Timeframe: 8h
Price started to form impulsive wave C after Bajaj Finserv completed correction wave B. There is also the possibility of altering the count with W-X-Y.
Wave (b) retraced 50% of wave (a), which signals intense supply pressure. If the price breaks wave (a) at 1621, traders can sell for the following targets: 1594 – 1569 – 1549 . Calculations are...
Nifty is forming in a descending parallel channel. Prices are building corrective pullbacks to manage demand pressure and fall from resistance since the start of the correction. Nifty has created a lower low at 15183 and given an upward move of 15927 .
Nifty has faced supply pressure on the upper band three times. It indicates that bulls are not exceeding...
Axis bank has been in the consolidation phase for more than 15 months. Prices fall rapidly after the crossover of 50 & 200 EMA . We can draw two control lines which can be helpful for target measurement.
If the price enters into the parallel channel, and after retracement sustains above 680 , traders can trade for the following target of 692 - 714 - 752 ....
Pokarna has completed its impulsive wave c of the corrective wave ((4)). Wave C has traveled 100% Fibonacci extension of wave A at 548 .
Currently, the price has broken down the A wave at 585. If it sustains below 585 , traders can expect the following targets: 558 - 536 - 505 .
505 is strong support because corrective wave 4 accomplish near the corrective...
Adani Transmission (Closing Price: 1869.9)
According to Elliott Wave projection, Adani Transmission price will hike and touch 2118 - 2304 - 2364 levels. And the day traders can expect 1920 - 1946 levels.
JSW Energy has been forming a downward channel for 22 weeks, and Elliott's projection illustrates the formation of a corrective structure.
Traders can short for the following targets: 289- 278 - 262
The corrective pattern started unfolding after a high of 408. Let's discuss wave formations and the Fibonacci relationship of correction.
Wave ((A)) is an...
#BANKNIFTY
Inverted h&S pattern visible and ready to explode from this levels too.
Simple and best structure visible targets are.
Neckline Breakout is needed 39500. entry above breakout level.
Targets can reach - 1) 41300 and 2) 43000
STOP LOSS Neckline 39500
Risk reward is very positive.
#long #banknifty @vivek_mashrani @TheBreakOut @Bullandbeartrading...
According to the Elliott wave principle, AB capital has finished the corrective wave ((iv)).
Price carrying on the impulsive wave (v), yet traders shouldn’t take the position without a proper signal.
If the price breaks wave (X) , the price will surely make a new high because it will give evidence of the impulsive move.
Price may take retracement as wave x...
Nifty has completed the law of similar action. It has broken the corrective channels and touched the lower band at 16892. Price has faced support on the lower band and responded with demand by touching the upper band.
At this time, the price is out of the downtrend channel.
In my previous idea, I have mentioned that if the price can't break the pivot point,...
Price is moving under the consolidation area for 225 days . It has finalized sub-wave (C) of wave ((4)). If price breaks sub-wave 4 of wave (C) of wave ((4)), it is the beginning signal of Wave ((5)).
We can get the following swing trade targets: 340 - 362 - 415
