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Elliotwaveanalysis

SILVER MCXSILVER MCX in the near term 70500 - 70600 are the resistance zone for silver mcx, it has possibly completed wave ii in three wave decline, and now possibly wave iii is unfolding. If our wave counts are going correct then above resistance zone silver can show 79000 plus, where wave iii would be equal to wave i. Currently price is sustaining above RK's stop line and also above RK's cloud along with buy signal in RK's Magic on daily chart, which is a good positive sign itself, if we see price is also above 20DMA and 20WMA, macd is also positive in both daily and weekly time frames, RSI on weekly is uptick, stochastic on daily is supporting same bias. On the way down immediate supports are pegged at 67050 as a RK's stop line, and major support at 65298 to watch out for upcoming sessions. Overall wave structure on weekly chart macd positive in weekly and also above zero line macd positive crossed in daily chart RK's indicator also suggesting to go long Price above 20WMA above mid bollinger in Weekly chart Price above 20DMA above mid bollinger in daily chart rsi in weekly uptick stochastic in daily going positively uptick 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.
MCX:SILVER1!Long
by RK_Chaarts
CNXMETAL - NIFTY METAL INDEXNifty Metal Index is possibly completed as a leading Diagonal wave 1 of wave 5 circle, where wave 5 is shorter than 3, and wave 3 is shorter than 1 ( Leading Diagonal ) If its right than possibly wave 2 of wave 5 is now Due or ready to unfold, in macd and RSI we are witnessing negative divergences, along with Negative crossover in Stochastic and MACD, also RSI is Down tick, Lets see what happens next. Overall wave structure could be like this macd also turned negative cross along with Negative Divergence macd negative crossover in hourly RSI negative Divergence RSI Down Tick stochastic in daily time frame negative crossover stochastic in hourly time frame 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.
NSE:CNXMETAL
by RK_Chaarts
Nifty z of Z wave starting. Details as per added on chart waiting for day high 17724 to be taken out. 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:NIFTYLong
by Niftydirection
4
IDBI Bank Leading Diagonal Wave 5 Going for 70IDBI making leading diagonal pattern after recovery from 40 odd lows. Expecting it to move towards 70 in wave V of leading diagonal. Stop loss as mentioned on the 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. Disclosures: I am holding this share currently.
NSE:IDBILong
by Niftydirection
VOLTASVoltas, this stock has been consolidated in a parallel channel since October 2021, and now very first time it has closed just out of that same channel's top on daily time frame, Also it has been closed above 20DMA from last 15 days and sustaining on same. As per elliot wave structure we can assume that from the low of 8th March fresh impulse wave 1 started and on the 17th March wave 2 was started and completed on 28th March, So now possibly wave 3 is in unfolding phase. RK's Magic indicator is also showing cloud impulse buy on daily chart, along with macd turned positive crossover on weekly chart. Overall it looks good candidate to go long, at current levels or in dips ( if any ). on the way up side 1457 is the level where wave 1 and wave 3 would be equal, and on the way down RK's stoploss line which is pegged at 1244, can be a good support level to watch out for in forth coming days. Wave structure on daily also all key levels are mentioned on chart macd positive crossover on weekly macd positive on daily rsi breakout and uptick on daily 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:VOLTASLong
by RK_Chaarts
NIFTY 50 TECHNICAL ANALYSIS ( ELLIOT WAVE )Nifty has finished the 5 wave motive structure now it's time for corrective wave corrective wave has started hence expecting a bearing movement tomorrow #elliottwave #bse #indianstockmarket #nifty #niftyanalysis #indianstockmarket #nifty #niftyanalysis #nse #banknifty #bankniftyanalysis #chartanalysis #chartpatterns #elliotwaves #tamil #english #banknifty #bankniftytomorrow #bankniftyprediction #bankniftytradingstrategies #bankniftyoption #bankniftylive #niftytomorrow #niftyprediction #niftytoday #niftypredictionfortomorrow
NSE:NIFTYShort
by chartpatterntrader01
NIFTY SPOT CHART ELLIOT WAVE COUNTSNIFTY spot chart is showing good impulsive moves, This week's price actions are adding good confidence to the view that a new upward trend has started now. We should continue higher as long as support near 17003 holds it can head towards 18170 next, and break above 18170 can move towards more north direction like 18761 and more, Wave counts are suggesting same and gaining confidence along with MACD supporting as same, also RK's Magic indicator is also suggesting to go long, One more thing is markable that price is closed above 20Week average for the first time since January. On the way down major support is pegged at 17003 which is recent weekly swing low. Overall looking bullish. Overall wave structure on weekly chart current scenario on daily chart macd positive crossover in weekly chart macd positive in daily chart price is closed above 20Week average for the first time since January 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:NIFTYLong
by RK_Chaarts
2
Nifty at The END of the new Beginning Nifty running up from 15671 like there is no resistance upside. But when you take a closer look the the price is not straight up but its curving downside. momentum loss is shown by MACD with negative divergence. Hence the title THE END OF THE NEW BEGINNING Price is going up as wxyz correction to previous drop and expecting end between 17890-18200 levels The current swing confirmation break is placed at 17421. Until now there is no signal of drop yet we should see it shaping up next week The close look at last Fridays move looks to be Wave 3 of C upwards and details as given in below chart. 3 of C could end between 17730-80 then 4 would be zig zag going towards 17600 then final wave 5 up towards 17890 levels The analysis only wrong if breaks 18605 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:NIFTY
by Niftydirection
5
AUBANK-WAVE COUNTAU bank has completed A wave of its correction and is in Wave B and it seems it has completed it too. The C wave will be coming for completion. The lower projection of C wave is 922, which is equal to A wave. The C wave can extend or shorten. The rule of 3rd wave is, it should not be shortest, if the counts are correct AU bank will start falling from here. Please note : I can be completely wrong in my counting, apply your skill and invest accordingly. Please like if you like my analysis. Thank you.
NSE:AUBANK
by imkhushal