Get started

Elliotwaveanalysis

Banknifty Wave 3 towards 37200Refer Previous banknifty analysis below. Banknifty today started wave 3 which clearly visible with bullish candlea getting formed tomorrow gap up most likely to happen. Internal iii of 3 looks to retraced 0.382 fibonacci which is irregular correction on 5 min chart. Internal Wave iii of 3 reached 1.618 fibonacci level which was day high. So now wave v of 3 likely to go 100% or more of i+iii Wave 3 most of the time 45% goes 1.618 fibonacci extension level which is at 37200. DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:BANKNIFTYLong
by Niftydirection
1
Banknifty to attempt All Time high in wave v of 5If you ask why Wave 4 (in blue) is deep almost touching Wave 1 then that's based on Elliott wave Alteration Guideline. Wave 2 was flat so wave 4 will be zig zag and went deep. Rest all stuff explained 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. -------(((((Please LIKE or Comment)))))-------
NSE:BANKNIFTYLong
by Niftydirection
3
Will Crude Oil Hit 5400 Next Weekend?Crude oil has started moving forward since May. It will not stop here. It's just a WXY correction. According to Elliott's wave theory, it has completed the sub-wave under the 4th wave. It's consolidation time. Crude oil prices may fluctuate between the range of 4000 - 5400 . Hence, long-term investors can keep buying crude oil. So, what about short-term investors and intraday traders? If you look into 4 hours chart, it seems bullish from here. Crude oil is trying to break the resistance trendline. Whenever that the resistance trendline break, then we may see the prices at 5300 - 5400+ . Kindly note, if crude oil remains below to resistance trendline, then do not buy. What happens if it does not break the resistance trendline? I will update my next MCX crude oil report.
MCX:CRUDEOIL1!Long
by freestocktips
3
Tatamotors Flag and Wave 3 start Good Risk Reward ratioTatamotors Came Up from recent low with heavy volume. Retracement happened near 0.382 fibonacci levels 281 Looking Good for start of Wave 3 towards 315 as 1.618 fibonacci extension DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:TATAMOTORSLong
by Niftydirection
NIFTY METAL INDEX time and price analysis.Nifty metal Index now at 5770 Time Cycle 1 , Based on Fibonacci extension,, Price wise the extension of 1.618% of last down swing have now extended to maturity levels,, ended this week,, Price wise the extension of 1.618% of last down swing is around 5971 levels,, still 2 to 3% move is pending.. So price and time squaring around the same point in trend,, when ever such scenario happens ,, trend change can be seen. Time cycle 2 :- weekly time cycle of 188 bars Calculating from last 2 swing peaks,, index is making peaks after interval of 188 trading weekly bars,, Now this time 188 trading weekly bars mature in second week of august month,, which indicate a peak for this up trend if we go as per past history.. Bearish divergence,, Price is making higher high, where as RSI and MACD Indicators are not able to make fresh high and are infact making lower high,, giving bearish divergence,, RSI have given breakdown from rising channel formation and is continuously trading below the breakdown levels,, MACD have also given bearish cross over from the peak and still is not able to regain it positive stance with the recent upmove,, Elliot wave :- Index is in impulse wave 5 of impulse phase,, which is considered as euphoric wave,, so if corrective phase ufolds going further ,, than good retracement of the current upmove can be seen it's time to be cautious in metal sector,,, Trend change possible soon...
NSE:CNXMETAL
by RUDRA007
25
Nifty wave C about to startNifty wave A is 3 wave structure completed near 16376. Wave B was zig zag correction moving more thann 0.618 fibonacci level of wave A. Considering 16592 as top Wave C is expected to end in zones 16275 (100% of Wave A) to 16153 (138.2% of Wave A) DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:NIFTYShort
by Niftydirection
3
Nifty pvt bank bullish candidateNifty pvt bank cmp 17975 Elliot wave study Daily time frame At the moment index is trading at pre covid all time high levels of index,, which are in range of 17950 to 18030. It strong demand zone and is being respected in past history so the index can be considered at support levels . Wave 1 :- wave 1 consist of 3494 points and 41.17% move from the bottom,, this is the first impulse wave of impulse phase. Wave 2 :- Wave 2 have retraced 0.786% of wave 1,as per theory it can retrace from 0.50 to 0.886% of wave 1 wave 3 :- wave 3 consist of 10629 point and 112.% upmove from the bottom of wave 2, it is longest and strongest impulse wave of the whole impulse phase,, point wise comparision of wave 3 with wave 1,, wave 3 have extended 3.14 time of wave 1 which is considered as pie number and is important number in geometry and fibo numbers,, percentage wise wave 3 have extended 2.618 time of wave 1,,as per theory it can extend from 1.618 to 3.618% of wave 1.. so all criteria of wave 3 matches the elliot wave theory. Wave 4 :- Wave 4 have retraced 0.382% of wave 3, as per theory it can retrace from 0.23 to 0.50% of wave 3 pre assumption of wave 5 :- wave 5 is last impulse wave of impulse phase and it can be euphoric in nature,, it should be smaller than wave 3 and can be equivalent to extended compared to wave 1. Now if we consider wave 5 as equivalent of wave 1 in terms of percentage it gives upmove of 6695 points,, which is almost 2 times of wave 1 which can be considered as extended 5 wave of wave 1 in terms of points and equivalent wave 5 to wave 1 in terms of percentage,, now same calculation if compared with wave 3 it is 0.618% of wave 3 in terms of points.. so most criteria matched for this calculation. Index is trading around support zone of previous life time high,, if index manage to reverse from this levels and wave 4 matures,, if wave 5 unfolds from current levels it may lead to levels of 22800-23000,, RSI is around support levels of trend line of symmetrical triangle formation indicate strength around this levels.. Good bullish formation as per elliot wave in this index,,,
NSE:NIFTYPVTBANKLong
by RUDRA007
1
Banknifty Elliott Wave V towards all time high 37708Banknifty Elliott Wave count plotted best to my knowledge. After Wave iv which is complex correction new leading diagonal wave has been seen. New impulse should start taking it towards lifetime high. 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. -------(((((Please LIKE or Comment)))))-------
NSE:BANKNIFTYLong
by Niftydirection
4