BTCUSD Bitcoin possible Elliott wave countsHello Friends,
Here we had shared possible Elliott wave counts on 4 hourly chart of crypto currency BTCUSD Bitcoin, in which we can see that we are in impulse phase of waves in some degree and we had completed wave 1 & 2, and now possibly we are in wave 3, in which wave (i) of 3 has completed and now possibly we are at the verge of completion of wave (ii), we can assume up directions ahead as a wave (iii) of 3, post completion of wave (ii), Overall looks bullish ahead with invalidation level of 24756.
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.
Thanks
RK💕
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...!
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.
Neo Wave
BPCL long term and shot term view As per Elliot's wave, the E wave of a triangle has been completed.
an impulse wave is forming of which 1st segment of the 5th wave is in progress.
c wave of 1st of 5th wave is forming ...so can take a short position up to 350...
then there is a massive move up as 5th wave can be the extended one.
USDINR Possible Elliott wave counts Hello Friends
Here we had shared possible Elliott wave counts on chart of USDINR, which is clearly showing that on bigger scale we are in 5th wave of some higher degree, in which we had finished wave (1)-(2)-(3) and currently we are in either in wave (4) or in wave 2 of wave (5).
Also both scenarios are discussed in this video post, you can go through this video post which is explained in best possible way for Educational purpose only.
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💕
Possible scenario
Alternate scenario
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.
Possible Elliott wave counts on hourly time frame of NiftyHello Friends
Here we had shared possible Elliott wave counts on hourly chart of NIFTY, in which we can clearly see that currently we are in impulse structure and as per counts we can say that after bottom of June 2022, we have started fresh impulse up move, in which we had completed wave (1) and (2) and now possibly we are in wave (3), which can be at least equality with wave (1) so estimated target may be 19748 where 5 of (3) may finish, currently we are in 3 of (3) and inside 3, we are in (v) of 3 of (3).
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.
Some significant snapshots are shared below, please go throughout.
Thanks
RK💕
Overall wave structure since bottom of June 2022
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...!
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.
USOIL Crude oil possible Elliott wave counts on hourly chartHello Friends,
Here we had shared possible Elliott wave counts on hourly chart of USOIL CRUDE OIL, in which we can clearly see that after low of May 2023 Oil has done wave (1) & (2) of some degree and now we are unfolding wave (3) of same degree, Inside (3) also we had finished wave 1 & 2, and now possibly we had started wave 3 of (3) which may go $ 73 as an equality or $ 76 as an 161.8% of wave 1 of (3), and in wave 3 also we had started wave i and still wave ii is pending, so buy on dips funda will be worth full in this case with invalidation level of $66.77, so if price goes below $ 66.77 then our currently shared view will be invalidated, because wave 2 will never retrace more than 100% of wave 1.
Some referral snapshots are shared below, please go throughout, 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.
Overall wave structure looks bullish as of now
Price making lower low while indicator making higher low on completion of wave C of wave 2 of wave (3)
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.
Zig Zag corrective pattern and the Case study of Natural GasHello Friends,
Here we had shared some major points and characteristics of Zigzag Correction pattern of Elliott waves.
Also we had shared real example chart study of zigzag pattern as a case study of NaturalGas, in which their are some principles and guidelines, which are perfectly going through in chart of NaturalGas.
Principles and Guidelines of Zigzag correction pattern
1) Zigzag correction pattern is a 3 waves structure which is labelled as A-B-C
3) Subdivision of wave A and C is 5 waves, either impulse or diagonal
4) Wave B can be any corrective structure as 3 subdivisions
5) Zigzag is a 5-3-5 correction structure
Fibonacci measurements
Wave B is always contra trend which generally retraces near 50% or 61.8% of wave A, and can also retraces up to 85.4% to 90% of wave A
Wave C can generally be expected near 100% of wave A, but sometimes if it is extended then it can show 123.6%, 138.2% or up to 161.8% also.
Sometimes if wave C is truncated then it can be near 61.8% of wave A.
But ,If wave C is going more than 161.8% of wave A, then we should be cautious, because it can also be some kind of impulse wave instead of corrective wave.
Case Study of Natural Gas
Natural Gas almost done as expected till now as per zigzag corrective pattern, it would not be wonder if it looks to be doing a double correction higher in wave (ii) bounce & can see 2.786 level sometimes in next week before turning down as a wave (iii) of 5 of (C), On lower time frame if it doesn't crosses high of March 2023, then it can show some down moves to complete wave (iii), (iv) and (v) of 5 of bigger degree wave (C).
After big correction as zigzag pattern which had already reached extreme levels in wave (C) which is more then 123.6% of wave (A), so now anytime it can start fresh impulse moves towards north directions, so instead of finding selling opportunities, one should try to find buying opportunities only after confirmation, and confirmation is price crossing high of march 2023, once its crossed peak point of march 2023 then no selling is recommended, then its only buy on dips with invalidation levels of Low of April 2023 as a stoploss, because it must be ending the bigger correction from last year peak, and can be taken as fresh impulse is started.
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.
HDFC Bank in correction mode, wait for the right moment to shortHDFC Bank has started the correction, we are about to complete the first leg of correction, however what we gonna see next is a sharp X wave towards up and then another leg of correction. I haven't marked all the details on the chart, since I use other charting software where I have marked step by step details on each wave count and how we reached there. For now wait for the wave X to be completed and then let the next leg of correction kicks off, where you will have the opportunity to short. As far as the targets towards downward movement is considered I see first target as 1470 if the wave Y turns out to be traingle, if Wave Y turns out to be Zig-zag then expect further downfall to 1470. Good Luck!
If you are interested in learning Elliott waves contact me at 8wavestosucessatherategmaildotcom. Planning to start my first batch of Technical Analysis using Elliottwaves soon.
Regards
Sachin
JSW , an opportunity to make some handsome profit with cautionI have not marked all the previous motive waves, however the important part here is not the previous motive waves. we have already completed 5 waves up, which ended at 783.50, we are correction now and we just completed 1st leg of correction, what that means we still have 2 legs of correction to complete, one more up and then down. Currently we are in leg 2, what that means, we have to be little cautious in correction and have to watch revise your stop as needed. For now I am expecting the JSW steel to reach 780-781 rs, however be cautious there are high changes of JSW steel reaching at 762 and then reversing from there for the last leg of correction.
Good Luck!.
Do share the link and ideas with others so that everyone can benefit.
AU Bank ready to rock AU Small Bank is ready to Rock. It will easily reach 675-680 that's what I am aiming for, only in exceptional case if the Wave e gets Truncated then it may not, but for now that possibility I am not considering. please take a look at wave d, which is a triangle so we have triangle within a triangle within a triangle, basically 3 triangles. Such Situations are rare and if take 100 charts once or twice max you will encounter such situation.
for now lets focus on the long side of AU Bank.
I want to Publish a video and show step by step how I arrived at this analysis, but there is some issue with my laptop, not able to record it.
Good Luck!
Bitcoin analyzing Elliot wave counts, Buy on Dips or on BreakoutHello Friends,
Here we had shared possible Elliott wave counts on 4 hourly chart of BTCUSD BITCOIN, which clearly indicates that we are in some kind of impulse wave, where we can get fresh opportunity to go long very soon, but, how and where, at which level, every thing is explained in this video post, so please go through out this video.
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💕
snap shot of possible Elliott wave counts
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.
Titan is all set to be shorted. I have re- analysed Titan and got to the right state now, however I have already mentioned in my previous post to hold on and not to enter the trade. we were trying to take the safe side and wait for the right moment. Even Experienced folks can make mistake sometimes and I am no expectational.
Alright! Coming back to Titan, it heading south, this means we have to short and ride the C wave. Count can change sometimes but the direction will not. Titan correction is still not over and there is more to come. I keep telling folks, keep a stop loss as per your risk appetite. Good Luck! and happy investing.
JSW Steel We are in last leg of Wave e, expect uptrend to start As I mentioned in my previous post as well, we are about to finish wave e of Wave C triangle. Once we are done with the completion of wave e, expect the quick and fast move till 692-693 and beyond. I don't want to see another triangle in wave- e, from my experience as Elliott wave Practitioner, its very rare to see wave e itself turning to a Triangle. Even if its so, we may have to wait for a day or 2 max, since I have drilled down and doing analysis on 15 mins chart.
Whatever the case may be, we will definitely see 692-693 in next week. Good Luck and Happy Trading!.
Regards
Sachin
MAINFRA trade set based on possible Elliott wave countsHello Friends,
Here we have shared possible trade setup in MARUTI INFRASTRUCTURE LTD. based on possible Elliott wave counts, One can go long above 118 or below 109, with invalidation level of 99.45 for Targets of 126.75 and 140++
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.
Some significant snapshots are shared below, please go throughout.
Thanks
RK💕
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...!
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.
Apollo Hospitals possible Elliot wave countsHello Friends,
Here we had shared possible Elliott wave counts of Apollo Hospitals, in which price has given breakout along with good intensity of volumes in daily time frame, as per Elliott wave structure, chart says that either we are in impulse or in correction, in both scenarios we have to go towards north direction first then whatever may be, as per Elliott wave structure, if we are in impulse then we should have to unfold it as wave (1)-(2)-(3)-(4)-(5) in which we already had completed wave (1) and (2) and currently we are unfolding wave (3), and in other scenario, means if we are in correction phase, then we should have to unfold it as wave (A)-(B)-(C) in which we had completed wave (A) and (B), and currently we are unfolding wave (C), So whatever scenario it may be, at least we are first going towards (3) or (C).
In this study whatever major trend may be ahead, at least we can enjoy this little upward bull run as a wave (C) or wave (3)
Now in wave (C) or (3) we have completed wave 1 and 2 and currently we are unfolding wave 3, also in wave 3 we have completed wave (i) and (ii) and currently we are unfolding wave (iii).
Overall, we are in (iii) of 3 of (C) or (3).
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.
Some significant snapshots are shared below, please go throughout.
Thanks
RK💕
Price has given Breakout along with good intensity of volume and RK's Magical cloud suggests same bullish bias in daily
Price above daily upper band
Price above weekly upper band
MACD in daily positive
MACD in weekly positive along with breakout in histogram
RSI positive above 60+ in daily
DMI ADX positive in daily
DMI ADX positive in weekly
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...!
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.
EXPANDED / IRREGULAR FLAT CORRECTIONHello Friends,
Here we had shared some major points and characteristics of Expanded Flat Correction also known as Irregular Flat Correction in Elliott waves.
Principles of Irregular / Expanded Flat correction pattern
1) 3 waves corrective pattern which is labelled as A-B-C
2) Subdivision of wave A and B are in 3-3 waves
3) Subdivision of wave C is in 5 waves
4) Wave B of the 3-3-5 pattern completes beyond the starting level of wave A
5) Wave C completes beyond the ending level of wave A
Fibonacci measurements
Wave B is always 123.6% to 138.2% of measurement of wave A
Wave C completes at least 123.6% to 161.8% of wave A which starts from end of wave B
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.
Hope this post is helpful to community
Thanks
RK💕
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...!
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.
CDSL 3rd wave has just started, why is it so ??I am practising Elliott waves for last so many yrs, although I can't explain everything is detail why the wave 2 took so long to complete. Its not a surprise and there are genuine reasons for the same. For now I would prefer to keep holding and ride the 3rd wave. Once 3rd wave is complete we will see some correction, which is obviously 4th wave and then the final 5th Wave.
I am going to start my first batch very soon, if interested contact me on 8wavestosuccessattherategmaildotcom
Keep Strict Stoploss as per your risk appetite.
HIL LTD possible Elliott wave countsHello Friends,
Here we have shared possible Elliott wave counts on hourly chart of HIL LTD.
Post all-time high which was high of August 2021, we are still in correction phase only.
This correction is complex correction, in which we have labeled correction swings as a wave (W)-(X)-(Y), which we have completed wave (W) & (X), and now possibly we are in wave (Y),
in wave (Y) we have completed wave A and currently we are in wave B, in B we have completed wave (a) & (b) and now we have started to unfold wave (c)
which is expected to unfold in five subdivisions as a wave i-ii-iii-iv-& v, which is expected to go towards north direction as uptrend which is expected to be contra trend,
at the point which is expected as target, it is equality of wave (a) and wave (c), the point where wave (c) is going to be complete, it would be completion of wave B.
Possibly we could see negative divergence at the ending of wave v of wave (c) of wave B.
At that point, trend could give reversal to complete wave C downwards, completion of wave C would complete wave (Y).
This is overall Elliott wave structure on daily chart.
This is overall Elliott wave structure on hourly chart.
Witnessed Divergence at the end of wave v of (c) of B
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...!
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.
GOLD Possible Elliott wave countsHere we had shared possible Elliot wave counts of GOLD chart in which weekly, daily, 4 hourly and hourly all these time frames counts are aligned with each others.
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...!
Disclaimer.
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.
SILVER possible Elliott wave sountsHello Friends,
Here we have shared possible Elliot wave counts of SILVER 4 hourly chart in which we can say possibly we are heading towards north direction as a fresh impulse wave, which can lead towards Bullish bias as now onwards.
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...!
Disclaimer.
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.
BTCUSD possible Elliot wave counts of bitcoinHello Friends,
Here we had shared possible Elliott wave counts of BTCUSD-BITCOIN on 4 hourly chart, in which we can see post bottom formation in November 2022, bitcoin had started motive journey towards north direction as a fresh impulse wave.
In which we had completed wave (1) & (2) and now we are unfolding wave (3), in wave (3) we had completed wave 1 & now possibly we are unfolding wave 2, in which we are having subdivisions as wave (a), (b) & (c), here we are possibly in wave (c) right now, post completion of wave (c) we can assume that our wave 2 should be complete and fresh impulse as a wave 3 should start towards north direction. whereas invalidation level is mentioned on chart at 19569 because wave 2 will never retraces more than 100% of wave 1 as a wave principles. 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...!
Disclaimer.
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.
Bank of Baroda (BOB) Trade is going to be ON soonAs I have mentioned in my previous post to hold for couple of days before shorting, which was an advice because the top was not confirmed of the triangle, what you see a thrust of the triangle and it occurs sometimes, not always. Todays fall is giving a very good indication that we are about to see fall in BOB. Again just a word of Caution, next 4 to 5 sessions will setup the path to short, there is downward gap that has formed and its a tendency that the gap will get filled which will take it to 187.00 to 187.50, after that what happens we will see.
NIFTY possible Elliot wave countsHere we had shared possible Elliott wave counts on hourly time frame of Nifty chart.
Whereas if we are unfolding part of correction phase then currently we are in A-B-C of ((2)) or ((B)) heading towards north directions, which we can see or say in bullish way, where we can fail this rally near 18567 levels which is nothing but equality level of A and C inside wave ((2)) or ((B)), we can resume correction downwards again post this rally, which can be a subdivision part of wave ((3)) or ((C)) towards south directions. Well, sometimes C may be truncated too.
What if scenario
We are in Bull market at current stage or we can say what if we are in impulse right now ? Then also we have to unfold current rally not as a A-B-C but as a 1-2-3-4-5, so up to C or 3 levels should not violated because road map is same for both scenarios. Buy on dips with strict stop loss is only mantra, always try to trade at lowest risk with good enough reward probabilities.
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...!
Disclaimer.
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.