REC & PFC Ready for RallyElliottwave Analysis
Update on NSE:RECLTD & NSE:PFC
Wave 4 correction near to getting over.
Shall be heading higher in wave 5 Rally in next 3-4 moths
Elliotwavecount
HPCL and BPCL Ready for RallyElliottwave
Update on NSE:HINDPETRO HPCL and NSE:BPCL
Wave 2 correction looks over. Price breaking out.
Shall be heading higher in wave 3 in next 6 months.
WIPRO 5th WaveWIPRO
1st, 2nd, 3rd, 4th wave has completed
5 th wave in formation,
within 5th wave
in smaller cycle
1st,2nd,3rd wave completed
either 4th wave has been completed or can see further retracement of 4th wave
if 4th wave has been completed,5th wave formation will result in upward movement.
this is for educational purpose, not a trading advice, trade with due diligence
$XENUSDT looking juicy for parabolic run..GATEIO:XENUSDT looking juicy in TA elliot wave perspective ...is TSX:XEN another millionaire gem?
isecChart for swing trading. great chart for short term. minimum stoploss.
Invest at your own risk,, i am not register with Sebi.. This chart is according to my technical analysis which i learnt from past years
Sona Comstar: Driving Innovation in the Auto-Tech WorldA Global Auto-Tech Innovator with Elliott Wave Insights
Let's delve into Sona Comstar, a global player in automotive systems and components. The company operates across India, China, Mexico, and the USA.
About Sona Comstar
Sona Comstar is an automotive technology powerhouse, crafting highly engineered systems and components. They supply vital parts like differential assemblies, starter motors, EV traction motors, and more to automotive giants worldwide.
Their innovations extend to electric vehicles, passenger cars, commercial vehicles, off-road machines, and two & three-wheelers.
What sets them apart is their cutting-edge, in-house technology—advanced precision forging. It ensures high performance, consistent quality, and precision, making them an innovation-driven multinational firm.
Elliott Wave Analysis
Now, let's consider the Elliott wave perspective:
The stock's price movements have been captured in waves (1), (2), (3), and (4), and we're possibly in the midst of wave (5).
In the current wave (5), wave 1 of (5) seems to be mostly complete.
An interesting observation: During the completion of wave (4), the stock experienced a deceptive breakdown, but it didn't follow through and instead reversed its course to head north along with good intensity of volumes.
As per the Elliott wave analysis, every dip in the stock's price could be seen as an opportunity to go long, with an invalidation level set at 488.
Rising Stock Chart
Sona Comstar is not just a part of the automotive industry; it's a player in the future of mobility. With their technological prowess and the intriguing Elliott wave insights, the stock seems to be on an exciting journey.
I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Technical Analysis with Elliott Wave InsightToday, we're exploring Ward Wizard Innovations & Mobility Ltd., an Indian electric vehicle manufacturer, with an intriguing twist of Elliott Wave theory for market insights.
Before we dive into the waves, here's some background:
Ward Wizard Innovations & Mobility Limited is a publicly-held electric vehicle manufacturing company based in India. It's dedicated to producing eco-friendly electric scooters and vehicles. Not just in India, but its impact extends to countries like Uganda and Nepal.
Now, back to the chart and Elliott waves:
Recently, the stock witnessed a substantial decline from January 2022 to July 2023, followed by a period of consolidation.
Going back to its origins in May 2015 up to July 2021, we identify a significant wave ((1)), marking a robust upward trend.
This was followed by wave ((2)), an Expanded Flat correction (A)-(B)-(C) in blue. Wave ((2)) concluded near 161.8% of wave (A) as wave (C) of ((2)).
Now, the exciting part:
The best possibility is that we're currently experiencing a significant wave ((3)), known for bringing about robust upward momentum. This wave holds the potential to surpass previous all-time highs.
Elliott Wave theory is a captivating tool, helping us understand market psychology and forecast future price movements based on wave patterns.
Remember, there's a crucial detail:
We've set an invalidation level at 33.20, representing the low of July 2023. If prices drop below this level, it might indicate a different wave scenario.
Conclusion:
Our analysis hints at the potential for a strong bullish wave ((3)).
Markets are full of surprises, and risk management is your best companion on this journey.
I am not Sebi registered analyst. My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Elliott Wave Analysis of Tega Industries ltdWelcome to our fascinating journey through the Elliott Wave theory as we analyze Tega Industries.
What Tega Industries does?
Tega is a global leader in designing and manufacturing of 'critical-to-operate' consumables for the mining, mineral processing and material handling industries. The company founded by Mr. Madan Mohan Mohanka in 1976 is a multinational corporation headquartered in Kolkata, India.
Sources - Google
Let's dive into the world of waves
From the starting and up to August 2023, we've seen waves 1, 2, and 3 paint the canvas of price movements. Then, in late October 2023, wave 4 appeared, like a brief intermission.
Now, the thrilling part is, It seems we're in the process of unfolding wave 5. Think of it as the grand finale, often pushing prices to new heights.
In this case, it could even break past previous all-time highs.
Unveiling Elliott Wave Theory
What makes this theory intriguing?
Elliott Wave theory is like reading the hidden story of markets through patterns. It's about understanding the psychology of crowd behavior in trading.
The Big Picture
Here's the bigger picture:
Waves 1, 2, and 3 brought us up, reflecting the excitement of a new trend.
Wave 4 provided a necessary pause.
Now, we're in wave 5, signaling the potential for even more upward adventure.
The Takeaway
In a nutshell, our analysis hints at potential gains. But always remember:
Markets are full of surprises, and risk management is your best companion on this journey.
As with any adventure, do your homework, and prepare for twists and turns in the market's storyline.
I am not Sebi registered analyst. My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Crude Oil Analysis Decoded, A Learning JourneyHello Friends
Here we had shared Educational purpose case study of US Oil (Crude Oil) Technical Analysis, A Low-Risk, High-Reward Opportunity.
Welcome to this educational analysis of US Crude Oil (commonly known as Crude Oil). Today, we're exploring an intriguing opportunity in the world of technical analysis.
In the realm of wave analysis, we've identified an exciting prospect in the Crude Oil market. Let's break it down:
We've recently completed "wave 4," a significant corrective wave.
Now, it appears we're at the beginning of "wave 5," the final leg of the sequence.
The Potential
So, what's the potential here? Blue wave 5 has the characteristics of being an impulse wave, known for its strong and sustained price movement. In this case, we anticipate it could surpass the top of wave 3, which was at $94.99.
Risk-Reward Analysis
Now, let's talk about risk and reward. Here's where it gets interesting:
Risk
We've set an invalidation level at $87, which means if the price drops below this point, it suggests our analysis might not be on track.
Reward
If wave 5 plays out as expected, it has the potential to lead to significant price gains.
Characteristics of Wave 5
What makes wave 5 special?
It's typically marked by strong momentum, often accompanied by increased trading volumes.
Traders often find this phase exhilarating, as it can lead to substantial profits.
Risk-Reward Ratios
When considering this opportunity, the risk-reward ratio is a critical factor.
The risk, as mentioned, is if the price falls below $87, which is our invalidation point.
The reward potential is significant, with the possibility of surpassing $94.99, presenting an attractive risk-reward profile.
Conclusion
In conclusion, we've identified a low-risk, high-reward opportunity in the Crude Oil market, characterized by the unfolding wave 5. Remember, this analysis is for educational purposes only and should not be considered financial advice.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
A view on impulse EURUSD.This has a 2 wave formation in impulse. Either the 4th wave had irregular running flat the 5th wave had completed. If the 4th wave had triangle then the 1st wave in major 5th wave had completed and 2nd minor retracement had just over and getting ready for the 3rd minor ave in 5th major wave.
Price Action and Elliott Wave Harmony Case Study Hello Friends,
Here is a technical case study of RANE HOLDINGS LTD.
Possible Elliott wave structure
Price journey is like a story told in waves. Imagine it like a roller coaster ride. It started from a small point around 40 and climbed all the way up to a super high point at 2799. This upward journey is what we call "Wave (1)." It's like the thrilling part of the ride when you're going up.
After that exciting climb, the stock took a break and dipped down to 280. We call this the "Wave (2)." It's like when the roller coaster slows down for a bit before it goes up again.
What's Happening Now
Right now, it looks like the stock is starting another exciting climb, which we might call "Wave (3)." In roller coaster terms, this is like the part where it goes even higher and faster. It's often the most thrilling part of the ride.
Inside this "Wave (3)," there can be smaller ups and downs, like little bumps in the roller coaster track. We call these "subdivisions." They can give us more details about what's happening in the ride.
Historical Correction and MACD Bullish Divergence
RANE HOLDINGS LTD has a remarkable history. It reached its all-time high of 2799 in March 2018 but then experienced a significant correction, plummeting to a low of 280 in March 2020. This correction marked a staggering decline of almost 90% from its peak. Such corrections often provide an opportunity for a potential turnaround.
During this challenging period, the stock exhibited a promising sign with a MACD Bullish Divergence. A MACD Bullish Divergence occurs when the stock's price makes lower lows, but the MACD indicator forms higher lows. This is a potential reversal signal, indicating that the selling pressure may have weakened, and bullish momentum could be building.
Current Trading at 1200 recovered from 280
As of now, RANE HOLDINGS LTD is trading at 1200. The presence of a MACD Bullish Divergence and the stock's recovery from the lower levels indicate a shift in sentiment and a potential bullish outlook.
Recent Breakouts and Support Levels
In addition to the historical correction and bullish divergence, the stock has shown recent positive price action. It has successfully broken out of a horizontal resistance level on the weekly timeframe. What's even more significant is that the stock retested this same level, suggesting that the previous resistance has now transformed into support. This is often considered a strong technical signal.
Also the breakout was accompanied by a good intensity of volume, indicating significant market participation and conviction among traders and investors. This increase in volume reinforces the significance of the breakout.
MACD Positive Crossover
In conjunction with the breakout and support transformation, the Moving Average Convergence Divergence (MACD) indicator also exhibited a positive crossover in the weekly timeframe. This crossover reinforces the bullish sentiment, aligning with the price action.
Key Takeaways
Elliott wave structure suggesting impulsive move towards north may be reach new all time highs with invalidation level of 280, for Long term period.
The stock experienced a substantial correction, falling almost 90% from its all-time high.
A MACD Bullish Divergence formed during the correction, suggesting a potential reversal in the downtrend.
The stock is currently trading at 1200, indicating a recovery and possible bullish momentum.
Recent breakouts and support transformation, along with strong volume, suggest further upside potential.
The question is will it touch again previous all time highs ?
I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Elliott Wave Analysis of Tesla Bullish Perspective with CautionsHello Friends
Here we had shared study of Elliott wave analysis for Tesla A bullish perspective with cautions,
In the world of Elliott Wave theory, let's take a closer look at Tesla's chart. Here's what we found.
On an intermediate degree, we've witnessed the completion of two waves, elegantly labeled as "Wave (1)" and "Wave (2)." Currently, the spotlight is on "Wave (3)," which tends to bring about significant market changes.
Within Wave (3), we've ventured a step further by identifying "minor wave 1" of Wave (3). This delves into even greater detail, allowing us to see the inner workings of market dynamics.
Zooming in even closer, we've navigated the world of "minute" degrees within "minor wave 1." This revealing sub-waves (i), (ii), (iii), and (iv), setting the stage for what's next - the anticipated "sub-wave (v).
But that's not all. A promising development has occurred. Tesla has broken above the 0-B resistance trendline, signaling a potential shift in momentum and strengthening the case for a bullish scenario.
In summary, the Elliott Wave analysis suggests a bullish outlook for Tesla, with the breakout above the 0-B resistance trendline serving as a confirmation. Long positions are an option, with target levels set at 400 and 500, and potentially more. However, caution is warranted, with an invalidation level set at 101.81. If Tesla's price were to drop below this level, it could indicate a different scenario - a potential double correction as double (a)-(b)-(c) which we can label as "W-X-Y" within "Wave (2).
As always, no analysis is infallible, and surprises can still occur in the market. Risk management remains crucial. We'll eagerly await your further instructions to continue exploring Tesla's potential.
I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Thanks
RK💕
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Possible Elliott wave structure of SILVER (now down then up)Hello Friends
Here we had shared possible Elliott wave counts of SILVER international chart on daily time frame, which are clearly suggesting us that currently we are in some ending phase of correction, which might be finish any time so now selling is not suggested but buying on dips only. I repeat, buy on Dips only is suggested as per Elliott wave structures, whole scenario is explained in current post as a video, please go through out and gain the knowledge.
I am not Sebi registered analyst. My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Elliott Wave Analysis for South Indian BankHello Friends
Imagine we're reading South Indian Bank's story through a series of waves on a chart – each wave has its own label and meaning.
Looking at the larger picture, we've observed two distinct waves. The first one climbed up and was labeled as Wave (1), while the second one descended and was labeled as Wave (2). Now, a new wave is beginning, labeled as Wave (3). This phase often brings significant changes and momentum.
Zooming in a bit, we spot smaller waves nested within this Wave (3) We've recognized two of these smaller waves – wave 1 and wave 2. The upcoming wave, known as the "Third of the Third," is unfolding and labeled as wave 3. This phase tends to be dynamic and energetic.
Delving even closer, we identify a tiny segment of this wave 3 known as wave (i) and wave (ii). Currently, wave (iii) is likely in progress, showing notable strength.
With all these wave labels in mind, South Indian Bank appears to be a potential candidate for race towards north way, where we anticipate a price can increase, so we can assume this as an Investment pick. However, always remember that trading is not a sure thing. Like life, surprises can happen.
In a nutshell, Elliott Wave analysis helps us understand how the market moves in a certain pattern. South Indian Bank's chart is showing something interesting, and we're excited to see where it goes next.
I am not Sebi registered analyst. My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Elliott Wave Analysis of GoldHello Friends
Welcome to our Elliott Wave analysis of the Gold chart! This analysis helps us make sense of Gold's price movements by spotting repeating patterns. Think of it like finding familiar footprints in the sand.
Imagine Gold's price as a series of waves. Elliott Wave theory suggests that these waves repeat in predictable patterns. We'll be looking for five main waves within an overall trend and smaller waves in between.
The goal is to figure out where Gold might be in its current wave pattern. This can give us clues about whether the price might go up or down in upcoming days.
Remember, no analysis is a crystal ball. While Elliott Wave can be helpful, it's just one piece of the puzzle. Market news and events also matter.
By understanding these wave patterns, we aim to predict potential future movements in Gold's price. So, let's ride the waves of analysis and see what they might tell us about Gold's journey ahead.
Overall it looks little down first, then little big contra trend upside near $ 1910 or more, and then again down continuation towards $1820 - $1850 might be.
I am not Sebi registered analyst. My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Case Study of Nifty with Elliott Wave ProspectiveHello Friends,
Welcome to our Case Study of Nifty with Elliott Wave Prospective.
In this analysis, we'll be taking a closer look at the Nifty index using a powerful tool called Elliott Wave theory. Think of Elliott Wave as a way to uncover hidden patterns in the market's movement, a bit like solving a puzzle.
Imagine you're on a journey to understand where the Nifty index might be headed next. We'll be using the Elliott Wave lens to interpret the price movements and potential trends. This isn't about predicting the future with a crystal ball – it's about using historical patterns to make informed guesses about what could happen.
Throughout this case study, we'll dive deep into Nifty's recent price action and explore how it aligns with Elliott Wave principles. We'll be looking for waves and patterns that have appeared before and could repeat themselves. These waves might give us hints about potential ups and downs in Nifty's journey.
Remember, the market can surprise us, and there are no guarantees. This analysis is like a compass guiding us based on the historical behaviors we've observed in the past. It's always important to consider other factors too, like news and events.
By the end of this case study, you'll have a better grasp of how Elliott Wave analysis works and how it can provide insights into Nifty's future moves. So, let's jump into the Analysis video study of Nifty and Elliott Wave together and uncover the prospective paths it might take.
I am not Sebi registered analyst. My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing
Seeing good impulse in zeel A nice ride started .
Forgot to post my chart earlier.
This is a nice ride if we get any pull back.
If we don’t get any pullback then we can wait and watch the move.
Bullish Outlook as per Possible Elliott wave counts of Zinc mcxHello Friends
Here we had shared possible Elliott wave counts on Zinc Futures chart of mcx
Elliott Wave Analysis for Zinc Future (Hourly Chart)
Bullish Outlook:
On the hourly chart of Zinc Future, the Elliott Wave analysis suggests that the asset has completed wave 1 and wave 2. The current price action indicates the unfolding of wave 3, with sub-waves (i), (ii), (iii), and (iv) already completed. The ongoing sub-wave (v) is in progress, and the analysis considers the invalidation level for this count as the low of wave (iv) at 219.55.
Based on the Elliott Wave analysis, a potential long trade setup is identified with the following parameters:
One can enter a long position in Zinc Future at the current market price. Set the stop loss at 219.50, slightly below the low of wave (iv). Consider a possible upside target around 230 or higher.
I am not Sebi registered analyst. My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Analysis is for informational purposes only and should not be construed as financial advice or a recommendation to trade. Trading in financial markets involves significant risks, and past performance does not guarantee future results. Always perform your due diligence, seek professional advice, and carefully consider your risk tolerance before making any trading decisions.
Technical Symphony of Bullish Signals in Apollo Hospitals Hello Friends,
Technical Analysis Summary of Apollo Hospitals
In this technical analysis, we have examined the price action of Stock APOLLO HOSPITALS across multiple timeframes, focusing on the weekly, daily, and hourly charts. The analysis aimed to identify potential bullish signals and assess the ongoing trend to aid in decision-making for traders and investors.
Weekly Chart
On the weekly chart, we observed the completion of waves (1), (2), (3) & (4) and now possibly
we are unfolding wave (5) on weekly. Additionally, the Moving Average Convergence Divergence (MACD) remained positive and above the zero line, supporting the bullish sentiment. The Relative Strength Index (RSI) also indicated strength in the upward move.
Daily Chart
Switching to the daily timeframe, we had completed wave 1 and 2 inside the weekly wave (5) and now possibly we are unfolding wave 3 of (5), also we witnessed two range breakouts, both accompanied by good volumes, signaling a strong uptrend. The MACD displayed an uptick above zero line after a minor pullback, further validating the positive outlook. Additionally, the RSI reflected strong positive momentum, aligning with the bullish bias on higher timeframes.
Hourly Chart
On the hourly chart, the stock exhibited an ascending triangle pattern, and its breakout with significant volume further supported the bullish continuation. The RSI on the hourly chart remained in a robust positive territory, emphasizing the strength of the upward move, rsi level is too high and down tick, so it might give any dips that can used as an opportunities to go long.
Moving Averages
On all three timeframes like hourly, daily, and weekly charts, this stock traded above the 50-period Exponential Moving Average (EMA), 100-period EMA, and 200-period EMA. This alignment with the EMAs indicated a consistent and strong bullish trend across different time horizons.
Conclusion
Based on the analysis of multiple time frames and multiple technical indicators, including the Elliott waves, MACD, RSI, and Moving Averages, Stock APOLLO HOSPITALS demonstrated a compelling bullish outlook. One can go long now with small quantity and add some in dips (if any) with invalidation levels mentioned on chart as a red lines.
Technical Symphony of Bullish Signals in Apollo Hospitals looking potential upward continuation.
I am not Sebi registered analyst. My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
some significant snapshots are shared below
Possible Weekly Elliott wave structure
Possible Elliott wave structure on daily chart
Range breakouts on daily time frame with good intensity of volumes
Price given ascending triangle's range breakout with good intensity of volumes on hourly chart
MACD positive on hourly chart
MACD uptick after down fall above zero line on Daily chart
MACD positive and above zero line on Weekly chart
RSI breakout and uptick above 60+ on weekly
RSI breakout and uptick above 60+ on daily
RSI strong positive on hourly
One possibility
Elliott Wave Insights: Shree Renuka Sugar Ltd - Bullish OutlookHello Friends,
Welcome to our Elliott Wave analysis and technical indicators overview of Shree Renuka Sugar Ltd (RENUKA). In this analysis, we'll explore the Elliott Wave perspective and how it aligns with various technical indicators to support a bullish sentiment in the stock. Please note that this analysis is for educational purposes only and not financial advice. Let's dive into the details.
Completion of Larger Degree impulse wave (1) and then correction wave (2).
Based on the Elliott Wave principle, we've witnessed Shree Renuka Sugar Ltd undergo a larger degree wave cycle. The stock completed waves 1-2-3-4-5 as subdivisions of larger degree wave (1). Following that, corrective waves A-B-C formed as subdivisions of larger degree wave (2). This suggests that the corrective phase might be over, potentially heading the way for a new impulse wave.
In line with the Elliott Wave structure, there are indications that the stock is entering the initial phase of a fresh impulse wave. If this assumption holds true, it could signal a renewed bullish momentum in the stock's price. possibly we are in the beginning of a fresh Impulse wave may be we are in wave (i) of 1 of (3).
Possible Elliott wave structure and counts on daily time frame
Adding to the bullish case, stock has experienced a breakout on the daily timeframe. Breakouts signify a decisive breach of a key resistance level, indicating a potential change in trend direction. The accompanying strong trading volumes during the breakout add validity to the move, suggesting a significant market interest.
Breakout on daily time frame along with good intensity of Volumes
Weekly price closed above 20-Week Moving Average (20WMA)
On the weekly timeframe, the stock's price has consistently closed above the 20-week Moving Average (20WMA). This indicates a positive long-term trend and reinforces the potential for further bullish movements.
Weekly price closed above 20WMA which is good sign for bulls
Daily Price Above Key Moving Averages - 50DEMA, 100DEMA, and 200DEMA
On the daily timeframe, stock trading above the 50-day Exponential Moving Average (50DEMA), 100-day Exponential Moving Average (100DEMA), and now has closed above 200-day Exponential Moving Average (200DEMA). The alignment of these moving averages above the stock's price is considered a bullish sign, indicating a strong trend.
Daily price closed above 50DEMA, 100DEMA, and 200DEMA which is good sign for bulls
MACD positive in daily
MACD positive in weekly
Conclusion
The comprehensive analysis combining Elliott Wave principles with technical indicators supports a prevailing bullish sentiment in Shree Renuka Sugar Ltd. The completion of a larger degree correction and the potential beginning of a fresh impulse wave suggest positive market sentiment. Moreover, the breakout on the daily timeframe and strong volume support reinforce the potential for further bullish movements. However, always remember that no analysis can predict future price movements with certainty, and the market carries inherent risks. While this analysis aims to provide a well-informed perspective, it's essential to acknowledge that the future performance of the stock cannot be guaranteed, and prudent risk management is advisable.
I am not Sebi registered analyst. My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
An Analysis in Harmony Top-Down Approach chart studyHello Friends,
Today, we have something special in store as we take a top-down approach to analyze a specific stock - Tata Communications in the world of trading. By employing this multi-time frame method, we'll be diving into various charts, starting from the big picture down to smaller timeframes.
Before we begin, please remember that trading carries risks, and past performance does not guarantee future results. The analysis we're about to discuss is for educational purposes only and not financial advice.
Alright, let's kick off our analysis with the big picture - the monthly chart of Tata Communications. Here, we've identified an exciting Elliott wave count - the third wave of the fifth wave. According to Elliott wave theory, markets move in a series of five waves in the direction of the main trend, followed by three waves in a corrective direction. The third wave is well known for its strength and often the longest in a trending market. So, on the monthly chart of Tata Communications, we're witnessing this powerful third wave within the fifth wave, indicating potential significant moves ahead for the stock.
Next, we'll move down to the weekly chart to gain more insights. On this timeframe, we observed a thrilling development - the "inverted head and shoulders" pattern. This pattern aligns perfectly with the larger Elliott wave count on the monthly chart, supporting the idea of a trend reversal and a potential new uptrend for Tata Communications.
Finally, we'll zoom in even closer to the daily chart. Here, we have another intriguing pattern - a "flag and pole" pattern in the forming stage. This daily pattern further reinforces the notion of an upcoming bullish move for Tata Communications, in line with both the weekly inverted head and shoulders breakout and the monthly Elliott wave count.
On daily time frame Flag and pole chart patterns, flag in formation and still breakout is pending
By utilizing the top-down approach, we've gained a comprehensive understanding of Tata Communications' potential direction. The monthly Elliott wave count provided us with the big picture, the weekly inverted head and shoulders confirmed the trend reversal, and the daily flag and pole pattern hinted at a continuation of the upward movement for the stock.
But remember, trading involves risks, and there are no guarantees. So, it's essential to approach it with caution and use risk management strategies to protect your capital.
In conclusion, we've taken a top-down approach to analyze Tata Communications, considering the monthly Elliott wave count, the weekly inverted head and shoulders breakout, and the daily flag and pole pattern in the forming stage. Keep a close eye on these patterns and the stock's price action, and remember to trade wisely and make well-informed decisions.
I am not Sebi registered analyst. My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Thank you for joining us on this exciting trading journey !
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
National Aluminium looking bullish ahead as per wave structureHello 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 movement, representing a larger wave marked as ((1)). Subsequently, a significant correction took place, forming wave 5 within wave (C) of the larger wave ((2)). This correction reached its lowest point in July 2022 at a price level of 66.95.
Currently, there are indications that we have entered and started the larger wave ((3)). Within this wave, we are currently witnessing the development of wave (1), which is expected to unfold in five sub-waves. The first two sub-waves, 1 and 2, have already been completed.
Looking ahead, we anticipate a northward movement as wave 3 within wave (1) of the larger wave ((3)). We have already experienced sub-waves (i) and (ii) within wave 3, and we are now potentially prepared for an upward surge as wave (iii) of 3, within wave 1 of the larger wave ((3)).
Elliott wave structure mentioned on chart shared below
Breakout with very good intensity of Volumes
My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I an not Sebi registered analyst, and I am not responsible for any kinds of your profits and your losses.
Thanks
RK💕
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
BTCUSD Bitcoin possible Elliott wave countsHello 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 assume up directions ahead as a wave (iii) of 3, post completion of wave (ii), Overall looks bullish ahead with invalidation level of 24756.
I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Thanks
RK💕
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
