Hello Friends, Here we had shared possible Elliott wave counts of National Aluminium chart, on daily time frame, which is clearly indicating that above 66.95 major support level it is purely in an impulsive phase. According to the Elliott wave structure, the price chart has exhibited the following patterns: The initial phase consisted of an upward impulse...
Hello Friends, Here we had shared possible Elliott wave counts on 4 hourly chart of crypto currency BTCUSD Bitcoin, in which we can see that we are in impulse phase of waves in some degree and we had completed wave 1 & 2, and now possibly we are in wave 3, in which wave (i) of 3 has completed and now possibly we are at the verge of completion of wave (ii), we can...
NSE:TATASTEEL looks like taking support on weekly trend line. please read the chart carefully, everything is mentioned on the chart. if price breaks above 124 it can go up in correction wave B, if it retraces till 102 & reverses it is start of minor wave 5
Attached: Nifty 50 Daily Chart as of 7th July 2023 Price has closed below PDL marking the End of the 5 wave rise that makes up either the 3rd Wave or the C Wave In both case, whether it is there 3rd or the C Wave, post completion of a 5 wave impulse be it whatever degree of the wave, there has to be a Retracement at the very least Price has 2 downsides going as...
Elliott Wave Analysis : BTCUSD Swing Daily Uptrend, Intraday Downtrend Trendline analysis on BTCUSD. Trend Identification: Swing Downtrend BTCUSD . Support/Resistance Levels: Identify key levels on the chart for potential entry and exit points. Price Behavior: Daily Bullish pullback with market structure. Targets: T1 = 27500, T2 - 26500. Check for Entry and...
Maruti has completed Wave 1 & 2 in clear impulse & pulled back in ABC correction now Wave 3 has already started minor wave 1 of 3 is complete now holding 9740 Maruti should head towards 11000.
As we can see market is bullish look at chart we see 1234 four point market had made we are looking for 5th point now the problem is how can we get 5th point how So there is no one can tell exact we all can guess how can we guess from point 1 to point 3 subtract level of point 3 to point 1 and add same amount to point 3 you can guess where is 5th point but i am...
Hello Friends Here we had shared possible Elliott wave counts on chart of USDINR, which is clearly showing that on bigger scale we are in 5th wave of some higher degree, in which we had finished wave (1)-(2)-(3) and currently we are in either in wave (4) or in wave 2 of wave (5). Also both scenarios are discussed in this video post, you can go through this video...
#Banknifty on 4 hour chart seems to be doing a double three combination, as I understand from the EW theories from several sources that Double three is a sideways combination of two corrective patterns including zigzag, flat, and triangle. When two of these corrective patterns are combined together, we get a double three. It is possibly in last phase of its...
Axis bank spot cmp 985 Weekly time frame Wolf wave + elliot wave study. Elliot wave :- counter is trading in sub wave (v) of major wave 5 , where after motive phase gets terminated. Price wise levels of 1015-1035 would act as a range where wave (v) could mature. Ascending trend line resistance of wedge structure confluence around same levels. Rsi in this last...
NSE:ABFRL Elliott Wave Theory Suggests a New Uptrend Description: ABFRL stock has given a breakout and retested the breakout level. This is a bullish sign and suggests that the stock could be starting a new uptrend. According to the Elliott Wave Theory, if the stock breaks above 217, it could reach 241. A stoploss of 205.45 is recommended. Technical indicators...
Larsen spot cmp 2480 Weekly time frame Elliot wave study Counter is trading in last leg of motive phase which might mature around current levels. v of 5 is in play, Ascending wedge pattern indicate counter is overbought as its trading above structure. RSI and MACD have bearish divergence with respect to price. Last week counter made high of 2483 levels and today...
For so long time we are seeing a complex wave. May be the impulse take place once the complex wave formation is completed.
Hello Friends, Here we had shared possible Elliott wave counts on copper international chart. Good thing is wave counts are aligned with each others in multi time frames, Over all it looks good to go long as per wave structure, whole scenario is shared in this video post, so please go through out this video post to understand the Analysis of copper as per Elliott...
Hello Friends Here we had shared possible Elliott wave counts on hourly chart of NIFTY, in which we can clearly see that currently we are in impulse structure and as per counts we can say that after bottom of June 2022, we have started fresh impulse up move, in which we had completed wave (1) and (2) and now possibly we are in wave (3), which can be at least...
IGL has constructed a falling wedge on the 1-day chart in which it has made continuous lower lows and lower highs. The trend can change from bearish to bullish after the breakout of the resistance trendline. Buyers can expect a bullish move with the following targets: 483 & 504 . IGL Is Bearish below 458 . Buyers have to break and stay above 504 to increase...
In above 30 min chart of banknifty we have given elliott wave count. Banknifty made high near 44499 and when it made high that time macd and rsi both shown negative diversgence which given a hint of coming correction in banknifty. This correction is started in form of wave ABC which seems completed near channel support of 43345 where macd and rsi both...
Banknifty future currently in broader range that is 43300 and 44100 and narrow range being 43500-44000 MACD and RSi given positive diversion. POC is near 44000 which acting as magnetic level. Shorters should stay cautious... as lower levels getting rejected till now