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Elliotwaveanalysis

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
Banknifty to crack hard in Z waveBanknifty Elliott wave count as shown in charts from wave 1 to 5. Currently we are in complex wxyxz correction. The final Z wave should be in progress which should break previous low. The new low is expected to be between 31400 to 30000 The drop from X wave can be looked as Zig zag correction on downside with current wave B in progress and will start C wave once breaks 35511 low as shown in below image Charts will be invalid if breaks 38766 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:BANKNIFTYShort
by Niftydirection
Nifty ready to rise or fall...Nifty is currently taking support at the neutral zone and it will continue to flag bullish signals if it does not breach the low of 16822. Till then neutral zone will act as support zone and will keep holding nifty. Once breached the Nifty will enter the bearish territory and the neutral zone will convert into resistance zone and sell on rise will start coming into picture. Keep it simple and just follow the chart. Stay safe and trade safe. Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.
NSE:NIFTYLong
by The_Trader14
SILVERSilver is still in triangular correction on weekly time frame and now it has weekly closed below RK's stop loss line which is a sign for weak sentiments again also weekly macd is about to turn bearish again so we can assume that after completing wave a-b-c-d- now we are unfolding wave e in triangle pattern, which can be last decline before breakout towards north move ahead, so if our assumptions are going to be true then silver can fall towards price of $ 21.40, before it turns bullish for a long term rally to start, On up side we can assume $ 30.72 as 0.618% of wave 3 as a target of wave 5 of bigger degree. Overall wave structure and chart pattern Price closed below weekly RK"s stop loss line weekly macd down tick Daily macd turned negative again Daily rsi down tick and closed below 40 range DMI _ ADX turned negative TLBD along with near Lbb to challenge 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.
TVC:SILVERShort
by RK_Chaarts
nifty sharp fall in sharp downward channel done 50% fibnifty moving down in sharp downward channel.. today done 50% fib near 16900 next fib 61.8% comes near 16600 Till its in falling channel.. bears power will continue... sell on rise till its below 17190... FII is selling heavily.. and till they turn into buyers... no hopes for sustained upmove last rise of 18115 also came as FII did turn into buy just 2-3 days before the hdfc twins merger event over and they started dumping again.. views are educational..
NSE:NIFTYShort
by MDstockmagic
CRUDE OILCRUDE OIL Looking good to go long at current levels or in dips ( if any ), there is a good and clear assumptions of wave structure along with trendline breakout on daily time frame. Price again closed above mass psycology cloud, and also above RK's stop line and also price has given close above 20DMA, also trend indicator macd is showing same bias to go long. On the way up side it can show 8883, and 9978 levels and more, on the way down RK's stop line which is pegged at 7687 would be a major support to watch out for upcoming days. Overall wave structure of U S OIL - CRUDE OIL international Daily Chart Overall wave structure of CRUDE OIL MCX Daily Chart macd on weekly positive MACD in mcx crude daily chart Price again closed above mass psycology cloud, and also above RK's stop line 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:CRUDEOIL1!Long
by RK_Chaarts
2
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