This analytics i use Trad line, multi time farm confirmation, some of news etc. Lets check it and give me a feedback into to comment bellow. Like this idea as your wish.
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This stock has given good breakout on daily time frame as well as on weekly time frame, along with a good intensity of volume,
this is a newly listed stock and it is moving up impulsively, RK's Magic indicator is also suggesting to go long for forthcoming weeks,
Overall Wave Structure is also suggesting same on weekly Charts, all trend indicators are also aligned...
This stock is showing good power and strength to go more upside, once price closes above 1497 plus levels, then it can show more strength to go further up side,
Bullish crossover in weekly macd can put the bulls in a dominant position. on daily chart swing low of 1411 will be a crucial support to watch out for on the way down. One can go long at current levels or...
HDFC is looking good for investment purpose as per waves analysis.
First price should give breakout above current 0-X Trendline.
Wave structure says everything, Let price say something aligned with it, then its confirmed Investment pick.
Overall structure can be unfold as below
Unfolded waves structure
let price breakout this line
I am not...
Howdy Traders and investors !
you are showing reliance 1 day timeframe chart.
I have analyzed this chart with Elliott wave principle.
so shall we direct jump on pull ?
shallow ends first !!!!!!!!!!!
I have liable impulse phrase from November 2016 to September 2020.
before 2016 data of chart it quite deceptive and I always ask my self that do I recognize...
A double bottom below the 17000 mark it is, pending some price confirmation. If you think that the most recent decline is a 5 waves down and more selling is due then this alternate count will get vindicated when Nifty moves above 17490. That is the final confirmation that we have a bottom in place for the time being. Then we can think about the bullish alternate...
M & M seems to be entered in second Elliott wave with Targets 865 - 935 - 1054 in short term.
Risk : Since Covid 19 cases continuously increasing and many states started imposing LOCKDOWNS.. It might turn into negative trend if it breaks support of 740. Next Support : 570-530
Note: This analysis is only for educational purpose.
Impulse waves also comes in many varieties such as first wave and 5th wave extensions apart from impulse waves where 3rd wave is extended. There's a brief summary of this concept in this video.
@8:00 please consider it as 15400 and not as 5400
It looks like the correction Phase is complete at wave (c).
focus on key levels will be beneficial. we are going to ride on wave 3.
wave 4 can't exceed the starting point of wave 1.
There is invalidation below 2044.
I will upload Lower Timeframe analysis.
# I am starting this series..... of shorts, where analysis will be even simpler and potential good trades can be activated :)
# Break of this triangle = a good long as per risk
# Gap up sustained = good long as per risk
# breakdown or gap down = leave the trade
# Risk only 1% to 2% of Capital :)
# Targets = 2% to 3% after breakout or top of the triangle :)