Elliotwaveanalysis
Go Long - Detailed levels on Chart17-10-2020
> Market cap: 4400
> Up 90% from 52 week low
> Making inside candle
> Volatility and Contraction concept
> Consist increase in the volume
> Entry at 546, SL 490
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.
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
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.
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SL 11790 Sell for target in the zone of 11600-11555, Entry 11750
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
Complete market cycle of elliott wave over the NIFTY-EducationalI have described the complete market cycle of elliott on the weekly chart of nifty as well as two model structural development which are Motive and corrective. Now that I've reviewed all types of waves, I can summarize their labels as showed in the nifty chart.
If you have any query regarding to my chart or mistake in it, let me know throughout the comment.
thank you.
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.
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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)
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.
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
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.
Nifty 50 analysis for 12 OctMinor wave 3 appears to be complete and its correction is under progress ... The corrective pattern appears to be unfolding as a Extended Flat correction ... Hence expecting Wave c of the correction to unfold as downward impulse ... Resistance and support as marked on chart are :-
Resistance - 11955-11965
Support - 11765 -11750
Expecting the bull run to continue post this minor correction
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
Dow Corrective Wave B and C PendingDISCLAIMER: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.
Just for educational Purpose
DAX Corrective Elliot Wave looks to be StartedDISCLAIMER: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.
Just for educational Purpose
HDFCBANK - Smaller Or Larger Corrective Leg To The Downside !It's A 3-3-3 Structure Which is Known As WXY.
Indigo- Important Resistance-1355If Resistance 1355 holds as the top then we expect 1180 ( 1st Target) & falling below 1180 more on the downside
Last Price- 1322 / 13:03 Hrs / 5th Oct 2020
Strict Stops Above - 1355
1st Target Downside - 1180
Nifty Triple Zig Zag Correction PossibilityDISCLAIMER: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.
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If nifty starts fall and doesn't violate 11618 then probability of triple zig zag pattern high.
11440 is 0.786 Fibonacci level of recent high 11618.
Triple zig zag least corrects 0.5 Fibonacci level of previous wave(ii to iii) which is at 10670
z wave correction will be abc correction, abc drawn in chart are just for reference and not calculated.
11099-11035 Gap 1 filling this will confirm downside
11347-11226 Gap 2 filling this will confirm fall towards 10670 or even beyond.
Tata steel- Wave Counts- Will it Fall to 300 ?Not a trading call. Purely for Educational Purpose. Consult Financial Advisor before taking any trades.
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Wave Analysis
Flat Correction (W X Y) - from the highs of 442 can be completed with one more downside leg or fall close to 300 levels.
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Last Wave Idea on Tata steel - 29th July 2020
Nifty Analysis for 06 OctWave X as marked on chart shall be valid only if it smaller than Wave C ie, Nifty doesn’t break 11620 mark .. yesterday’s day high of 11579 will be key resistance.. if Nifty manages to break n sustain above it, may test next resistance zone of 11635-11655, in which case Wave X shall not be valid and one can expect further up move in days to come .. however if Nifty is not able to break 11579, expect some correction for today .. wait for price action at imp support n resistance levels as marked on chart .. expecting an initial up move till 1030-1045 hrs followed by some correction .. second half especially after 1400-1415 hrs may experience some volatility
