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Elliotwaveanalysis

Nifty 50 analysis for 03 NovWaves have been marked on chart for easier assimilation .. My view on Nifty is still bearish and expecting Nifty to retest 11530 level tomorrow .. No changes in the resistance & support zones and the same have been marked on chart ... View gets invalidated if Nifty breaks 11750 .. Likely important time zones to be watched out for are 1015 - 1030 hrs and 1200 hrs Note - views expressed are personal n for educational purposes only. Consult your financial advisor before trading instruments
NSE:NIFTYShort
by raj0778
9
Nifty 50 analysis for 02 NovWaves have been marked on chart for easier assimilation .. As per counts, it appears that wave (i) of Wave 3 and its corresponding corrective wave (ii) r complete .. The fall that was witnessed appears to be wave i of wave (iii) .. same was followed by corrective leg pulling Nifty to approx 11660 levels in a 3 wave pattern n the same has been marked as wave a .... Expecting Nifty to take resistance from the first resistance zone (marked on chart) n fall till the second support zone marked on chart in a 3 wave pattern (choppy movements)...From there Nifty should rally to retest the first resistance zone .. How much of these movements happens on Monday shall depend on VIX ... Bottom line - Nifty is bearish, rallies are opportunities to short Note - views expressed are personal n for educational purposes only. Consult your financial advisor before trading instruments
NSE:NIFTYShort
by raj0778
11
Nifty 50 analysis for 30 OctAs expected, Nifty opened gap down, completing Wave v .. Thereafter, Nifty spent the entire day correcting ... The correction pattern appears to be flat with Wave a and b already completed ... Wave c is in progress ... Expecting Nifty to open gap up somewhere between 11730-40 or if it opens flat, expecting a rally till the mentioned level, completing wave c ... From there, it should move down .. However, be cautious as the correction may unfold as a complex one thus keeping Nifty range bound .. Look for break of support as marked on chart to ascertain completion of correction and commencement of next impulse .. Important time zones would be (0945 - 1000 hrs & 1415 hrs) Note - views expressed are personal n for educational purposes only. Consult your financial advisor before trading instruments
NSE:NIFTYShort
by raj0778
2
Nifty 50 analysis for 29 OctThe waves have been marked on chart for easier assimilation .. While marking, I have basically taken two scenarios into consideration Case 1 (Marked in black) . Correction of Wave 1 is a flat/extended flat correction and Wave C shall unfold as a rally towards level of 11960. Case 2 (Marked in red) . Correction of Wave 1 (Wave 2) is complete and what we witnessed today was unfolding of Wave 3, with probably, its Wave i & iii already completed today. Personally, I'm more inclined to Case 2. Expecting Nifty to open either flat or gap down. If it opens flat, it may continue with downward movement till the second support zone marked on chart, completing Wave v of Wave 3. Also do note that, today was the consecutive 9th inside bar of the 15 Oct bearish candle. So expecting a breakdown tomorrow. However, Nifty is likely to take support from the zone marked and may give a retracement as marked . Likely important time zone (1230 -1245 hrs) has also been marked. Note - views expressed are personal n for educational purposes only. Consult your financial advisor before trading instruments
NSE:NIFTY
by raj0778
1
Nifty Analysis for 27 Oct 2020Waves have been marked on chart for assimilation.. Presently, the correction of first impulsive downward wave of 15 Oct is going on .. it appears to be a flat/ extended flat correction.. wave (a) of this correction appears to be over n wave (b) is in progress.. it appears that minor degree wave a of (b) completed yesterday .. expecting it’s wave b to unfold n test resistance zone of 11820-11840 as marked on chart .. from there wave c should commence .. if it is a flat correction, wave c should take support at 11680-11660 levels.. however if it unfolds as an extended flat, expect wave c to test 11600 levels (+/- 20) Note - views expressed are personal n for educational purposes only
NSE:NIFTYShort
by raj0778
6
Powergrid parallel channel BreakoutDISCLAIMER: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. -------(((((Please LIKE & Donate Coins to support my analysis)))))------- Long on dips towards 168-166 SL 162 Positional target 180 Long term target 220 SL 154
NSE:POWERGRIDLong
by Niftydirection
Airtel impulse wave after support near 400DISCLAIMER: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. -------(((((Please LIKE & Donate Coins to support my analysis)))))------- Airtel looks bullish for 440-450 levels. Consolidation will take place in wave iv after recent run up, then wave 5 should go up. Long near 430-425 SL 419
NSE:BHARTIARTLLong
by Niftydirection
Nifty 50 analysis for 23 OctAs per wave patterns, it appears that the correction of Wave (3) is going on .. Level of 12000 has been tested multiple times ... If Nifty opens flat, it may fall down till the marked support zone, completing Wave b and from there it should be again headed for a rally till 12000 level as part of Wave c ... This should complete the higher degree Wave (b) .. Expecting Nifty to again fall from levels of 12000 as part of Wave (c) Note - Views are personal and meant for educational purpose only, not for trading any instrument
NSE:NIFTYLong
by raj0778
SBI in a flat correction - Elliott Wave TheoryI have applied the Elliott Wave Pattern. The third wave is including a contracting triangle, and the fifth wave is including an ending triangle. Hence, the State Bank of India's (SBIN) cycle of the corrective wave started after the fifth wave. There are two scenarios if it crosses 61.8% , C will be around 205 , and if it does not crossover the retracement level of 61.8% , C will be at/nearby 195 . These levels are target prices for the day traders.
NSE:SBINShort
by forextidings
8
Elliott Wave basic part 1In the Five-Wave pattern, 3 of the waves are in the Directional Movement they are 1,3 and 5. The remaining 2 waves are Countertrend interruption they are 2 and 4. Waves 2 and 4 are necessary for the directional movement to happen. 3 Rules of Wave Pattern >Wave 2 can never overlap wave 1 >Wave 3 can never be the shortest >Wave 4 never enters the wave 1 Waves 1,3 and 5 are motive waves. They are powerfully compel Waves 2 and 4 are countertrend. They are a response to the preceding.
BEducation
by Thetradingmyopic
1
Nifty 50 analysis for 19 OctWaves have been marked on chart for easier assimilation .. It appears that Nifty formed a triangle corrective pattern on 16 Oct .. View for Monday is bearish ... If Nifty opens flat, expecting a rally till the resistance zone marked on chart and completing the correction ... Thereafter the minor Wave v should commence and complete at support zone marked on chart ... This entire move should complete the higher degree Wave 3 ... Expecting a pull back from there as part of correction. Note - Views are personal and meant for educational purpose only, not for trading any instrument
NSE:NIFTYShort
by raj0778
1
Nifty 5th Wave of SellingDISCLAIMER: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. -------(((((Please LIKE & Donate Coins to support my analysis)))))------- SL 11790 Sell for target in the zone of 11600-11555, Entry 11750
NSE:NIFTYShort
by Niftydirection
4
Nifty 50 analysis for 16 OctI have marked two red circles on the chart, depicting a classical double top bearish pattern and what we call a flat correction in EWT .. Accordingly with the first 15 min candle, it was evident where Nifty was headed to today .. had been a flat correction for the rally upto 12022, Nifty should have taken support at 11860 or 11820 levels and continued with the rally ... However, the fall continued and Nifty closed below 11700, maybe indicating that the correction is not of the previous rally till 12022, maybe Wave 4 is not yet over ... Waves have been labeled on chart .. A food for thought, probably, Wave 4 is still continuing and is an Extended Flat correction .. today it might have started unfolding its final wave Y .. If that be the case, then we are headed to probable 10500 levels ... For tomorrow, 11600 is a key support zone and the resistance would be 11760 as marked on chart ... If Nifty manages to break the support in coming days, then probably our assumption of it being an extended flat correction might well be true. Note - Views expressed are for educational purpose only and not meant for trading instruments
NSE:NIFTYShort
by raj0778
5
Indusind Wave 5 comingDISCLAIMER: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. -------(((((Please LIKE & Donate Coins to support my analysis)))))------- Indusind Wave 5 coming Long on close above 633 or all dips towards 600-590 zones Stoploss 577 target 660-80, 740(best case scenario)
NSE:INDUSINDBKLong
by Niftydirection
MCX Silver's Next Target 65200 by the Elliott WaveHere, I have applied Elliott wave , moving average , volume , and MACD . Wave 4 can be steady or sideways for a while. Overall, silver is in an uptrend. Safe investors can buy silver at wave 4 for the following levels: Intraday Targets: 62100 - 63300 Positional Targets: 64260 - 65200 At present, moving average and MACD throwing upward signal by crossover. Technically, multiple volume spikes are a great sign of a bullish trend.
MCX:SILVER1!Long
by freestocktips
6
Nifty 50 analysis for 14 OctAs per wave count, it appears that the corrective leg Wave (b) is not complete yet ... Hence expecting an upward rally to start with till 1015 hrs, followed by the corrective leg Wave (c) unfolding in downward direction .. Resistance would be 11965 -11955 and has been marked on chart .. Support zones would be 11845-11835 and 11755-11735, as marked on chart ... Likely important Time zones to watch out for would be 1015 hrs and 1215 hrs and have been marked on chart ... Long term bias would be bullish, however for tomorrow, view for Nifty would be bearish. Note - Views are personal and meant for educational purpose only, not for trading any instrument
NSE:NIFTYShort
by raj0778
6
Nifty 50 analysis for 13 OctNifty opened gap up and attained a day high of 12022, which is 161.8% projection of Wave (1) marked on chart ... Hence assuming that Wave (3) is complete and accordingly its correction continued for the entire day .. Wave (a) of the correction is an impulse and appears to be complete ... Moreover, since Wave (2) was more of a flat correction hence expecting Wave (4) to be of zig zag family .. Accordingly if Nifty opens flat, expecting it to rally up as part of Wave (b) till 1100 hrs ... Resistance zone would be 11970 -11955 and has been marked on chart .. Post which Wave (c) should unfold as an impulse .. Support zones would be 11830-11810 and 11755-11735, as marked on chart.
NSE:NIFTYShort
by raj0778
Banknifty In Uptrend 5th Impulse Wave of Leading DiagonalAs explained in previous chart we were able to pin point Banknifty's down move. Downward wave four 4 was double zig zag correction which completed near 24404. We are witnessing now final Wave 5 impulse of leading diagonal and currently in wave iii which should extend 2.618=24785 to 25000. There will be sideways correction next may be till 23500-23300. Final Wave 5/v should reach 26361 Fibonacci 0.618 retracement from march low or bit higher for 27000. As it already moved very rapidly Invalidation level is deep and high of wave i viz. 21811 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 am holding banknifty etf from 21000 levels
NSE:BANKNIFTYLong
by Niftydirection