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Elliotwaveanalysis

BTCUSD (CRYPTO) buy on dipsBTCUSD made All Time High 73805 on 14th March 2024 post that made low till now is 49112 on 5th Aug 2024 corrected nearly for 5 months. Elliott Wave Analysis : BTCUSD in Triple correction namely w-x-y-x-z of which last leg is in progress... till now low made 49112. Expecting wave z to form Triangle Pattern. Indicator : MACD given Positive Diversion and Positive cross over. Important support : Channel support near 53000 psychological level and low 49112 Worst case expected low : 45000 Improtant Fibonacci level : 0.618 % : 58430 (Acting as immediate resistance) Buying opportunity : Conservative approach: Buy on crossing 0-b trendline and sustaining above golden fib 58430 Aggressive approach : accumulate slowly near 45000-58430 Upside Potentials: 73000++ in long term Conclusion : Be cautious now in shorting BTCUSD. Now time to look for buying opportunity in dips. Disclaimer : Study here presented only for Educational purpose... No Trading advise..
CRYPTO:BTCUSDLong
by MDstockmagic
TATAMOTORS Ending diagonal.. trend is getting matured..Tata motors in impulse 5th wave up .. high made 1179 (min target of 5th wave done) It seems its making ending diagonal pattern in form of 3-3-3-3-3... waves and if it is doing diagonal pattern than chances are there for 3rd wave of 5th up in 3 waves and one more new high possible. important support is 4th wave low 855 breaking of which will end the impulse trend and down trend will start in tata motors. Disclaimer : study is only for educational and I am not SEBI registered.
NSE:TATAMOTORS
by MDstockmagic
JIOFIN BULLISH VIEWJIOFIN BULLISH VIEW ELLIOTT WAVE THEORY JIOFIN showing the fractal nature , completed 1st wave and 2nd wave higher degree showing upward signs , high volume traction can move 3rd wave to equality around 500 or even upto 1.618 around 620. let it gain some traction Wave 1 is considered using 17 leg formation to avoid further classification of inner counts , easy to count in case extension and prominent impulsive moves. This is for educational purpose only, in case of any suggestion you are welcome.
NSE:JIOFINLong
by Manojmkm
XAUUSD - Accumulation , Manipulation and Distribution Today before "ADP Non-Farm Employment Change: news big players took the advantage of news and followed ICT PO3 pattern which is ACCUMULATION MANIPULATION DISTRIBUTION ICT power of three is the strategy which exposes the smart money traps for retail traders. ICT power of 3 concept is also known as AMD setup because of the three main concepts accumulation, manipulation and distribution. Accumulation phase is when market ranges near important level and smart money accumulate their positions in this area. Manipulation phase, as obvious from the name, is to manipulate the retail traders. After accumulation smart money moves the market in opposite direction . Distribution phase is the real move. After manipulating retail traders smart money add their positions toward the real direction of market hence moving market opposite to retail mindset. In above chart i tried to show this po3 strategy developed by ICT . Before the red folder news market was ranging.. post that big players manipulated towards the order block and made high 2523.. and started distribution and till now made low near 2504. Elliott wave and ICT concepts are very easy to learn if one keeps positive mindset of learning. Disclaimer : Study is for educational purpose
FX:XAUUSD
by MDstockmagic
7
BITCOIN: Elliott Wave & ChannelGreetings, everyone.😉 I would like to present a scenario for your consideration, grounded in "Elliott Wave Theory" . ✔️ Wave initiated from the 15K level: Classified as a "Double Zigzag" ✔️ Current wave in development: Y-c-3 ✔️ Projected upward range: 93K ~ 101K The rationale behind this analysis is as follows: Zigzag patterns typically move within a parallel channel. The first zigzag wave, which started from the 15K level, adhered precisely to this parallel channel. As a result, the likelihood of a complex correction occurring is considerably high. Based on these observations, I have constructed this particular scenario. It is an illustrative representation of potential market behavior, grounded in established technical principles. Wishing you all the best of luck🍀 This is not a buy or sell recommendation. It is a personal perspective and should be used for reference only. All decisions and responsibilities lie with you.
Long
by Killer_Whales
EWT – Can Bulls Push NSE JIOFIN to New Highs?Timeframe: Daily After hitting a low of 202.8, NSE JIOFIN has formed an impulsive cycle. Wave ((2)) has not retraced more than 100% of Wave ((1)). Sub-Wave (3) is a powerful extended wave, reaching 261.8% of the Fibonacci extension of Wave (1). The price has completed Wave (4) at 307, marking an exact 50% retracement of Wave (3). The impulsive structure is expected to resume following a breakout above the corrective slope. However, if the price encounters strong resistance at the upper channel, there is also a possibility of a triangle formation on the daily timeframe chart. The 337 level will pose a significant challenge for the bulls to overcome. According to the alternative chart, the price has completed Wave D at 337.95 and has begun forming Wave E. If the price doesn’t break below the low of Wave C, Wave E could alternatively be interpreted as a 1-2 wave formation. If price breaks out 338 , traders can trade for the following targets: 360 – 383 – 405 +. A breakdown of Wave A at 307 will require a reassessment of the entire wave structure We will update further information soon.
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NSE:JIOFIN
by forextidings
7
RAILTEL - AS PER FIB RETRACEMENT, CORRECTION WAVE MIGHT BE OVERHi, This idea is about Railtel Corporation of India Ltd ABOUT THE COMPANY RailTel was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia network, to modernize the train control operation and safety system of Indian Railways. It is a "Miniratna" PSE of the Government of India. At present, RailTel's network passes through around 6,000 stations across the country, covering all major commercial centers TECHINCALS As per the price action, the first impulse wave took the price all the way from 337 to 615. THen the correction wave commenced which pulled back the price from 615 to 440 levels. The price point as per fib retracement is at the point of 50-61% which as per Elliot Wave theory should be the correction wave Next impulsive wave could start if the price aloses above 475 with volume support FUNDAMENTALS Market Cap ₹ 15,066 Cr. Current Price ₹ 469 High / Low ₹ 618 / 163 Stock P/E 56.4 Book Value ₹ 56.9 Dividend Yield 0.61 % ROCE 20.2 % ROE 15.2 % Face Value ₹ 10.0 Equity capital ₹ 321 Cr. No. Eq. Shares 32.1 EPS ₹ 7.99 Promoter holding 72.8 % Change in Prom Hold 0.00 % Chg in Prom Hold 3Yr 0.00 % Pledged percentage 0.00 % Market Cap to Sales 5.67 Sales growth 29.8 % PEG Ratio 3.81 EVEBITDA 27.9 Quick ratio 1.16 Trade receivables ₹ 1,268 Cr. Sales ₹ 2,658 Cr. Debt to equity 0.02 Price to book value 8.25 Free Cash Flow ₹ 347 Cr. CMP / FCF 75.8 Thanks, Stock-n-Shine
NSE:RAILTELLong
by Stock-n-Shine