Elliotwaveanalysis
Bata at lower channel lineDISCLAIMER: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.
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Bata trading in corrective channel and about to commence Z wave. If this is corretive wave the will stay in channel otherwise in case of channel break it will be termed as impulse wave.
Support zone 1450-20
Stop loss 1288
Target 1890-1900
Banknifty consolidation in Triangle breakout awaitedDISCLAIMER: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.
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Banknifty consolidation since many days and looks fitting triangle pattern or flag with pennant.
Stop loss 34893
Wait for confirmation close above 36464 for given targets
If wave 3 extends beyond 1.618 levels then 50k is no big deal.
Tv18 attempting breakoutDISCLAIMER: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.
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Stock can go towards 57. If successful in breaking parallel chennel drawn with big volumes then new lifetime high can be expected.
Long at near 32-33 with Stop-loss 27.2
Nifty possible downside based on Global IndicesDISCLAIMER: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.
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Nifty during after breaking day high in last 1 hour on 25th Feb made 3 black crows on 15 min chart.
It is likely break below 0.236 fibonacci level near 15050 that will be sign of weakness. It will be A Wave.
A bounce back towards resistance 15110-145 again possible as B wave. Going short near this sell zone will be low risk high reward.
Stop loss of this analysis yesterday's high 15177
Sharp downmove towards 14850-750 zones can be expected in wave C
Nifty Bull Run Target That You Won't BelieveSo Nifty going near 20000?? This is the level most of us won't agree but just look at Vertical Rise almost 90 degree when you look at Monthly chart. Off course it will take longer to reach there i don't have timeline nor stop loss. Small Dips will come and go while it goes up bull run just started. Comment your thoughts below.
Counted Nifty From zero for Wave V Extended target, where Wave V will be = Wave I+Wave III
If you count from 279 all time low Wave will be somewhere near 19650.
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
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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
TATA POWER ANALYSIS 02.02.2021BUY 79 TO 75
TARGET 110
Reason for buying this script :
In this it forming a structure of Elliot wave so we can go for buy. Now we are in 5th stage of wave.
Once it break 110 and close above 110 in weekly time frame means next target up 145
Note:
Above given levels are based on weekly time frame it will take some days to achieve the target so be patience.
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.
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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.
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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.
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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.
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.
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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.
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
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