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...
Apollotyre has completed a sideways FLAT A-B-C correction. Wave C took the shape of an ending Diagonal. Price has headed higher post this in minor wave 1 and corrected in Wave 2. Look for a series of higher highs in the coming days to complete wave 3 and wave 5 of 5 . Price staying a 205.7 will be key for this wave interpretation to be valid.
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...
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...
Crucially, equality ratio can react as stiff resistance in Ending Diagonal triangle. for wave ((5)) = ((3)) at 517.9 and for, wave ((5)) = ((1)) at 514.95 Key Reversal zone - 511 Flat, a "sideways" correction is completing for wave "X". Unfold in three waves as ((A)), ((B)) and ((C)) blue generates a 3-3-3 internal signature in real-time analysis...
Getting Ready for next IMPULSE WAVE Strong Support 0.8300 levels Tripple bottom in LTF (4HR) RSI Divergence
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 ...
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...
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...
CRUDE OIL: EDNIGIN DIAGONAL : MY FAVOURITE ! Go long with day low SL 67.5 $ for minimum target of : 70.85 $.
Short Term View -Sell Nifty Below 15820 strictly target 15700 Not valid above 15820. Updated in the status. Thanks
Sell Trades Only Below 15900
Sell only below 15700 & 15680 which is required as confirmation levels for the trade to be active & downside we expect 15460 as target. Thanks
TREND ANALYSIS & TRADE SETUP ! WAVE ANALYSIS !! Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for ENTRY CONFIRMATION ! Reward is 5-7 times .
now nifty has made round shaped pattern with ending diagonal at supply zone and also there is zone over zone. which gives a good confirmation for sell. from now we will be bullish if it crosses 15450 and below 15450 -- bearish so a good fall fall is expected in market after completion of ending diagonal. PCR is 1.24 Indian VIX is @ 19.08
Careful at the Tops!!! Target done from last idea 14900 to 15137 - Selling gets confirmed below 14884 - Target 1-14591 / Target 2- 14415 / Target 3-14151- Happy Weekend!!! --------------------------------------------------------------------------------------------------------------------------- Last idea - Can This Be A Wedge ------------
Buy with sl of 153 tgt: 168/180
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...