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Elliotwaveanalysis

RBLBANK possible Elliott wave countsHello Friends, Here we had shared possible Elliott wave counts of RBLBANK, which is suggesting Bullish bias ahead, and chart itself says everything, some significant snapshots are shared below, you can go throughout. Thanks Elliott wave counts on chart Breakout with good intensity of volumes on daily chart MACD positive crossover in daily chart MACD uptick and near to positive crossover in weekly chart RSI uptick and above 60+ in daily chart Price above upper bands in daily RK's Mass psychological cloud suggesting bullish bias DMI ADX i positive in daily 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/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:RBLBANKLong
by RK_Chaarts
What is Happening in Banknifty?BN has recently broken out it's life-time high and went higher at around 44500 by making a minor wave of last 5th wave. And, now it is correcting and reached almost 61.8% of its correction. I would expect it to recover from this zone. Or if it can't hold this level, it can go further down and bounch back from 70.7% fib level and the trendline.(very likely) Anytime BN can start it's minor 3rd wave of major 5th wave. So, stay tunned to see facinating move up above 44000 level. What would you feel? Is it go up or down further?
NSE:BANKNIFTYLong
by kaushikwbslg
MRF possible Elliott wave countsHello Friends, Here we had shared possible Elliott wave counts of MRF chart, in which we can say that currently we are near to make one more top as a wave 5, so any dip could be used as an opportunity to go long with strict invalidation level of 95164, which is stoploss level of current view. Thanks 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:MRFLong
by RK_Chaarts
BankNifty is going higher.What will be it's next move?BN is rising higher after making yesterday's low of 43390 which was probably a A-B-C correction of 3rd wave move forming the end of 4th wave. Though it's not corrected as I expected for 43000 level (approx 23.6% of normal correction of 3rd wave), it has actually corrected as per wave theory where C=A and B went near about top of A. So, it's correction has completed and we would expect it to cross it's life-time high of 44152 in coming days, may be start of next week. Thank you for viewing my analysis and agreed with me. Market is frequently changing its move and wave structure. Market is supreme and so we need to change our view frequently.
NSE:BANKNIFTYLong
by kaushikwbslg
VEDL:Trend Continuation + Elliott (ABCDE) Correction Triangle.NSE:VEDL Vedanta Ltd. has been in a consolidation zone for more than 2.5 months after a bearish trend and there is also 5 waves correction triangle is forming. Some more confirmation is mentioned below:- 1. The price will face resistance of the 200 EMA zone. 2. The volume is not supporting the Up movement the volume is declining and the price is increasing this is a sign of weakness in the up move. 3. Previous bear trend + consolidation triangle most likely a second leg down to the down. Multiple resistance on the upside gets a better chance to short instead of going long. :-Entry should be based on some reversal candle on the respected chart of 4 hour and break of that signal candle. :-Stop loss should be above some points of a resistance Zone. I hope you like the idea. please like and comment with your views on this idea. Keep learning, Happy trading. Thank you for reading.
NSE:VEDLShort
by SANJAYPATIDAR_
8
Banknifty became Bearish. What will be it's next move?Today BN looks like became bearish as it failed to cross it's life-time high. Instead going up it started coming down. Whole wave structure has changed. It looks 44152 could be an end point of 3rd wave (300% of wave 1 ) This is normal for a 3rd wave. It is probably making a flat correction as B went to nearly start of A and now third leg that is C would at least come down equal to A Now we could expect a short-term bearish view where C wave may first drift down to 43480 and if BN fails to take support here then to 4350 lvel. I would expect BN to come down to 43000 level which is 23.6% correction of 3rd wave. So trading on long side could be disappointing play. I would see it a NO TRADE zone and let it settle down. In a bullish market shorting could not be wise play. I now realized of why 43740 was not the end point of 3rd wave (278.6% of wave 1) as BN was not made a fast C wave. Please express your view and leave a comment.
NSE:BANKNIFTYShort
by kaushikwbslg
nifty corrective wave "b" up on... immediate hurdle 18422#nifty hourly chart.. broken down the channel ..1st sign of weakness... abc correction on... of which wave b up on.. immediate hurdle near 18422 (astro level) and psychological level 18500 would be resistance zone corrective waves are time consuming.. now one should be cautious at higher level as after wave b up... sharp wave c down may start... one should wait patiently and take short position only if selling pressure is visible.
NSE:NIFTYShort
by MDstockmagic
2
TPL PLASTECH LTD. Looking hot all parameters to go longHello Friends, Here we had shared possible Elliott wave counts on chart of TPL Plastech ltd. which is showing currently we are in impulse wave, we have completed wave (1) and wave (2) of some degree, & now possibly we are unfolding wave (3), in which we had completed wave 1 and 2 and possibly now we are unfolding wave 3 and again in which we had completed wave (i) and wave (ii) and now we are unfolding wave (iii) of wave 3 of wave (3). Overall, chart pattern is also supporting bullish bias, cup n handle chart pattern yet to breakout, and lots of other parameters supporting same bias are shared below as a snapshots. 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. Thanks Cup n Handle chart pattern Overall, Elliott wave structure Trendline breakout along with good intensity of volume Price challenging upper Bollinger band. Price trading above 50DEMA, 100DEMA and 200DEMA MACD positive in daily time frame MACD positive in weekly RSI in daily RSI double breakout in weekly DMI ADX positive strength in daily DMI ADX positive strength in weekly 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:TPLPLASTEHLong
by RK_Chaarts
4
Next Most Probable Move of BankNiftyLast Friday we saw a smart recovery of BN from it's Trendline support perhaps making it's minor 5th wave moveup.Most probably we could see a gap-up opening above it's lifetime high of 44152 by breaking it's major resistance(trendline & LT high) and if it happens then could see it upto its upper channel or 44475 around. In case BN fails to break its LT high or trendline, we may see another downmove(less possibility) Let's see what will happen tomorrow. Please feel free to leave comments.
NSE:BANKNIFTYLong
by kaushikwbslg