Elliotwaveanalysis
Nifty trend looking weak downside expectedNifty has completed channel bound ABC zig zag correction crossed near 70-80 of fall from 17800.
Price has formed ending diagonal pattern in wave 5 of C also negative Divergence on 5 min chart.
We may start dip tomorrow if breaks 17570 levels.
Stop loss must be kept as top of 15 min candle breaking 17570 for downside towards 17430 then 17270
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.
Tata Chemicals : Swing Buy, Buy for IntradayTata Chemicals Limited is an Indian global company with interests in chemicals, crop protection and specialty chemistry products headquartered in Mumbai, India.
CMP: 944.05
Target: 976-1003
In Tata Chemical Sideway trend completed also given breakout and form 1st Elliott Wave. Best for Long term.
For Intraday On 31st Jan 22 Watch opportunity to buy. ( Must watch Bullish Candlestick Pattern, Stop loss as per Candle Stick Pattern)
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Nifty more consolidation ahead wave Z startedNifty enter more consolidation phase as wave Z looks have started will take 2-3 days more.
Broken and closed above 0.382 fibonacci levels today next aiming for 0.618 fibonacci level at 17770
Bearish view will get activated as soon as breaks 17244.
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.
Elliot Wave for Nifty, Bearish Nifty ,End of Monthly Wave 5So , I am publishing this idea on Monthly charts of Nifty 50 , I am new to Elliot Wave Concept still studying and exploring. Your valuable corrections and guidance will make this analysis more useful.
As Per charts ( Monthly Chart ) Nifty 50, Indices are forming waves pattern .
As per Fibonacci Golden Section Rule, which results in a .382/.618 split, Certain wave termination points will often divide wave patterns into the Golden Section or sometimes a .50/.50 split. In an impulse wave, wave 4 (usually its origin or termination point) will often divide the entire wave into the Golden Section or into two equal parts
As per Golden Ratio, in monthly charts of Nifty 50 , Termination point of Wave 4 (i.e 7511 Corona Fall ) is dividing the whole journey of Nifty 50 in 0.382 : 0.618. This is the basis of my conclusion for concluding the end of wave 5.
So if we consider this to be the end of wave 5, there will be pause in the Impulse wave and corrective waves will be seen on the charts.
Nifty spot ChartNifty spot chart Elliot wave counts updated
zoomed view in corrective phase subdivided counts
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.
BankNifty Spot ChartBank nifty spot levels Elliot wave structure is suggesting to go long.
zoomed view of corrective phase
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.
Dhampur Sugar wave 5 in progressStock looks to hgave broken out of consolidation 4th wave and started 5th wave
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.
Hero MotoCorp 2x-3x potential in long termStock is in wave 2 zig zag correction and dropping towards 0.618 Fibonacci.
Good to add in range 2500-2200 with Stop Loss 1980 for long term for 2x-3x returns
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
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INDIAN ENERGY EXCHANGE ( IEX )IEX has given Breakout from (0) and (B) trendline with good intensity of volume in daily time frame, Wave structure is also suggesting impulse move ahead, Now wave 4 has seen a long consolidation and we may be ready for wave 5, as wave 5 unfolds we may go towards 350 and 380 plus areas, All other indicators like macd, rsi, dmi adx, bollinger band, and stochastic are also suggesting positive trend ahead, One can go long at current levels or in dips (if any) with mentioned stop loss for mentioned targets on chart.
Wave structure could be like this
Breakout with good intensity of volume
key levels are mentioned on chart along with stop loss and targets
Volume decreased in corrective phase
MACD in weekly running in positive and now uptick that too above zero line
MACD in daily positive crossover and now uptick that too above zero line
rsi uptick and above 60 and 70 in daily time frame
upper bollinger challenged in daily time frame
dmi adx positive ungali setup in daily
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
I am not responsible for your profits and losses
AUROPHARMAThis stock has given good breakout of double resistance trendlines along with good intensity of volumes, all other indicators are also suggesting for upside, one can go long at current levels or in dips (if any) with mentioned stop loss and targets on chart.
wave structure could be like this
key levels are mentioned on chart
breakout with good intensity of volume
chart pattern inverted head and shoulder neckline breakout
macd in weekly positive crossover and uptick
macd in daily positive and uptick
macd in hourly positive and uptick above zeroline
rsi in daily uptick and b/o
rsi in hourly above 60s and 70s
adx dmi in hourly
upper bollinger challenged in hourly
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
I am not responsible for your profits and losses
NIFTY-ELLIOT WAVE PerspectiveIf we consider the last up move to be 1 then we are in an impulsive move upward.
We have completed 1 and going for 2 out of which it looks a has been completed and will go for b upward.
Then a sharp reversal towards 17050 which is at 61.8% level of wave 1.
***Note: wave 2 can retrace up to 99% of wave 1 and below 100% the recount will take place.
This analysis will be invalidated below 16782 level which is recent lowest low.
This is not a buy sell recommendation.
For update on my chart see the status.
Regards
BankNifty Elliott Wave Count isn't Impulsive and its compelling!NSE:BANKNIFTY
Bank Nifty Corrective Elliott wave count
Sharing my Elliot wave analysis on Bank Nifty from the start of March 2020 (corona crash). And it seems the bull party is over! We may stay in bear mode for sometime now.
Let me know your views in the comment section regarding the wave count or otherwise. Lets try to mutually improve.
If you like the effort and analysis consider cheering and liking the idea.
Cheers!
Elgi Equipments Extensions in 5th waveAll details on the chart if you get any pullback towards 250-40 zones add with nearly 15% stop loss for 25-28% target 1. Mostly it will hit target 2 as wave 3 was not extended. Also channel on wave 3-4 broken so it would be bullish.
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.
Nifty 50 Neowave ForecastNSE:NIFTY
Hi Traders
Today we are going to discuss Nifty 50 Index. So lets see whats been happening here.
After Making an high of 18600 we are falling. We made a low of 17600 which i called (A) point and after that we rise and make a (B) Point. So as you all you can see this three wave corrective structure higher possiblity going towards 17400.
Now longer term trend is still up. So Below around 17000 there is an support trend line. Higher possiblity of returning from there.
So its all depend on how much (C) point will fall.
So this is the best possible scenerio.
Thank You
Wave Forecast