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TRANGLE & ELLIOTE WAAVE IN HDFC LIFEBUY : 682 TO 657 TARGET : 837 Reason For Buying This Script : In this script has formed Elliot way in monthly time frame & in weekly waiting for triangle pattern breakout. Once it break the triangle pattern the price will go in upward direction. This is good quality script try to accumulate more. Once it break the 837 and close above 837 level in monthly time frame means and the next target up to 960 . Note: Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target. ALL THE BEST...
NSE:HDFCLIFELong
by dayanithi555
Banknifty Elliot Wave AnalysisBanknifty formed Parallel channel post march lows. Currently in Wave 4 and correcting. Now probably forming Tripple Three Elliot Corrective Wave which is long and shallow correction (0.382 fib level) between 21000 to 23000. If it reaches 23000 levels and starts reversal then we can definetly say it as Tripple three elliot wave and can plan for wave Z. Price action suggest to go long ONLY on CLOSE ABOVE 22450 on 30 min chart Stop loss to be used 22200 target 23000-23100-23200. Disclaimer: Calculated and plotted values may differ with actual stock movement, this analysis can be wrong. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading. Please hit like button that will motivate me to do more. You can donate Trading view coins as well. Thanks :)
NSE:BANKNIFTYLong
by Niftydirection
13
Nifty Elliot Wave theory explained with projection of wave 4 NSE:NIFTY Till date Nifty on wave 3 on larger degree of Elliot wave Explanations:- ** If we subdivided wave into shorter degree or in 5 wave its match with Fibonacci retrenchment levels in all subdivision of wave 1. ** On wave 2 which is a corrective wave also match with Elliot wave rules and its take corrections within 50% of wave 1. ** On wave 2 subdivision are also match with corrective wave patterns. ** Now comes to Wave 3 which is need to match with Elliot wave theory where Fibonacci levels should be 161.8% of wave 1 , which is 11340 approx. ** If the wave 3 subdivided into shorter wave degree, we can see the 5th wave is forming and it has to be within 1.236-1.618% of wave , equal to wave 1 or 61.8% of wave 1+3 . ** So now comes to conclusion on 5th wave * Either 1.236- 1.618% Fibonacci levels of wave 4 which is on 11630 approx * Or equal to wave 1 which is 12450 approx * Or 61.8% of wave 1+3 which is also near 12457 approx ** Now end result till date on longer wave degree was as per Elliot wave theory and along with its subdivision of, if wave 5 on shorter degree is gone above 11600 it will decline the larger wave degree. ** So on the larger wave degree wave 3 is completed and now wave 4 is about to happen. *** On larger degree wave 4 which is corrective wave and which is as per rules * On 14.6% = 11102.50 * OR 23.6% =11864.10 * OR 38.2% = 10470.80
NSE:NIFTY
by atin28
15
SBIN - Elliot Triangle WavesSBIN closed just below the support at 188 after testing it for greater parts of the trading session today. BANK NIFTY also closed higher than previous weeks but could not break the resistance, which is why the stock's upward movement was arrested. The overall view is bullish with Elliot Triangle wave pattern for a bullish market as shown on chart. Holding View: Go Long - Buy on dips with SL at 184.5 for 194-196 & beyond Intraday view tomorrow: Buy above 188 for Targets: 190, 192, 194 & 196 with SL at 186 P.S. I have a bullish bias and existing long positions on the stock, as I have mentioned on previous linked ideas, so there is a good chance "I see what I want to see" ! It's super easy to fit patterns to justify underlying hypothesis!
NSE:SBINLong
by raj_rishav
10
Nifty weekly chart analysis Elliot wave from 1990 till 2019Here is a chart of weekly Nifty. Some observation from 1990 till 2019. So here I think we saw the highest level of Nifty @ 12103 which let us assume as completion of Wave 5(Elliot wave). Now we have entered the bearish zone which is going to be volatile as seen in the year 2k and 2008... 2019 can be the third phase of correction for the Nifty index. Now if you see the charts please also see that whenever the bearish wave C is complete it bottoms out somewhere near wave 4 low approx. So, if we assume that this is actually a slowdown and we may see a crash, our lows are placed somewhere near 6825 which is low of wave 4. This is just a probability of how the market could crash in the next 6 to 12 months. Right now we don't have any such events happening in our country that we may see 12k plus nifty so soon. The global economy is slowing down guys!!! Red thin lines near the CMP are the immediate supports. A selling is seen for the last 9 weeks which may result in a pullback. So, everytime we pull up, its just sell on rise. Do not invest every penny now. If nifty is seen at half levels from here everything will be at cheap levels. Be wise and rise in the market.
NSE:NIFTY
by abhijitgujarathi15
Nifty : Elliots & Corrective Waves Beginning !The simplest Elliot wave count & its potential corrective waves are shown in the above Nifty chart. The corrective waves(abc) just started, so it may or may not happen, we will findout soon what Nifty thinks. Before going into today;s analysis, Yesterday's Cypher was still valid, it neither hit My stops or Targets. So what we can expect today ? (i) There is possibility of Double Bottom around 8690's, but Nifty is Bearish, so it may turn risky (ii) If you are planning to catch the direction of corrective waves, go down a timeframe (5mins) check for any priceaction based or triangle/wedge breakout entries { Can be aggressive, so define your risk} (iii) Even if the support of Nifty at 8690 breaks down, I will be looking for Longs till 8660's zone. I will enter shorts only if I get chance with proper stops placement n risk-reward, else I will just sit n watch. No worries about following My plan. Even yesterday's BankNifty, we marked support zone, during the break of support -- I was just watching, bcos stoploss placement not insync with My Rules, so I was just watching BankNifty plummet, though we predicted yesterday morning. " Crazy Right ?? What kinda person predict & won't trade bcos his rules didn't allow ?? " - If you have these lines in your mind, Dear Friend... You have miles & miles to go in your trading career. Anyone got My point in last para or can someone say why I mentioned like that ? Note : (i) There are hidden things in above Nifty setup, Let's see who finds it out... { if needed will give clue later } (ii) While posting charts I'm always in hurry, so there are lot of typo's/grammatical err's happening. Though I notice few n rectify, some err's stealthily gets away. So Bear with Me for those Err's ! Happy Trading !
NSE:NIFTY
by InsiderB
18
The Elliot wave pattern continues? Yes or No? Lets watchin my previous analysis, i have mentioned that BTC is testing important resistance zone. and Yes, BTC was rejected from 30600 levels and now trading around 26500. It was my stop loss point in the analysis. But Now, BTC is looking bullish as pattern in 1 Day chart indicating towards the Elliot Wave Pattern. But also BTC is testing 100 MA support levels in a Day candle. Previously ( Highlighted in Orange circle ) it was tested at 20400 levels and you can see a bullish pump in BTC. are we going to face the same? well, i have feeling that Yes. but there are few conditions; 1) If we see the same pump as per previous time from the 100 MA support line, We are good and BTC can test the levels of 33K to 35K . Its a very strong resistance in terms of volume, as per my VRVP indicator. 2) If we see more downtrend, BTC going to test levels of 23K to 25K . from there we can see a pump in BTC to levels of 30K to 33K . Now, i was following my previous analysis, i have taken Short Position from 30200 levels and closed at 27500. Good Profit. BINANCE:BTCUSDT 😃😝. again, i have taken short position from 28700 and closed at 26200.🤩 Please dont forget to add stoploss in any of your trad. Have a safe trading!!!
by Mr_Mainra
CRUDEOIL --THE ELLIOTWAVE PERSPECTIVE IN QUESTIONBIGGER PICTURE OF CRUDE OIL ---- AS PER ELLIOT WAVE Crude oil has been in corrective mode since July 2008. I had 4 hurdles for crude oil to breach itself to go towards its life time peak...By the time I m posting this...its already through with the 3rd hurdle... CASE 1: If crude oil unfolds into motive wave sequence(1-2-3-4-5) and also breaches key level for bulls and bears...It may result in positive structure for crude oil...Bulls will be more confident then on...But this scenario is not good for economies importing crude oil... CASE 2: If crude oil fails to breach the key level for bulls and bears... bears may start smelling honey in crude 😀😁😉 As of now bull party🚀 is on...
TVC:USOIL
by ravaye27
#GOLD #XAUUSD #ELLIOTWAVE TRADING SETUPOFLATE GOLD HAS BEEN MAKING LOWER HIGH AND LOWER LOW STRUCTURE...BUT AS PER ELLIOT WAVE....THIS DOWN TREND APPEARS TO BE CORRECTIVE STRUCTURE.....HENCE WITH KEY SUPPORT BEING NOT BREACHED....AND I SEE AN IMPULSE SETUP AT THE BOTTOM AS SHOWN....AND CURRENTLY THE DOWN MOVE IN PROGRESS COULD BE CORRECTING THE IMPULSE....BUT TILL MAJOR HURDLE IS NOT BREACHED WE CAN TRADE THE SETUP AS ''PULL BACK SETUP''....ONCE MAJOR HURDLE GETS BREACHED...ONE CAN PLAN FOR TRADE WITH BIGGER POSITION SIZE... HAVING SHARED THE VIEW...SUGGEST THAT ONE SHOULD PLAN THEIR ENTRY AS PER THEIR RISK,KNOWLEDGE AND SKILLS AND TRADING STYLE... PLAN A: TRY TO ENTER AS NEAR AS POSSIBLE NEAR THE INVALIDATION POINT OR LOOK FOR REVESAL SYMPTOMS IN SUPPORT ZONE PLAN B:(FOR CONSERVATIVE TRADERS) TRY TO ENTER AS WAVE B GETS TAKEN OUT....FOLLOW UR OWN ENTRY STRATEGIES (BREAKOUT/RETEST/ANY INDICATOR SETUP) GOOD LUCK
OANDA:XAUUSDLong
by ravaye27
Deepak Nitrate in Third Elliott Wave with Cup and Handle breakDeepak Nitrate shows Bullish bias for 3rd Elliott wave target 870. Conversely it's cup and handle breakout with cup height ~260+600(breakout point) =860. Stoploss 550. Entry on any dip towards 600. If Wave 4 retraces 0.382=712 then wave 5 target 960-70 If Wave 4 retraces 0.272=772 then wave 5 target 1032 Calculations and actual movement in stock may differ ask your financial advisors before investing and never trade without stoploss. Hit like button and follow. Sorry for messy chart ;)
NSE:DEEPAKNTRLong
by Niftydirection
Nifty Wedge/ Parallel channel Formation Elliott wave AnalysisToday Nifty opened gap up and invalidated assumption of impulsive down moving Elliott wave. At gap up 11248 it confirmed since wave 4 touched wave 1 now its forming a wedge or parallel channel. Where wave 4 should end near 11268 which is 0.618 fib level. Next fib 0.786 11311. Stop loss 11325 Resistance 11270-85 will be difficult to cross. Wave 5 should start downside and end near 11055. Disclaimer: Calculated and plotted values may differ little with actual stock movement. Plotted wave count can be wrong. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading. Please hit like button that will motivate me to do more. You can donate Trading view coins as well. Thanks :)
NSE:NIFTYShort
by Niftydirection
1
NIFTY... ELLIOT WAVE COUNTING... BULL TREND STILL INTACT!The 5th primary Elliott Wave, which began after the decline following the election results, is continuing its upward movement towards the 26,000 mark. The secondary waves 1 to 4 (within the primary wave 5) have already been completed, and wave 5 is expected to resume its upward trend soon. This progression can be clearly seen in the chart. I am optimistic about seeing the Nifty reach 26,000 this year. Remember, the market is supreme, so trade cautiously.
NSE:NIFTYLong
by Stock-Holmes
KASPA - Soon Break ATH by Elliott Wave#KASPA 1-day Chart Analysis As per daily chart pattern, $KAS is moving into #Elliott #ImpulsiveWave Pattern and soon it's final wave near to completion as well it will be soon break-out previous All Time High of $0.043 cents too, while at present it is trading at $0.039 cents and KAS is already given 2x-3x returns from last 50-60 days, when Elliott Wave starts on 25 May 2023. After Elliott Wave Completion, it's Correction Wave Pattern will be starts and again it will be available around $0.031 to $0.033 cents and after that it's Harmonic Wave final cycle will be in completion to start another Bullish Sign towards $0.05 cents from Oct-Dec. 2023. It's our Analysis, you always #DYOR and Trade wisely by using #StopLoss. Also, Must SHARE, LIKE and COMMENTS on it...
Long
by AskToRahulSirohi