Welcome back to another episode of Wave Talks. Bank Nifty's Tidal Wave -Ride or Crash: Index can face a significant shift with the unfolding ending diagonal. Will you ride the wave to profit or crash on the shore? Unfolding wedge pattern It's time to reconsider Bank Nifty's pattern as it poses a risk. Let us discuss in details price objective & outlook for next...
Hello Friends, Here we have shared possible Elliott wave counts plotted on chart of U.S. Dollar Index - DXY on daily time frame, which clearly indicates that after top of September 2022 we are in corrective phase as per Elliott wave structures, and as per wave counts we can see that we had completed wave ((3)) and now possibly we are in second half of wave ((4))...
in my previous analysis, i have mentioned that BTC is testing important resistance zone. and Yes, BTC was rejected from 30600 levels and now trading around 26500. It was my stop loss point in the analysis. But Now, BTC is looking bullish as pattern in 1 Day chart indicating towards the Elliot Wave Pattern. But also BTC is testing 100 MA support levels in a...
Instead of going down as bigger C wave(as I anticipated in my previous post) it turned around 42822 and moved up again to 43772. It's look like making an irragular or flat correction. We can expect a devastating downmove 42450 level unless it should move above 43772 and stay above this level. Again BN is struggling and unable to make sizeable move. What is your...
Here we had shared possible Elliot wave counts of GOLD chart in which weekly, daily, 4 hourly and hourly all these time frames counts are aligned with each others. 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...
Hello Friends, Here we have shared possible Elliot wave counts of SILVER 4 hourly chart in which we can say possibly we are heading towards north direction as a fresh impulse wave, which can lead towards Bullish bias as now onwards. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like...
KOtak bank spot cmp 1960 Elliot wave 60mins time frame counter is on verge to complete impulse phase and once trend line breakdown is confirmed with bearish candle, corrective phase might unfold. Another scenario is that one more high around 1990-2000 levels is possible and after that fall might start, Bearish divergence on RSI and MACD indicator , with respect...
Reliance spot cmp 2497 Elliot wave study 60 Mins time frame. Counter is on verge to mature its impulse phase, currently counter is in 5 th wave, ending diagonal formation in wave 5 and final leg of ending diagonal can mature any time, one reversal confirmation from price action would give first indication of reversal in trend, Once reversal is confirmed ,...
CNX PSU BANK index spot CMP 3930 Elliot wave study Time frame :- Daily Index is trading in corrective phase of elliot wave. Formation of wave B is completed and current sell off in index have started to unfold wave C of corrective phase. Any rise in index should be used to exit any long position, till the recent high is not taken out on closing basis. On lower...
Cnx finance index cmp 19250 Elliot wave study 120 mins time frame Impulse phase as per elliott wave is matured and corrective phase have started. ascending parallel channel structure is broken and retest done, indicate some more retracement possible. on daily time frame RSI have given breakdown below trend line support. So now the index is sell on rise till the...
CNX AUTO index cmp 13650 Daily time frame Elliot wave study. Index is trading in (V) of wave 5 of motive phase. as per mega phone structure, resistance confluence around the maturity area of wave 5. AS per RSI and MACD index is over bought and any time this move can come to pause. Bulls should be cautious going further in auto stocks. once wave 5 matures and we...
Hello Friends, Here we have shared possible Elliott wave counts on 4 hourly chart of COPPER, in which we can say that still selling pressure may continue for some while, because now possibly we are in complex correction phase as wave ((w))-((x))-((y)), in which we had completed ((w))-((x)) and now possibly we are unfolding wave ((y)) in which subdivisions are...
Hello Friends, Here we had shared possible Elliott wave counts of BTCUSD-BITCOIN on 4 hourly chart, in which we can see post bottom formation in November 2022, bitcoin had started motive journey towards north direction as a fresh impulse wave. In which we had completed wave (1) & (2) and now we are unfolding wave (3), in wave (3) we had completed wave 1 & now...
After making approx 23.6% correction of probable 3rd Wave, BN is rising higher at 43533 at 12 PM and struggling to go higher. By analysing the wave structure I am in the opinion that BN is probably making bigger ABC correction and may make a downmove upto 42450 level or somewhere at support point. Then after it may form 5th Wave move higher. If youy're agree with...
Nifty spot cmp 18333 Elliot wave study Time frame :- 60 mins Index is trading in wave (V) of 5 the wave as per plot is mentioned in the chart. But this can also Turn out to be A-B-C-D-E of wave 4. So till the apex line of triangle is not taken out this would be confusion. Divergence on RSI is the one tool which indicate that this should be wave 5. Price action...
bankniftyfuture yesterday bull bear had strong fight near 43300 as the POC (power of control) & golden fib ratio both coincide at same level and at the close bulls overpowered and slightly succeeded to close just above poc & golden fib ratio.. bullish flag pattern formation going on... ankniftyfuture strong support of poc (power of control) and golden fib...
DLF short term bull view can go up in wave c of minute wave B, please consider it is still in correction as per bigger timeframe.
BPCL has completed triangle in wave 4 of long term so wave 5 can reach 1400 in next 4-5 years.