Natural gas has completed the impulsive cycle at 801 and started collapsing to form the corrective process. In this corrective cycle, the price has accomplished the corrective wave B and started constructing wave C of normal zigzag correction. There are two reversal points for natural gas: 1) Wave C can occur near wave (4) 2) wave C can accomplish its...
Hello traders! 1. We see a 5-wave descent of US30 market. This is the beginning of the downtrend that has been expected since our first analysis on 9th January . Ideas attached. 2. The invalidation level is very far. If someone hasn't taken the initial trade on 16th January, best wait for a trade with a better risk reward. Those already in this trade since...
Ramco cement looks like going up for short span. but still in correction
Hello Traders! We recently saw the market analysis of Nifty50 using Elliot wave theory. Elliot wave theory can be very accurate when it comes to the market. You can get the analysis wrong, but if you apply the theory correctly, it can help you in more ways than one . 1. As we see on the chart, Wave 1 and Wave 3 were completed in 62 days each . This is not...
The IT sector had a wonderful bull run post-Covid giving 250% returns and the sector has been correcting ever since January 2021. As per Elliot wave analysis, the sector probably has started the 5th corrective wave. This wave is likely to end by March-April. A good time to invest in this sector will be before the next quarter's results.
NSE:TATASTEEL Breaking out in 3rd wave. A larger degree wave 3 can take the stock many fold in next 4-5 years. Only if you believe in magic of Wave Principle.
Hello traders! I came up with this trading idea on January 2 2023 itself and will be attaching the link for the same as well. I was just waiting for the market to give us a better picture. As you can see on the chart, various guidelines point out the yellow zone to be a strong selling point with target levels at Wave 4 end(50% fib). We just have to wait for some...
Hello traders! 1. I see a clear 5 wave impulsive structure and then a correction to 88.6% Fib . This is important as most 2nd waves tend to move till 78.6% to 88.6% Fib. 2. We also have a confirmation of a double top candle pattern in 30min tf. 3. The expected target can reach 161% of wave 1 and 2 after using trend based Fib extension. This is because most...
As per Elliott wave B is formed & now it market is going for wave C first target till 100% level expecting it to go down by end of January
HGS with a good fundamental we can expect a good bull run in upcoming days. still there may be an slight correction pending. It may or may not take place.
On the daily TF, I see a complex correction in the form of WXY. According to guidelines, the expected target of a C wave is 161.8% of A wave of an expanded flat. The same expanded flat is expected in the Y wave. That sets the target of C wave at 25500 which also happens to be 61.8% of the prior bull wave. We do still have to wait for confirmation of the wave 2...
#banknifty :- Weekly view (Week starting 9th Jan'23) Looks like the complex correction in the 4th wave is in progress, last 2 days of fall were an impulse, which will be followed by the ABC correction, which gives a target of 42,928 on the upside. Regards, SG
Disclaimer There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Wishing You All A Happy & Prosperous New Year 2023 !!! Short Video on Bank Nifty - The last move or idea for year 2022. Last Price - 43115 Trading Strategy Plan A - Important Support Zone 42900-43000 Index taking support...
DXY has a 5 wave decline on Weekly charts & Wave 5 have formed a ending diagonal today's push could mean end of Wave A so now a 3 wave or 7 wave pullback can take us back to 110 levels confirmation will be Weekly close above 105.35 (40 WEMA Red Line) & this bounce in $ should see some selloff in Commodity & Equity.
USDINR possible and aligned Elliott wave structure of multi time frames from monthly to hourly. Monthly chart Weekly chart Daily chart 4 Hourly chart 1 Hourly 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...
NSE:NIFTY Seem to have completed wave 2 correction. And seem to be ready for Wave 3 advance. Abv 18160 we can see rally to 18400-500
Nifty has either completed Wave Y or wave 3 of Y both the counts have implication for a down move now if we decline in 5 waves or 3 waves next towards 17600-17430 area will decide how should we mark this decline. Nifty should be heading towards retest of larger channel towards 18125 area but as it could be wave 4 of Y we could form a sideways triangle in this...
Wave 1 of C is a clear impulse now wave 2 pullback should be good short trade.