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Ending Diagonal

Bank Nifty-Short Term (Double Top Resistance)- Sell Below 40545From the last update- 40600 was the key level which halted the up move exactly & same level acted as resistance in opening session when index opened gap down. It travelled upside to 40605 close to 40600 resistance & dropped sharply down to 40378 -which is our critical level for upcoming sessions. Index has been choppy since the bottoms of 40280 & the waves looks corrective in nature. but we need price confirmation before taking any trades. Trading strategy Sell trade should be taken only if Index drops below 40545 - key level & we look for 40378 -critical level target downside & going below 40378 - our final target will be 40280 & 40000 (40K) Targets ( Active once index drops below key level 40545 as mentioned in Trading Strategy) 40378 40280 40000 Stoploss Once Index slips below 40545 & call activates - immediate high should be kept as stop loss which is currently 40685 Thank you for reading Check the related idea below
NSE:BANKNIFTYShort
by WaveTalks
12
BankNifty - Possible Ending Diagonal Scenario with Twist Ending Diagonal with a twist. As identified support zone 39550-39600. Index post falling from 40073 highs slipped to 39759 first / did some sideways & fall continued below 39759 to very important support zone & day low in the zone as 39564 Holding in support zone we expect Index to push once again 40K + target zone where you have to be careful. ---------------Not a trading call -------Consult your financial advisor before trading----------------
NSE:BANKNIFTY
by WaveTalks
13
GOLD Flat correction about to Complete! New High Awaits?Gold Wave 3 ended after Covid Rally at 2075$ then went in consolidation for long time. Wave 4 is in progress which is looking like Flat ABC correction which 3-3-5 waves pattern Wave B retraces 90% of A and then Wave C breaks low of A. Wave C is 5 wave impulse or diagonal structure Wave C in this case could be Ending Diagonal Pattern which is expected end between 1675-50$ After low near these levels one can wait for break of 1808$ to consider move beyond 2075$ If wave C goes beyond 1600$ mark then this Analysis will be invalid. DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
TVC:GOLD
by Niftydirection
EURCHF: ENDING DIAGONALTheory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1. Properties Of Diagonals: Diagonals can be contracting or expanding type being expanding diagonal a rare one. In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2. In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2. Types Of Diagonals: LEADING DIAGONAL ENDING DIAGONAL LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern. ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal has began. (generally it retrace back to the wave-2 of the diagonal sturcuture) TRADING STRATEGY: Buy EURCHF with SL of 0.955 and look for the upside target OF 0.9800
Long
by TradingSutra
Bank Nifty - Will if follow in the footseps of HDFC?Let's get started with this beautiful Sunday Morning with an exciting idea on "Bank Nifty - Will if follow in the footseps of HDFC" By the end of this short video, you would realise that BankNifty could be unfolding similar structure once done for stock -HDFC in early 2021 / 2022. Hope, this long term idea attempts to answer our colleague's @punterpk unsettling questions. Thank you. Have a lovely day ahead. Thanks for watching.
H
by WaveTalks
13
Crude Oil making Ending Diagonal in wave C of WXYCrude in WXY double zig zag correction. Currently wave C of Y in progress. All internal waves of C wave are overlapping one another that leaves only one pattern to be considered as "Ending Diagonal" or falling wedge Break of this pattern on upside would reverse price (at least temporarily as there is chance of Triple zig zag too) Looking at wave 5 of C we can say it could make one more low below 86.82 but if goes too deep 77.5 then CHART Invalid. Would wait for confirmation Above 95 to head towards 114 which is starting point of Ending Diagonal in wave C DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
TVC:USOIL
by Niftydirection
IRCTC: Case of ENDING DIAGONALTheory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1. Properties Of Diagonals: Diagonals can be contracting or expanding type being expanding diagonal a rare one. In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2. In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2. Types Of Diagonals: LEADING DIAGONAL ENDING DIAGONAL LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern. ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal has began. (generally it retrace back to the wave-2 of the diagonal sturcuture) TRADING STRATEGY: Buy IRCTC with SL of 557 and look for the upside targets of 700-710
NSE:IRCTCLong
by TradingSutra
18
USDJPY: A DIAGONALTheory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1. Properties Of Diagonals: Diagonals can be contracting or expanding type being expanding diagonal a rare one. In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2. In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2. Types Of Diagonals: LEADING DIAGONAL ENDING DIAGONAL LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern. ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal began.
Short
by TradingSutra
1
TORRENT PHARMA: Its a DIAGONALTRADING STRATEGY: Sell on rise keeping SL of 3230 and look for the target of 2530/2350 in coming weeks. Theory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1. Properties Of Diagonals: Diagonals can be contracting or expanding type being expanding diagonal a rare one. In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2. In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2. Types Of Diagonals: LEADING DIAGONAL ENDING DIAGONAL LEADING DIAGONAL : In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern. ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal, a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal beagan.
NSE:TORNTPHARMShort
by TradingSutra
2
WaveTalks-HDFC- Old Ways Leading to New Destinations-CCCOld Ways Leading to New Destinations ( New Results) - In this short video, we discussed old methods which could provide new results / new destinations. These Old ways / methods discussed are Channel / Trendline Chart Pattern - Head & Shoulder Correction ----------------------------------------------------------------------------------------------------------------------------------- HDFC Idea's Diary Published at TradingView in.tradingview.com
HLong
by WaveTalks
7
IGL - Sharp Corrective wave = wave - Long side Setup.As many of you know, I spend much of my spare time analyzing markets. Yes, analysis is my day job, but it is also my passion. So, whenever the weekend comes around, I spend most of my time in front of the computer to study price charts. Month Line-Chart Using Line-Chart for identifying long-term trends. The primary trend is up. A price middle of the parallel channel and is falling downside. Your long side trade will be referred to as the main or primary trade setup. Month Bar-Chart The support at or near the lower boundary line at the parallel price channel. Sometimes, the middle line would work as support also. This is essentially what I work with support at the bottom line or middle line. A price is near the middle line or a little below it. A trend is a downside in the range of parallel channels. Important Numbers - Month Chart A Significant Flip range - 345 to 364 for counter-trade. Month price chart - Elliott Wave Analysis . As you can see in the price chart, I labeled using Elliott wave principles and recognized that a price is trading in the corrective mode. More importantly, the wave ((ii)) is exactly 61.8% multiple & wave ((iii)) is just beyond the 3.618 extended ratio but wave ((iv)) is deeper at 78.6% which is not a common or expected ratio on log scale. A wave ((v)) is extended wave. 2 Days price chart - Ending Diagonal: Therese important support for pull-back - 366-64/351 & 284. A sharp correction has been occur after Ending Diagonal is terminated. The Ending Diagonal is terminating wave pattern. In real-time trading, I'll create trade-setups utilizing above supports. For instance, I ll look for pullback entry in price range from 351 to 364 long side but during the trading hours i always focus on price action to take action. Let's check whole Ending Diagonal and its characteristic before moving forward. The aspect of the Ending diagonal is not many people familiar with Is it a timing component. Ending diagonal terminates the resolution of the pattern is occurs within 1/3 to 1/2 the time it takes the pattern to form. What does that really mean? In this price, you can see ending Diagonal begin to end time was 365 bar and I expected whole move complete in time 1/3 (at 121 bars) OR 1/5 (at 272 bars) period of time. This is very informative and time sensitive method you look up on ending diagonal. I am also trading and looking 15min time-frame when i take entry.
NSE:IGLLong
by Trade-Technique
13
WaveTalks : Nifty - Can Bulls Come Back? 17800+ Parallel Channel Support + Important psychological level close @ 17000 - Can Bulls Come Back ? Holding above channel, Index can bounce to levels mentioned below Target 1 - 17300 Target 2 - 17450 Target 3 - 17620 Target 4 - 17690 Target 5 - 17800+ _______________________________________________________________ Last Idea - Ending Diagonal At 17795 - Fall to 17041 (Fall of 700+ Points) _______________________________________________________________ Thank You
NSE:NIFTYLong
by WaveTalks
21
Nifty-What A Crack 17600 to 17260-What Next ?-Ending Diagonal In old school method or traditional technical analysis pattern which rises & are messy in nature are called “wedge”. In Elliott Wave analysis we call it “Ending diagonal or Type-2 diagonal” which ends the current trend. Both terms imply the same thing – reversal ahead or next. Index has been in uptrend since key support 17260 which was suggested as Part -B plan in the last idea - "Leading Diagonal or Type-1 diagonal" The Sharp Fall from 17600 to 17260 & later bounce upside from 17260 was amazing moves for Index Nifty on Budget Day - 1st Feb 2022 & discussed over the last idea. __________________________ Trading Strategy __________________________ Plan A - Sell Below 17730 / Should fall below 17700 as well for confirmation. Target 1- 17525 Target 2 - 17245 Target 3 - 17075 if fall continues below 17245 ____________________________________________________ Last Idea - Leading Diagonal or Type-1 Diagonal ____________________________________________________
NSE:NIFTYShort
by WaveTalks
35
Nifty- Ending Diagonal-Buy trigger above 17960 Hello All, Index is doing all choppy moves between 18065 & 17800 zone ( which is ongoing or running). A possible assumption can be a falling wedge or ending diagonal. ---------------------------------------------------------- Markets don't work on assumptions ---------------------------------------------------------- As a trader, never assume any wave-counts / patterns / indicators unless you get a trigger point + you need to manage your risk post getting the trigger which is the very important step - Risk management --------------------------------------------------------------- Trading Strategy - Trigger & Stop Loss Levels --------------------------------------------------------------- ----------------------- Safe Traders ----------------------- [Buy Trigger is above 17960 / after trigger - manage your risk with stops below 17920 after buy trigger/ ----------------------- Risky Traders ----------------------- You are risky trader then look close to 17800 withs stops below 17750 & Targets mentioned below. Target 1 - 18065 Target 2 - 18135 Target 3 - 18318 Thanks
NSE:NIFTYLong
by WaveTalks
31