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Elliot Wave View: NSE BAJAJ_AUTO (Long)Elliot Wave View: BAJAJ_AUTO Impulsive Rally Should Extend (Buy on dips) January 27, 2022 NSE:BAJAJ_AUTO by Dinesh Naidu (Elliotician) Hello Traders, In this technical analysis blog im going to take a quick look at the Elliot Wave Charts of BAJAJ AUTOCash NSE. Long Term Elliot Wave view suggests low from December 20, 2021 could have ended at 3027.05 (138.2% FIB), and could extend higher from the current level, every fall in the price could give us a buying opportunity in BAJAJ_AUTO. Initiation Range: BUY ON DIPS Invalidation level: 3027.05 Positional Target: 4050, 4624.65 Disclaimer: The investments discussed or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and only after consulting such independent advisors as may be necessary.
NSE:BAJAJ_AUTOLong
by Dino_Naidu
Elliot wave-3 beginning in Clean Science and Technology.ELLIOT WAVE COUNT FOR CLEAN SCIENCE AND TECHNOLOGY SINCE IT'S LISTING IS HAS BEEN CORRECTING AND RESPECTING DOWN SLOPING TRENDLINE WHICH GOT BROKEN INDICATING CHANGE IN TREND. IT SEEMS LIKE WAVE 3 HAS BEGAN AFTER LOOKING AT TODAYS PRICE MOVEMENT. WAVE 3 TGT OF 161.8% WAVE 1 EXTENTION IS COMING AT 3088.WAVE 2 HAS ONLY RETRACED WAVE 1 BY 38.2% INDICATING WE MIGHT GET EXTENTION IN WAVE 3. ONE CAN GET LONG AT CURRENT LEVEL OR ANY DIP TOWARDS 2071 WITH A STOP OF 1940 ON CLOSING BASIS WITH TARGET OF 3088 AS PER ELLIOT WAVE. DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment 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. I may or may not trade this analysis
NSE:CLEANLong
by UNDERDOG-29
4
Elliot wave Analysis #DCALElliot Wave Theory Applied to the DISHMAN CARBOGEN (DCAL).Most of Elliot principle apply to the current marketplace, but some experience and interpretation is necessary. The price decline in the 3rd wave of 216.80 addresses the issue: Are there exceptions to the 21% rule that changes a bull market to a bear market? A 21% drop from a high of 216.8 is 122.85, very close to the point where prices stopped their decline and reversed. Once the price breaks the above channel, we might expect a move till 200 mark. During the subsequent decline, prices attempted to rally. Overall sentiment looks Neutral for DCAL, one can start accumulating at the current market price for the target of 170 to 200 odd levels in the coming months. Any of our investment or trades we share on our blog are provided for educational purposes only and do not constitute specific financial, trading or investment advice. The blog is intended to provide educational information only and does not attempt to give you advice that relates to your specific circumstances.
NSE:DCAL
by Dino_Naidu
Elliot Wave Analysis HAVELLS SHORTHAVELLS Weekly Elliot Wave Analysis In this blog, we are going to take a look at the Elliottwave chart of HAVELLS. Based on the Weekly chart shown below, HAVELLS has ended the rally from 2000 low at 10 Rs to 808.35 high till 2019. HAVELLS is still correcting the cycle. The correction is unfolding as a five three five sequence. HAVELLS has not reached the 127.2% -161.8% extension at 424.85 - 382.75 odd levels. I am showing this area with a red box. The red box is the area where i expect the correction to end and buyers to appear for an extension higher. SHORT VIEW NSE:HAVELLS
NSE:HAVELLSShort
by Dino_Naidu
7
Weekly Elliot Wave Analysis Elliott Wave View: Bank of America (BAC) Resumes Lower April 22, 2020 By EWFHendra Elliott Wave view in Bank of America (BAC) suggests the decline from January 15, 2020 high is unfolding as a 5 waves impulse. Down from January 15 high, wave (1) ended at 32.47 and bounce in wave (2) ended at 35.45. Stock has resumed lower in wave (3) which ended at 17.95. Bounce in wave (4) is proposed complete at 25.35 as a zigzag. Short term 45 minutes chart below shows the stock ended wave (4) bounce at 25.35. This level is now the short term invalidation level for more downside. Internal of wave (4) unfolded as a zigzag where wave A ended at 23, wave B ended at 19.51, and wave C of (4) ended at 25.35. While below 25.35, wave (5) lower is currently in progress as an impulse, but BAC still needs to break below wave (3) at 17.95 to avoid a double correction. Down from 25.35, wave 1 ended at 21.09 and wave 2 bounce ended at 23.40. Near term, while rally fails below 25.35, expect Bank of America to extend lower within wave (5). Potential target lower is 123.6 – 161.8% external extension of wave (4) which comes at 13.3 – 16.1. NSE:MOTILALOFS
NSE:MOTILALOFS
by Dino_Naidu
2
Elliot Wave View: NSE SAIL (Short)January 27, 2022 NSE:SAIL by Dinesh Naidu (Elliotician) Hello Traders, In this technical analysis blog im going to take a quick look at the Elliot Wave Charts of SAIL Cash NSE. 2D Time Frame, Elliot wave analysis of SAIL suggests that the price could even drop form the current level, Next Support is @ 85.75 to 70.25 odd levels (61.8% Fib), SAIL has taken a very complex elliot wave corrective structure (3-3-5). Steel Authority of India Limited is a government owned steel producer based in New Delhi, India. It is under the ownership of Ministry of Steel, Government of India with an annual turnover of INR 68,452 Crore for fiscal year 2020–21. Incorporated on 24 January 1973, SAIL has 63,433 employees. SAIL operates and owns five integrated steel plants at Bhilai, Rourkela, Durgapur, Bokaro and Burnpur (Asansol) and three special steel plants at Salem, Durgapur and Bhadravathi. It also owns a Ferro Alloy plant at Chandrapur. As a part of its global ambition, the company is undergoing a massive expansion and modernisation programme involving upgrading and building new facilities with emphasis on state of the art green technology. According to a recent survey, SAIL is one of India's fastest growing Public Sector Units. Besides, it has R&D Centre for Iron & Steel (RDCIS), Centre for Engineering in Ranchi, Jharkhand Disclaimer: The investments discussed or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and only after consulting such independent advisors as may be necessary.
NSE:SAILShort
by Dino_Naidu
2
Elliot Wave View: NSE TATASTEEL (Short)NSE:TATASTEEL January 27, 2022 NSE:TATASTEEL by Dinesh Naidu (Elliotician) Hello Traders, In this technical analysis blog im going to take a quick look at the Elliot Wave Charts of TATASTEEL Cash NSE. TATASTEEL Pulling Back in Wave (c), Looking for more downside Short Term Elliot wave view in (TISCO) suggests rally to 1245, ended wave c of (iv) on January 17, 2022 high. wave (c) pullback is currently in progress with subdivison as a 5 waves towards downside. Next Key support is at 1020.85 to 983 odd levels. Formerly known as Tata Iron and Steel Company Limited (TISCO), Tata Steel is among the top steel producing companies in the world with an annual crude steel capacity of 34 million tonnes per annum. It is one of the world's most geographically-diversified steel producers, with operations and commercial presence across the world. The group (excluding SEA operations) recorded a consolidated turnover of US$19.7 billion in the financial year ending 31 March 2020. It is the second largest steel company in India (measured by domestic production) with an annual capacity of 13 million tonnes after Steel Authority of India Ltd. (SAIL). Disclaimer: The investments discussed or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and only after consulting such independent advisors as may be necessary.
NSE:TATASTEELShort
by Dino_Naidu
1
Elliot Wave View: NSE WIPRO (Long)NSE:WIPRO January 27, 2022 NSE: WIPRO by Dinesh Naidu (Elliotician) Hello Traders, In this technical analysis blog im going to take a quick look at the Elliot Wave Charts of WIPRO Cash NSE. Elliot Wave View: WIPRO Should favor flat Correction lower Wipro Limited operates as Information technology, Consulting & Business process services company globally. It operates through three main segments, IT Services, IT Products & India State Run Enterprise Services. The company is based in Bengaluru, It comes under Technology sector as Information Technology services Industry. Next key Support zone for the stock is @ 522.6 Disclaimer: The investments discussed or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and only after consulting such independent advisors as may be necessary.
NSE:WIPROLong
by Dino_Naidu
Elliot Wave View: NSE ADANIPORTS (long)]January 27, 2022 NSE:ADANIPORTS by Dinesh Naidu (Elliotician) Hello Traders, In this technical analysis blog im going to take a quick look at the Elliot Wave Charts of ADANIPORTS Cash NSE. Short Term Elliot Wave view in ADANIPORTS suggests that the fall from June 9, 2021 high is unfolding as a Running Triangle elliot wave structure.There might be a strong rally from this current level, traders just keep this scrip in your watchlist for Positional setup. One can start accumulating the stock above 714 level, keeping the invalidation level @ 638.10 and target of 1013, 1093 odd levels in the coming months. Despite some tentativeness around the key support level 689.90. Initiation range above: 714 Invalidation level: 638.10 Positional Target: 1013, 1093 Disclaimer: The investments discussed or recommended in the market analysis, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and only after consulting such independent advisors as may be necessary.
NSE:ADANIPORTSLong
by Dino_Naidu
Elliot Wave Analysis of Nifty 50: All Time FramesView: Bearish in short term, Bullish in long term This analysis will show how the Nifty 50 index unfolds into the Elliot Wave patterns. First, we try to understand the wave structure in the weekly timeframe. The first wave traversed from 279 to 6357.1 which, in turn, corrected to 2267.7, which is approx. 61.8% of wave 1. The third wave was normal and completed at 12103.05 which is 161.8% of wave 1. The correction of 3rd wave was expanded flat. Wave C of the 4th wave was swift and ended at 7511.1 which is approx 50% correction of wave 3. If we look into the internal wave structure of the fifth wave, wave 3 was extended (416.8% of wave 1) and completed at 18604.45. Wave 3 corrected as wave 4 by approx 38.2% in complex correction pattern W-X-Y-X-Z which seems to be completed at 15183.4. Bounce from 15351.9 to 17992.2 may be expected as the part of wave 5 of primary wave structure. Within bounce from 15351.9, wave 1 may be completed from 15351.9-15927.45. It further corrected by approx 50% of wave 1 and completed wave 2 at 15511.05. Wave 4 of the extended wave 3 is expected to be in progress. Decline from 17992.2 is expected to be a zigzag (5-3-5). It seems that wave A has been completed at 17345.2. 38.2% correction of wave A has been breached. The index may face resistance at 50% correction level of 17668.1 which may also be the reversal point making end of wave B. After that we may see the unfolding of wave C of the correction to 17178.7 level which is 38.2% correction of wave 3 of extended wave 3.
NSE:NIFTY
by Epic_Elliot
4