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Ending Diagonal

Nifty- WaveTalks: E-Wave Pending ( Rising Wedge +Critical level)From the last idea- WaveTalks: Nifty-Can Bulls Bounce Back?- The Irregular Triangle Few Adjustments done. Wave- D has been changed to 17941 Highs as discussed over the last idea. ------------------------------------------------------------------------------- Since Morning @ 8th Oct2021 - How Index unfolded ------------------------------------------------------------------------------- It could be part of the corrective structure. D-Wave could be complex correction & possibly may end as Ending diagonal (Rising Wedge) in the last part (strictly valid only below 17950) --------------------------------------------- Why 17950- is Critical level??? --------------------------------------------- Irregular Triangle B-Wave High is 17948 crossing above that level structure invalidates & has to be reviewed again. -------------------------------------------------------------------------------- As discussed in the last idea suggested above for reference. 150 + Points in the session so far achieved -------------------------------------------------------------------------------- Selling below 17950 - dropped 100 points came to 17840-17850 zone Suggested Minor Support Zone 17840-17850 - If zone holds then bounce can be expected - got the bounce to 17930+ Keep in mind the critical level - 17950 & E- Wave Pending if 17950 is protected. Thanks
NSE:NIFTYShort
by WaveTalks
19
M&M FINANCE: Bullish (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. Trading Strategy: Buy on cmp , add on dips , keep SL of 150 & look for the target of 173/180 zone
NSE:M&MFINLong
by TradingSutra
7
WaveTalks-Nifty-The Evening Star / Wedge CollaborationThis short video explains how the evening star turns into a wedge pattern. If correct, downside 16590 was critical support, holding above Nifty could bounce back again to 16680-16700. On the upside, Holding below 16712 highs, It can attempt to fall back again to 16615-16625 & assuming that if Index falls below 16590-critical support, it can fall to 16500 / 16440 / 16400 levels When you splash around the water, you get to hear a peculiar sound which you heard over the video at the start. I have compared that sound of up & down in Nifty Index to water pool splash. This scenario in technical analysis is called a wedge pattern What Is a Wedge? A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series throughout chosen periods. The lines show that the highs and the lows are either rising or falling giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action. Elliott Wave Analysis These wedges are further classified as Type 1 / Type 2 diagonal (wedge). Depending on the position of the structure unfolding. They are called (Type 1)Leading Diagonal – Start the price move (Type 2)Ending Diagonal - End the price move ------------------------------------------------------------------- Last Video Idea - Nifty Bearish Bat Harmonic Pattern -------------------------------------------------------------------
NSE:NIFTYEducation
by WaveTalks
15
GODREJCP : 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. Properties of ending diagonal : Wedge shaped structure (in case of contracting diagonal). The subwaves of all the five waves should be in three wave structure. Wave 3 should be shorter than wave 1 | Wave 5 should be shorter than wave 3 | Wave 4 should be shorter than wave 2 Trading Strategy : Sell near 1000-1005. keep stop loss of 1025 and look for the target of 940/900/875
NSE:GODREJCPShort
by TradingSutra
#MRF - Rubber meets the road - 6 figures ahead !!A detailed Elliottwave correction is labelled. A large wave 3 impulse was followed by an expanded flat Wave 4. We may have just completed a wave v or 5 of c of C of 4- which has taken the shape of an Ending diagonal. This has also ended at the previous Wave 4 which is typical such corrections. This seems to have ended wave 4 - a large ABC expanded flat. If the price shows strength and moves above 83,400 - look for a upward break of 1,00,000 and beyond
NSE:MRF1!Long
by SolomonsView
SAIL Ending diagonal in 5th waveLong 75 stop loss 67 targer 92-112 DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment 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. I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:SAILLong
by Niftydirection
Reliance - Ending Diagonal Finish (Sell Below 2100) • Safe Traders Sell Below 2050 – Target Downside – 2025 / below 2025 –Target -1980-1990/ Below 1980 Target- 1927 / Below 1925 Target – 1890-1900 / Below 1890 Target – 1830 / Once Double Bottom gets broken then stock may slip to 1650-1700 zone which I have suggested since Oct-Nov2020 • Risky Trader They can sell if stock holds below 2100 or as close as possible to 2100 • No Trading If stock crosses above 2100 – we will avoid taking sell or short trades.
NSE:RELIANCEShort
by WaveTalks
51
DrReddy - What A Fall 5400 to 4400- What Next?As per last update suggested an hour back on previous idea mentioned below (DrReddy- Dramatic Selling from 5400)- avoid selling if stock holds or crosses back above 4400 -------------------------------------------------------------------------------------------------------------------------- Trade active: 12:06 Hrs / 2nd Feb2021 Last @ 4406 Avoid sell if it holds or crosses above 4400 as later crossing above 4470 - upside Reddy will get ready for 4650-4700 target zone Sell only below 4400 as suggested earlier. Thanks --------------------------------------------------------------------------------------------------------------------------- Next Buy Only Above 4670 (For Safe Traders) - Next Up move may start for targets 4650-4700 zone ---------------------------------------------------------------------------------------------------------------------------- Last Idea - DrReddy- Dramatic Selling From The Tops 5400 ----------------------------------------------------------------------------------------------------------------------------
NSE:DRREDDYLong
by WaveTalks
10
Nifty Ending Diagonal About to Complete 11-Jan-2020Keep watch on level 14380-14428-14472 for reversal point Depending on above levels possible downside levels 14060-14080-14096 These targets are of 0.618 Fibonacci levels of length of Ending Diagonal Wave 5(4-5 orange colour). Below 0.618 move will trigger further fall next levels will be updated once top is formed 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)))))-------------------------------
NSE:NIFTYShort
by Niftydirection
Bank Nifty- Next Waves (Upside + Downside)- 1st Jan2021Happy, Healthy & Prosperous New Year2021 Last - 31235 / 15:23 Hrs/ 1st Jan2021 --------------------------------------- Trading Strategies --------------------------------------- Plan A Buy Close to 31200 (Stops - 31142)- Target 31400+ Plan B Sell Later - Below 31500 (Strict Stops - 31500 & Above) Target 31000 / 30500 ------------------------------------------- Last Bank Nifty Video - Connecting Idea -------------------------------------------
NSE:BANKNIFTY
by WaveTalks
9