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Elliotwaveanalysis

Banknifty final leg of downmove or there is more?DISCLAIMER:There is no guarantee of profits or no 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 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. --------------------------(((((LIKE)))))------------------------------- Downward impulse wave four iv was sideways double three correction which looks to be completed. The next move of Banknifty about to be witnessed as wave five v. This move can take it towards 0.5 Fibonacci retracement 21168 or as per support zone 21404-21027 SL/Invalidation level 22370 Confirmation: Dotted blue line has been broken which was important support line, Broken down heavily from range 22670-22080
NSE:BANKNIFTYShort
by Niftydirection
12
Reliance Elliot Waves, Gap analysis, Head and Shoulders PatternDisclaimer: Just for Study purpose, trading/investing not recommended on this analysis it can be wrong. Reliance gives classic examples where it shows similar targets with help price action and Elliot waves. Inverse Head and shoulders breakout target seems to reached As 3rd Elliot wave is extended 5th Wave should be normal (not extended) During Run up it created Breakaway Gap, Runaway Gap, Exhaustion Gap
NSE:RELIANCEEducation
by Niftydirection
7
Hindalco Wave Review (Recent High @ 203) - Final Wave E-ExpectedVideo Idea Shall Have Quick Review Hindalco BankNifty Nifty ---------------------------- Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. --------------------------------------------------------------------------------------------------------------------------- Note For Educational Purpose- not to be considered a buy or sell idea. ---------------------------------------------------------------------------------------------------------------------------
NSE:HINDALCOEducation
by WaveTalks
4
Maruti Suzuki Wave 4 sideways correctionDISCLAIMER:There is no guarantee of profits or no 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 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. --------------------------(((((LIKE)))))------------------------------- Maruti Suzuki has broken out of Weekly parallel in 17th Aug 2020 week which it formed since 18th Dec 2017 after hitting lifetime high From march lows we are in ABC correction to weekly parallel channel and We look to have finished wave C or iii. Wave iv going to be sideways correction till fib 0.236=6700 or 0.382=6300. In case deep correction 0.5=6000. Stop Loss 7350 which is recent high
NSE:MARUTIShort
by Niftydirection
Nifty 50 analysis for 21 SepAs I had shared in yesterday's post, Nifty was forming lower degree wave (b) of higher degree Wave B and as per fib retracement, correction didn't appear complete then .. Hence was excepting a bearish day ... However, Nifty opened gap up, which in itself was a trap ... Distribution continued till second half n then expected down move happened ...Wave (b) has given a 23.6% retracement, which is acceptable, however 38.2% or lower would have been ideal .. My view on Nifty as of now is bullish, however would keep a close eye on Monday as Nifty may (repeat may) test 11420 levels, post which the bull run is expected to continue ... Near term support and resistance has been marked on chart Note - Views are personal and meant for educational purpose only, not for trading any instrument
NSE:NIFTYLong
by raj0778
1
Nifty 50 analysis for 18 SepNifty opened gap down today and as posted yesterday, after an initial rally, Nifty continued correcting as part of lower degree wave (b) of higher degree Wave B ... However, as per the fib retracements marked on the chart, it appears that the correction isn't complete yet ... Hence view for tomorrow continues to be bearish ... 11420 being a strong support zone, expecting Nifty to bounce back from there. Note - Views are personal and meant for educational purpose only, not for trading any instrument
NSE:NIFTYShort
by raj0778
Nifty 50 analysis for 17 SepNifty today opened flat and rallied to 11600 levels, giving minor pullbacks in between ... On closer analysis of the wave patterns, it appears that Wave B of the correction is far from over ... Nifty by closing appears to have taken resistance at 11620 levels ... Next immediate resistance would be 11670-11680 levels and same has been marked on chart ... For tomorrow/ day after tomorrow, expecting a minor correction as part of lower degree wave (b) of higher degree Wave B ... Support zones have been marked on chart.. However not expecting the correction to go beyond 11470-11460 levels ... Considering past few expiry days, expecting more of sideways movement towards bearish side ... The view stands negated if Nifty manages to break resistance zone of 11670-11680. Note - Views are personal and meant for educational purpose only, not for trading any instrument
NSE:NIFTYShort
by raj0778
Nifty Analysis for 16 SepNifty after reaching the levels of 11800, has since been in correction mode .. as per the patterns, it appears that wave a has been completed n wave b is in progress with its last leg presently unfolding .. hence expecting Nifty to open gap up .. wave b should near completion at levels of 11580 (+/-20) .. post which expecting Wave c to unfold downwards as an impulse .. be cautious taking long positions at levels of 11580 Note - Views are personal and meant for educational purpose only, not for trading any instrument
NSE:NIFTYShort
by raj0778
3
Nifty 50 analysis for 14 SepThe correction for the impulsive move from 11184 to 11493 has commenced ... However the same is not complete yet ... Expecting the same to continue on 14 Sep and hence my view for near term would be bearish ... Friday Nifty took support from 11430 level .... Expecting the same to be broken on Monday ... I would be cautious in taking long positions till a clearer picture emerges .. Support levels have been marked on the chart. Note - Views expressed are purely personal and solely intended for educational purposes. Same may not be used for trading instruments
NSE:NIFTYShort
by raj0778
4
ELLIOT FORECAST FOR 14 SEP 20Analysis based on technical parameters(No Noise) ------------------------------------------------------------- The correction that we are witnessing after completion of the cyclic wave....is not yet over.Its only a part which seems over....what i can see is a 5 wave structure within a wedge...is it a leading diagonal indicating commencement of major correction....from my side as of now a big"NO".It will be too early to say that.....The 5 wave correction which I was mentioning in my earlier post...is turning into 1-2,1-2 wave from the bottom of march....Now coming onto the chart,the breakout from the 5 wave structure which i am seeing is an impulsive structure commencing from (e) however the top giving jitters whether the correction have completed or not...yes it have and simultaneously likely to give a 5 wave downside structure of lower degree as well...For Monday I am bearish... Assessment only for educational purpose. ======Trade as per own risk appetite... ======Happy Trading=======
NSE:NIFTYShort
by bimalscave
1
USDCAD- case of Ending diagonalVery soon there will be a trend reversal in the pair USDCAD. The current price structure is forming an ending diagonal which is going to complete the long term corrective wave A-B-C started in the month of march. The another reason for expecting a trend reversal is the bottom formation of dollar index, which clearly suggests that major reversal going to take place. Important levels are 1.30800 as the last & Above: 1.32400 reversal confirmation.
Education
by TradingSutra
Tata Motors Ending Diagonal (THE END OF CORRECTION)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. --------------------------(((((LIKE)))))------------------------------- Chart Scale Monthly and we see Ending Diagonal appeared in Wave five V. We are in Wave (4) right now probably going towards major resistance 165-67. Wave V or (5) should end at least 50% of wave (4) which is 112 Next big support 105. The calculation of Wave 5 End depends on wave 4 end and also whether it will correct 50% fib levels or more/less will be another mystery. But we can definitely say Ending Diagonal Brings THE END. See you soon XD.
NSE:TATAMOTORS
by Niftydirection
Nifty 50 analysis for 11 SepThe entire rally from 10880 to 11794 was an impulse ... Since then Nifty touched the low of 11188 ... As marked on the chart, the entire correction appears to be an impulse of the same degree as the preceding motive wave and in the opposite direction .. An impulse followed by an impulse in opposite direction is bearish signal ... So I'm expecting a correction to this downward movement and the same commenced today .... We had a good upward movement, courtesy RIL ... Expecting wave b to unfold in opposite direction starting tomorrow .. Key support levels have been marked on chart .. Be cautious while taking long positions Note - Views expressed are purely personal and solely intended for educational purposes. Same may not be used for trading instruments
NSE:NIFTYShort
by raj0778