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Elliotwaveanalysis

The Elliot wave pattern continues? Yes or No? Lets watchin 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 Day candle. Previously ( Highlighted in Orange circle ) it was tested at 20400 levels and you can see a bullish pump in BTC. are we going to face the same? well, i have feeling that Yes. but there are few conditions; 1) If we see the same pump as per previous time from the 100 MA support line, We are good and BTC can test the levels of 33K to 35K . Its a very strong resistance in terms of volume, as per my VRVP indicator. 2) If we see more downtrend, BTC going to test levels of 23K to 25K . from there we can see a pump in BTC to levels of 30K to 33K . Now, i was following my previous analysis, i have taken Short Position from 30200 levels and closed at 27500. Good Profit. BINANCE:BTCUSDT 😃😝. again, i have taken short position from 28700 and closed at 26200.🤩 Please dont forget to add stoploss in any of your trad. Have a safe trading!!!
by Mr_Mainra
GOLD Possible Elliott wave countsHere 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 hobby, hobbies don't pay, they cost you...! Disclaimer. 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.
GLong
by RK_Chaarts
SILVER possible Elliott wave sountsHello 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 a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. 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.
TVC:SILVERLong
by RK_Chaarts
3
KOTAK bank chart studyKOtak 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 to price. Counter have given good run up from 1650 levels to 1974 now time to retrace, can give retracement of 38 to 50% of last swing. Keep watch,
NSE:KOTAKBANK
by RUDRA007
3
RELIANCE chart studyReliance 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 , corrective phase might unfold which would lead counter to much lower levels, Bearish divergence on RSI and MACD with respect to price, indicate weakness in trend ahead. Levels of 2495-2520 would act as strong resistance. Counter need to cool off to resolve divergence of indicator and also to adjust the wave of elliott. Bulls time to be cautious at current price , wait for good retracement to re enter in this counter. Keep watch.
NSE:RELIANCE
by RUDRA007
1
CNX PSU BANK INDEX chart studyCNX 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 side index might still retrace around 400-600-900 points on lower side. According to this, psu bank might face selling pressure in coming time. at the moment most of the banks are trading around the high levels, it time for bulls to be cautious, till index does not cross above the recent peak. More studies of chart pattern and harmonic will be added to this index in next study. Keep watch,
NSE:CNXPSUBANK
by RUDRA007
CNX FINANCE chart studyCnx 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 recent high is not taken out and sustained. down side index can give good retracement below the low point of wave4. Stocks of financial services might face selling pressure. Time to be cautious...
NSE:CNXFINANCE
by RUDRA007
CNX AUTO chart studyCNX 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 get a reversal confirmation of daily and weekly basis. corrective phase might unfold and sharp retracement can be seen in auto stocks. Keep watch, index is trading at cautious levels.
NSE:CNXAUTO
by RUDRA007
COPPER possible Elliott wave countsHello 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 (a)-(b)-(c) and here also we had completed first two subdivisions as wave (a)-(b) and now we are unfolding wave (c), which can still continue same bearish trend ahead for now some while, where wave (c) would be completed , there wave ((y)) will be done, where wave ((y)) would be done, there wave 2 will be finished and we can say bearishness will be finished with wave 2. wave 2 will not retrace more than 100% of wave 1 so bottom of wave 1 is pegged at $ 3.2410 which should not be crossed as per wave principles, wave (c) can be or may be at equality of wave (a) which level is coming near $ 3.6269, and wave ((y)) can finish near equality with wave ((w)) which level is coming near $ 3.6618. Well, post wave 2 we can assume fresh impulse ahead as wave 3. wave (c) can be or may be at equality of wave (a) which level is coming near $ 3.6269 wave ((y)) can finish near equality with wave ((w)) which level is coming near $ 3.6618. 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...! Disclaimer. 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.
FX:COPPERShort
by RK_Chaarts
BTCUSD possible Elliot wave counts of bitcoinHello 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 possibly we are unfolding wave 2, in which we are having subdivisions as wave (a), (b) & (c), here we are possibly in wave (c) right now, post completion of wave (c) we can assume that our wave 2 should be complete and fresh impulse as a wave 3 should start towards north direction. whereas invalidation level is mentioned on chart at 19569 because wave 2 will never retraces more than 100% of wave 1 as a wave principles. 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...! Disclaimer. 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.
BITSTAMP:BTCUSDLong
by RK_Chaarts
Nifty chart studyNifty 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 and ending diagonal are still not matching with wave 5, but as per time if we get back to back 3-4 bearish candle , it would turn out to be the final wave of motive phase and soon corrective phase might unfold. In both scenario, trend line resistance and RSI divergence would play its role at the moment. Going forward, deciding of wave 4 of corrective phase will be difficult task. so just keep watching. If motive phase is on verge to mature than the landing will be crash landing.
NSE:NIFTY
by RUDRA007
What is the Short-term View of Banknifty as per Elliott Wave?3rd Wave of BN has reversed exactly from 278.6% of wave-1 and made a short cycle A-B-C correction where C has came down to 138.2% (very common) and where the 3rd wave has corrected nearly 23.6% (very very common for an extended wave) of total upmove as 3rd wave approx 4466 points. And if it was a completion of 3rd wave at 43740 we might have completed correction. But there is a reasonable chance that BN may have another downmove towards 42470 area which is major support area.So, we need to have a neutral view and be watchful for its consolidation.
NSE:BANKNIFTY
by kaushikwbslg
Elliott wave possible counts of TVS MotorsHere we had shared video analysis of possible Elliott wave counts on TVS Motors 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 treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. 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.
NSE:TVSMOTOR
by RK_Chaarts
2
Nifty 3 Wave Correction likely aheadNifty could have completed 5 wave impulse up at 18267. If this doesn't get broken then likely 3 wave drop towards 17550-400 zones possible. MACD negative divergence and open bearish gap suggest bearish trend to continue few days. 2nd Chart shows internal count of wave 5. It also shows 0 to 4 trendline about to be broken Next wave 2 of A will pullback Nifty up to 18190 in next 1-2 session From there 18055 break will pull down Nifty to 17700-800 zones to complete A wave. Then there will be B and C wave DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:NIFTYShort
by Niftydirection