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Ending Diagonal

TATAMOTORS Ending diagonal.. trend is getting matured..Tata motors in impulse 5th wave up .. high made 1179 (min target of 5th wave done) It seems its making ending diagonal pattern in form of 3-3-3-3-3... waves and if it is doing diagonal pattern than chances are there for 3rd wave of 5th up in 3 waves and one more new high possible. important support is 4th wave low 855 breaking of which will end the impulse trend and down trend will start in tata motors. Disclaimer : study is only for educational and I am not SEBI registered.
NSE:TATAMOTORS
by MDstockmagic
BankNifty ( Elliott Wave) - Will 51700+ Be The Short Term TopDisclaimer: This is not a solicitation to buy or sell any financial instruments. Please consult your financial advisor. Explore the latest Bank Nifty analysis with WaveTalks. Will 51700+ be the short-term top? Discover insights and potential market moves as we decode the whispers of the market. Stay informed with WaveTalks - Market Whispers! Let's Jump In ... As discussed in the last idea published on 29th August, it was suggested that holding the 50938 / 50939 critical level, Index can make new highs beyond 51404 which is very much possible. The market tested traders' patience on Friday, 30th August, and continued to do so on Monday, 2nd September, and even on 3rd September, with many feeling the urge to give up. However, bulls were fortunate as a last-minute explosive move took BankNifty from 51400 to 51750—a 350-point jump towards the end of the session. Now, with U.S. markets trading in deep red, with major indices like S&P, Dow, and Nasdaq all down more than 1%, the big question arises: Has the BankNifty pattern we’ve been discussing since last week finally completed? Are we about to fall below 50939, potentially slipping down to the 50300 support level? Only time will reveal the answers to these questions.
NSE:BANKNIFTYShort
by WaveTalks
3
Maruti Suzuki - Will it fly Above 12555 Disclaimer: This is not a solicitation to buy or sell. Consult your Financial Advisor before trading. ----------------------------------------------------------------------------------------------- As discussed earlier on 19th Aug ...Above 12555 ...Will Maruti Make An Attempt to Fly & Will it reach the upper trendline & make new highs beyond 13680 Will it Complete One of the Most Important ElliottWave Structure & Its pending Wave 5 on Upside What Level You Should Avoid Trading ? So Many Questions But Only time Know's the Exact Answer Catch Me in Next Episode of WaveTalks- Market Whispers! Can You Hear Them? ....
NSE:MARUTILong
by WaveTalks
5
BankNifty - Is this An Ending Diagonal at Tops 51404WaveTalks ...Market Whispers! ...Can You Hear Them? Disclaimer: This commentary is not a solicitation to buy or sell. Please consult your financial advisor As discussed this morning......catching the wave 4 bottoms & watching 5 unfolding in back to back ups & downs with a minor halt at 51251 have we unfolded an ending diagonal at the tops of 51404 Wave 4 Bottoms this morning close to 51000 as discussed Wave 5 - Is this an ending diagonal unfolded at the current high of 51404 Last Idea Published - Tower Bottom Unveiled We started this wave sequence close to 49651 discussed in the last idea - Tower Bottom Pattern Regards, WaveTalks
NSE:BANKNIFTYShort
by WaveTalks
11
Bitcoin - Classic Flat-Screaming for 72000 Target Upside Elliott Wave Flat Sequence with Wave C Ending Diagonal In Elliott Wave Theory, a flat sequence typically consists of three waves: A, B, and C. The pattern is generally labeled 3-3-5, indicating the wave structures. Wave A: A corrective three-wave move. Wave B: Another three-wave corrective move, often retracing Wave A by 90% or more. Wave C: A five-wave move, which can unfold as an ending diagonal. An ending diagonal in Wave C indicates a slowing momentum, often signaling a reversal. The ending diagonal structure usually forms a wedge pattern, tapering towards the end. This setup is crucial for identifying potential turning points in the market. Buying Trigger Above 66457 Target 71993 From WaveTalks Abhishek
CRYPTO:BTCUSDLong
by WaveTalks
2
Bandhan Bank -Potential Breakout in Progress (Upside Target-430) I suggested somewhere that market participants should start looking at this stock and hold it in their portfolio with an upside trigger of 265 and a final target of 430, to be reviewed later. No surprise – the stock has started moving from our desired zone of 155-175. What a low 169 . Will it cross 265 and later 430? Only time will tell. Pattern: Falling Wedge (Similar to Adani Wilmar as discussed earlier) Such patterns swiftly move towards its starting point. In this case it is 430 From WaveTalks Abhishek
NSE:BANDHANBNKLong
by WaveTalks
4
Nifty Explosive (Part 3): From 22,000 to 23,000 in Record Time! Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? ----------------------------------------------------------------------------------------------- Nifty Index Outlook - May 24, 2024 Overview In our last analysis, we emphasized the importance of having both a primary plan (Plan A) and an alternative plan (Plan B). This approach prepares us for achieving similar outcomes through different routes. If Plan A fails, we quickly switch to Plan B. A strong alignment between both plans often predicts significant market movements. Recent Market Movements In our last discussion on the Nifty Index in the "Nifty: Explosive Part 2 - Towards 23,000+" series, we predicted a rally if the Nifty crossed the 22,000 mark. Indeed, Nifty surged nearly 1,000 points in just 10 days, closely aligning with our predictions and nearly touching the 23,000 mark. Last Idea - Nifty : Explosive Part 2 - Towards 23000+ Current Market Outlook Key Levels to Watch: - Immediate Resistance: 23,000 If Nifty surpasses the 23,000 mark, it will confirm that the bulls are in charge, echoing the market optimism that began in early 2014, a period that marked a significant turning point after years of struggle. Future Expectations Looking ahead, the next crucial juncture is whether Nifty can sustain its momentum above the 23,000 level or if it will face resistance. Surpassing 23,000 would be an extremely powerful signal, indicating readiness for a significant breakthrough before the 2024 General Election results are announced. Facing resistance below 23000 mark, a pause & bulls come back before election results are out on 4th June 2024. Conclusion The Nifty Index's performance has closely aligned with our previous analyses, demonstrating strong potential to surpass the 23,000 level. As the market approaches this critical threshold, our dual-plan strategy continues to guide our expectations and strategic decisions, ensuring we're well-prepared for various market scenarios. From WaveTalks Abhishek
NSE:NIFTY
by WaveTalks
4
Auropharma - Can You Catch Wave Top ,Recognise This Pattern ? Elliott Wave is a such an amazing scientific method, if you apply them & be humble & open to what market tells you, you are going to be rewarded like catching all the waves. Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? From WaveTalks Abhishek
NSE:AUROPHARMA
by WaveTalks
6
Comex Copper = Explosive Nifty to Unfold in 2024 ?Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? ----------------------------------------------------------------------------------------------- Copper Outlook --------------------------- 1. Setting the Stage for Explosive Moves: - Copper is recognized as a barometer of economic growth, and its performance can provide insights into broader market movements. - In January 2023, I predicted copper would see explosive growth in 2023-2024. This was confirmed in November 2023 when the corrective wave 2 completed in a truncated wedge pattern, providing a strong foundation for significant gains. Comex Copper in Nov 2023 ( Explosive Wave to Unfold Next?) --------------------------------------------------------------------------- 2. Rising Demand: - Copper cathode demand reached 598,000 tonnes (81.2% of the previous year's total) by November 2023. - Imports of copper cathode, scrap, and wire rods soared by 174%, 56%, and 13% year-on-year, respectively. - This robust demand hints at double-digit growth in FY24. The Indian government's focus on infrastructure, clean energy, and consumer spending is expected to sustain this growth. 3. Production Challenges and Future Solutions: - India's smelting capacity was halved due to facility closures, turning the nation from a net exporter to a significant importer. - The upcoming Adani smelter (5 lakh tonnes capacity) and potential reopening of the Sterlite smelter in 2024 could help India reclaim its status as a net copper exporter. Nifty / BankNifty Outlook ------------------------------------- 1. Explosive Moves Expected: - The Nifty index started forming a well know rising pattern around the 18,800-19,000 zone in October to November 2023, suggesting a significant move ahead. This famous pattern was rising wedge. - This pattern was debated on WaveTalks as either an ending or leading diagonal, offering different implications for future market moves. 2. Elliott Wave Analysis Insights: - Applying Elliott Wave Analysis gave clarity to potential market paths, allowing for strategic decisions at tops and bottoms. - As patterns unfolded as expected for Copper, the market outlook became increasingly clear for equities as Copper is a barometer of economic growth. 3. Conclusion: - The Indian equity markets, particularly Nifty and BankNifty, appear set for more explosive moves. - Time will reveal how far the markets can go, but the whispers of the market suggest significant growth ahead. Signing off from WaveTalks: Market Whispers! Can you hear them? From WaveTalks Abhishek
COMEX:HG1!Long
by WaveTalks
18
Auropharma : Riding the Wave: StockJumps from 397 to 1000 October 13, 2020: Identified a B-Wave shift in Auropharma (TradingView Idea Published as mentioned below), predicting a decline from highs of 1065 to lows of 397- was looking for Wave -C Downside. These are complex corrections so I changed them to X-wave (instead of B-Wave) January 30, 2023: Noted that Auropharma was close to completing an Ending Diagonal, which eventually ended the fall at the lows of 397. Ending Diagonal as per New School Analysis or Wedges as per Old School or Traditional Analysis are classical patterns which suggest that the structure is about to end & sooner or later opposite side move will start. This is the reason, why I picked this stock as portfolio stock for 1000+ as the ending diagonal started from the highs of 1065 which was most likely to get retraced 100%. February 27, 2023: Published an idea on TradingView suggesting Auropharma was preparing for a rise to 1000 as stock made a low of 397 & started rising. A classical example of V-Shaped Recovery on Monthly Chart using wave analysis. November 18, 2023 (Today): Auropharma achieved the target, touching over 1000+, just a few points shy of the previous high of 1065. This journey of Auropharma's stock is a real-world example of wave analysis in action and will be featured...story continues Regards, WaveTalks
NSE:AUROPHARMA
by WaveTalks
4
Short the SILVER(XAGUSD).Elliott wave analysis:- Impulse wave formation has been formed. 1,3,5 wave are impulse and the 5the wave was an Ending Diagonal. . if this wave has not broke above the 5th wave then we can go for short at CMP. stoploss@22.24201 if pattern failed then we have to wait and watch the wave formation. i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
OANDA:XAGUSD
by n0m0ret0ss
4
BankNifty - Rising Wedge Drama Unfolding (Careful at Tops 46310)Hello WaveTalkers As we approach the close of this trading week, we're spotting some intriguing patterns in the BankNifty Index. Wedge Drama Unfolding? - Without giving away too much, there seems to be a rising wedge forming at the current highs. - This might hint at a potential move towards a 45299 downside target. Trading Strategy Once Index falls below 46000 - It will confirm the downside bias but careful as it is weekend & consult your financial advisor before taking any trades Next Steps - As always, we're here listening to the whispers of the waves, guiding you to make informed decisions. - Before making any trades, do consult your financial advisor to manage your risks appropriately. Thank you for being a part of WaveTalks. Have a great weekend and happy trading! Best Wishes WaveTalks
NSE:BANKNIFTYShort
by WaveTalks
20
BankNifty:Tale of Triumph and Trials,Bulls or Bears-Which Side?Netflix - Scoop The riveting Netflix web series "Scoop" brought to life a powerful saying from the book **"Behind Bars in Byculla: My Days in Prison" by Jigna Vora**. The line, **"If someone says it’s raining, and another person says it’s dry, it’s not your job to quote them both. Your job is to look out of the window and find out which is true" is a fitting metaphor for our exploration of the BankNifty index.** Here, we don't just parrot what others say, we strive to unravel the truth behind the numbers and the patterns. **The story began at WaveTalks**. On the 25th of July, 2023 we published an enticing TradingView idea focusing on the BankNifty Index and outlined an **Expanded Ending Diagonal** . For the adventurous risk takers, we pointed towards potential targets: - First stop at 46155 - A second milestone at 46263 - The final leap to 46369 The narrative took a thrilling twist on the 27th of July, 2023 . The Index raced towards our 3rd target, pausing just short at 46310. Then, it took a breathtaking nosedive, shocking the bulls with a Niagara-like fall from the highs of **46310 to the lows of 45238**. **Now, traders are left wondering, "What's next?" The markets never sleep, so our story continues...** **On the larger timeframe-4 Hour Chart** We're seeing the formation of a tantalizing pattern - a potential rising wedge once again. **But here's the caveat**: **the Index needs to hold its footing at the crucial psychological level of 45525 to bounce back upwards.** **If we stand firm above 45525**, we're looking at an exciting upward trajectory: - First target at 45790 - Second target at 46300 - Third target at 46500 - **And if we cross beyond 46500**, we're aiming for a final target between **46900-47000+**, coinciding with the completion of the wedge pattern. **Here comes the thrilling climax**. **What happens after reaching a new all-time high?** Brace yourselves as we could see a rerun of the Niagara plunge from the 27th of July, 2023. From the new all-time highs of around 47000, the Index could potentially tumble to 43345, as marked by the menacing black arrow downside. **WaveTalks** wishes everyone a joyful weekend! As we delve into the narrative of BankNifty, we ask you - are you siding with the bulls or the bears? Stay tuned for more, and remember, it's not about echoing what others say, it's about understanding what's unfolding in the market.
NSE:BANKNIFTY
by WaveTalks
18
BSE Sensex Ending Diagonal CAUTION!Attached: Sensex Daily Chart as of 19th June 2023 The Ending Diagonal is more evident and clean in BSE Sensex rather than NSE Nifty 50 (although you can observe in Nifty as well), which is why I have chosen to share the Sensex Chart Observe: - A well defined trend line with multiple touch points - Presence of a Bearish RSI Divergence - Daily MACD already in Sell mode All that is needed is break of Today's Low and a Close below it (which would also give the Trend Line breakdown simultaneously) and then that would activate the Ending Diagonal/ Rising Wedge Breakdown The First Downside Target for this pattern would be point b which comes to 62380🎯📉
BSE:SENSEXShort
by T_Harth
BankNifty - Unveiling the Magic of Wave Analysis Near ATH-44151Introduction In the world of financial markets, technical analysis plays a crucial role in understanding market trends and making informed investment decisions. One powerful tool in this domain is wave analysis, which has proven its accuracy time and again. In a recent BankNifty analysis, wave analysis beautifully predicted the index's movements, providing traders with valuable insights. This article will delve into the fascinating details of this analysis, its striking coincidence with the actual market movements, and the subsequent implications for the BankNifty index. The Coincidence: Wave 5 and the All-Time High on short term Wave analysis involves identifying patterns and cycles within price movements. In the case of BankNifty, the wave analysis successfully anticipated the index's behavior, specifically focusing on the relationship between Wave 5 and the all-time high (ATH). Wave 5 is the final impulse wave in Elliott Wave Theory, representing the last leg of the uptrend. As per our last update **BankNifty's- Danger: Is this A Rising Wedge?– Time to Rethink** Astonishingly, the analysis predicted that Wave 5 would measure 62% of the distance covered by Wave 1-3, precisely at the level of 44085. The BankNifty index then surged slightly above the projected level, reaching 44151.70—a mere 0.10 points shy of the ATH at 44151.80. This near-perfect alignment with the projected level served as a testament to the accuracy of wave analysis. The Dark Cloud Cover Pattern: A Warning Signal Building upon the foundation of the initial analysis, the subsequent market movements confirmed the reliability of wave analysis. After hovering just below the ATH, a bearish candlestick pattern emerged, known as the Dark Cloud Cover on daily chart this week. This pattern consists of an opening above the previous day's high or close, followed by a price decline, closing below the midpoint of the prior candle. The Dark Cloud Cover, observed in the BankNifty index, provided a firm footing to the analysis, indicating that the index was likely to halt temporarily below the ATH of 44151.80. It acted as a warning signal for traders, highlighting the possibility of a reversal or consolidation in the index's upward trajectory. The Downside Move: A Potential Shift in Sentiment The subsequent session on May 17th witnessed a follow-up downside move, confirming the analysis's predictions. The BankNifty index slipped from 43950 to 43446, experiencing a significant fall of approximately 500 points. This downward movement hinted at a potential shift in sentiment, as market participants reevaluated their positions and adjusted to the prevailing conditions. However, it's important to note that the index bounced back from its lows and closed at 43748, indicating that the downside move might not be fully established yet. Traders and investors need to closely monitor future market developments to assess whether this downward momentum will continue or if a reversal could occur. The Road Ahead In conclusion, the recent BankNifty analysis using wave analysis techniques has showcased its effectiveness in predicting market movements. The coincidental alignment between Wave 5 and the ATH, followed by the emergence of the Dark Cloud Cover pattern and subsequent downside move, confirms the importance of technical analysis in navigating the financial markets. As the BankNifty index navigates these critical junctures, traders and investors should remain vigilant and adapt their strategies accordingly. The interplay between technical analysis, market sentiment, and fundamental factors will determine the index's future trajectory. Thanks for reading.
NSE:BANKNIFTY
by WaveTalks
6
BankNifty Tidal Wave- Ride or Crash? 15th May 2023Welcome back to another episode of Wave Talks. Bank Nifty's Tidal Wave -Ride or Crash: Index can face a significant shift with the unfolding ending diagonal. Will you ride the wave to profit or crash on the shore? Unfolding wedge pattern It's time to reconsider Bank Nifty's pattern as it poses a risk. Let us discuss in details price objective & outlook for next few weeks with key & critical levels for better risk management. Last Idea - BankNifty's Danger -Is this a rising wedge
NSE:BANKNIFTYShort
by WaveTalks
10
BankNifty's- Danger: Is this A Rising Wedge?– Time to RethinkEarlier in The Day - When Magical Level of 43350 Holds Ending diagonal Also known as an ending wedge, is a term used in the field of technical analysis to describe a specific chart pattern that signals the end of a trend or price movement. This pattern is characterized by converging trendlines that form a wedge shape and typically consists of five waves, with the third and fifth waves being smaller than the first and second waves. Rising wedges are bearish reversal patterns that often signal the end of an uptrend, leading to a decline in prices. Few classic examples from history where rising wedges have occurred, and financial instruments have collapsed: 1. The Dot-Com Bubble (2000): 2. The Global Financial Crisis (2007-2008): A rising wedge pattern emerged in the US housing market and various mortgage-backed securities leading up to the financial crisis. 3. The Crude Oil Crash (2014-2016): Crude oil prices experienced a sharp decline between 2014 and 2016 due to a combination of oversupply and weak demand. A rising wedge pattern was evident in crude oil prices before the crash. As a trader, it is essential to be cautious and aware of potential risks when trading financial instruments that exhibit rising wedge patterns. Some tips to keep in mind are: 1. Stay informed about market trends and technical analysis patterns to identify potential reversal signals, such as the rising wedge. 2. Keep track of economic data, news, and events that could impact the financial instrument you are trading. 3. Practice proper risk management by using stop-loss orders and position sizing to minimize potential losses. 4. Diversify your trading portfolio to reduce the impact of a single financial instrument's collapse. 5. Remain disciplined and follow your trading plan, ensuring that you do not give in to emotions like fear or greed. 16th March 2023 :Last idea - Truncated Pattern Are Really Explosive : BankNifty
NSE:BANKNIFTY
by WaveTalks
11
Nasdaq 100- Double TOP!Attached: Nasdaq 100 Daily Live Price Chart as of 28th March 2023 Pretty Straightforward Chart: - Price rejects for the 2nd time at 0.382 Fib, this is a Double TOP Sell Signal - Elliot Wave Count shows Corrective Bounce complete in form of WXYXZ with C wave of Z being an Ending Expanding Diagonal - Price puts in a Higher High but RSI puts in a Lower High, aka Divergence Holding below the round figure level of 13000, the Nasdaq (NDQ) is a SHORT for a Downside Target= 11700 & below...
TVC:NDQShort
by T_Harth