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Elliotwaveanalysis

Banknifty wave v downwards for 27700-27500Bank nifty in downward parallel channel from top made recently. 28400-500 can be top of wave iv and stop loss or invalidation level of this analysis is 28900 We can see 27700-27500 levels on downside in wave v 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:BANKNIFTYShort
by Niftydirection
Banknifty in Leading Diagonal 5th Wave coming to EndFrom March Lows Bank nifty is slow mover but now formed leading diagonal which is sign of uptrend coming in future. But right now we will experience corrective wave to 5 wave leading diagonal before uptrend. Current price 26798 and at parallel channel resistance max 27000-27162 can be expected. We can see zig zag wave (a)-(b)-(c) from 27000 levels. Wave (a) is expected from this point towards 25232 or 24432 (0.236 Fibonacci level of wave 1-5 of leading diagonal) Wave (b) should retrace towards 26361 (0.618 Fibonacci between all time high and march low) Wave (c) should retrace towards lower end of channel towards 23000 or 22842 (0.382 Fibonacci level of wave 1-5 of leading diagonal) 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:BANKNIFTYShort
by Niftydirection
7
ITC Deatiled 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)))))------- Target price for wave v or wave (C) was actually 150 based on Fibonacci retracement plotted between wave 3-4 Planned video was around 10-12 minutes, plotted waves and targets for wave v(wave C) didn't got save so went ahead of time and become 16 min :D
NSE:ITCEducation
by Niftydirection
3
Kotakbank Weekly chart Long Term Impulse SequenceKotakbank in Wave 3 right now For Long term fresh entry on any dip towards 1600 conservative stop loss of 6.5% at 1500, aggressive SL could wave 2 low 1230. Wave 3 target 2050 and wave 5 2240-50 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:KOTAKBANKLong
by Niftydirection
Nifty Impulse Wave Sequence from recent lowDISCLAIMER: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 should be consolidating in the zones of 11800-11750-30 as wave iv then should move towards 11885-900-925 Invalidation level 11690
NSE:NIFTY
by Niftydirection
Nifty correction Tripple Zigzag countDISCLAIMER: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 after breaking 11690 we can be sure its still in correction and can head towards 11400 levels filling two gap as shown in chart. Invalidation level
NSE:NIFTY
by Niftydirection
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