Natural Gas Possible Elliot wave countsNatural Gas, wave 2 of some lower degree is possible completed now, and now at same degree wave 3 may unfold next, with invalidation level of wave 1's low, which is pegged at $ 6.426
If it breaks low of wave 1 ($ 6.426) then it may be invalidate our current bias.
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Elliotwaveanalysis
PC Jewellery - Accumulate SlowlyIts giving a monthly breakout and showing good sign to go up..
One can start accumulating slowly..
Levels on the chart
NIFTY 50 TECHNICAL ANALYSIS ( ELLIOT WAVE ) 02/10/2022NIFTY currently travelling in the 4th wave of the " C " Wave
expecting nifty in buy side till around 17475
from there expecting a huge fall again breaking the previous low
This analysis is just for Educational purposes
Our team is not responsible for any kind of Profits or Losses made
HDFC BANK BUY 1380hdfc bank is good for long, very good risk reward can be taken,.
buy- 1380-1375
stopped- 1344-1340
target1 - 1647
target 2 - 1765.
NIFTY in 3-3-5 Corrective Elliot Wave- Overall Bull Trend IntactNIFTY 50 Analysis based on Elliot Wave Theory
1) 5-April-2022 to 17-June-2022: NIFTY 50 formed a 5-wave bearish impulse wave down from 18,100 to 15,175
2) 19-June-2022 to 13-Sept-2022: NIFTY 50 formed a 5-wave bullish impulse wave up from 15,175 to 18,075
3) 18-Aug-2022 to 13-Sept-2022: Waves (4) and (5) of the 5-wave bullish impulse wave were also the beginning of an A-B-C (3-3-5) corrective wave that often forms after a 5-wave impulse wave. On closer viewing, you will notice that Waves (A) and (B) of such A-B-C corrective wave also form 1-2-3 sub-waves wherein sub-waves 1 and 3 were bearish and wave 2 was bullish, thereby confirming the pattern.
4) 13-Sept-2022 to Present Day: Wave (C) of the A-B-C Corrective Wave has formed an Expanded Flat Pattern, i.e. Wave (C) has extended beyond Wave (A). As per Elliot Wave Theory, Wave (C) usually extends to between 100% to 162% of Wave (A), and most often to around 123%, marked by the 1 and 1.618 Fibonnaci Levels drawn.
5) Projection (29-Sept-2022 onwards, possibly 2-3 weeks): For this theory to be confirmed, it is likely that NIFTY 50 will bounce from the 200-EMA support level of around 16,850 towards the 55-EMA (17,100) or 89-EMA (17,200) forming sub-wave (D) of the (C) wave of the A-B-C Corrective Wave, and then re-test the 200-EMA support forming sub-wave (E) of the (C) wave of the A-B-C Corrective Wave.
6) Conclusion: In this manner, a double-bottom off the 200-EMA would also be formed, before NIFTY continues its overall bullish trend with a re-test (and possibly 6th time lucky) or break above 18,100 levels.
Natural Gas Looking good to go longNatural Gas is looking good to go long as per wave structures suggesting impulse to unfold, with invalidation levels of $ 6.725.
RK's mass psychological cloud is also suggesting positive ahead, along with macd positive support.
Natural gas had given trendline breakout along with good intensity of volumes on hourly chart.
After positive divergence, breakout with good intensity of volume
Overall wave counts
Double positive Divergences
MACD in hourly positive and now above zero line
MACD in 4 hourly positive crossover and uptick.
RSI in hourly above 60.
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.
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.
Naukri Info edge wave counts and much more things.Naukri (info edge)
Friends, please go through details shared below, which are making our bearish bias very strong.
All the key levels are mentioned in chart along with stop loss and Targets.
Possible wave counts on Daily time frame
RK's mass psychological cloud is also suggesting Bearishness ahead.
Bearish divergence in MACD, RSI and STOCHASTIC too.
Currently price below lower band, RSI below 40, MACD negative and below zero line, and finally DMI bearish along with ADX bearish power up.
Breakdown with good intensity of Volume on daily chart, also with further follow up in price action.
MACD in daily Negative with Down tick below zero line
MACD in weekly Down tick below zero line
MACD in Monthly Negative with Down
Price closed below 20WMA mid Bollinger band of weekly time frame.
RSI in Daily is below 40.
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.
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.
#BANKNIFTY Short Term Positional View #banknifty 20 DMA placed at 40,183 and -2 Standard Diviation is placed at 38,440, so below 40,182, 38,440 becomes a logical target.
Laxman Rekha for next week is 39,550 (If the price crosses above, don't be short)
The market is expected to take support from 38,541 to 38,790 levels and bounce, 38K doesn't look like to get violated.
This is a knee-jerk before the final upmove near Diwali to offboard all the longs.
TCS LONG FOR INVESTING AT 2900tcs is about to complete its correction at 2800, thats very good for investing in this bluechip stock.
entry- 2900.
stopped- 2600.
target 1- 4423
target 2- 4890.
Banknifty Possible move on 26/9/2022After forming double top on 20th Sep, Bank Nifty on hourly time frame is likely to continue its downward trend till its support region of 38500.
There is also likelihood of it retracing it 40000 levels and then continue it journey downwards.
Rest I think chart is pretty self explanatory.
CIPLA ZIGZAG CORRECTIONcipla is in wave c of zigzag correction, target can be seen towards 1019, one can also trail their position, on purple lines.
Canara Bank SHORTElliot Wave Count:
Fall from Feb 2022 highs is in 3 Wave as ABC which is (W)
Rise is an (X) Wave with Lot of Overlapping, Falling Volumes and a Bearish RSI Divergence
Now Wave (Y) on the Downside is playing out
Downside Targets:
T1= 195
T2= 180
T3= 155
Stop Loss above 241
Shriram Transport Finance (Short Setup)BEARS to Attack SRTRANSFIN!
A Head & Shoulder Top Pattern is visible
+
EW count says 1 of (C) done as the 'v waves' marked
2 of (C) done as rise from 23rd August Low is overlapping
Now 3 of (C) down should start
CMP= 1324
TARGETS:
T1= 1260
T2= 1235
STOP LOSS > 1400
NIFTY 50 TECHNICAL ANALYSIS ( ELLIOT WAVE )23/09/2022expecing a negative opening of market from 60 to 90 points negative
targets are updated.....
expecting a reversal from target 2
this is only for educational purposes only
our team is not responsible for any losses or profits
Srtransfin can go long.NSE:SRTRANSFIN is in wave 5 of larger degree and also in smaller degree. more possibility of going bullish, safe entry after breakout of ending diagonal.
Nifty spot possible wave countsNifty is still looking towards south to complete very short term correction.
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.
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.
NIFTY 50 TECHNICAL ANALYSIS ( ELLIOT WAVE )21/09/2022Nifty is currently travelling in wave 3 of c wave..
expecting a gapdown tomorrow
targets mentioned in the charts
after the target nifty will retrace a bit and it continues to fall further expecting till 17400
be carefull in 17400 region
this analysis is just for educational purposes
our team is not responsible for any profits and losses
XAUUSD GOLD Looks like we are playing in complex correction . 1680 will be the good entry for sell stop loss 1695
Target 1656 and 1639 .
5 th wave running as per Elliott wave
Crude Oil USOIL Elliott wave countsAs per Elliott wave structure and along with running trend sequence USOIL Crude oil is looking sell now or on rise (if any) with invalidation level of $ 90.17
Also RK's mass psychological cloud is suggesting to go short
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.
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.
#BANKNIFTY Short Term Positional View If Index Breaks this range (39,773 - 40,205), we will be heading much lower.
Regards,
Subhag.
#BANKNIFTY completes an ending diagonal and can head southBanknifty's upmove from mid Jul (from ~ 32400) has been impulsive - either a wave 1 of a new bull market or wave C of X of an ongoing correction ( heading to 30000-32000 region)
Whichever the case, the immediate direction is down if todays high of 40753 is intact.
The ending diagonal is clear and should soon resolve to the downside. Expect an initial target move into the 38420 area. The structure of this downmove should indicate to us the next course of action. For now - look for new lows if today's high holds.
Nifty should follow same direction
