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Elliotwaveanalysis

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.
NSE:NIFTYShort
by RK_Chaarts
13
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.
TVC:USOILShort
by RK_Chaarts
#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
NSE:BANKNIFTY1!Short
by SolomonsView
US oil - Crude oil Elliot wave countAs per wave structure wave 1 and wave 2 of bigger degree has been completed and now, possibly we are unfolding smaller degree wave 1 of bigger degree wave 3. It has given breakout with good intensity of volumes on hourly chart. Well, Overall crude oil is looking good to go long at these levels with stop loss of $ 85.70, for Targets of $ 90, 92, 93.70, 97.86, 100.71, and up to 105. Breakout with good intensity of volume MACD already positive and uptick and also above zero line on hourly time frame MACD uptick and now positive crossing on daily time frame RSI uptick on hourly time frame RK's mass psychological cloud suggesting to Buy now or Buy on Dips (if any) 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.
TVC:USOILLong
by RK_Chaarts
7
GOLD trend now sell then buy as per Elliott wave counts Gold is near to complete correction very soon but only after making new lows as per Elliott wave counts which are suggesting to go short now, on completion of wave 4 it can be an opportunity to buy at lower prices to ride possible start of wave 5 can make fresh impulsive moves of some lower degrees. Right now it is in sell mode only, and can slide south towards $ 1650 and below. possible wave counts on weekly time frame macd in weekly is negative possible wave counts on daily time frame macd in daily is negative possible wave counts on 4 hourly time frame MACD in 4 hourly is positive but till below zero line possible wave counts on hourly time frame MACD in hourly down tick and can cross negative soon 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.
GShort
by RK_Chaarts
Silver Elliott wave countsSilver possible wave counts are still suggesting not to go long at these levels, this may correct more, be cautious. Possible Elliot wave counts on weekly time frame macd in weekly is negative Possible Elliot wave counts on daily time frame macd in daily Negative Possible Elliot wave counts on 4 hourly time frame macd in 4 hourly is still below zero line Possible Elliot wave counts on hourly time frame macd in hourly negative crossover 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.
TVC:SILVERShort
by RK_Chaarts
Elliott wave theory on Nifty50 (SHORT)In 15 min time frame nifty may be completed 5 wave structure for the correction of C wave (violet color). As per my analysis NSE:NIFTY may form zig-zag structure. So, it is time to be alert before any buy or CE trade. Structure looks like still bearish. Important levels are marked on chart with comments as per my analysis. Please check carefully. May be right or wrong let's see. Disclaimer- I am not SEBI registered analyst, all post for educational purposes, no claim rights reserved, please take advice from your financial advisor before Investing any trade, we are not responsible for any profit or loss.
NSE:NIFTYShort
by PRAFULSINGH
Nifty Yet to Finish Correction?Marked are waves from Covid low towards top as 5 wave impulse structure. Price from Covid low crossed 0.236 by good margin so next is 0.382 Fibonacci near 14300 While making low of 15183 price got thrown below channel the balance has set when price made high 17992 and was thrown above channel. Wave II of larger degree is currently in progress from 18605 and it is mostly likely is unfolding as more complex correction. If its really is wave 2 then it usually retrace towards previous wave 4 which is near 14300!! The more non-violent case can be small low near 15183 may be 15000 :) Nifty failed to break swing 18115 and dropped sharp from 17992 in straight line and pulled back slowly upto 17726 refer 1 hr chart for dominant trend. Confirmation 1: Break below 17345 Swing Confirmation 2: Fall crosses 1.618 Fibonacci If crosses 1.618 levels in above chart then it can be considered larger fall in progress Caution: Everyone has different perspective to look at markets, Just like all five fingers of hand can't be of same length so is the view of market participant. Only give it educational angle to this analysis never take financial decision someone else analysis do your own Only doubts will be answered any needless/baseless comments will not be entertained. DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:NIFTYShort
by Niftydirection
3
Bank Nifty seems to be consolidating in a wave 4 triangleBank Nifty Future seems to be consolidating in wave 4 of a triangle after the high of 39794 made on August 19. It looks like wave (A) have completed at 37991 on August 23 and wave (B) has either completed at 39490 on August 25 or is still in progress. 39400 is 78.6% retracement of fall from the high so that should be a good area for wave (B) to end. Once wave (B) completes, we would see a wave (C), (D) and (E) before the market move to break above 39800. There are 3 main reasons why the current wave looks like a triangle 1. The fall from 39794 is a 3 wave and contained well in a parallel channel. 2. The rise from 37991 is also a 3 wave and contained well in a parallel channel. 3. The kind of volatility we are seeing is typical in a triangle. The view will be invalidated if it goes above 39794 or goes below 37991. If the market keeps moving both sides that will further strengthen the case for a triangular formation. The first alternate count is that current rally is corrective ABC where wave (B) is completed and market is ripe for fall below 38000 in wave (C). The second alternative count, least probable, would be that current rally is impulsive and market has completed wave (1) and we are in wave (2), once it is complete we would break 39794. Probably, this could be a good time for an option seller to sell far strike prices and sit tight.
NSE:BANKNIFTY
by invest_shares
Elliott Wave PatternsTried to capture Elliott Wave Theory Patterns:- Elliott Wave Theory is named after Ralph Nelson Elliott (28 July 1871 – 15 January 1948). 3 Cardinal Rules of the Elliott Wave Theory Rule Number #1: Wave 3 can NEVER be the shortest impulse wave Rule Number #2: Wave 2 can NEVER go beyond the start of Wave 1 Rule Number #3: Wave 4 can NEVER cross in the same price area as Wave 1 Wave 2 will develop into a zigzag, flat, or combination. Wave 2 cannot be a triangle in its entirety Wave 4 will develop into a zigzag, flat, combination, or Triangle. On rare occasions, Wave 5 will not move beyond the pivot of wave 3. This is known as Truncation Ratios:- Ratios for Wave 2 Fibonacci Rule for Wave 2: Wave 2 is always related to Wave 1. Common Ratios for Wave 2: Wave 2 = either 50% of Wave 1 or 62% of Wave 1 Ratios for Wave 3 Wave 3 is related to Wave 1 by one of the following: Wave 3 = either 1.62 x length of Wave 1 or 2.62 x length of Wave 1 or 4.25 x length of Wave 1 The most common multiples are 1.62 and 2.62. However, if the 3rd Wave is an extended wave, then 2.62 and 4.25 ratios are more common. Ratios for Wave 4 Wave 4 is related to Wave 3 by one of the following: Wave 4 = either 24% of Wave 3 or 38% of Wave 3 or 50% of Wave 3 The 24% and 38% are the most common ratios for Wave 4 Ratios for Wave 5 Wave 5 has two different relationships. Both are shown below. If Wave 3 is greater than 1.62 or extended, then Wave 5 ratios are as follows: Wave 5 either = Wave 1 or = 1.62 x Wave 1 or = 2.62 x Wave 1 Wave 5 Extended if Wave 3 is less than 1.62 X Wave One 5 = .62 X Length of 0 to 3 5 = 1 X Length of 0 to 3 5 = 1.62 X Length of 0 to 3 If Wave 3 is less than 1.62, Wave 5 ratios are as follows: When Wave 3 is less than 1.62, the 5th Wave overextends itself. From research, the ratio of Wave 5 will be based on the entire length from the beginning of Wave 1 to the top of Wave 3. Extended Wave 5 = either 0.62 x length (beginning of Wave 1 to top of Wave 3) or = length of (beginning of Wave 1 to top of Wave 3) or = 1.62 x length of (beginning of Wave 1 to top of Wave 3) Regards, SG
NSEIX:NIFTY1!Education
by subhagghosh
29
Elliot Wave Analysis of Nifty 50: 15 min chartThis is further to my analysis on 23rd August, 2022, where I tried to analyse the index on all time frames. The wave (a) was corrected by almost 38.2% to 17626.55 level. The price further went down to 17499.25 making a 3 wave structure and then extended the wave (a) correction to 17726.5 making wave (b) as complex correction w-x-y. Wave (b) seems to be completed at this level which is approx 61.8% correction of wave (a). In last one hour of trading hours, index went down sharply to 17487.45. It seems to be the start of wave (c) which may be expected to go down till 17178.8 that is 38.2% correction of wave iii of one higher order. We can expect the current price movement as wave (c) as long as it doesn't go above end of wave (b) i.e. 17726.5. Note: This is for educational purpose only, do not take it as an investment advise. Consult with your advisor before investing.
NSE:NIFTYShort
by Epic_Elliot
2