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Leading Diagonal

GAIL is going to sail wave 5Gail looks to have come out of wave 4 and now making leading diagonal for starting wave 5. Leading Diagonal chart as below Upside potential of almost 60% expected targets near 230. One can look for lower target as well of 0.618 extension near 190. Details of entry exits and targets as per charts. 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. Not recommended to take FnO positions based on this analysis I may or may not trade this analysis. Details in description. -------(((((Please LIKE or Comment)))))-------
NSE:GAILLong
by Niftydirection
WaveTalks : Nifty - Can Bulls Come Back? 17800+ Parallel Channel Support + Important psychological level close @ 17000 - Can Bulls Come Back ? Holding above channel, Index can bounce to levels mentioned below Target 1 - 17300 Target 2 - 17450 Target 3 - 17620 Target 4 - 17690 Target 5 - 17800+ _______________________________________________________________ Last Idea - Ending Diagonal At 17795 - Fall to 17041 (Fall of 700+ Points) _______________________________________________________________ Thank You
NSE:NIFTYLong
by WaveTalks
21
Nifty - Possible Leading Diagonal / Bearish GartleyThe leading diagonal or rising wedge or type-1 diagonal, is a narrowing price move composed of two converging trendlines. If bottom or lows of 16836 & 16866 holds then Index can push upside tomorrow on account of Budget 2022 ----------------------------------- Trading Strategy ----------------------------------- ----------------------------------- Part A - Mixed Outlook ----------------------------------- Buy Above 17325 - Target 17410 / 17500 - Going into the PRZ (Potential Reversal Zone) Sell Below 17500 Only if Index halts in PRZ (Potential Reversal Zone)- Target 17260 ----------------------------------- Part B- Bullish Outlook ----------------------------------- Finally, Buy If Index halts & takes support at 17075 or look to buy close to 16865- Keep in mind these supports should not be broken. ------------------------------------- Last Idea on Nifty -------------------------------------
NSE:NIFTY
by WaveTalks
39
WaveTalks-Nifty-The Evening Star / Wedge CollaborationThis short video explains how the evening star turns into a wedge pattern. If correct, downside 16590 was critical support, holding above Nifty could bounce back again to 16680-16700. On the upside, Holding below 16712 highs, It can attempt to fall back again to 16615-16625 & assuming that if Index falls below 16590-critical support, it can fall to 16500 / 16440 / 16400 levels When you splash around the water, you get to hear a peculiar sound which you heard over the video at the start. I have compared that sound of up & down in Nifty Index to water pool splash. This scenario in technical analysis is called a wedge pattern What Is a Wedge? A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series throughout chosen periods. The lines show that the highs and the lows are either rising or falling giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action. Elliott Wave Analysis These wedges are further classified as Type 1 / Type 2 diagonal (wedge). Depending on the position of the structure unfolding. They are called (Type 1)Leading Diagonal – Start the price move (Type 2)Ending Diagonal - End the price move ------------------------------------------------------------------- Last Video Idea - Nifty Bearish Bat Harmonic Pattern -------------------------------------------------------------------
NSE:NIFTYEducation
by WaveTalks
15
HDFC: WaveTalks- Pattern / Patience & Penultimate Correction WaveCount --------------------------------- • 1-2 -3 -4 (Running Currently) - 5th Wave Expected Upside. • 4th Wave o Unfolding as Triangle having last leg - "e" wave close to end. o 4th Wave Triangles are "penultimate wave" means it is 2nd last wave & one more wave left in the structure which started from the lows of 1473 on 23rd / 25th March2020. • 5th Wave - Expected Next o 5th Wave can be explosive upside & can travel upside to 2900+ high in days & weeks ahead Traditional Chart Patterns ----------------------------------------------- • Cup & Handle Pattern o Valid Cup & Handle Pattern always has prior trend as uptrend. In current case it is tilted cup with handle which is valid pattern as prior wave ("b-wave) was uptrend from low@2365 to high@2896 o Bias - Positive • Inverse Head & Shoulder Pattern o This pattern has no such requirement like cup & handle pattern but prior trend if downtrend is always preferred as after consolidation it most likely has to reverse & move upside again once neckline is crossed. o Bias - Positive Moving Average -------------------------------------- o 200 DEMA ( Daily Exponential Moving Average) has been taken into consideration which seems to be quiet in sync with the stock move as supported multiple times post completing "wave-1" which got resistance exactly at 1921.90 ( approx.- 1922) o 1st support after completing Wave-1 was at 1907 which was exactly 200 DEMA support . o Taking support from 1907- stock travelled explosive upside in "Wave -3" which got completed at high@2777 o Wave- 4 unfolded as Triangle which is almost completed or about to complete with "e-wave" the final leg in the triangle. o "c-wave" in the triangle took support at 2354 which is again 200 DEMA support o "e-wave" in the triangle also close to 200 DEMA support. o Bias - Positive Stop Loss ---------------------------- • Stop loss should be below "c-wave" 2354 plus few points lower which can be taken as 2345 (10 points lower) or as per trader's judgement Target -------------------------- • First Target - 2650 which is "d-wave" of the triangle wave • Second / Final Target - 2900+ Risk to Reward ---------------------------------- • Excellent risk reward of 3-4 times Conclusion ----------------------------- • Stock has bullish bias holding above 2345 key & critical level which is close to 200 DEMA support & can be expected to move in the explosive 5th Wave to the targets of 2650 & 2900+ in days & weeks ahead. • We also conclude that stock market can see fireworks generally if Nifty holds above 15450 –key & critical level. Nifty Expected move can be for 1st Target -15900 / 2nd Target – 16350 / 3rd Target – 16750 Thanks & Have a nice week ahead.
HLong
by WaveTalks
15
Glenmark Expanding Leading Diagonal on Monthly ChartGlenmark is expected move in expanding Leading Diagonal. V wave of leading diagonal always moves beyond end of wave III. V wave expected to move minimum 100% of length 0 to III somewhere near 1400+. Most likely to 138%(1.382) or 168%(1.618) which are near trend line. The prospects and analysis are for long term if anyone wants to keep stop loss then they would 405 or 161 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. Not recommended to take FnO positions based on this analysis I am holding some shares in this and may sell or buy additional anytime. -------(((((Please LIKE or Comment)))))-------
NSE:GLENMARKLong
by Niftydirection
Nifty- Leading Diagonal Fall from 11920Last Price - 11860 / 10:37 Hrs -4th Nov2020 This view is not valid if Nifty crosses above 11930 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Already suggested in last video idea - US Markets are doing retracement for the last week's fall & 3550 is the key level so any upside move is just bounce back rally You just need to identify the key levels to take sell / short position according to your own risk involved in trading ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- • Leading Diagonal's are the structure which normally gets retraced 80/90 % • Structure started at 11969 • Today's high - 11920 • If the pattern is correct- all the gains shall be wiped out & Index falls to 11600/11500 (keep in mind- view not valid above 11930) ---------------------------- Last Idea ----------------------------
NSE:NIFTYShort
by WaveTalks
27
The price moving towards the FIVE Wave in bulls market. NIFTY!FIRST Wave: ( Leading Diagonal Contracting ) In the first wave, we have detected the Leading Diagonal contracted within two yellow-colored covering lines but the leading diagonal occasionally appear in the first wave position of impulse. I have labeled by using roman numbers. SECOND Wave: ( The 50% Retraced ) Its a corrective wave formed A, B, and C. Its retraced 50% from the first wave and the price didn't carry to a new low. THIRD Wave: ( Impulsive and Extended ) This wave is strong and broad with the Extension moved. The subdivisions of an extended wave are nearly the same amplitude and duration as required. FOUR-Wave used Technique : ( of Channeling to determine Five Wave ) I've used here channeling technique for confirmation of four-Wave completed perfectly. In this case, suppose to the fourth wave ends at a point touching the parallel channel. FIVE Wave: ( Price is currently toward this wave ) I have connected the ends of waves two and four to determine the five-wave causing wave one and three is normal. Moreover, for an accurate picture of the five-wave, we have to move 4hrs chart. I will publish this very soon if I got enough supports from you all. Thank you. You can check my previous research of Elliott wave for Bigger Picture as shown in the below chart:
NSE:NIFTY
by UnknownUnicorn12270065
5
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
NSE:BANKNIFTYLong
by Niftydirection
ICICI BANK Trading idea and analysisDisclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly. This analysis is purely for EDUCATIONAL purpose, just to give an idea on the price movements!! DO NOT FORGET to put your own STOPLOSS!! If the price is unable to take out the red zone in 1hr & 4hr time frame then it will consolidate in between the red and green zones. If overall market sentiments are negative & do not sustain the green zone then it will fall to the redline. ICICI Bank is a portfolio stock and investor can buy it on every dip, in every fall of price to invest in it for the long term. If you earn from my ideas, kindly consider donating small part of your profits to those in need. ThankYou!
NSE:ICICIBANKLong
by Lakshmundhada
5
Banknifty Corrective wave after Leading Diagonal on 15 min chartDISCLAIMER:There is no guarantee of profits or no 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 investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. --------------------------(((((LIKE)))))----------------------------- Target 20735 which is 0.5 Fibonacci retracement of Leading diagonal If gaps up and open above 21065 this analysis is invalid so 21065 is SL.
NSE:BANKNIFTYShort
by Niftydirection
Leading Diagonal On Bharti Airtel can Lead to 1K+DISCLAIMER:There is no guarantee of profits or no 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 investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. --------------------------(((((LIKE)))))----------------------------- Currently in corrective Waves post forming Leading Diagonal Elliot Wave Pattern. It corrected 50% of previous Rally and now heading towards 390 61.8% retracement next 330 which is 78.6% Fibonacci retracement. Any Dips towards 400, 360 add opportunity with SL 320 on Daily closing basis for long term target 550,612,1k. Conservatives can wait for break and close above wave v, 612 to confirm this analysis.
NSE:BHARTIARTLLong
by Niftydirection
8
Nifty- Channel Support At 11085 (Bounce Expected)Last Price- 11050 / 11:27 Hrs / 22nd Sep 2020 Hope You Enjoyed The Last Crack from the Tops of 11600 to 11085 . Some relief can be expected until it holds the channel support at 11085 -day low so far. Stops Below 11085 Target - 11190 / 11250 / 11325 ------------------------------------------------------------------------------------------------------------------------- Last Nifty Idea - Catching The Tops at 11600 ------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------
NSE:NIFTYLong
by WaveTalks
14
BankNifty- Leading Diagonal Scenario Leading Diagonals have 2 forms or shapes which is rarest of patterns seen in the markets 1st form - can be 5-3-5-3-5 structure (upside or downside) 2nd form- can be 3-3-3-3-3 structure (upside or downside) Bank Nifty ( Possible 2nd form) unfolded from 24th March 2020 In the current scenario ( a possible example of 2nd form i.e. 3-3-3-3-3- could have unfolded in Bank Nifty) - i.e. ( Wave-i circled is yellow wave - (w)-(x)-(y) ) & so on. When all global markets turned upside in March 2020- Most of us thought, it could be upside bounce soon to reverse down ( which is a very common reaction because we had a severe correction on account of Covid19 or Corona Virus) & we still struggling with the tricky situation thinking that some big corrections could unfold soon & has tested the patience of majority market participants. Support & Resistance for Bank Nifty 1st Support -21400 2nd Support-21000 1st Resistance-22700 ------------------------------------------------------------------------------------------------------------------------- Note This is not a trading call. Kindly do your own due diligence. Consult a financial advisor before taking any trading based on this view. Purely for Educational Purpose -----------------------------------------------------------------------------------------------------------------------
NSE:BANKNIFTY
by WaveTalks
11