HCL Making Wedge Patter.. First entry around 808, Second around 800, SL 785 (HCB), T 850-870
A Possible H&S Top Pattern in WIPRO. Disclaimer- Only a view. Please manage your risk.
Bank 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...
From 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...
Wave counts for Nifty since March lows. wave 3 got extended so wave 5 can be a little shorter, maybe a 0.618 fib extension of wave 1. Seemingly a top is near and we can get a deep correction
Kotakbank 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...
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...
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...
Waves 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...
Waves 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 .......
As 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 ... ...
The 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...
Waves 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...
Cipla is in the completion of the 5th wave ( e wave ) of the greater degree wave C . wave e always has five waves within . Stoploss is marked in the chart, play this by Options or by futures ... My strong conviction for this trade Posting here to have a demonstration of how we take trades based on Elliott wave principles. For paid works your discussions and...
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...
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...
As 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) .....
I 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...