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Elliotwaveanalysis

ES emini wave analysis from 3693 lowThis whole rise has from 3693 low (yes, not the actual low at 3639. Refer: wave 5 truncation) has been a 3 wave move so far. Wave 1/A has been a clear 5 wave followed by an extended 3/C wave with the iii of 3 extension. The 3/C wave ended with wave 5 as an ending diagonal. Now, the fall from the absolute high of 4327 has been impulsive so far with a series of 1-2-i-ii. The first target post a completion of 5 waves up is the range of the 4th wave of lower degree. This comes at 4113-4080. This level also coincides with the 0.382 retracement of the entire rise from 3723. Given that the entire move from the top is impulsive, we can expect a minimum of a 5-3-5 correction. After that is done, we can evaluate if it evolves into a further decline, or pushes towards a new high. Summary: Target - 4080. Further decline to be evaluated based on the evolving structure after that. -ansible/entropy
CME_MINI:ES1!Short
by no_aha
BEL Bharat ElectronicsThis stock has given breakout with good intensity of volumes, also RK's mass psychological cloud suggesting upside along with buy signal. Overall wave structure is showing that we are in impulse only, In pandemic situation also this stock has not gone too low, it has been out performer and making higher highs and higher low structure. After completing wave 1-2 now we are in wave 3, and inside wave 3 we had completed (i)-(ii)-(iii)-(iv) and now we are in (v) it looks consolidation in wave ii of (v) has been completed and now possibly we are unfolding wave iii of (v) of bigger degree wave 3. however, iii can unfold at 284 areas. On the way down, the recent swing low can provide a good support to watchout for upcoming days, which is pegged at 223.80. All indicators are also suggesting to go long for ride towards north. Overall wave structure looks like this Breakout on daily chart, with good intensity of volumes RK's mass psychological cloud in buy mode in daily time frame, along with running in buy signal activated, along with breakout. price challenging upper Bollinger band in daily time frame Macd in daily positive and uptick above zero line Macd in weekly uptick above zero line dmi adx in daily time frame both aligned positive RSI breakout on daily chart and now uptick 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.
NSE:BELLong
by RK_Chaarts
4
Bharat ForgeThis stock has given breakout of typical triangle chart pattern on daily chart, along with good intensity of volumes, this triangle pattern is typically seen at the end of complex correction in wave Z. As per wave structure also it is showing same scenario fitting well, overall if it gives up move as a retracement only up to 61.8% of last fall since November 2021, then we can see 751 levels on up side, on the way down 20DMA and RK's stop line are support areas which are currently pegged at 656 and 660 and major stop loss is last swing low of 630 to watch out for upcoming days. breakout with good intensity of volumes Macd histogram breakout, along with macd positive uptick above zero line, on daily chart Macd positive crossover in weekly chart price closing above 20wma price in daily chart trying to create momentum towards north RSI uptick and crossing up 60 in daily chart dmi adx positive strength on daily 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 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:BHARATFORGLong
by RK_Chaarts
7
NATURALGAS ELLIOT WAVE COUNTSNATURALGAS has almost completed wave B of wave 2, possibly next wave C is ready to start unfolding soon, which can be confirmed by breaking support trendline, which could be aa good trigger point, Once it breaks support trendline then it can slide towards south directions near $ 7.500 zones, where wave C can complete equality with wave A. Negative divergence in both rsi and macd on hourly time frame 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.
RUS:NG1!Short
by RK_Chaarts
5
Nifty wave counts from 15183This is one of the rare case where a 3 wave move up has a C wave extension greater than the regular 1.382/1.618. In super-extended moves, we have seen C Waves extend to 2.0 and even 2.618 of wave A. What determines the future move is the speed of reversal post completion of Wave C/3. Another supporting evidence for it being a wave C and not wave 3 is that the initial moves prior to wave C was a clean Wave A i.e. a 3 wave move contained withing parallel lines, whose subwaves tended to equality. A bull case could be made that - no it was a 1-2-i-ii and not an a-b-c within Wave A, but generally in 1-2-i-ii, the lower degree 1 is shorter than the length of the higher degree 1. Here, both waves tended to equality. Hence an argument for it being a wave A is stronger. Now we will have to see how price behaves at prior wave 4s of lower degree. Immediate supports are offered in the range of 17150-17450, which is the range of the Wave 4 of lower degree. A corrective rise from there will confirm that we are going further lower. Will revisit this developing idea once we are at 17150-200. -ansible/entropy
NSEIX:NIFTY1!Short
by no_aha
COFFEE possible Elliott wave countsHere are possible wave counts of coffee on higher time frame to lower time frame like, Daily time frame to 4 hourly and 4 hourly to 1 hourly. Possible wave counts on daily time frame Possible wave counts on 4 hourly time frame Possible wave counts on 1 hourly time frame 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.
PEPPERSTONE:COFFEEShort
by RK_Chaarts
Elliott wave theory on Nifty50 (SHORT FOR SMALL TIME)Nifty 50 achieved the final target (nearly) as per the target of Expended ending diagonal in the form of ABC wave. The ABC move was very sharp. 0-2 and 2-4 trend lines breakout clearly visible, but the major 4th wave high is still not broken. Here i have drawn new 0-B trend line (BLUE COLOR) may decide the further movement in long term. Lets see the scenarios related with the trend line. Scenario 1- If the upcoming wave (may be 4th wave) breaks the 0-B trend line - Bearish control. - Scenario 2- If the upcoming wave (may be 4th wave) respects the 0-B trend line - Bullish control. ******RSI diversion is noticeable****** 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
4
Crude Oil making Ending Diagonal in wave C of WXYCrude in WXY double zig zag correction. Currently wave C of Y in progress. All internal waves of C wave are overlapping one another that leaves only one pattern to be considered as "Ending Diagonal" or falling wedge Break of this pattern on upside would reverse price (at least temporarily as there is chance of Triple zig zag too) Looking at wave 5 of C we can say it could make one more low below 86.82 but if goes too deep 77.5 then CHART Invalid. Would wait for confirmation Above 95 to head towards 114 which is starting point of Ending Diagonal in wave C 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)))))-------------------------------
TVC:USOIL
by Niftydirection