 801 and started collapsing to form the corrective process. In this corrective cycle, the price has accomplished the corrective wave B and started constructing wave C of normal zigzag correction.
There are two reversal points for natural gas:
1) Wave C can occur near wave (4)
2) wave C can accomplish its...
#banknifty :- Weekly view (Week starting 9th Jan'23)
Looks like the complex correction in the 4th wave is in progress, last 2 days of fall were an impulse, which will be followed by the ABC correction, which gives a target of 42,928 on the upside.
Regards,
SG
Disclaimer
There is a very high degree of risk involved in trading. Past results are not indicative of future returns.
Wishing You All A Happy & Prosperous New Year 2023 !!!
Short Video on Bank Nifty - The last move or idea for year 2022.
Last Price - 43115
Trading Strategy
Plan A - Important Support Zone 42900-43000
Index taking support...
On the daily TF, I see a complex correction in the form of WXY. According to guidelines, the expected target of a C wave is 161.8% of A wave of an expanded flat. The same expanded flat is expected in the Y wave. That sets the target of C wave at 25500 which also happens to be 61.8% of the prior bull wave. We do still have to wait for confirmation of the wave 2...
Elliott wave
Unbroken rules of impulsive waves
It would help you to check whether Any index or stock are in impulsive move or in correction phase.
Simple but the basic rules.
Simple method will improve your view towards market. Watch and learn.
Natural Gas is looking good to go long as per wave structures suggesting impulse to unfold, with invalidation levels of $ 6.725.
RK's mass psychological cloud is also suggesting positive ahead, along with macd positive support.
Natural gas had given trendline breakout along with good intensity of volumes on hourly chart.
After positive divergence, breakout with...
Hello Traders!
1. We see an Expanding Leading Diagonal for Wave 1.
2. As per the guidelines, the most common level for retracement of a leading diagonal is 78.6% . That is exactly what happened here. We also have a support on the same level.
3. We have a clear invalidation level at the start of Wave 1 .
4. The most expected target for Wave 3 would be ...
