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Elliotwaveanalysis

Potential Nifty Top With Fibonacci and Elliot Wave TheoryDISCLAIMER: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)))))------- Plotted Elliot Waves on Nifty Monthly Chart so lets find out potential top 1. Nifty Top Based on Elliot Wave Theory where Wave 1 = Wave 5 a. Consider Wave 1 start from 279 which is lifetime low of Nifty then wave 5 should 13589.2 Where wave 1 height is 6078.1 + 7511.1(low of Wave 4) = 13589.2 b. Consider Wave 1 start from 0 then Nifty wave 5 top should be 13868.2 Where Wave 1 height is 6357.1 + 7511.1(low of Wave 4) = 13868.2 2. Nifty Top Based on Elliot Waves and Fibonacci extension where Wave 5 is equal to 0.618 of Wave 3 which is 13800.95. The next Fibonacci extension would be 0.786 which is 15510.8 which is less likely to happen.
NSE:NIFTYEducation
by Niftydirection
5
Exide with Potential UpsideDISCLAIMER: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)))))------------------------------- Exide gave good breakout with volume it should move upside from current price. After plotting Elliott waves we can see its in wave iii so There are two possible trades Short term trade: long near 180-82 Stop loss 169.5 for target 195 Positional trade: long near 180-82 Stop loss 154 target 226 in wave iii and 245 in wave v
NSE:EXIDEINDLong
by Niftydirection
Escorts good short candidate.Escorts spot CMP 1380 levels. Elliot wave projection :- Counter is trading around the maturity levels of impulse wave 3. if corrective wave 4 unfolds around this levels price might correct to 38.2 to 50.00% of wave 3. Chart patterns :- Double top formation Double top formation is observed on daily time frame ,, pattern breakdown confirms once the nearest support horizontal trend line is broken and sustained. on breakdown price action matters a long,, there should be large bearish bar formation with increase in volume... Rising contracting wedge formation :- price trading around the resistance line of rising wedge formation,, in past prices have respected this resistance line and fallen from this levels. RSI indicator :- Price is making higher high where as RSI is making lower high,, bearish divergence. Good short candidate..
NSE:ESCORTSShort
by RUDRA007
NIFTY METAL INDEX GOOD SHORT CANDIDATENifty Metal index CMP :- 3200 levels. Harmonic pattern :- Bearish butterfly pattern formation. PRZ zone in range :- 3200-3300 levels 1.27XA = 3313,, Equivalent AB =CD matures at 3210, 2.24 BC extension around 3180 levels. Bearish AB = CD pattern formation matures around 3210 levels.. Elliot Wave study :- Whole structure formation is in Expanding rising wedge pattern, at the moment index is trading around the resistance line of wedge pattern. Wave 1 : First impulse wave gave 26% move from the low point Wave 2 :- have retraced around 0.618% of wave 1 Wave 3 have extended around 2.618% of wave 1,,in % terms,, gave 60% move from low of wave 2 Wave 4 have retraced around 0.50% of wave 3 wave 5 have extended around 2% of wave 1,, in % terms,, gave 52% up move from low of wave 4. As per harmonic index is trading in PRZ zone,, as per elliot wave impulse phase is on verge to mature,, as per wedge chart pattern index is trading around resistance line of expanding rising wedge pattern, spinning top and doji candle formation seen in last two trading sessions on daily time frame, all indicates good reversal in trend can be seen from this levels.
NSE:CNXMETALShort
by RUDRA007
Nifty Mid cap 100 Good short candidate Nifty Midcap Index CMP around 20450 levels. Elliot wave Study :- Whole structure is in form of rising channel pattern, at the moment index is around resistance line of rising channel pattern. As per % terms if observed wave 1 = wave 5 (both the waves are of 27% ) Wave 3 is of approx 1.618% extension of wave 1 and wave 5. As per theory when wave 3 is extended wave,, wave 1 and wave 5 are equal. Wave 2 and wave 4 are also equal in terms of % ( both have given 9% correction) Smaller time frame Rising channel pattern also have resistance around 20500 to 20600 levels, Resistance of two rising channel structure confluence around same levels give strong indication of reversal. Impulse phase is on verge to mature around this levels.. if Corrective wave unfolds we might see good correction . RSI indicator :- RSI is overbought and is trading around long term resistance levels might see reversal from this levels, which would lead to cool off in index.
NSE:CNXMIDCAPShort
by RUDRA007
Elliot Wave Projection of Eicher MotorsA possible projection of Elliot Wave for Eicher Motor stock. Stock is making impulse wave expecting it to break all time high. Just for educational purpose. 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 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)))))-------------------------------
NSE:EICHERMOTEducation
by Niftydirection
Praj Industries Wedge breakoutDISCLAIMER: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)))))------------------------------- Stock has broken wedge pattern on daily chart with good volume. It is set to test major hurdle near 100. Long near 87-89 zones with Stop-loss 75.4 📌 Wave 3 target 98-100 if crosses and closes above 100 then wave 3 will get extended then it will move up towards 127 which is 2.618. This will mean breaking major 130 level which is channel resistance. 📌 If wave 3 is not extended and ends near 98-99 then after wave 4 should retrace little 88-89. 📌 Wave 5 should end near 117 📌 Only allocate small portion of the capital and do your own study or ask your financial advisors before investing
NSE:PRAJINDLong
by Niftydirection
Nifty Upside fading Ending diagonal at 13180DISCLAIMER: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 forming ending diagonal in 5th Wave and upside looks to be over. There are two ending diagonals as you can see in chart. Max expected upside 13180. This analysis will be invalid if Nifty touches 13207. On downside 12790(0.382 Fibonacci), 12550 (0.5 Fibonacci) levels expected. One can wait for confirmation close below 12983 before touching 13207.
NSE:NIFTYShort
by Niftydirection
7
Nifty 50 analysis for 01 DecThe move from 12790 to 13035 was a motive wave .. Yesterday, Nifty commenced its corresponding corrective wave and the same unfolded in a 3 wave pattern, suggesting that the pattern would end up as a flat/extended flat correction .. Wave A of the pattern appears to be complete .. Expecting Nifty to open gap up on Tuesday ... Depending on flat/extended flat correction, Nifty would reverse from either 13035 or 13065 levels with targets as 12915 and 12885 respectively .. From there, the bull run should continue .. Watch out for important time zone of 1220 and 1255 hrs .. Support and resistance for the day has been marked on chart.
NSE:NIFTYShort
by raj0778
2
Nifty spot good short candidateNifty spot cmp 13000 Elliot wave study :- on weekly time frame major elliot wave impulse phase is on verge to mature,, 20 year cycle is on verge to mature,, now if corrective wave unfolds there can be price wise and time wise correction on index.. Wave 1 is of around 5510 points ,, wave 3 is or around 10175 points which is longest and strongest wave of impulse phase and perfectly 2 time of wave 1,, wave 5 is of around 5600 points almost same as wave 1..wave 2 have corrected around 78.6% of wave 1 which is perfect retracement as per elliot wave theory.. wave 4 have retraced around 50% of wave 3 which is also as per theory.. RSI divergence :- Price is consistently making higher high from the peaks of wave 3 to wave 5,,where is RSI making Lower high high bearish divergence,, historicaly most of time it is observed that when there is bearish divergence and RSI touch 70 levels it tends to fall.. at the moment RSI is almost at 70 levels. Chart pattern :- Rising channel formation structure can be seen in whole impulse phase,, where Support and resistance line are well respected through the cycle.. at the moment index is trading around the resistance line of the rising channel pattern,,and overbought as per concept of price action..
NSE:NIFTYShort
by RUDRA007
10
Nifty spot good short candidateNifty Spot CMP 13000 Elliot wave Study :- Impulse phase is on verge to mature, and if Corrective phase unfold for this whole impulse swing we might see some retracement in coming 1-3 month ,, price wise which can be 0.236% to 0.50% of this whole swing.. more details mentioned on chart.. RSI Divergence :- In last wave of impulse phase , price is making higher high where RSI is making lower high,, Bearish divergence ,, indicated soon the wave is on verge to mature.. Trend line :- At the moment index is trading around Major resistance line which is respected for the whole swing. Chart Pattern :- In last wave of this impulse phase , rising parallel channel formation and rounding top formation are seen,, details on chart..
NSE:NIFTYShort
by RUDRA007
18
M&M Wave 4 Elliot Wave analysisDISCLAIMER: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)))))------- M&M Wave 4 Elliot Wave analysis Case 1: If this is symmetric triangle then should end E wave near 610-605. After this if breaks and closes above 631-33 then 740 can be wave 5 target, Stop-loss will be 567 Case 2: If wave iv is Double three correction pattern. This will be confirmed if breaks and closes below 590. We can expect 551 (0.382 Fibonacci) level then target will be 726, Stop-Loss will be 537.
NSE:M&MLong
by Niftydirection
Graphite Ready For ActionGraphite impulse wave count gave trendline breakout with volume wave 3 target 400 and wave 5 would be 450+ long at current price 211 or dip towards 200 with STOP-LOSS 160 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:GRAPHITELong
by Niftydirection