EWT
sbinforming 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.
allied digitalSoftware 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 rs.
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BUYING PRICE -25 ,Stoploss- 10
this triangle took 4 weeks to form. after breakout it can show a good move.
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ANOTHER VIEW
it has formed cup with handle and this formation is 1 year formation so after breakout it can give you 100% of return.
bank niftyonly for study
according Elliott's wave theory it has completed its 1st cycle perfectly.
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and have a look at its bar ..... aporox 144 bar are there
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So lets assume 5th wave as 1 wave of its higher degree
and 8th wave as 2nd wave of higher degree
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Now there can be some consolidation in 2nd wave ... but after breakout we can assume that it will give an awsm rally for 3rd wave
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THANKS ..
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zeel beutifull pattern(intraday)below 220.31
target 1 - 215.99
target 2 - 211.60 and 210.60
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In Long term it is very weak .
it will be good to play short-short
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manappuramElliot wave formation with top head and shoulder .
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it is making 8th wave according to Elliot wave theory
sell @145
target will be our next support which is 135
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PLSS LIKE AND COOMENT IF I AM RIGHT.
THANKS
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jubl foodi have drawn it for study but if you want to trade then you can also trade on this in future and options
bpclwave 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
whirpool symmetrical pattern if wave 4 cant cross 2173.15 and breaks 2139.65 .... then according to Elliot wave theory it can go for 216.8 % retracement and can touch 1870
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Sell @ 2010-2000 ---------- target 1870
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And if it doesn't break 2139.65 and cross 2173.15 then it can touch 2306 and then 2500.
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buy @2225-2230 -------- target 2306 & 2500
Nifty is in Expanded Flat ABC, C is in the progress ...According To The Elliott Wave Principle,
All these 3 legs are part of an Expanded Flat ABC, where C is in the progress. . .
PC Jewellers looks bullish, it is riding the wave 3.EW analysis in weekly, shows it is in wave 3 now, wave 2 was a flat correction, with a shallow retracement. So wave 3 should be extended here.
wave 3 projections shown here.
