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Elliot wave Analysis # Bullish ViewHINDUSTAN COPPER, Elliot Wave Outlook
Bullish Seqnce, Daily Chart
MarketCap: 11,546 Cr, PE: 104.52
Confirmation to Buy @ 113 to 114.5 odd levels
Invalidation level @ 109
Swing Target: 125, 132, 156
Holding period: 1 to 20 days NSE:HINDCOPPER
Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites, Derivatives, commodity and Currency can be substantial. ... Investment in markets is subject to market risk.
Elliot wave Analysis # Bearish SequenceMAHINDRA & MAHINDRA, Elliot Wave Outlook
Bearish Sequence
Market Cap: 89,821 Cr, PE: 49.56
Confirmation to Sell @ 768 to 775 odd levels
Invalidation level @ 804
Swing Target: 726, 710, 681
Holding Period: 1 to 20 days NSE:M_M
Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites, Derivatives, commodity and Currency can be substantial. ... Investment in markets is subject to market risk.
Elliot wave Analysis # Bullish SequenceNSE:NIFTY
Need to wait for the minor correction to complete labelled as 4, then we can expect a small move in the price to complete wave 3, and then again a Minor correction we can expect in the Index.
So, the Overall Trend seems to be Bullish in daily Time frame, Nifty could cross previous historical high of 12430.50 level, to create a new high & as per my Analysis it says that we could finish till 12600 to 13000 odd levels.
As per Elliot wave Analysis, we are heading for an expanded flat (Irregular Flat) in the Index.
Elliot wave analysis of Asian Paint and the futureOm Namah Shivay
Brothers, Found Asian paint to be very different in terms of Elliot wave. Thought of analysing it although it may go completely wrong.
If we see the whole structure of Asian paint from the first trading day, it is on Impulse. There is no leg finish marking available. There is confusion what to mark.
So only possibility is to mark from the last correction. There are multiple possible scenarios for EW marking it is making. Some other versions were made. But posting this versrion (one of the versions ).
Loks We are making a 5 wave Triangle where the last leg 'e' has ended in between. A new corrective wave looks getting started. Still the marking can be said to be in initial assumption as nothing is clear / complete with the strucutre.
If the levels are respected, and the counts are proper, then a reversal is expected now to make leg 'c' of the the corrective wave. The trend lines are marked. The price is exactly at the trend line and we suppose it can go side ways or go down.
This is just an analysis. There is no recommendation or suggestion on trading.
Om Namah Shivay
Elliot wave analysis of Ashok Leyland.#elliotwaveanalysis #ashokleyland #elliotwave
Based on elliot wave principle , I have done analysis of Ashok Leyland.
Current view : If Stock breaks current resistance it will go till 0.618 level of wave 5 retracement.
Alternate view : IF stock finds resistance at current level then stock may continue consolidation.
Elliott wave projection: JSW Steel Trend AnalysisJSW Energy has been forming a downward channel for 22 weeks, and Elliott's projection illustrates the formation of a corrective structure.
Traders can short for the following targets: 289- 278 - 262
The corrective pattern started unfolding after a high of 408. Let's discuss wave formations and the Fibonacci relationship of correction.
Wave ((A)) is an impulse pattern and retraced 78.6% of wave 5.
Wave ((B)) is a double zigzag and retraced 61.8% of wave ((A)).
Wave ((C)) is unfolding its pattern, and it has broken down the descending channel of wave ((B)), which indicates that wave impulsive wave has started.
Elliott Wave Corrective Wave Theory- DYDX to $28 soon! Hi traders, pl. refer to the above chart for knowing how Elliott Wave Correction Theory is currently forming up on DYDX. Some pointers-
* DYDX has stopped forming new lows rather forming equivalent lows which shows end of an impulse downside move.
* We see huge volume expansion showing the interest of people
* We see RSI bullish exaggerated divergence meaning the Price is forming flatter bottoms but the RSI looks bullish as it forms lower highs.
* We have entered wave A
HODL
Elliot wave AnalysisNSE:TCS
Wave 5: In Elliott Wave Theory, wave five is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy in, right before the top. Volume is often lower in wave five than in wave three, and many momentum indicators start to show divergences (prices reach a new high but the indicators do not reach a new peak). At the end of a major bull market, bears may very well be ridiculed (recall how forecasts for a top in the stock market during 2000 were received)
The wave 5 lacks huge enthusiasm and strength found in the wave 3 rally. Wave 5 advance is caused by a small group of traders.Although the prices make a new high above the top of wave 3, the rate of power or strength inside wave 5 advance is very small when compared to wave 3 advance
Disclaimer: We are not a SEBI registered advisory firm nor a financial advisor.
Any of our investment or trades we share on our website are provided for educational purposes only and do not constitute specific financial,trading or investment advice.
Elliot wave Analysis # Sign of Exhaustion in WIPRONSE:WIPRO
Wipro board to consider share buyback on October 13; stock price up 5.7%
The stock made a new multi-year high of Rs 376.10 during early trades on Friday.
But as per EWT is concerned we are in the last leg of the motive wave which could finish around 401 to 432 odd levels to complete 1st Phase of impulse rally from April 2001.
Wave 5: In Elliott Wave Theory, wave five is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy in, right before the top.
The wave 5 lacks huge enthusiasm and strength found in the wave 3 rally. Wave 5 advance is caused by a small group of traders. Although the prices make a new high above the top of wave 3, the rate of power or strength inside wave 5 advance is very small when compared to wave 3 advance
Disclaimer: We are not a SEBI registered advisory firm nor a financial advisor.
Any of our investment or trades we share on our website are provided for educational purposes only and do not constitute specific financial,trading or investment advice.
Elliot Wave View: NATURALGAS Looking to Extend higher NATURALGAS BULLISH SEQUENCE
Short term Elliot wave view in NATURALGAS JAN Futures, suggests that cycle from 2nd November high is unfolding as a Impulse Elliot wave structure. On the 120 minutes chart, we can see wave MCX:NATURALGASF2021 1 of this Impulse is in progress
Elliot Wave - Bottom is out? or new EW-Cycle.A,B, and C corrective pattern is started or New Elliot Wave motive cycle is already started?
Harmonic Patterns exist.
We have to go lower timeframe for more clarity to determine tradable numbers.
Let's compare Elliot Wave of HINDALCO:
Longer & short TF - TimeCycle, NALCO.
=> Fundamental & Hindalco of the % move > relative to NALCO.
Banknifty Elliot wave analysisElliot waves on Bank Nifty Hourly charts suggests that possibly we have ended the C wave and likely to resume downside from here on. MACD also on the verge of turning negative. However Elliot wave structure can change on how the moves take place and how the internals shape up. Please check your own charts and act accordingly keeping your risk appetite in mind