Nifty Ups and Downs caught right!Just to showcase how these two TradingView indicators, help in identifying the trend, right when it's changing.
See how these indicators work across various TF.
Indicators used:
1.ORB TinyBeast
2.ORB Impulse Hunter
Impulsewave
USDINR #Elliot Wave AnalysisVIEW:
USDINR appears to be poised for an up move as per Elliot Wave Analysis.
STRUCTURE:
Impulse(1-2-3-4-5)+Correction Sequence
Trading Plan:
Entry -- as nearer as possible to invalidation point with proper risk management according to one's risk appetite.
Exit -- at or near or in the target zone as shown in the chart.
Stop Loss -- Invalidation point
Good luck--Happy trading
Power of Impulses : KENNAMETALDisplay of Power of Impulse on Lower Time Frame.
Consolidation at arounf 950 levels. Then an Impulse on M30 and M15 Timeframes
and Boom! Locked at Upper Circuit 20%
ITC - 200 to 240-Amazing Wave Journey200 was the key level identified. Hope you all enjoyed the wave. Above channel it becomes more bullish or take care if channel halts or stops the move.
Last Idea on ITC
TataElxsi- It's Elxsi or Expanding! Bottoms Picked at 2408Recap from Last Idea-
Bottoms picked in 2400-2425 (Support Zone) suggested @ 09:46 Hrs / 25th Jan2021- continue...
Structure unfolding as expanding structure with key level- 2530 (suggested in last idea) & critical level-2408
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Trading Strategy
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Plan A -
Buy Above 2735 for 2850 & strictly above 2850 for 2950-3000 zone
Plan B -
Buy with stops below 2530 for 2735 / 2850
Plan C -
Sell once stock falls below critical level- 2408 for target 2280 / only below 2280 for 2025 / only below 2000 for 1525
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Last Idea Published @ 24th Jan2021
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You need to know this about Elliott Wave!Elliott Wave Cycle is formed up of a total of 8 waves (5+3 waves).
Waves 1 to 5 are counted in the Impulsive phase.
Waves A to C are counted in the Corrective Phase.
3 Golden Rules of Elliott Wave:
1. Wave 2 cannot overlap wave 1.
2. Wave 4 cannot touch the territory of wave 1.
3. Wave 3 can never be the shortest.
5th Wave Failed(Why) in Elliott Wave - Truncation(What)!Truncation learning - shortening something
That why Elliot used the word failure shorter 5-wave compare to 3rd Wave, forever it does not move beyond or higher the end of the third. We prefer the less connotative term truncation or truncation fifth wave as illustrated in the chart.
Reason of Truncating in 5th Wave:
In the bull market, weakness in price & Strength in price for Bearish market
Symmetrical Triangle - Breakdown (Follow up)Trend continuation happened after undergoing a triangle correction wave.
I'm just a beginner trying to learn Elliot waves.
Elliot waves from Oct 29 Great ExampleWe see:
0-1 Impulsive wave
1-2 Triangle correction wave
2-3 Impulsive wave
3-4 Correction
4-5 Ending Diagonal wave
And the immediate fall
let's see what thing the stock respects: wave or channel?hello guys :)
came back with a new Idea and I think so that many of you have doubts about this stock like when and where to enter?hold or exit? etc...
I also posted previously Idea that you can enter in this stock;that time it was 800 to 850 levels...
I also bought this first @830 and after that I also bought @726 as I founded it bullish according to my analysis.
but sorry guys I forgot to post an Idea on this :(
now you can see the chart that the stock made a channel and also an elliot Impulse wave.
now what will it respect?and when to enter,exit,or hold is given in the chart.
Thanks for viewing this.may help you :)
Aniket
Banknifty In Uptrend 5th Impulse Wave of Leading DiagonalAs explained in previous chart we were able to pin point Banknifty's down move.
Downward wave four 4 was double zig zag correction which completed near 24404.
We are witnessing now final Wave 5 impulse of leading diagonal and currently in wave iii which should extend 2.618=24785 to 25000.
There will be sideways correction next may be till 23500-23300.
Final Wave 5/v should reach 26361 Fibonacci 0.618 retracement from march low or bit higher for 27000.
As it already moved very rapidly Invalidation level is deep and high of wave i viz. 21811
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
I am holding banknifty etf from 21000 levels
TATA COFFEE : HAVE SOME COFFEE TATA COFFEE : The stock is travelling in a impulsive channel & currently the wave 3 is unfolding. As per the internal structure we can clearly see that, the wave 3 is being extended & look like it has completed its 4th of third wave. So we can expect an upside move in the stock to complete its 3rd wave. One should look buying opportunity if the prices sustain above 114 levels & look for the higher target zone as shown in the chart.
GOLD: short term: Triangle formation for terminal thrustAs per short term view, GOLD is in the last phase of corrective wave-y, which is unfolding as an impulse. Currently the price structure suggests that there is a formation of a triangle & this triangle is being formed as a wave-4. This wave-4 triangle formation often takes place as a preparation of terminal trust and after that the 5th wave of the impulse get started.
As long as GOLD prices are above 1960 level , one should go long for the target zone of 2050/2150/2190.
Invalidation level : 1960
For long term scenario on GOLD: refer to the attached link .
Bandhan Bank to start fresh Impulse WaveStock post touching 650 broken Consolidation started going south till 152.
From 152 it made retracement fib levels 0.5 completing first 5 wave impulse
Right now stock trading in parallel channel and expected to respect it as Volume dropping and wave C could be coming to end near 270 which is again 0.5 Fib level of impulse.
Long all dips towards 270
Short term STOP LOSS 248, For Long term bigger Stop loss of 195 on daily closing basis.
Expecting impulse 5 waves to start soon with short term targets 368,396,432(possibly wave 3).
Long term positional target 521 (80%+).
Disclaimer: Calculated and plotted values may differ from actual stock movement. Plotted wave count can be wrong. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading.
Please hit like button that will motivate me to do more. You can donate Trading view coins as well. Thanks :)
Adani EnterPrise Likely to have a pullback!A strong impulse Elliott wave pattern can be identified. You could go short since a pullback can be seen. It is in a bullish zone but as we know pullbacks are necessary. If you want to hold for a long then may buy on dips from this pullback.
Adani Enterprise likely to have a pullbackA strong impulse wave can be identified according to me. A short position for a couple of days might be good. Also the trend is bullish so a pullback is likely to happen
Lupin: going to make the 5th impulse wave1. wave count spotted
2. wave 4 (3 wave correction) finished with a bullish divergence (23.6% of the extended wave 3)
3. high probable impulse wave 5
4. once it breaks out of the channel - confirmed
Weekly chart:
Cipla - Harmonic ShortCipla has an impending short long looming over it. It has had a good strong upside run in the past month
Seeing a PRZ at 726.55 as per harmonics. Do have a look at the price action around these levels to see weakness. SL around 732/733 levels. So, I would take a minimum 1:1 R:R or better (per your appetite)
If doesn't show weakness there, next levels to see are 732/740 to search for a weakness
#Disclaimer: Consult your financial advisor. This is for educational purposes only. Trail diligently
Happy trading everyone!
Axis Bank Analysis SharedHiii this is trader kanishk
today Axis bank
we dont have to buy these type of stocks
still
watch this full video
important information shared.
thank you.
Apollo Hospital Trade Setup !!TREND ANALYSIS & TRADE SETUP !!
Wave Analysis !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 6-8 times.
nifty bull or bear??? 28th aug set upas per my view there are two scenario one is Yellow view , as per this there are two more wave up to finish the impulse and then the down trend
and the second scenario is green one as per this view impulse is almost finished in just one more up side wave, after that down trend will follow for atleast some more time
NZDUSD LONG!!Prepare for NU BUY
As described before price was retracing and now it has came around 61.8% of the original impulse, So now we'll have to prepare for the BUY.
I'll looking for BUY entries around 0.6760 price level, apparently which will also complete the 5 wave structure.
Good Luck
