a movement of 7 waves in Indusind bank which may be a double zig-zag. last wave named as Y , in this wave it is making 5 impulsive wave. --------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------- 5th impulsive wave may end near...
NSE:BIOCON
BITSTAMP:BTCUSD
Confirmation is necessary ! OANDA:XAUUSD
for short term buy @ 170.40 as shown the target will be end of parallel channel.
forming zig-zag where Wave B retraced from 68% of Wave A. wave can retrace upto 50% but 38 % is 230. so for we can buy it @ cmp for target 230. and then it will move for wave 5.
Software company having book value 98 which is very high and it may form double bottom if we see it in monthly time frame . but at the end it has made 5 wave of Elliott , after the 5th wave it has formed contracting triangle . if it breaks out then buying price will be 25...
Sharing some understandings of EWT on this chart
below 220.31 target 1 - 215.99 target 2 - 211.60 and 210.60 ------------------------------------------- In Long term it is very weak . it will be good to play short-short ----------------------------------------------------------
Analyze And Understand This Very Important Chart Deeply ! :) NSE:BAJAJFINSV
Beautiful Picture And Beautiful Risk To Reward Ratio !
Elliot wave formation with top head and shoulder . ------------------------------------------------------------------ ______________________________________________________________ it is making 8th wave according to Elliot wave theory sell @145 target will be our next support which is...
i have drawn it for study but if you want to trade then you can also trade on this in future and options
wave 2 has a retracement of 78.6%. the 3 wave is not extensive but normal which has a retracement level of 161.8%. the retracement of wave 4 is 38.2% still the price spends more time on wave 4. if you want to grab the profit, you need to ride on the wave 5 which has a retracement level of 61.8%. there are high chances of wave 5 to be extended. target 525