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LT Larsen & toubroLT shown selling pressure today and has been closed below 20DMA, RK's mass psychological cloud and RK's stop line both are indicating bearish scenario ahead, this stock is showing clear wave counts on daily chart, where after completing 1-2-3-4-5 impulse now its in corrective phase as wave W-X-Y, also chart is showing that W and X has completed now wave Y is unfolding as subdivided waves A-B-C. after completing wave A-B possibly we are in wave C, All this indicates wave C of Y is started, which should be unfold in five waves decline, and if C is going to be equal as A then it can show near 1354. Also all other parameters are supporting same, which are mentioned below with snap shots. All the key levels are mentioned on chart. Overall wave structure and bias scenario Price closed below 20DMA Weekly macd is running negative Daily macd is also down tick below zero line Breakdown along with good intensity of volume on hourly chart RSI on daily down tick near 40 area. RK's psychological cloud along with stop line and also RK's signal all are suggesting bearish scenario. 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:LTShort
by RK_Chaarts
2
AXISBANKAxisbank has given good breakdown of 20HMA along with bottom of parallel channel in hourly and apart from theses it has also broken support trendline with good intensity of volume. This stock has fallen below 20DMA which is pegged near 668, Also recent rally ended at RK's Stop line (key level line) near 700. Overall wave structure is suggesting that corrective phase is going on as a wave W-X-Y, where after completing wave W & X, now wave Y is unfolding as a zig-zag pattern, and in wave Y possibly wave A and B has completed and now wave C is unfolding, If wave C is going to be equal to wave A then we are directed towards south near 540 areas. significants Overall wave structure on daily time frame chart Rejection at RK's stop line along with RK momentum sell activated RK's momentum is also turning negative crossover in daily chart macd in hourly running negative MACD in daily turning/converging Negative below zero line MACD in weekly running Negative below zero line RSI in daily down tick and near below 40 RSI in hourly down tick and below 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.
NSE:AXISBANKShort
by RK_Chaarts
VOLTASVoltas, this stock has been consolidated in a parallel channel since October 2021, and now very first time it has closed just out of that same channel's top on daily time frame, Also it has been closed above 20DMA from last 15 days and sustaining on same. As per elliot wave structure we can assume that from the low of 8th March fresh impulse wave 1 started and on the 17th March wave 2 was started and completed on 28th March, So now possibly wave 3 is in unfolding phase. RK's Magic indicator is also showing cloud impulse buy on daily chart, along with macd turned positive crossover on weekly chart. Overall it looks good candidate to go long, at current levels or in dips ( if any ). on the way up side 1457 is the level where wave 1 and wave 3 would be equal, and on the way down RK's stoploss line which is pegged at 1244, can be a good support level to watch out for in forth coming days. Wave structure on daily also all key levels are mentioned on chart macd positive crossover on weekly macd positive on daily rsi breakout and uptick on daily 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:VOLTASLong
by RK_Chaarts
Nifty to start 5th Wave towards 15100This is internal move of nifty we can call iii of 3 completed at 15044. Wave ii was shallow and complex Wave iv is zig zag retraced nearly 0.618 Fibonacci Reversal expected near 14605 Stop loss is top of wave i which is 14557 wave v of 3 is expected to go towards 15120 levels 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 your financial advisors before investing/trading. Not recommended to take FnO positions based on this analysis I may or may not trade this analysis. Details in description.
NSE:NIFTYLong
by Niftydirection
20
NIFTY 15 MINS WAVE COUNTSHi friends, Nifty has been in downtrend for a while. Recent price structure as per Elliot Wave Analysis suggests it can continue to drift down a bit further. But as per Elliot wave the current down move doesn't show any major reversal yet in Nifty. Key note is that >>> till major resistance is not taken out...all trades to be taken on the negative side in intraday. Positional traders should wait for "KEY RESISTANCE" breakout to "plan their entry" or they may take a bet as nifty approaches "key invalidation point for better risk/reward ratio. As we had a gap up today...we may see one more swing on the upside...after some consolidation or pullback... I shall post my trading plan...when both price and time are ripe...keep following this idea... comments or suggestions from experienced traders r welcome... new traders or knowledge seekers can share their expectations...I will try to reach out as much as possible... Good Luck guys...keep trading...keep rocking 💥💥💥
NSE:NIFTY
by ravaye27
Reliance- Important Support Zone 1890-1900 (Catching The BottomsMarket Commentary As suggested over the last idea - comment this morning @ 09:51 Hrs / 27th Jan2021 - 1890-1900 is the important zone - If it holds then another upside push is open & it can travel to 1975/2000/2020 --------------------------------------------------------------------------------------------------------------------------- ******** Note- Falling below 1890 which is critical level-it may retest 1835 & new low expected ************ --------------------------------------------------------------------------------------------------------------------------- Once it crosses above 2020 - upside extension can be seen to 2050-2075 where traders have to be careful Last Idea- What a top @ 2120
NSE:RELIANCE
by WaveTalks
17
Reliance-Last Impulse 5th Wave Ended in Truncation-Wave AnalysisSmall Modification - Possibly Last Impulse ended in truncation at the lows @ 1855 Why Traders Have to be Careful- Channel Resistance Corrective in next higher degree possibly close to end -------------------------------------------------------------------------------------------------------------------------- Recap from last idea -------------------------------- 2022- Most Important Level & fulcrum level so sell below & buy above was suggested as per previous ideas- Hope you enjoyed selling two times close to 2022 with minimum target of 1900 downside --------------------------------------------------------------------------------------------------------------------------- ---------------------- What Next ? ---------------------- Short Term Next Most Important levels - 2100 / 2050 /2020 - which can be used as intraday levels for short term trades - Sell Below or Buy Above plans can be executed with proper risk management. Long Term Outlook Long Term Outlook remains unchanged which is still bearish as suggested for last few ideas with key level @ 2095-2100 as the most important zone -------------- Note -------------- Any sustained move above 2100 has to be reviewed again
NSE:RELIANCEShort
by WaveTalks
10
GBPUSD/If wave (b) of B is finished - x3 forming - Short!!In cycle, A upward wave (5) ends with a terminal impulse of 1.36194. Hope thrust reveres back to at least 1.34687 to 1.34295/1.34033 and completely retracement at 1.31839 referring to terminal Impulse effect or around 38.2% to 50% of the former big cycle in 4h time frame chart. 1h time frame wave (a) assumes finished, wave (b) is unconfirmed but the price already touches the 50% Fibonacci retracement of wave (a). In case that wave (b) is finished, I predict the next move is going to be wave x3. of wave (c) aim for 161.8% of wave 1. which is the same target at 50% retracement of the big cycle. So how to trade? Wait for confirmation break down at 1.34687 and pull back if the price doesn't come down it means to wave 2 is forming complex correction or wave (b) of B. is not yet finished I will switch to bid when the price is breakthrough 1.35140 level and the target is 1.35465 cut loss at the support line. ++ Thank you for reading ++ ++ Please share your opinion ++
Short
by ThanatVichachai
Banknifty Ending Diagonal Final up-move towards 30700DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisor before investing/trading. I may or may not trade this analysis --------------------------(((((LIKE)))))------------------------------- Banknifty upside getting exahusted and trading in parallel channel making ending diagonal. On Friday before close made bullish candles and closed above major resistance 30000 suggesting upside still pending. Banknifty in impulse up-move and in wave(3) which usually goes Fibonacci level 1.618=30760 of wave 1. Then after that we can expect deep correction which should go 0.5 Fibonacci level 27186 or 0.618 level 26342 in wave 4 In Wave 5 expect to go near life time high.
NSE:BANKNIFTYLong
by Niftydirection
Nifty Upside fading Ending diagonal at 13180DISCLAIMER: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 your financial advisors before investing/trading. I may or may not trade this analysis. Details in description. -------(((((Please LIKE & Donate Coins to support my analysis)))))------- Nifty forming ending diagonal in 5th Wave and upside looks to be over. There are two ending diagonals as you can see in chart. Max expected upside 13180. This analysis will be invalid if Nifty touches 13207. On downside 12790(0.382 Fibonacci), 12550 (0.5 Fibonacci) levels expected. One can wait for confirmation close below 12983 before touching 13207.
NSE:NIFTYShort
by Niftydirection
7
JSWSTEL, Real-Time illustration of complete ElliottWave-Cycle!For the ElliottWave-Cycle, kind of behavior appears in two different forms on a market chart: The impulsive move The corrective move. Motive Cycle: The impulsive waves can occur both in an uptrend and a downtrend . Impulse Elliot wave theory summary; It takes the form of 5+3 wave = 8 Wave patterns. It has the three waves 1, 3, 5 moving in the direction of the trend, the motive waves, and two waves 2 and 4 which move against the trend. Waves 1, 3, 5 can further be divided into five smaller wave s each while 2 and 4 into 3’s. Corrective Wave Cycle: The corrective wave comprises 3 waves moving in the opposite direction of the initial trend. Corrective patterns Elliot wave theory summary; This wave pattern can never move beyond the origin of the previous impulse wave. The letters a, b, c are used to label these waves respectively. =================RULES====================== The 3 main Elliot wave rule s trading Elliot wave. Wave 2 never retraces 100% of wave 1 Elliot Wave 3 is never the shortest wave in a completed 5 wave sequence. Wave 4 cannot retrace into wave 1
NSE:JSWSTEELEducation
by Trade-Technique
4
Nifty - Don't forget your levels - Can It Crack! (11825)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. ----------------------------------------------------------------------------------------------------------------------------- Last Price- 11815 / 12:43 Hrs - 3rd Nov2020 Quick Recap of U.S. Index - SP500/US500 As mentioned in last Nifty update- key levels to watch 11790 11825 11870-11880 --------------------------------- Last SP500 / US500 Idea -------------------------------- --------------------------------- Last Nifty Idea ---------------------------------
NSE:NIFTYShort
by WaveTalks
14
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