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Fibprojection

Force Motors - Daily TF - Long TermThis is the Elliott wave analysis of Force Motors on DAily TF, below are the inferences - 1. Stock is in C wave, which is the end of correction after an impulse. 2. It can still continue correction further after creating the bottom. This correction might be time-wise or sideways correction. 3. But currently, the C wave is yet to be completed. 4. Projections or Targets of C wave are marked as Fib extensions. 5. After the correction (price + Time), stock can start next impulse but that will take substantial time from now.
NSE:FORCEMOT
by KunalSaxena10
SBI - 1 Hr- Elliott WaveHere is the Elliott wave analysis of SBI on 1 Hr Tf, the following are the inferences. 1. Security is in the downtrend. 2. Wave C is getting completed, major correction is going on. 3. Wave C is generally impulsive in nature, i.e results in sharp correction either time/price-wise. 4. First target already achieved. 5. 2-3 targets marked with fib projections. It might also change direction for an up-move, but that will be a sell-on-rise opportunity until a proper impulse starts upwards. Views are personal, only for educational purposes! Please don't treat this as trading advice.
NSE:SBIN
by KunalSaxena10
Nifty: FIb Analysis -- Play with numbersI am not a bear..I don't want market to go down BUT it is what it is and we have to follow the trend AND the current trend is down..right? So whatever targets we project will be on the downside. The 50% retracement has been an important reversal area in the past corrections.. see my older posts, so we can assume that it can act as a solid support in this downfall too. Not only that we have a number of other fib confluences near that level (see chart) so that could add some extra cushions to support the markets. For investors and traders the value zone represented in the chart may be an important belt to pump money into the markets. Hope this analysis would help investors and traders in prudent decision making. Regards Bravetotrade
NSE:NIFTYEducation
by Bravetotrade
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