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Elliotwaveanalysis

Nifty Redraw Elliot Wave Count and New High ProjectionFollow Blue count Wave (1) Leading was made when recovering from Mar 2020 low we are currently in wave (3) which is extended and still in progress. Follow Orange count Five moves started in Oct-Nov 2020 which triggered massive rally wave (iii) extended nearly 261.8% of wave (i). It came to end at ATH 15432 then this whole (i) to (v) wave sequence got corrected in the form of triple three retracing bit more than 23.6% at 14151. Follow Pink count here wave 3 extended more than 200% and looks to have finished. So 4th was complex correction in the form of triple three. The target for 5th wave in pink would be 16400 (38.2%) or 17789 (61.8%) of wave 1. This needs breakout confirmation 15432. 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:NIFTYLong
by Niftydirection
4
Nifty Next Move (Continuation To earlier Chart)Wave C seems to be ended today near 14590 v of C was ending diagonal with internal zig zag moves. Fresh Impulse has started 1,2 done and 3 started or a,b done and C in progress. Expecting 1.382-1.618 when 3 or C goes up beyond 1.618 level extension is expected. ###Earlier idea link can be found below#### 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:NIFTYLong
by Niftydirection
4
Glenmark Expanding Leading Diagonal on Monthly ChartGlenmark is expected move in expanding Leading Diagonal. V wave of leading diagonal always moves beyond end of wave III. V wave expected to move minimum 100% of length 0 to III somewhere near 1400+. Most likely to 138%(1.382) or 168%(1.618) which are near trend line. The prospects and analysis are for long term if anyone wants to keep stop loss then they would 405 or 161 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 am holding some shares in this and may sell or buy additional anytime. -------(((((Please LIKE or Comment)))))-------
NSE:GLENMARKLong
by Niftydirection
Bank of baroda 5th Impulse startThree white soldiers formed on weekly chart. Dip towards 75-73 long opportunity 5th wave expected to be extended reaching anywhere between 1 to 1.618 levels. If channel drawn on iii and iv gets broken aim for 1.382-1.618 levels. Other details on chart 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:BANKBARODALong
by Niftydirection
Nifty impulse wave count and conditional upside breakout pointNifty came down in Zig Zag wave with C wave reaching 14650. This is important support near trend line, interestingly that is near 0.618 Fibonacci level Until 14782 gets broken there is no upside confirmation. Once breaks will attempt new high as 1.618 Fibonacci extension above 15550+ or minimum 15210+ Bearish below 14460 so 14782-14460 is no trading zone. 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:NIFTYLong
by Niftydirection
3
Muthooth Finance Extened 5th Wave and Pole Flag FormationAll analysis visible in 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:MUTHOOTFINLong
by Niftydirection
6
HDFC BANK good short candidateHdfc bank spot cmp 1430 Sell on rise candidate Currently counter is trading in corrective phase , impulse wave B of corrective phase,, Wave C might unfold from levels of 1450 or from 1490 levels,, Wave C might extend to levels of 1250-1200.. View gets negated above 1500 on closing basis.. Head and should pattern formation have right shoulder peak around 1460-1480 levels,, From there it might take turn towards neck line which is around 1360 levels,, Bearish divergence on RSi,, RSI facing Resistance of falling trendline,,, Good short candidate...
NSE:HDFCBANKShort
by RUDRA007
5
Gujarat Alkalies Flag formation and start of Wave 3Stock in flag consolidation since long time and on verge of breakout. Long near 360-70 with Stop loss 302 Minimal target 512-15 of Wave 3 or C. Agressive targets posted as Wave iii can be possible as consolidation is quite high 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:GUJALKALILong
by Niftydirection
Astrazeneca starting 5th WaveStock moved 14% last session with 2931 stop loss we can ride 5th wave for given targets on chart 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:ASTRAZENLong
by Niftydirection