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#banknifty #ElliotWave analysis on monthly time frame:-#banknifty #ElliotWave analysis on monthly time frame:- Wave 1 is from 2110 to 10,774 is of 8,634 points. Wave 2 is from 10,774 to 3,314 is of 7,460 points, corrected here almost 86% of wave 1 Wave 3 is from 3,314 to 32,613 (29,299) extended 253% of wave 1 Wave 4 is from 32,613 to 16,116 (16,497) corrected almost 56% of wave 3 Move from 0-3 is 2,110-32,613 = 30,503 points "Calculation of Wave 5: To calculate expected targets of wave 5, just count total move from the start of wave 1 to end of wave 3 (i.e. total move till wave 3) and add 38% and 61% at the end of wave 4. The resulted levels will be your expected targets. Extended 5th wave can go above 70% till 200%." 61.8% of 30,503 : 18,850 , Wave 5 projection is 16,116 + 18,880 : 34,966 78.6% projection is 40,091 100% projection is 46,618 Note:- Fibonacci Ratio Relationship • Wave 2 is 50%, 61.8%, 76.4%, or 85.4% of wave 1 • Wave 3 is 161.8%, 200%, 261.8%, or 323.6% of wave 1 • Wave 4 is 14.6%, 23.6%, or 38.2% of wave 3 • There are three different ways to measure wave 5. First, wave 5 is inverse 123.6 – 161.8% retracement of wave 4. Second, wave 5 is equal to wave 1. Third, wave 5 is 61.8% / 78.6 % / 100% of wave 1-3 (total up-move till wave 3) Regards, SG
NSE:BANKNIFTYLong
by subhagghosh
13
Jk tyre to cooldown in 4th wave then 5th wave upJktyre moved rapidly in 3rd wace and extended now in 4th wave is expected to be slow moving downwards least 116 and max 97 possible. It may take more than month and possibly form cup and handle pattern during process. Stop loss 85 for target 160-175-185 in 5th wave. DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment 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:JKTYRELong
by Niftydirection
Reliance Double or Tripple ZigZag Count Jan 2021Every details on chart, Comments and Suggestions from Elliot Wave Analysts are Welcome :) 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. I may or may not trade this analysis. Details in description. -------(((((Please LIKE & Donate Coins to support my analysis)))))-------
NSE:RELIANCEShort
by Niftydirection
2
Nifty Triple Three correction before budget 2021DISCLAIMER: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. I may or may not trade this analysis. Details in description. -------(((((Please LIKE & Donate Coins to support my analysis)))))------- Nifty making triple three corrective pattern going down towards 0.382 Fibonacci level plotted between 11535 to 14753. Stop loss for this analysis will be 13967 today 29th Jan high If the analysis and wave count is correct then this last leg of fall will be slow paced making it clear that call is about to end. Z wave expected to respect parallel channel drawn in and will not break out of it.
NSE:NIFTYShort
by Niftydirection
7
HDFCLIFE In 5th WaveDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment 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)))))------------------------------- HDFCLIFE looks to be making Ending diagonal in which it is expected go up in zig zag moves towards 750-850 levels. It's not yet confirm if its ending diagonal. 3rd wave ended near 1.618 level and 4th was sideways correction reaching 0.382 fibonacci levels. Entry 650-620 Stop loss 555 Most likely 5th will get extended and move beyond 850 in medium to long term. Previous analysis based on price action Inverse head and shoulders shared with target 950. Check below for previous analysis link In my holding my analysis can be biased towards upside so do your own study before investing.
NSE:HDFCLIFELong
by Niftydirection
EURUSD Updated Great Position To LongWe are in wave B of flat if wave B is finished, that means this correction could be 1.Irregular Flat which will provide wave C the power to return to the previous high (1.23503) 2. Triangle 3.Double Or Triple combination Above all cases 1.21650 is the first short target because the next wave should retrace at least 33.3% of the previous wave, in this case, it's coincidently in the significant resistance zone We can discuss if you think differently Please make your you've done your own analysis and manage your capital before open any position “Trade the market for what it is, not for what you trust it to be” Thanat VIchachai Vitalik's big fan
Long
by ThanatVichachai
2
Nifty looking for zig zag correction 15th Jan 2021Bounce retracement towards 14530-50 possible after which should go down. Confirmation entry on sell side if 14435 breaks (non risky wait for this 14435 break level)then 14400-14300-14270 possible on downside Stop loss of this analysis 14618 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. I may or may not trade this analysis. Details in description. -------(((((Please LIKE & Donate Coins to support my analysis)))))-------
NSE:NIFTYShort
by Niftydirection
21
Nifty Ending Diagonal About to Complete 11-Jan-2020Keep watch on level 14380-14428-14472 for reversal point Depending on above levels possible downside levels 14060-14080-14096 These targets are of 0.618 Fibonacci levels of length of Ending Diagonal Wave 5(4-5 orange colour). Below 0.618 move will trigger further fall next levels will be updated once top is formed 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:NIFTYShort
by Niftydirection
SBI LIFE Aiming for 1kSbi life broken resistance and looks bulish can be added for 1003 target near 920-30 SL 894 DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice 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:SBILIFELong
by Niftydirection
BTC forms sub-wave a of C non-standard in [Day timeframe cycle]Where are we? Bitcoin is the most popular coin at this moment, last time I heard about bitcoin around in Mar the price was around 7000$ but unbelievable 9 months passed, it rallies up to 30000$. This phenomenon indicates that we are in a powerful impulse wave of a supercycle. We can not count wave three as an impulse wave because wave 2 does not comply with the rule of degree Then we zoom in on wave c we will notice that wave c also forms zigzag upward, I label waves with the red color this one we can't guarantee that uptrend is impulse standard or non-standard. So I label 1 or (A) and 2 or (B). It is very strong to make elongated zigzag in elongated zigzag. You can notice that wave 2 or (B) is in the form of strong b-c failure like the bigger cycle. By the way, the corrective process is already finished. We are currently in wave (C) I further label sub-waves of wave (C) as a non-standard small x wave because it moves in the trendline channel, I can count it more than 5 sub-waves, and also it breaks the essential construction rule So after the x wave corrects the previous zigzag. It's now ready to form the next upside wave, mostly it will form another zigzag to make a double zigzag. In conclusion, we are in the wave an after wave x correct former zigzag in wave 3 or (C) and wave (C) in wave x3 of supercycle. How to trade? I must admit that bitcoin is one of the most difficult things to trade on Earth. I don't recommend you to make a short term trade. Think long term, it has the potential to change the world so in the future their chance of soaring up more price is possible. So if I must trade I will but right now some amount of it For someone who wants a better opportunity you can wait to wave a to complete, it may complete at the resistance zone in the blue horizontal line that I plot or higher but after that, It'll correct but I think not that much because the previous zigzag: wave b retraced around 38.2% of wave a. Ans: My suggestion is to buy it Warning!!! Manage your capital very well don't, be too confident - This is just one of the idea that I analyze based on my own experience of learning Elliott wave analysis - Decide by yourself "Don’t focus on making money, focus on protecting what you have." Thanat Vichachai
BITSTAMP:BTCUSDLong
by ThanatVichachai
BHEL Elliott Wave Analysis Jan 2021DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisor before investing/trading. I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
BSE:BHEL
by Niftydirection
1
EURUSD/ Wave 5 is terminated/ Next target 1/3 of the privious 4Price on Thursday rally up to 1.23082 and follow by the sharp downward move, this one causes me some money but it's fine ahaha, because if the trend really changes there is more room to trade. From the book called " Mastering Elliott wave by Glenn Neely" - The degree of the next wave must retrace 1/3% Fibonacci of the previous wave which is 1.20726 but normally from my experience it mostly retraces to 38.2% Fibonacci at least or even 50% is possible. Then the price will move upward it can form a wave b or wave 2 but shortly I think the price will fall after the new year. How to trade? I suggest trade mid-long term because the price already dives down a lot, you can wait for a pullback around 38.2/50% of the price which related to the previous high that can be a resistance zone. For me, I will wait and enter the trade in a shorter time frame. If I see the opportunity when the price pullback I will make another analysis. Warning!! This may not be the end of wave 5 of the pattern, it can also be wave x1 of wave 5 which is corrected to form wave 2 of wave 5(it means wave 5 is not yet finished. But rarely this will happen because of the rule of equality and degree. Wish you guy Happy New Year! Pause trading for a day and enjoy your life with your family For those who stay alone don't be sad, you can celebrate with me and with candles ahaha "Don’t worry about what the markets are going to do, worry about what you are going to do in response to the markets"
by ThanatVichachai