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Elliot Wave Analysis of Nifty 50: 15 min chartThis is further to my analysis on 23rd August, 2022, where I tried to analyse the index on all time frames. The wave (a) was corrected by almost 38.2% to 17626.55 level. The price further went down to 17499.25 making a 3 wave structure and then extended the wave (a) correction to 17726.5 making wave (b) as complex correction w-x-y. Wave (b) seems to be completed at this level which is approx 61.8% correction of wave (a). In last one hour of trading hours, index went down sharply to 17487.45. It seems to be the start of wave (c) which may be expected to go down till 17178.8 that is 38.2% correction of wave iii of one higher order. We can expect the current price movement as wave (c) as long as it doesn't go above end of wave (b) i.e. 17726.5. Note: This is for educational purpose only, do not take it as an investment advise. Consult with your advisor before investing.
NSE:NIFTYShort
by Epic_Elliot
2
BEL Bharat ElectronicsThis stock has given breakout with good intensity of volumes, also RK's mass psychological cloud suggesting upside along with buy signal. Overall wave structure is showing that we are in impulse only, In pandemic situation also this stock has not gone too low, it has been out performer and making higher highs and higher low structure. After completing wave 1-2 now we are in wave 3, and inside wave 3 we had completed (i)-(ii)-(iii)-(iv) and now we are in (v) it looks consolidation in wave ii of (v) has been completed and now possibly we are unfolding wave iii of (v) of bigger degree wave 3. however, iii can unfold at 284 areas. On the way down, the recent swing low can provide a good support to watchout for upcoming days, which is pegged at 223.80. All indicators are also suggesting to go long for ride towards north. Overall wave structure looks like this Breakout on daily chart, with good intensity of volumes RK's mass psychological cloud in buy mode in daily time frame, along with running in buy signal activated, along with breakout. price challenging upper Bollinger band in daily time frame Macd in daily positive and uptick above zero line Macd in weekly uptick above zero line dmi adx in daily time frame both aligned positive RSI breakout on daily chart and now uptick above 60 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. 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.
NSE:BELLong
by RK_Chaarts
4
Bharat ForgeThis stock has given breakout of typical triangle chart pattern on daily chart, along with good intensity of volumes, this triangle pattern is typically seen at the end of complex correction in wave Z. As per wave structure also it is showing same scenario fitting well, overall if it gives up move as a retracement only up to 61.8% of last fall since November 2021, then we can see 751 levels on up side, on the way down 20DMA and RK's stop line are support areas which are currently pegged at 656 and 660 and major stop loss is last swing low of 630 to watch out for upcoming days. breakout with good intensity of volumes Macd histogram breakout, along with macd positive uptick above zero line, on daily chart Macd positive crossover in weekly chart price closing above 20wma price in daily chart trying to create momentum towards north RSI uptick and crossing up 60 in daily chart dmi adx positive strength on daily chart 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. 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.
NSE:BHARATFORGLong
by RK_Chaarts
7
NATURALGAS ELLIOT WAVE COUNTSNATURALGAS has almost completed wave B of wave 2, possibly next wave C is ready to start unfolding soon, which can be confirmed by breaking support trendline, which could be aa good trigger point, Once it breaks support trendline then it can slide towards south directions near $ 7.500 zones, where wave C can complete equality with wave A. Negative divergence in both rsi and macd on hourly time frame 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. 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.
RUS:NG1!Short
by RK_Chaarts
5
COFFEE possible Elliott wave countsHere are possible wave counts of coffee on higher time frame to lower time frame like, Daily time frame to 4 hourly and 4 hourly to 1 hourly. Possible wave counts on daily time frame Possible wave counts on 4 hourly time frame Possible wave counts on 1 hourly time frame 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. 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.
PEPPERSTONE:COFFEEShort
by RK_Chaarts
GoldGold is showing final leg towards south zone has been started to unfold wave 5, which can probably go near $ 1660. On the way up side $ 1792 is an invalidation level. As per RK's mass psychological cloud also, it is suggesting bearish. once it breaks below $ 1754 then more fireworks can be seen on chart. RK's mass psychological cloud sell activated 4 hourly macd negative 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. 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.
GShort
by RK_Chaarts
SILVERSilver had broken support trendline and closed yesterday below 20 day moving average, which is clear sign of bearishness ahead. After bounce from lower end of falling channel it got rejection at upper end of falling channel, also RK's Momentum turned in sell mode, all other trend indicators like macd, rsi etc. are also suggesting same bias, According to wave structure we are possibly in wave Z of Z, which can lead to retest levels of $ 20.462 and if sustain below this then $ 19.80, On upper side RK's stop line may work as a major hurdle which is pegged at $ 22.550 to watch out for. Over all wave structure could be like this one Price had broken Support Trendline along with 20DMA level on closing basis Price getting Declined by RK's Cloud and stop line on daily chart RK's Momentum turned Negative on daily chart Macd in weekly already in Negative mode Macd in daily down tick converging to Negative mode RSI in daily down tick and near 40 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. 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.
TVC:SILVERShort
by RK_Chaarts
20
GOLDWhile correction gold's recent bounce rejected from RK's stop line along with upper bollinger band on daily time frame, as per wave structure we had marked it as wave X, Overall wave structure is still suggesting corrective phase only, along with trend indicator's support as a same bias by macd on multi time frame, stochastic on daily time frame, RK's momentum and also Dollar index resumes its rally, so Gold can see its slide to south direction near $1710, where wave Z can be equal to wave W. Once price closes below 20DMA which is pegged at $1842, then bear strength can show more power. Gold has possibly started its wave Z On daily chart histogram is decreasing Weekly macd is already in negative way Monthly macd is also in negative Daily stochastic negative crossover RK's momentum also not sustaining positive on daily chart 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. 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.
GShort
by RK_Chaarts
7
USOIL CRUDE OIL US oil overall trend is still bearish, but counter trend pull back rally is now due, not only due but it's now ready to go towards north directions Buy on Dips is suggested, all the key levels are mentioned on chart Overall running wave structure 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. 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.
TVC:USOILLong
by RK_Chaarts
6
BankNifty Elliot wave counts - Chart says everythingAs per wave structure, currently we are forming pattern as a W-X-Y, in which we have already completed W and we have also completed 1st sub-division of X as a wave W of X and possibly now we are going to unfold X of wave X (X inside X). As per Fibonacci retracements it can retrace 0.382% to 0.50% as per healthy retracement which are measurement of wave (w) of X, and retracement levels are pegged at 34300 to 33900, co-incidentally 100 ema and 200 ema of same time frame are also pegged at same areas. Everything as per study is shared and mentioned on chart, chart says everything, so go through it. Once this support line is gone on 15 min chart, then we can say it has triggered. Also this a neckline on head and shoulder pattern on 15 min time frame RK's sell signal is activated in 15 min chart Bearish Divergence with RSI and MACD on 15 min chart ema 50, 100, and 200 on hourly chart can provide support macd turned negative in hourly time frame Histogram is decreasing on daily chart 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. 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.
NSE:BANKNIFTYShort
by RK_Chaarts
3
Bitcoin Elliot wave analysisBitcoin BTCUSD trend is now up, then down Bitcoin is overall preparing to back set go towards south zones on bigger picture's Elliot wave counts, but currently we are expecting very little counter pull back rally towards north near 22500 zones, there after we are assuming good fall again towards south directions. all the possible degree wave counts are shared in snap shots below Possible wave counts on weekly time frame Possible wave counts on daily time frame Possible wave counts on 4 hourly time frame positive divergence in both macd and rsi RSI double breakout on hourly chart. MACD positive crossover on hourly chart MACD positive crossover on daily chart Lower Bollinger also uptick Trigger point is breakout this black resistance trendline 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. 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.
BITSTAMP:BTCUSD
by RK_Chaarts
COPPER - Elliot wave countsOverall Elliot wave counts on daily time frame. 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. 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.
FX:COPPERShort
by RK_Chaarts
Nasdaq Elliott wave structureElliott Wave view in Nasdaq suggests the decline to 11035.20 ended wave (3). Wave (4) corrective rally ended at 12225.70 with internal subdivision as a wave A-B-C in a zigzag pattern. Final leg higher wave C ended at 12225.70 which also completed wave (4). The Index has turned lower in wave (5), but it still needs to break below wave (3) at 11035.20 to rule out a double correction. Internal subdivision of wave (5) is unfolding as a 5 waves impulse structure, where wave 1 completed near 11400, Now wave 2 rally is in progress to correct cycle where wave ((a)) and ((b)) had already ended and now wave ((c)) of 2 to end soon and Index to turn lower. Should sell on rise, On the way upside Invalidation level is pegged at 12230, and RK's stop line on daily chart can also be a hurdle to go up side, which is pegged at 12070, On closing below 20DMA can show more weakness, which is now pegged at 11621, Once its gone then more journey towards south can start, towards 11500, 11394, 11291, 11145, 10959, 10729 and 10441 too. Overall wave structure along with all the key levels 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. 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.
SKILLING:US100Short
by RK_Chaarts
NIFTY ELLIOTT WAVE FORECAST #nifty Hello Friends, As per NIFTY ELLIOTT WAVE COUNT Theory #NIFTY can go up to 16200 to 16390 level and as per #elliott wave count we can short near 16200 to 16390 zone for the #target of 14500 to 14300 level down side. Happy trading. Elliott Wave Labelling Cycles : Grand Super Cycle : ((I)) (((II)) ((III))((IV))((V)) ((a)) ((b))((c)) ((w)) ((x)) ((y)) Super Cycle : (I) (II) (III) (IV) (V) (a) (b) (c) (w) (x) (y) Cycle : I II III IV V a b c w x y Primary : ((1)) ((2)) ((3)) ((4)) ((5)) ((A)) ((B)) ((C)) ((W)) ((X)) ((Y)) Intermediate : (1) (2) (3) (4) (5) (A) (B) (C) (W) (X) (Y) Minor : 1 2 3 4 5 A B C W X Y Minute : ((i)) ((ii)) (( iii)) ((iv)) (( v)) (( a)) ((b)) ((c)) ((w)) ((x)) ((y)) Minutte : (i) (ii) (iii)(iv)(v) (a) (b) (c) (w) (x) (y) Subminutte : i ii iii iv v a b c w x y
NSE:NIFTYShort
by TRADEWITHKIRAN
ITC breakout with volume and Elliot wave countsThis stock has been under performer most of times, but now the way chart is formed is a good sign for bulls, now it may do out perform against market also. On daily time frame it has given good breakout along with good intensity of volumes, also trend indicators and oscillators are in favor to go long, Overall wave structure is also suggesting same bias as a bullish views. Some highlights are shared below as a snapshots. Breakout with good intensity of volume on daily chart Wave counts and all the key levels are mentioned on chart, along with stoploss and targets. MACD in weekly positive above zero line MACD in daily positive, uptick and above zero line RSI breakout on daily along with uptick above 60 & 70 levels RK's mass psychological cloud and RK's stop line both are suggesting to go long Price is above upper Bollinger band in daily chart, good momentum can be seen ahead DMI and ADX in daily chart both are in favor to go long, both are positive 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. 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.
NSE:ITCLong
by RK_Chaarts
2
shibusd - Shiba inu usd Elliot wave countsShiba is trading at ideal support zone at the starting point of wave cycle, but to confirm low/support in place and bullish reversal, we need to see a recovery at least back to 0.00001435 area and more strong above 0.00000200 area. (One can go long after these confirmations) on the way down 0.00000450 levels are major support to watchout for. As per Elliott wave perspective, we have been tracking (A)-(B)-(C) correction from all-time highs and wave (C) is now possibly completed, as we see a completed five-wave cycle of the lower degree. Overall wave structure, almost full wave cycle completed and price near major support level. Waiting for close above 0.00001435 to made higher high and then higher low Price is taking support at bottom of RK's mass psychological cloud on hourly time frame Also on daily chart it entered again in RK's mass psychological cloud Price action formed Morning star candle stick pattern on weekly time frame, but still waiting for follow up. macd positive in daily time frame MACD flat after down fall on weekly time frame histogram breakout on daily time frame 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. 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.
FTX:SHIBUSDLong
by RK_Chaarts
NaturalGas Pull-back is to start as per Elliot Wave AnalysisAfter sharp fall from top of the wave 5 or we can say top of June month, it has fallen in five subdivided pattern as a wave A, which clearly shows that correction is in zigzag pattern, we all know some basic rules for zig-zag correction, that it comes in three subdivisions like A-B-C, and wave A always subdivides into an impulse or leading diagonal, and wave B always subdivides into a zigzag, flat, triangle or combinations, so here we are assuming that wave A has almost at the wedge of completion, and possibly wave B his ready to start as a A-B-C towards north directions, which can lead towards 61.8% of recent fall (wave A), which is near $7.571 or more towards $7.976, on the way down $5.30 is a support area to watchout for. However, pullback will just be a counter trend rally and once wave B rally is completed, then wave C will unfold, and decline of wave C should probably be equal to wave A. Overall scenario Sub divisions in wave A Fibonacci retracement levels Trigger point Can be like this as per rules 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. 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.
N
by RK_Chaarts
1
NIFTY IT SECTOR CNXIT WAVE STRUCTUREThis sector has completed corrective waves as wave A-B-C and now possibly wave X has been started as a retracement, Once it closes above 20DMA (middle Bollinger band on daily chart), then it can show good strength and go towards north directions, up to 38.2% of whole recent fall as wave A-B-C. Some price actions and some indicators are suggesting reversals after bearish fall, which are mentioned below. Hammer Sentiments, on merging last two candles on weekly chart price action is bullish piercing candle on weekly macd positive crossover on daily chart Stochastic positive on daily chart After oversold, now RSI is again above 40 levels on daily chart dmi adx positive on hourly chart dmi adx converging towards positive in daily chart 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. 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.
NSE:CNXITLong
by RK_Chaarts
2
BriatanniaBritannia has shown clean 5 wave decline in wave A, indicating that the short term structure is bearish, but near term pullback is due as a wave B which can maximum retrace upto 50% or 61.8% of wave A, possibly near 3500 levels. Once the pullback is complete wave C would be ready to start journey towards south directions Down towards 3200-3300 range. Overall wave structure on hourly chart Price in buy signal as per RK's mass psychological cloud and stop line macd in daily uptick macd in hourly is uptick above zero line, but yet not crossed positive RSI in hourly is uptick above 50 and near 60 price closed above 20HMA 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. 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.
NSE:BRITANNIALong
by RK_Chaarts
NIFTY OVERALL WAVE STRUCTUREHere is possibilities of what does Nifty overall wave structure says. 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. 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.
NSE:NIFTY
by RK_Chaarts
RELIANCE INDIn Reliance RK's momentum sell signal is already activated on daily chart, and yesterday finally it break down from that rising channel, and today we closed below 20dma along with close below RK's stop line which is at 2635, now we can say that yes we are in bearish phase. As per Elliot wave structure also, wave E of the ending pattern ended in april and fall was wave i and recent bounce was wave ii and the next move that has started should be wave iii, which can go towards south direction where the lower end of the wedge is near 2300 and if wave iii is going to be equal to wave i, that level is near 2335, these are the possible levels to watchout for. MACD in daily negative crossover macd in weekly down tick RK's momentum turned negative on weekly rsi on daily down tick price below 20 dma RK's momentum sell signal activated on daily chart 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. 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.
NSE:RELIANCEShort
by RK_Chaarts
6
CHOLAMANDALAM INVESTMENTThis stock has broken down support trend line on daily chart along with good intensity of volume. Stock is possibly forming a bearish head and shoulder pattern and currently, the neckline is at 603. close below 603 will confirm a head and shoulders breakdown which may the open the gates of 482 levels. Also trend indicators like macd, rsi, rk momentum, rk mass psychological cloud, dmi and adx all are supporting same bearish bias, which increases our confidence to go short in this stock. Price is now trading below 20DMA and also below lower bollinger band which increases our negative bias as a momentum fall expected. The elliot wave structure suggests that the short to medium term uptrend has reversed because wave A was possibly a five wave decline, and corrective pullback wave B looks complete and now possibly wave C is unfolding. RK's momentum also given a sell signal. If wave C is going to equal to wave A then 562 is minimum to go for, and if it goes 161.8% of wave A then we can see 482 levels ( head and shoulder pattern's size ) Breakdown with a good intensity of volume Price also broken 20DMA and now trading below lower Bollinger Band macd negative crossover on daily also below zero line macd already running negative on weekly chart RK's stop line along with mass psychological cloud suggesting to go short RK's momentum sell activated on daily chart rsi on daily downtick and below 40 dmi adx also negative on daily chart 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. 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.
NSE:CHOLAFINShort
by RK_Chaarts