#banknifty Triangle Formation on the lower time frame, high probability of #banknifty touching the falling trendline, before next move. #learning:- Contracting triangles are the most common type of triangle. When they’re in the fourth wave position, they predict an end to the entire trend with one more wave (fifth wave). Rules (these are “hard” rules; they...
This stock has completed wave 1 of higher degree wave cycle and now definitely we are in correction as wave 2 of same higher degree wave cycle, in which we are unfolding wave A of one degree lower wave cycle, in which possibly we are in wave iii or wave c of one more lower degree, that means possibly we are in wave iii or c of one higher degree wave A of one more...
In Elliott Wave this is referred to as Running Triangle whose final E leg pending. E could finish near 41400-350 zones in next session then break above 41680 will trigger rally minimum up to 42400. Analysis will be invalid if breaks 41250 DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels...
Disclaimer. I am not SEBI registered analyst. My studies are for educational purposes only. Please Consult your financial advisor before trading or investing. I am not responsible for any kind of your profits and your losses.
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...
This stock has shown almost aligned wave counts from weekly to daily and from daily to hourly and right now its in correction area of some lower degree wave counts macd on hourly chart momentum negative cross done on hourly Price under and below RK's stopline in daily Price made neutral candle under and below 20DMA in daily Most investors treat...
Nifty right now side waves .. first clear direction if upside move am expecting beak 17800 sustain above Ready for 18200 Remember my point wave path till not clear . trend positive 17800 above Only for educational purpose for my side
Its explained in the chart we could reach atleast 17350 (if not more on the downside) If the 4 point resistance trendline is not breached on the upside . Longs need to be careful .
This stock has given good breakout on daily time frame along with positive divergence in RSI along with macd positive crossover. Also possible Elliott wave counts are suggesting same bias, one can go long with strict stop loss of swing low of 289.90 Overall chart along with possible Elliot wave counts macd positive rsi breakout and rsi positive divergence ...
BTC started it's upside from red wave C 1.236 projection level then started impulse movement although wave 1 was a leading diagonal triangle that's why I got the confirmation for wave 3 targets after wave 1st internal 5th crossed by straight move including multiple green candles rather than one or two big green candles. As we can see wave 3 extended to 2nd target...
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...
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...
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 ...
Reliance has a impulse on downside which can drag Nifty marked Elliott Wave Counts which indicates we have started Wave 3 on downside.
Reliance trend line break or impulsive rise positive for reliance
Nifty expecting sharp rally upside as reaction C Wave for target 18350-18500
Profits should be booked . As it has almost completed 5 waves . More buying can be done when it goes beyond the levels shown in the chart . Regards
Sell JswSteel Elliot Wave Pattern chart pattern elliot wave corrective wave NSE:JSWSTEEL