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Elliotwaveanalysis

MFSL Breakout BUY!MFSL LONG SETUP Attached: Daily Chart as of 21st June 2023 - Price has activated an Inverted Head & Shoulders/ Cup & Handle/ Bull Flag Breakout today on the back of High Volumes (Price Volume Pattern BO) - Laggard from Insurance is finally joining in the Sectoral Rally (Sector Tailwinds) - The previous Dip halted at 0.382, ABC corrective (Wave 3 or Wave C upside pending) - Daily RSI crossed above 70 today - Daily MACD gave a Buy Signal today Upside Target= 785/ 807🎯📈 Stop Loss= Today's Low (< 710)
NSE:MFSLLong
by T_Harth
BANK NIFTY... BULL RUN??Today we witnessed a bear run resulting in a big red candle in bank nifty. In smaller time frames one can notice the day's low was above yesterday's low level. The last two day's price action can be fit into waves 1 & 2 of the next up trending wave. In that case, we can expect a gap-up/positive opening in our markets (SGX is minus 50 points right now) and a continuous up move towards 44170, 44320 & 44560 levels. In this set up my stop loss will be below yesterday's low. (If the market behaves negatively in the first 15 minutes tomorrow then today's fall may be downward wave 1 in Elliot waves and massive wave 3 on the downside can be witnessed. In my view, this fall is less likely and I have a strong bullish view of our markets) Happy trading... Trade with an appropriate stop-loss.
NSE:BANKNIFTYLong
by Stock-Holmes
Zig Zag corrective pattern and the Case study of Natural GasHello Friends, Here we had shared some major points and characteristics of Zigzag Correction pattern of Elliott waves. Also we had shared real example chart study of zigzag pattern as a case study of NaturalGas, in which their are some principles and guidelines, which are perfectly going through in chart of NaturalGas. Principles and Guidelines of Zigzag correction pattern 1) Zigzag correction pattern is a 3 waves structure which is labelled as A-B-C 3) Subdivision of wave A and C is 5 waves, either impulse or diagonal 4) Wave B can be any corrective structure as 3 subdivisions 5) Zigzag is a 5-3-5 correction structure Fibonacci measurements Wave B is always contra trend which generally retraces near 50% or 61.8% of wave A, and can also retraces up to 85.4% to 90% of wave A Wave C can generally be expected near 100% of wave A, but sometimes if it is extended then it can show 123.6%, 138.2% or up to 161.8% also. Sometimes if wave C is truncated then it can be near 61.8% of wave A. But ,If wave C is going more than 161.8% of wave A, then we should be cautious, because it can also be some kind of impulse wave instead of corrective wave. Case Study of Natural Gas Natural Gas almost done as expected till now as per zigzag corrective pattern, it would not be wonder if it looks to be doing a double correction higher in wave (ii) bounce & can see 2.786 level sometimes in next week before turning down as a wave (iii) of 5 of (C), On lower time frame if it doesn't crosses high of March 2023, then it can show some down moves to complete wave (iii), (iv) and (v) of 5 of bigger degree wave (C). After big correction as zigzag pattern which had already reached extreme levels in wave (C) which is more then 123.6% of wave (A), so now anytime it can start fresh impulse moves towards north directions, so instead of finding selling opportunities, one should try to find buying opportunities only after confirmation, and confirmation is price crossing high of march 2023, once its crossed peak point of march 2023 then no selling is recommended, then its only buy on dips with invalidation levels of Low of April 2023 as a stoploss, because it must be ending the bigger correction from last year peak, and can be taken as fresh impulse is started. 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.
NEducation
by RK_Chaarts
4
#Nifty Hourly Latest viewNifty after bottoming out in March end has been in clear uptrend with some minor pullbacks in between. It is currently travelling in a parallel channel with a important support placed around 18190 which in last session acted as channel bottom trendline support as well as was May series avwap level. Nifty bounced by more than 100+ points from that support. In terms of wave marking as far as my understanding goes we may be possibility in (iii) of 5 and above 18360 we may see a momentum towards 18450 to 550 as per fibo projections. From RSI side, yes there is a negative divergence (RSI is making HL) visible which is being talked about but at the same time RSI has not made a LL. Same thing happened during larger wave 4, when Nifty 17850 to 17550 and eventually broke out upside. This probably indicates that buying is emerging from lower levels and dips are being bought. Depending upon How we see opening on Monday, as long as 18190 is safe, #Nifty may continue to move its upward journey. Short term bullish structure / Invalidation level as I feel is only below 18030, or round number as 18K The upside projection can be as marked on the charts as long as price continues to follow the channel and marked important levels. Previous Nifty analysis are linked in related idea section
NSE:NIFTYLong
by aktradelearning
SRF Ltd. Possible Elliott wave counts, looks corrective phaseHello Friends, Here we had shared possible wave counts of SRF Ltd. which is clearly showing corrective phase in current scenarios, After completing impulse move as 1-2-3-4-5 now we are in correction, which is unfolding as A-B-C as a zigzag correction pattern, which should unfold in 5-3-5 subdivisions, and already we had finished wave A and B, now possibly we are unfolding wave C which should come as in five subdivisions as a 1-2-3-4-5, in which we had finished 1-2 and now possibly we are in 3 of C, Overall, as per Elliott wave structure, bias are bearish in this stock, with Invalidation level of price crossing above 2636. which may give good lower levels in upcoming weeks. Still there is a support area shared and discussed in this video post which is horizontal support zone, once its broken then for bears, but it can provide support also, so be cautious, Some significant snap shots are shared below, please go throughout once. 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. MACD Negative crossover in Daily time frame MACD in weekly making lower high and now in down tick position MACD in monthly already running Negative RSI on daily down tick and broken trendline support RSI on weekly breakdown as head n shoulder pattern and also broken support trendline Price closed below 20DMA and also challenging lower Bollinger band on daily 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.
NSE:SRFShort
by RK_Chaarts
10
Bitcoin analyzing Elliot wave counts, Buy on Dips or on BreakoutHello Friends, Here we had shared possible Elliott wave counts on 4 hourly chart of BTCUSD BITCOIN, which clearly indicates that we are in some kind of impulse wave, where we can get fresh opportunity to go long very soon, but, how and where, at which level, every thing is explained in this video post, so please go through out this video. 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💕 snap shot of possible Elliott wave counts 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.
BITSTAMP:BTCUSDLong
by RK_Chaarts
7
MAINFRA trade set based on possible Elliott wave countsHello Friends, Here we have shared possible trade setup in MARUTI INFRASTRUCTURE LTD. based on possible Elliott wave counts, One can go long above 118 or below 109, with invalidation level of 99.45 for Targets of 126.75 and 140++ 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. Some significant snapshots are shared below, please go throughout. Thanks RK💕 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 and Risk Warning. The analysis and discussion provided on in.tradingview.com 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.
BSE:MAINFRALong
by RK_Chaarts
2
Apollo Hospitals possible Elliot wave countsHello Friends, Here we had shared possible Elliott wave counts of Apollo Hospitals, in which price has given breakout along with good intensity of volumes in daily time frame, as per Elliott wave structure, chart says that either we are in impulse or in correction, in both scenarios we have to go towards north direction first then whatever may be, as per Elliott wave structure, if we are in impulse then we should have to unfold it as wave (1)-(2)-(3)-(4)-(5) in which we already had completed wave (1) and (2) and currently we are unfolding wave (3), and in other scenario, means if we are in correction phase, then we should have to unfold it as wave (A)-(B)-(C) in which we had completed wave (A) and (B), and currently we are unfolding wave (C), So whatever scenario it may be, at least we are first going towards (3) or (C). In this study whatever major trend may be ahead, at least we can enjoy this little upward bull run as a wave (C) or wave (3) Now in wave (C) or (3) we have completed wave 1 and 2 and currently we are unfolding wave 3, also in wave 3 we have completed wave (i) and (ii) and currently we are unfolding wave (iii). Overall, we are in (iii) of 3 of (C) or (3). 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. Some significant snapshots are shared below, please go throughout. Thanks RK💕 Price has given Breakout along with good intensity of volume and RK's Magical cloud suggests same bullish bias in daily Price above daily upper band Price above weekly upper band MACD in daily positive MACD in weekly positive along with breakout in histogram RSI positive above 60+ in daily DMI ADX positive in daily DMI ADX positive in weekly 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 and Risk Warning. The analysis and discussion provided on in.tradingview.com 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.
NSE:APOLLOHOSPLong
by RK_Chaarts
2
EXPANDED / IRREGULAR FLAT CORRECTIONHello Friends, Here we had shared some major points and characteristics of Expanded Flat Correction also known as Irregular Flat Correction in Elliott waves. Principles of Irregular / Expanded Flat correction pattern 1) 3 waves corrective pattern which is labelled as A-B-C 2) Subdivision of wave A and B are in 3-3 waves 3) Subdivision of wave C is in 5 waves 4) Wave B of the 3-3-5 pattern completes beyond the starting level of wave A 5) Wave C completes beyond the ending level of wave A Fibonacci measurements Wave B is always 123.6% to 138.2% of measurement of wave A Wave C completes at least 123.6% to 161.8% of wave A which starts from end of wave B 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💕 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 and Risk Warning. The analysis and discussion provided on in.tradingview.com 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.
NSE:ABFRLEducation
by RK_Chaarts
10
SOMICONVEYOR Elliott wave counts along with cup n handle Hello Friends, Here we had shared possible Elliott wave counts on SOMI CONVEYOR BELT in which wave structure is clearly indicating impulse up move ahead, along with cup and handle chart pattern breakout, which is itself a fresh bullish signal. 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...! Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com 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.
NSE:SOMICONVEYLong
by RK_Chaarts