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Elliotwaveanalysis

Infy elliotwave analysis, ready to create new high?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. I may or may not trade this analysis. -------(((((LIKE & Donate Coins to support my analysis)))))------- On small time frame of 15 min plotted impulse wave from swing low. Currently in Wave 4 triangle correction and looks ready for breakout with green Marubozu formed in 2nd last candle. Targets any of these 1031-1037(in case of wave 5 truncation), 1050 case 1: Weakness in global markets can invite for gap fill 1006 and good support at 1004 which is entry opportunity with 997 SL. Case 2: Gap up opening and sustainance above 1027 will confirm bullish bias Case 3: Gap down and violation of 997 this becomes analysis will be invalid
NSE:INFYLong
by Niftydirection
2
Nifty 50 analysis for 05 OctThe entire move from 10800 to 11400 level appears like a 3-wave pattern (Wave X) .. Once this pattern completes, expecting a downward move ... 11460 (+/- 10) as marked on chart, will be a strong resistance and watch out for price action at this level as Nifty may reverse from there ... View for 05 Oct would be bearish ... Support levels as marked on chart are S1 - 11335 S2 - 11290 S3 - 11250 Note - Views are personal and meant for educational purpose only, not for trading any instrument
NSE:NIFTYShort
by raj0778
Bank Nifty - 22365 (Don't Forget The Level) - Bearish GartleyLast Fall from 22365 & fails to hold 22300 levels mentioned over the idea. Got the fall 22300 to 21400 -------------------------------------------------------------------------------------------------------------------------- Bearish Gartley From Same Level ------- 22365 ( Very Close) --- If BNF holds "below 22365 / 22300 " then we can expect a drop to 21600 -target & going below 21600 - we can expect more fall ---------------------------------------------------------------------------------------------------------------------- This idea is not valid above ----------- 22365 highs ***
NSE:BANKNIFTYShort
by WaveTalks
15
Gold- Triangle Scenario Evolving As Ending Diagonal- Wave YNot a trading call 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 only ------------------------------------------------------------------------------------------------------------------------------ Market Commentary Last Idea - Suggested It could be a triangle unfolding - Gold did best holding 50500 levels (approx) with +/- 250 points & attempting 52000 levels. "if gold holded 50500 levels then triangle scenario was still open but breaking below 50500 level- triangle scenario was negated" Later breaking 50500 levels after making high @ 52182 - now it can possibly unfold as an ending diagonal which again suggest that making a new low below 49250 - it can attempt all-time new high or similar high @ 56191 Short Term - Downside Trend - one more fall expected below 49250 holding below 50350 Long Term - Upside Bias & One more high cannot be negated. Once New low is achieved as per short term trend- close to 49000- we can expect new all times or similar high @ 56191
MCX:GOLD1!
by WaveTalks
6
Nifty- Wave 4 Done at 11305 (62% retraced)- Careful !!!For Educational Purpose Do not consider this a trading call. Consult a financial advisor before executing any trades. "Risk Management" is the most important lesson -a trader has to learn before taking any trades. ------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------ Wave Analysis Key Points for Nifty Index Moves Last Price- 11254 / 10:28 Hrs / 29th Sep 2020 • The fall 11618 to 10790 – an impulsive fall • Nifty retraced 62% (current bounce) of the fall from 11618 to 10790 which is 11305 • 62% level which comes at 11305 is the most important resistance level • Keeping in mind 11300 –trader’s should decide their next course of action • Chart representation ( such as "red arrow" marked downside is for author’s reference) • Kindly do the due diligence before taking any trades • Have a wonderful session ahead ------------------------------------------------------------------------------------------------------------------------ Second Last Idea -Nifty crack from 11620 to 11085 ------------------------------------------------------------------------------------------------------------------------ Last Idea - Nifty bounce expected "holding above 11085" ------------------------------------------------------------------------------------------------------------------------
NSE:NIFTYEducation
by WaveTalks
13
Nifty 50 analysis for 30 SepIt appears that the impulse in upward direction completed at 11300 levels and its correction has commenced. Wave b of the correction is unfolding. The resistance and support (+/-10) for tomorrow as marked on chart are R1 - 11280 R2 - 11330 S1 - 11180 S2 - 11085 Overall view on Nifty for tomorrow is bearish. Expecting an initial upward movement for first one/ one and half hour followed by Wave c in downward direction anytime after 1100hrs .. If Nifty manages to break 11180 levels, expecting it to test 11080 levels as well.
NSE:NIFTYShort
by raj0778
1
Reliance Zig Zag 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)))))----------------------------- 2277 Invalidation level 2130 target deduced cause Z is usually equal to Y supports 2200,2165
NSE:RELIANCEShort
by Niftydirection
1
Banknifty Corrective wave after Leading Diagonal on 15 min chartDISCLAIMER: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)))))----------------------------- Target 20735 which is 0.5 Fibonacci retracement of Leading diagonal If gaps up and open above 21065 this analysis is invalid so 21065 is SL.
NSE:BANKNIFTYShort
by Niftydirection
BPCL starting Impulse Wave 5DISCLAIMER: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)))))------------------------------ BPCL broken contracting Triangle and starting wave 5 last impulse wave. Long between 430-410 SL on close 390 daily chart exit potential target 500-510 (~20%)
NSE:BPCLLong
by Niftydirection
Nifty 50 analysis for 28 SepNifty surprisingly appears to have taken a reversal from 10792 ... Its presently unfolding Wave iii and it may find resistance at 11140-11160 levels, as marked on the chart .. So for 28 Sep, we can expect either a gap up opening or a movement of another 100 odd points from present levels ...Wave iv may unfold as flattish correction, keeping Nifty range bound ...Now the big question, Is the correction over and are we headed for another bull run? Well, I would be cautious in taking long positions, unless Nifty gives me a closing above 11620 ...
NSE:NIFTYLong
by raj0778
5
Nifty Analysis for 24 SepAs mentioned earlier, Wave C of the major corrective leg is unfolding.. It appears that Wave iii of Wave C is complete and it’s corrective wave a is unfolding.. Hence wave a may take it further up, followed by Wave b in downward direction and finally Wave c again taking it upwards.. expecting the correction to finish somewhere close to the resistance zone marked on chart .. Expecting Nifty to spend the entire day in this correction.. Hence view would be predominantly sideways with slight bullish inclination.
NSE:NIFTY
by raj0778
2
ELLIOT FORECAST FOR 22 SEP 20Analysis based on technical parameters (No Noise) Today Nifty as suggested in my earlier post have completed with its correction... The decline that we witnessed was furious and in a way is in delayed sync with global index. I don't expect any further correction in nifty and from tomorrow likely to expect a upswing towards 11600.Its my personal opinion and analysis... Watch out for important levels... Assessment only for educational purpose. Trade as per own risk appetite.
NSE:NIFTYLong
by bimalscave
9
Nifty 50 analysis for 22 SepBased on today's move, have changed wave numbering of the correction as shown on chart ... Wave C of the correction appears to be unfolding ... Resistance and support zone of 11300-11310 and 11155-11140 respectively, has been marked on chart ... If Nifty manages to break the resistance and sustain above it, an upside rally can be expected till 11420 .. However, if Nifty breaks the support zone, bmaye cautious as correction go deeper till levels of 10900 levels.
NSE:NIFTY
by raj0778
2
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