Bank Nifty ( Neowave Forecast)Hello Everyone,
Here in this video we are discussing from long term to short term possiblities of bank nifty using Neowave.
If you have any query, you can leave a comment.
Thank You
Neo Wave
Mid term NeoWave analysis of BITCOINHere is the mid-term NeoWave analysis of BITCOIN. As per my analysis, we are in the G wave of the diametric pattern to the upside, so we can expect upside movement. For now, I am bullish for bitcoin but as soon as this G wave is over we can expect a massive fall so invest accordingly.
Mid Term Neo Wave Analysis for LICHere is the mid-term analysis for LIC stock, as per my analysis we are in the C wave for the downside so i am bearish for this stock. As soon as the C wave is complete we can see a move to the upside for the long term as we will be in the 3rd wave of a higher degree.
Very Long Term Analysis of Hindusthan MotorsHere is the Very long-term analysis of Hindustan Motors. This stock just finished the B wave and entered into the C wave to the down side so I think this stock will be bearish for the long term.
Long Term Analysis of Copper FutureThis is a long-term analysis of Copper Future, we just finished the B wave and started the C wave so it should fall drastically. I am bearish for the stock.
Mid Term Analysis of Bajaj Hindusthan SugarHere is my mid-term analysis for Bajaj Hindusthan Sugar. We are in 3rd wave so i am bullish for the stock.
Very Long Term Analysis of MMTCHello Everyone,
Here is my Very long-term Analysis of MMTC. As per analysis, I am bullish for the stock as we are in the C wave. The timeframe is 6Months and soon the target is going to be hit.
Petronet Monthly ChartGiven that Gas distribution is breaking out, a perspective of Petronet LNG on monthly chart. Currently Wave 2 to 3 in progress.
Polycab - Wires & Cables demand in multiple sectorsConcall
Polycab...3K Cr Capex over 3Y. A bit towards backward integration(improves efficiency) & FMEG segment
Seen 30-40% volume growth in Q4 & last year. Industry at 22% growth
No material impact in pricing pressure despite rise in commodities(copper & Aluminium) pricing. Mgmt seems to have witnessed this
G8 demand in Infrastructure, Power, Renewable energy, EV, Railways sectors...and so capacity expansion.
Seems to be an article published mentioning power deficit in India in June
12-13% consistent margins achievable over long time
Distributors playing key role in sales.. Cuz only 10% customers directly buying from company. 89-90% sales is thro' distributors...
RDSS govt project open orders close to Rs. 50 Bn
FY 23 closed with 18K Cr revenue. Previously set target was 20K Cr top line by FY 26. But this will be revised(increased) by this FY
E-WAVE updateE-Wave is a WXY pattern and we expect it to end before 107 . the triangle scenario is still an active scenario.
wave V(5) of 5 ?The previous analysis and scenario 2 became invalid , and I think this scenario is currently the only active scenario on this currency pair. part of 3 of a zigzag is an impulse with (5) wave. Now we are in wave V(5) of 5 , which is a terminal impulse . This wave itself is an zigzag (abc) and we have entered part of 3 of it now and we expect it to end before the range of 156. Therefore, short-term buying is a better option.
Bank Nifty (Neowave Update)I hope you are enjoying my forecast, if you love the content than kindly like and share it with your friends. Also keep following us for more neowave trading ideas.
Thank you
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Degree full forms-
L1 stand for Long term wave 1 and so on
M1 stand for Medium term wave 1 and so on
S1 stand for short term wave 1 and so on
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Key Points-
Stoploss- 44780
Use this as a stoploss for buying position.
Target1 - 48100, Target-2 49086
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Probablities-
# we are currently in SC6 and with the SC7, our short cycles wave group should complete. With the completion of SC7 our wave-(B) will also be completed.
See below chart
Our previous Updates-
Bank Nifty (Neowave Update)NSE:BANKNIFTY
I hope you are enjoying my forecast, if you love the content than kindly like and share it with your friends. Also keep following us for more neowave trading ideas.
Thank you
_____________________________________________
Degree full forms-
L1 stand for Long term wave 1 and so on
M1 stand for Medium term wave 1 and so on
S1 stand for short term wave 1 and so on
_____________________________________________
Key Points-
Stoploss- 44780
This needs to break for the confirmation of downside.
Support level- 45661
Use this as a stoploss for buying position
Target1 - 47200, Target-2 48800
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Probablities-
# we are in up cycles now, which is in sync with SC series.
So we will see bulllish ((i)) , ((ii)) and so on count.
#There is always comes a word "but" which says follow risk managment.
But Scenerios
Incase 1 support level is hit, Than stoploss also hit mean cycles is change.
Incase 2 if support level is hit and stoploss is not, than SC4 is still going
changes of case 1 is more in case of breaking of support level.
Thank You
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Medium Term Forecast
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Neowave Bank Nifty UpdateDegree full forms-
L1 stand for Long term wave 1 and so on
L1 stand for Medium term wave 1 and so on
s1 stand for short term wave 1 and so on
Hello Everyone,
Welcome to Trading Idea, This is a short term forecast but trade always in direction of bigger cycles.
Any last minute update will be done on our tradingview live links.
I hope you are enjoying my forecast, if you love the content than kindly like and share it with your friends. Also keep following us for more neowave trading ideas.
Thank you
Medium Term Forecast
IEX is ready for a Bull ride.NSE:IEX
About Company :-
Indian Energy Exchange Ltd provides an automated platform and infrastructure for carrying out trading in electricity units for physical delivery of electricity. It's broker Just like Zerodha or Angel One but for electricity trading. with market share at present, IEX enjoys a dominant 90% market share in the total volume traded across all segments. However, recent regulations like "Market Coupling" could potentially impact IEX's prominence in this segment means market share will reduced if market coupling implemented by govt. in future.
Entry :- 160/- or Current Price.
Target :- At Supply Zone.
Gold Neowave UpdateHello Everyone
This is an update in neowave counts. Here are the keypoints.
** For Now we were in wave 2 and price was consolidated.
** The price falling from wave-((c)), can be a start of an new wave, well it is jst the price confirmation has to come yet.
Expectation is that price should fall below 1973, for this pattern
Bharti Airtel Long BullishNSE:BHARTIARTL
Bharti Airtel is trading at near 945.20/- and I think price will go more above near 990/- and then stock can reverse. Reason target for wave (5) is length of wave (1) = length of wave (5). Another target is top of parallel channel and then stock can reverse. If stock reverse from given levels, then stock will consolidate for months.
Wave (5) will complete larger degree of wave iii. Target for wave iii is reverse retracement of length of wave i which is 1058.15/- just few points above 990/-
Target: -
1) Wave (1) = Wave (5). Which is near 990/-
2) Reverse retracement of wave 1 = 1058.15/-
Jubilant Foodworks In Wave 3 Or Not.?NSE:JUBLFOOD
Jubilant Foodworks I think it's in 3rd sub-division. If the structure is in 3rd sub-division wave, it indicates chart is strong with fundamentals. Now recent correction retraced below 0.618 and recovered above golden ratio with perfect abc correction. Normally target for wave 2 is 50% to 61.8% of wave 1 and it's completed. I think stock will go up near reverse retracement 1.618 of wave 1.
Target: -
1) Target for wave 3 reverse retracement 1.618 of wave 1 = 1350/-
Navigating the Waves of Automotive ExcellenceLumax Auto Technologies Ltd.: Navigating the Waves of Automotive Excellence
Let's dive into the world of Lumax Auto Technologies Ltd., a stalwart in the realm of automotive components.
About Lumax Auto Technologies:
Lumax Auto Technologies Limited, a proud member of the Lumax-DK Jain Group, stands as a market leader in crafting automotive components.
With over four decades of experience, Lumax Auto Technologies has been a reliable supplier for both Original Equipment Manufacturers (OEMs) and the Aftermarket segment.
Elliott Wave Analysis:
Now, let's bring in the insights from the Elliott wave perspective:
The stock has been on a journey, going through different waves like 1, 2, 3, and 4. Now, it looks like we might be entering wave 5, which is a bigger move.
Within wave 5, we've likely finished the first part, and now we're waiting for the second part.
Think of Elliott waves like a cycle, showing how the market's mood goes up and down. Wave 5 is interesting because it often marks the last big move in a trend, causing prices to make significant changes.
Opportunity Beckons
As the waves unfold, the anticipated wave 2 might offer strategic dips, presenting an opportunity to go long.
Caution is maintained with an invalidation level set at 332.(Stop-Loss)
The journey towards the north could potentially reveal targets reaching 470 and beyond. Of course, in the dynamic world of finance, fingers are crossed for a prosperous journey.
Rising Stock Chart
Lumax Auto Technologies Ltd. stands at the intersection of experience and innovation, riding the waves of automotive excellence.
I am not Sebi registered analyst. My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
CAMS - WXYXZ Completed OR Next large degree incomplete WXY.NSE:CAMS
After IPO stock went up sharply with clear and clean ( I think so ) formation of Impulsive Wave. After Impulsive wave stock corrected sharply gone below 61.8% of impulse wave with formation of Triple Three Complex Correction which is completed again I think so .
So, there are 2 Possibilities in this stock.
1) Stock is corrected completely and now is in bull trend.
OR
2) Stock is in large degree WXY wave (Next large degree of WXYXZ wave which is shown in chart) and wave W is just corrected and Wave XY is yet to unfold. which will take multiyear of consolidation correction.
Target: -
1) If the correction is completed with wave WXYXZ then target will be 5802/-
Wave 5 or Starting of Wave 3 in BPCLNSE:BPCL
BPCL is in consolidation for 5 years and it's clear structure of wave abcde . Wave abcde always formed in wave 4 only. It seems like wave 4 is completed and BPCL is in wave 5 to complete the wave structure.
Minimum Target is 805/-
Technical Analysis with Elliott Wave InsightToday, we're exploring Ward Wizard Innovations & Mobility Ltd., an Indian electric vehicle manufacturer, with an intriguing twist of Elliott Wave theory for market insights.
Before we dive into the waves, here's some background:
Ward Wizard Innovations & Mobility Limited is a publicly-held electric vehicle manufacturing company based in India. It's dedicated to producing eco-friendly electric scooters and vehicles. Not just in India, but its impact extends to countries like Uganda and Nepal.
Now, back to the chart and Elliott waves:
Recently, the stock witnessed a substantial decline from January 2022 to July 2023, followed by a period of consolidation.
Going back to its origins in May 2015 up to July 2021, we identify a significant wave ((1)), marking a robust upward trend.
This was followed by wave ((2)), an Expanded Flat correction (A)-(B)-(C) in blue. Wave ((2)) concluded near 161.8% of wave (A) as wave (C) of ((2)).
Now, the exciting part:
The best possibility is that we're currently experiencing a significant wave ((3)), known for bringing about robust upward momentum. This wave holds the potential to surpass previous all-time highs.
Elliott Wave theory is a captivating tool, helping us understand market psychology and forecast future price movements based on wave patterns.
Remember, there's a crucial detail:
We've set an invalidation level at 33.20, representing the low of July 2023. If prices drop below this level, it might indicate a different wave scenario.
Conclusion:
Our analysis hints at the potential for a strong bullish wave ((3)).
Markets are full of surprises, and risk management is your best companion on this journey.
I am not Sebi registered analyst. My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
DFM (Dubai Financial Market) DFM:DFM
I have posted two scenarios.
Probability No 1 (Incomplete WXYXZ Correction)
If Stock is in WXYXZ correction, then Stock has completed it's WXYX structure and wave Z is yet to complete. I think to complete wave Z of WXYXZ structure DFM stock has to go down below wave Y which is at 0.499. DFM will take time to complete this wave Z correction maybe a year or two.
If stock didn't go below wave Y then it's not a WXYXZ correction It's WXY correction.
Probability No 2 (Complete WXY Correction)
There is possibility that wave WXY correction is completed and now stock is in impulse move. Wave 1 is completed and right now it's in wave C of wave 2. I think to complete wave 2 stock has to go near Demand Zone which is at 1.04. If stock is in impulse wave then wave 2 will complete soon and wave 3 will start to form. My target for wave 3 is 1.618 reverse retracement of wave 1 which is near 4.63.
This are my two probabilities scenario. One has to think and take multiple scenarios to make investment decision because market is risk averse to systematic or unsystematic risk because no one can tell what will happen in future.
Always use hedging and arbitrage to manage the risks.
