Get started

Elliotwaveanalysis

#NIFTY heading down in Wave C to complete correctionNifty's rally from Mar '20 topped out on 18/Oct/21 at 18594 (near month futures contract) - almost a year ago. Since then we can clearly see a sideways move that has gone within the earlier range for almost a year. One can see the subdivisions tracing out a complex W-X-Y correction. The upmove from 15676 starting early Mar this year topped out last month at 18123 completing the intervening X wave. The down-up move since 12/Sep/22 subdivides as 5 waves down followed by a 3 wave upside correction. This is now setup for a resumption of the down move in Wave 3 - should be surprisingly fast and deep when it comes , heading to the 13300 - 15100 region. The view stands as long as the the recent high of 18123 is not broken on the upside
NSE:NIFTY1!Short
by SolomonsView
22
NSE Bajaj Finserv - Can buyers face falling knives? Timeframe: 8h Price started to form impulsive wave C after Bajaj Finserv completed correction wave B. There is also the possibility of altering the count with W-X-Y. Wave (b) retraced 50% of wave (a), which signals intense supply pressure. If the price breaks wave (a) at 1621, traders can sell for the following targets: 1594 – 1569 – 1549 . Calculations are based on Fibonacci extensions. Price has completed 100% Fibonacci extension in wave A so that wave C could extend by 161.8% . Currently, the price has broken down to 50 EMA , and a negative closing will result in further price declines. Parallel channel throw-over is one of Elliott wave principle’s best target measurement tools. Targets will be extended in case of an extension of the trend. I will update further information soon.
NSE:BAJAJFINSV
by forextidings
5
US Dollar Index - are we ready for new all time high ?US Dollar index has recently completed his fall of wave 4 inside the bigger degree wave 3, and now possibly wave 5 has been started of bigger degree wave 3, Inside 5 it has completed wave 1 and wave 2 of 5, and possibly started to unfold smaller degree wave 1 of 3 of 5, now should retrace as wave 2 of 3 of 5, it would be a buying opportunity with invalidation level of 111.9040, One can go long in dip of wave 2, or can go long on breakout above wave 1's high, in both scenarios stop loss could be same as invalidation level 111.9040, which is nothing but low of wave 1, because as per waves principle wave 2 will never retraces 100% of wave 1.In 1 hour time frame RK's Mass psychological cloud is suggesting to go long only, Because it's above cloud, so don't go short. possible wave counts on 1 hourly chart possible wave counts on 4 hourly chart possible wave counts on Daily chart RK's Mass Psychological cloud in 4 hour RK's Mass Psychological cloud in 1 hour 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.
CAPITALCOM:DXYLong
by RK_Chaarts
1
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. 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.
NLong
by RK_Chaarts
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.
NSE:NIFTYLong
by Wolf-AD7
61
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.
NLong
by RK_Chaarts
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.
NSE:NAUKRIShort
by RK_Chaarts
1