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Elliotwaveanalysis

RBLBANKWe are currently in minor wave iii of wave C of wave Y, fall from 274 has become a complex correction, possibly a triple zigzag pattern, if wave Y is going to be equal to wave W then we can see 81.75, 58.85 and 40 levels too. Overall wave counts on weekly chart macd in monthly turned negative macd in weekly negative macd in daily also in negative rsi in weekly down tick and below 40 price below lower bollinger of weekly 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:RBLBANKShort
by RK_Chaarts
CHOLAMANDALAM INVESTMENTThis stock has broken down support trend line on daily chart along with good intensity of volume. Stock is possibly forming a bearish head and shoulder pattern and currently, the neckline is at 603. close below 603 will confirm a head and shoulders breakdown which may the open the gates of 482 levels. Also trend indicators like macd, rsi, rk momentum, rk mass psychological cloud, dmi and adx all are supporting same bearish bias, which increases our confidence to go short in this stock. Price is now trading below 20DMA and also below lower bollinger band which increases our negative bias as a momentum fall expected. The elliot wave structure suggests that the short to medium term uptrend has reversed because wave A was possibly a five wave decline, and corrective pullback wave B looks complete and now possibly wave C is unfolding. RK's momentum also given a sell signal. If wave C is going to equal to wave A then 562 is minimum to go for, and if it goes 161.8% of wave A then we can see 482 levels ( head and shoulder pattern's size ) Breakdown with a good intensity of volume Price also broken 20DMA and now trading below lower Bollinger Band macd negative crossover on daily also below zero line macd already running negative on weekly chart RK's stop line along with mass psychological cloud suggesting to go short RK's momentum sell activated on daily chart rsi on daily downtick and below 40 dmi adx also negative 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:CHOLAFINShort
by RK_Chaarts
INDUSINDBANKThis stock is forming head and shoulder pattern on weekly time frame, that can be a big bearish ahead. Right now we are at mid. Bollinger on daily chart, at 20DMA once its break and close below 20DMA then that would be a trigger point, Overall wave structure is also suggesting corrective structure ahead, after completion of impulse waves, we are in corrective phase as a zig-zag pattern as a A-B-C, possibly wave A and B are completed and right now we are in wave C of zig-zag, which can subdivide into 5 waves, if wave A and C are going to be equal then we can see 670 to 675, and on upper side nearest swing high and RK's stop line of weekly and daily would be a hurdles to watch out for, which are pegged at 1029, 950 and 925. Overall wave structure on weekly chart Reverse Divergence Corrective wave structure RK's Momentum sell signal activated Mass psychological cloud and rk's stop line both in sell mode Price at 20DMA, ready to break Head and shoulder chart pattern in weekly, yet neckline to break Macd in weekly already in negative mode Macd in daily is down tick and converging towards south, that too below zero line Rsi in weekly down tick below 50 Rsi in daily down tick below 50 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:INDUSINDBKShort
by RK_Chaarts
LT Larsen & toubroLT shown selling pressure today and has been closed below 20DMA, RK's mass psychological cloud and RK's stop line both are indicating bearish scenario ahead, this stock is showing clear wave counts on daily chart, where after completing 1-2-3-4-5 impulse now its in corrective phase as wave W-X-Y, also chart is showing that W and X has completed now wave Y is unfolding as subdivided waves A-B-C. after completing wave A-B possibly we are in wave C, All this indicates wave C of Y is started, which should be unfold in five waves decline, and if C is going to be equal as A then it can show near 1354. Also all other parameters are supporting same, which are mentioned below with snap shots. All the key levels are mentioned on chart. Overall wave structure and bias scenario Price closed below 20DMA Weekly macd is running negative Daily macd is also down tick below zero line Breakdown along with good intensity of volume on hourly chart RSI on daily down tick near 40 area. RK's psychological cloud along with stop line and also RK's signal all are suggesting bearish scenario. 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:LTShort
by RK_Chaarts
2
AXISBANKAxisbank has given good breakdown of 20HMA along with bottom of parallel channel in hourly and apart from theses it has also broken support trendline with good intensity of volume. This stock has fallen below 20DMA which is pegged near 668, Also recent rally ended at RK's Stop line (key level line) near 700. Overall wave structure is suggesting that corrective phase is going on as a wave W-X-Y, where after completing wave W & X, now wave Y is unfolding as a zig-zag pattern, and in wave Y possibly wave A and B has completed and now wave C is unfolding, If wave C is going to be equal to wave A then we are directed towards south near 540 areas. significants Overall wave structure on daily time frame chart Rejection at RK's stop line along with RK momentum sell activated RK's momentum is also turning negative crossover in daily chart macd in hourly running negative MACD in daily turning/converging Negative below zero line MACD in weekly running Negative below zero line RSI in daily down tick and near below 40 RSI in hourly down tick and 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:AXISBANKShort
by RK_Chaarts
USDINR terminal move - 400 pip downmove likelyUSDINR had broken out a Triangle in the middle of Sep 21 . The subsequent move has been overlapping waves but counts well as an ending diagonal. This is a terminal move and has breached the Mar 20 high ending the larger degree pattern as well. Divergence is also developing at this high v/s previous highs. The move from 72 levels seems done and a reversal is on the cards. When weakness sets in, it can take the pair to 73.75 level. Moves on completion of ending diagonals are quick heads to the origination of the pattern. Target area is indicated. As always keep stop losses to protect capital
UShort
by SolomonsView
1
NIFTY UPDATENIFTY UPDATE, from the earlier chart you might have got some reference. We were in 4th wave of down move and it looks it has completed the retracement for 4, i.e., 38% has been completed and the price got rejection from/above the 38% level. Now we can see nifty making a new low as per the leading diagonal. Nifty has to break 16135 level and sustain below it for reaching to the marked area. Please refer to the previous chart and be updated with latest. Please do your own analysis before going for a trade/investment. All learning levels are motioned in the chart. Thank you Regards
NSE:NIFTY
by imkhushal
3
Banknifty strongest Wave 3 of Fall to startBanknifty recovered up after fall from 34820. Currently wave 2 of zig zag in progress. Risky option would to go short near 34700 with SL 34820 or can wait for confirmation break of 34530 for downside fall minimum target 34000. Wave 3 will go beyond 1.618 fibonacci extensions level. Channel break needed for sharp fall so watch as plotted on chart. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of your financial advisors before investing/trading. Not recommended to take FnO positions based on this analysis I may or may not trade this analysis. Details in description.
NSE:BANKNIFTYShort
by Niftydirection
Nifty In Consolidation 4th wave of C Before Next DropIf you Like Analysis then consider donating Tradingview Coins with Cheers!! :) First Look at larger picture on daily chart that we are in Triple three complex correction We are expecting wave iv or 4th wave of C to be Triangle but its advance assumption. Until wave D of triangle completes and bounces it can't be confirmed but consolidation still doesn't looks to be over so it carries good probability. So we are expecting it to spend so more time between 16400 and 15775 range completing D,E waves. If it breaks 16400 in next session then this can be flat correction as shown below max going toward 16430-40 level then drop Overall we are expecting drop anywhere between 15300-15000 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
7
LICHSGFINThis stock has aligned all sentiments in multiple time frames which are good enough to forecast next moves, and it indicates bearishness ahead. Price trading below support line and also below major EMAs like 200ema, 100ema, and 50ema on Daily time frame. Wave structure is also suggesting more correction ahead, after good up rally and high of june 2021, it started correction, which had formed Leading diagonal structure in wave A as a correction in month of April 2022, and after that wave B completed, Now possibly wave C is unfolding, Also this stock has seen a sharp correction without any major pullback, so in near term some pullbacks are also due which cannot be ruled out. 367 and 397 are major resistance on the way up to watchout, and in the short to medium term, the stock can possibly head south towards price levels of 235. One can go short at these levels or on Rise of price (if any). Overall wave structure is looking like this Price trading below support line and also below major EMAs like 200ema, 100ema, and 50ema on Daily time frame. RK's indicator confirms at big levels Monthly and weekly charts RK's indicator confirms at big levels Daily and Hourly charts Price trading below 20SMA (Mid. bollinger) on monthly chart. Price closed below Lower bollinger on weekly chart, it indicates good strenght of bear power. Price also closed below Lower bollinger on daily chart, it indicates good strenght of bear power. macd in weekly bearish macd in daily bearish rsi in weekly down tick and now below 40. rsi in daily negative dmi adx is also negative 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:LICHSGFINShort
by RK_Chaarts
COPPERCopper has given breakdown along with good intensity of volume, also formed 5 wave declined as a wave i after forming triangle as a wave X, wave ii has retraced very minor pullback, and now possibly wave iii is unfolding, which is making sentiments more bearish along with trend indicators supports in same bias, all the key levels are mentioned on chart. Overall wave structure on daily chart breakdown with good intensity of volume RK's magic cloud sell activated in Daily RK's magic cloud sell activated in hourly macd in weekly running negative macd in daily running negative macd in hourly turned negative rsi in hourly overall key levels are mentioned on 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.
CAPITALCOM:COPPERShort
by RK_Chaarts
4
ITC be Ready for Wave C of zig zagWave B looks to be completed and drop looks to be in progress. All other details on chart DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of your financial advisors before investing/trading. Not recommended to take FnO positions based on this analysis I may or may not trade this analysis. Details in description.
NSE:ITCShort
by Niftydirection