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Neo Wave

Axis Bank Downward Trend is not overAxis Bank has formed a flat correction ABC, currently we are in the last leg of the correction, where wave C is a triangle. we still have wave Z of the triangle to be complete, which I believe will be around 1000 little less. Once the triangle is over we will get a very sharp and big move in upward direction the reward which you will remember for the months to come. PS: Someone please remind me around 4th or 5th of Feb about Axis Bank. Let us all benefit from the upcoming trend once the triangle is completed. Disclaimer: This is for educational purpose only. I am not SEBI registered Member.
NSE:AXISBANK
by Swiftstrike
1
Cipla correction will be over by 31st of JanCipla is in last leg of correction of expanding triangle, where it will complete wave e and so thus the Wave C of the Zig-zag at 1372-1371 Possibilities: 1) Cipla's correction will be over by 31st Jan if it completes leg e (1372-1371) 2) Chances are there might be wave e truncation and we will start seeing the trend change, which will be uptrend 3)wave e might slightly overthrow beyond the lower support of the triangle. (around 1365-1368 max to max) All in all its a wait and watch situation for few more days how the wave e unfolds. Disclaimer. I am not the SEBI registered member. This idea is only for educational purposes, if you want to take a trade do your own analysis and decide.
NSE:CIPLA
by Swiftstrike
Wave watch: Mahindra & Mahindra ltd. Technical Analysis.Mahindra and Mahindra Limited Stock Analysis using Elliott Waves Today, we're analyzing Mahendra and Mahendra Limited's stock using Elliott Waves. In the larger time frame, we've completed waves one, two, three, and four. Currently, we're possibly in the red fifth wave. Within the 5th wave, we have sub-divisions: black ((i)), ((ii)), ((iii)), ((iv)), and ((v)). Our analysis suggests: - Black ((i)), ((ii)), and ((iii)) are complete - Black ((iv))’s (a) and (b) are completed and now wave (c) is almost near to complete. Once (c) is complete, that means black wave ((iv)) will end. Generally, wave ((iv)) doesn't cross 50% of wave ((iii))’s length. In 90% of cases, wave ((iv)) doesn't retrace beyond this level. As black wave ((iv)) concludes, wave ((v)) will likely begin, forming a new high. Important Notes: - This analysis is for educational purposes only, not trading advice. - Elliott Waves involve multiple possibilities; this analysis focuses on one potential scenario. - Trading or investing solely based on this study involves risk. - This content is not advisory and doesn't guarantee profits. Remember: Elliott Wave analysis is a complex tool that requires practice and experience. It's essential to approach it with caution and always consider the potential risks involved in trading. 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/u/RK_Charts/ 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.
NSE:M&MLong
by RK_Chaarts
Is VEDL Ready to Soar? Elliott Wave Analysis Suggests YesTechnical Analysis of VEDANTA LTD. (VEDL) Based on Elliott Waves This analysis is based on Elliott Wave theory and is for educational purposes only. It does not constitute financial advice. Elliott Wave Analysis: The provided chart of VEDANTA LTD. (VEDL) suggests a bullish trend based on Elliott Wave principles. The analysis identifies a potential impulse wave structure, which typically consists of five waves. Elliott Wave Analysis Update We're currently within Wave (3) in blue intermediate degree, with subdivisions marked as Red 1 to 5 Minor degree, Having completed Red 1 to 3, we're nearing the end of Red 4. Key Takeaways: 1. Post-Red 4 completion, we expect an upward move to complete Red 5, targeting 1.618 Fibonacci extension (measured from Blue Wave (1). 2. Wave 5 (Red) is the final leg of Wave (3) in Blue which is of intermediate degree. 3. Overall, the outlook remains bullish. Important Principle: As per Elliott Wave Theory, Wave 4 cannot overlap Wave 1. This means Red 4 cannot enter the territory of Red Wave 1. Nearest or current Invalidation Level: If the price enters 471 (Wave 1 high), our labelled view will be negated, and we'll need to reassess the chart. Expected Outcome: If the invalidation level holds, our view remains intact, targeting 537 or nearby. Actionable Insights: - Monitor Red 4 completion - Watch for Wave 5 unfolding - Keep 471 as the critical invalidation level Right Direction: The annotation "Right Direction ↑" suggests that the overall trend is expected to be upward. Invalidation Level: The level of 424 is identified as an invalidation level. A break below this level would negate the bullish outlook and suggest a potential reversal. Target: While a specific target is not provided in the chart, a potential target for wave 3 could be around the 1.618 extension level (537.55) based on the length of wave 1. However, this is a rough estimate and subject to change based on market conditions. Overall Outlook: Based on the Elliott Wave analysis, VEDANTA LTD. (VEDL) appears to be in a bullish uptrend. The market is expected to continue rising, with a potential target around the 537.55 level. However, it's crucial to monitor the price action closely and be prepared to adjust the analysis if the market's behavior deviates from the expected pattern. Remember: Elliott Wave analysis is a complex tool that requires practice and experience. It's essential to approach it with caution and always consider the potential risks involved in trading. 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/u/RK_Charts/ 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.
NSE:VEDLLong
by RK_Chaarts
7
Technical Analysis - Elliott Waves of SBINThis analysis is based on Elliott Wave theory and is for educational purposes only. It does not constitute financial advice. Key Observations: Ascending Diagonal Triangle: The price action appears to be forming an ascending diagonal triangle pattern, suggesting a potential bullish breakout. Wave Structure: The current price movement could be interpreted as an impulse wave, with a strong possibility of a fifth wave extension. Invalidation Level: The 732.00 level acts as a critical invalidation point. A break below this level would negate the bullish outlook. Potential Target: A breakout above the triangle's upper boundary could lead to a significant price increase, with a potential projection around the 920.00 level and more Overall Outlook: The technical analysis based on Elliott Waves suggests a bullish bias for SBIN. However, it's essential to monitor the price action closely and be prepared to adjust the analysis if the market's behaviour deviates from the expected pattern. 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/u/RK_Charts/ 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.
NSE:SBINLong
by RK_Chaarts
2
Bank Nifty ( Long Term forecast)Hi Everyone this is an long term forecast which is an direction movement for the next 6 month of Bank Nifity. These forecast will be updated once every month. Thank You Coding Details ## L stand for long Term Trend ## LA stand for correction cycle of long term trend ## M stand for Medium Term Trend ## MA stand for correction cycle of Medium term trend ## s stand for Short Term Trend ## SA stand for correction cycle of short term trend ______________________________________________ ___________ Medium & Short Term Forecast # This forecast will be updated once a week and there will be an weekly analysis video for bank nifty.
NSE:BANKNIFTY
by IIntelligentinvestor
2
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
NSE:POLYCABLong
by naraykln
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 _____________________________________________ 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 Use this as a stoploss for buying position. Target1 - 48100, Target-2 49086 ______________________________________________ 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-
NSE:BANKNIFTY
by IIntelligentinvestor
2