Hello Friends, Here we had analyzed the chart of the stock Apollo Hospitals which is convincing bearish bias aligned with price action breaking down trendline along with good intensity of volumes on daily time frame, supporting same view by trend indicators like macd, rsi, bollinger bands, dmi adx and Elliot waves. As per Elliot wave structure it is clearly in...
Elliot wave corrective mode to get over soon. Chart is self explanatory, only Elliot wave analysis and no indicators used. This chart is for educational purpose. Traders who use Elliott wave theory often look for the completion of wave c as a potential entry point for a trade in the direction of the larger trend. However, it's important to note that Elliott...
Attached: SGXNIFTY Daily Live Market Chart as of 24th March 2023 (post 12:00 AM) I am sharing this to bring to your attention the following points: 1. Price is currently consolidating below a Cluster of Anchored VWAPs (labelled on the chart). These same AVWAPs have acted as support in the past, see from where Price had rallied off in Oct 2022 for example 2....
Hello Friends, here we had shared analysis of stock from metal sector stock named SAIL, in which we had checked multi parameters which are aligned in same bearish bias as in current scenario. As per Elliot wave counts we are in complex correction or we can say double threes or double zigzag correction which we had labled as ABC as a (W) then (X) and again ABC as...
Hello Friends, here we had shared possible Elliot wave counts of NaturalGas on weekly time frame to daily, 4hourly and hourly time frames which seems aligned with each other, so the conviction increases. Well, on weekly time frame it seems that post impulse move, currently we are unfolding correction which is already at werge of completion, after A,B we are now in...
ZEEL Buy Setup Attached: Daily Price Chart as of 29th March 2023 - Price has put in a 5 Wave Rise and also done a 0.382 Fib Retracement post that - On Wednesday on the back of the Zee Indusind Bank News piece, Buyers stepped in - A 3rd Wave appears to be playing out now on the Upside📈 Current Market Price= 216 Upside Targets🎯: T1= 227 T2= 239 T3= 248 T4=...
Nifty in this chart share Possibilities look like corrective move 17180 - 17200 correction expected and A move end start B move Time wise or Price wise Or Upmove end We can see good correction break 16800
Hello friends, here we had shared BTCUSD Bitcoin chart with possible Elliot wave counts on daily, 4 hourly and on hourly chart which seems aligned with each other, so the conviction increases. Well, on daily time frame it seems that post correction we are unfolding wave 1 of some degree, in which we had already done wave 1-2-3-4 of one lower degree, and now...
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 ...
Hello Traders! 1. This analysis is mixed with various concepts; Elliot Waves, Volume, and Parabolic Movements. Hence the name 'Southall'. 2. The count is clearly stated on the chart. We're following almost the same pattern as we expect in BTC . 3. We see significant volume spikes in the selling zones and less volume in the buying zones. This also...
I have been mentioning about the iminent sell off in the IT sector in the last few posts. Technically Elliot wave 5 has started in IT stocks. The bull run in the last 2 or 3 weeks has created enough liquidity for institutions to sell their IT stock holdings. Shorting LTTS for a target of 2800.
Wave c is making almost 100% of wave a if it is an a-b-c correction. In that case, we may see a deeper correction to 39000 (61.8% of a-b-c) But if the bank nifty is making an impulsive move (1-2-3-4-5) then we may halt at 39850 (good support) or slightly below at 39800. Either way, a correction is evident. That's why I bought a 39500 pe yesterday. Let's see what...
Hello Traders! 1. We see a clear 5-wave impulsive move forming a leading/ending diagonal. 2. It could be Wave 1 or Wave A. 3. Targets and stop have been marked on the chart. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
Attached: TITAN Daily Price Chart as of 22nd March 2023 Price has triggered a SELL Signal today on account of the following reasons: 1) Hidden Bearish RSI Divergence as RSI puts in a Higher High but Price puts in a Lower High 2) Price has come back to Retest a Prior Support Zone which now can act as Resistance 3) Dow Theory Structure of Lower Highs and Lower...
Here is the Elliott wave analysis of BNF on 1 Hr TF, the following are the inferences. 1. Major correction in C wave going on on higher degree. 2. Internally, subordinate waves form the XABC pattern. 3. Potential Projection/Targets of C wave marked as fib retracements. Views are personal, only for educational purposes! Please don't treat this as trading advice.
Here is the Elliott wave analysis of SBI on 1 Hr Tf, the following are the inferences. 1. Security is in the downtrend. 2. Wave C is getting completed, major correction is going on. 3. Wave C is generally impulsive in nature, i.e results in sharp correction either time/price-wise. 4. First target already achieved. 5. 2-3 targets marked with fib projections. It...
Banknifty view for coming days. as per Saturdays closing of SGX nifty it indicates that market is going to open lower for Monday. if it sustain at that level then there is possibility of bank nifty going upward is high.