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Nifty :Crab to Grab, Gartley to catch, Elliot to Watch ! The Pattern wings had similar color, so to avoid confusion , I m posting with different colored wings ! Sorry for delay ! All New Day I'm little elated today after two back to back boring trading days, bcos today we have potential trading opportunities. We have Crab to Grab in Resistance Zone, A Gartley to Catch within Range & Elliott to Watch Nifty Swings. Let's prepare our Arms n Guns and prepare Battlefield Strategies...! Strategy 1 : If Nifty remains within 8700-8750's, Don't attack directly with full-force. Hide n Strike like Gartley pattern which is hidden inside Crab,by scalping 10 or 15 points. Or if you use different strategy to trade, only do scalping within the above mentioned range. Strategy 2 : Bearish Crab - So for this to happen either Gap Up open in our resistance zone ( lesser chances I believe ) or Move up to Crab's end. This is also the completion of Elliott's Wave-3. So reversal means start of Wave-4 & Short trade by Crab. Now we will have doubt, why not get long on Wave-3 & ride till resistance zone, Well, there is no assurance Wave-3 will move as predicted, moreover we are on 15mins so Nifty may take any direction. We will be lucky if Gartley works fine on Shorting and we ride down breaking 8700's by trailing stops. Remember this is lucky scenario in Nifty and Nifty always makes us do hardwork, not easy winners. If Gartley fails our stops will be above 8747's, so we don't lose more than 8 points, a risk worth taking for Me. So please check your plan before proceeding. Just happened, pre-market @ 8743, will love it if market don't spike up n moves all the way down. Get Ready...! Happy Trading !
NSE:NIFTY
by InsiderB
10
Technical Analysis of LME INDEX Based on Elliott WavesTechnical Analysis of LME INDEX Based on Elliott Waves The information provided in this response is based on the analysis of the Elliott Wave chart and does not constitute financial advice. The author is not responsible for any investment gains or losses incurred by individuals who rely on this information. Elliott Wave Theory is a technical analysis method that identifies recurring patterns in financial markets. These patterns, known as Elliott Waves, are based on the idea that human psychology and behavior drive market movements. Key Elliott Wave Principles: Five-Wave Impulse: A five-wave pattern that represents an uptrend or downtrend. Three-Wave Correction: A three-wave pattern that represents a pause or reversal in the trend. Fibonacci Relationships: Numerical relationships between different waves, often expressed as ratios (e.g., 0.618, 1.618). Analysis of the LME INDEX Chart: Based on the provided Elliott Wave chart, it appears that the LME INDEX is currently in the early stages of an impulse wave structure. This suggests a strong uptrend is underway. Specific Observations: Wave 1: The initial upwave has likely been completed. Wave 2: A corrective pullback also looking done. Wave 3: The next wave is expected to be a powerful extension of the uptrend. Impact on Commodities and Indian Metal Stocks: The LME INDEX is a crucial benchmark for the metals market. Its price movements can significantly impact the prices of individual metals and related commodities. Indian metal stocks, such as Vedanta, NALCO, and Hindustan Zinc, are directly influenced by the LME INDEX. Educational Purpose: It's important to emphasize that this analysis is for educational purposes only and should not be considered as trading advice. The financial markets are volatile, and past performance does not guarantee future results. Investors should conduct their own research and consult with financial advisors before making any investment decisions. 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 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.
LME:LMEXLong
by RK_Chaarts
#Bitcoin Elliott Wave Count Analysis ( Ready for $44000 ?)#Bitcoin Elliott Wave Count Analysis Intermediate Degree: ▪️We are observing a potential wave (3) down of a descending impulse on the 1-day chart. ▪️Target: $48,000 - $44,000. Primary Degree: ▪️The 1-day chart suggests wave C down of a zigzag pattern is in progress. ▪️Target: $58,000 - $61,000. Cycle Degree: ▪️At the cycle degree, wave ((ii)) down of an ascending diagonal appears to be forming. ▪️Target: $52,000 - $58,000. Disclaimer: This analysis is based on current market conditions and the Elliott Wave Theory. Always conduct your own research before making trading decisions. Stay tuned for more updates and detailed insights. Please Like/RT & Appreciate
Short
by CryptoPatel
1
LIC Housing Finance: A Bullish Outlook with Elliott Wave and StrLIC Housing Finance: A Bullish Outlook with Elliott Wave and Strong Fundamentals Investment Thesis LIC Housing Finance (LICHSGFIN) presents a compelling investment opportunity based on both technical and fundamental analysis. Technical Analysis: Riding the Elliott Wave Employing the Elliott Wave theory, LICHSGFIN appears to be in a strong uptrend. Currently, the stock is likely in wave 5-(iii) of a larger wave 5 on the weekly timeframe. This suggests potential for significant price appreciation in the near term. Target Zones: Based on the Elliott Wave structure, analysts project near-term targets of ₹1140-₹1178. Stop-Loss Level: A crucial invalidation point sits at ₹546. If the stock price falls below this level, it would suggest a potential trend reversal, and exiting positions might be prudent. Fundamental Strength: Solid Financials LIC Housing Finance boasts a robust financial standing. Profit Growth: The company has witnessed a significant increase in profits, jumping from ₹589 crore in December 2022 to ₹1,473 crore in December 2023. Financial Health: LICHSGFIN possesses a healthy balance sheet with total assets of ₹281,937 crore. Additionally, the company maintains a respectable Return on Equity (ROE) of 11%. Shareholding Structure: Promoter holding remains constant at 45.24%, indicating long-term commitment from the parent company, LIC. Furthermore, healthy institutional participation is evident with FII and DII holding 21.91% and 21.76% respectively. Conclusion Considering both the technical analysis through Elliott Wave and the company's strong fundamentals, LIC Housing Finance appears to be an attractive investment opportunity for traders with a medium to long-term horizon. However, it's crucial to adhere to strict risk management practices and exit positions if the stock price falls below the invalidation level of ₹546. Disclaimer: This report is for informational purposes only and should not be considered financial advice. It's recommended to conduct your own research before making any investment decisions.
NSE:LICHSGFINLong
by rahulbhatia172
BANK NIFTY.... ELLIOT WAVES In recent days, we witnessed a decent fall in bank nifty. Thanks to the Elliot waves, we could make some decent profits in the market. I trust you've also been able to capitalize on these market movements. Looking ahead, I'd like to share my perspective on the possible market movement based on Elliot waves. I presume wave 3 is likely to end soon on the downside, somewhere near 45750. This is also the support line from where Bank nifty rallied earlier. The wave (v) of wave 3 is currently ongoing. This wave (v) moves in five waves, of which four waves are already completed. Tomorrow, I expect a gap-down opening or an initial fall that will complete wave (5) of wave (v) of wave 5. Can be easily understood from the chart. Bank nifty should resume upward movement in the form of a wave larger 4. I'm not planning to have short positions beyond 47500 and will enter long positions when I find a reversal. Trade carefully with appropriate stop-loss. Remember: The market is always right!
NSE:BANKNIFTYLong
by Stock-Holmes
4
Nifty Pharma Daily Chart: Elliott Wave AnalysisIntroduction: The Nifty Pharma index has recently caught the attention of traders and analysts as it presents an exciting Elliott Wave trade setup. In this analysis, we will delve into the Fibonacci relationships that have been observed in the labeling of the index, providing insights into the potential trajectory of the pharma sector. Understanding the Fibonacci Relationships: To comprehend the promising setup of the Nifty Pharma index, it's essential to first examine the Fibonacci relationships among its waves. Here's a breakdown of the key points: Wave 2 Retracement: Wave 2 displayed a sharp retracement, reaching approximately 61.8% of the previous wave's length. This deep retracement often indicates strong buying interest at this level. Extended Wave 3: Wave 3, on the other hand, was extended, reaching around 300% of the length of Wave 1. Extended Wave 3s are a positive sign of a strong bullish trend, as they reflect a surge in momentum. Shallow Wave 4: Wave 4 retracement, in contrast, was shallow, limited to the range of 23.6% to 38.2%. Shallow retracements between these Fibonacci levels suggest that bears had limited control, and bulls may soon take over. Anticipating Wave 5: Given the momentum of pharma stocks and the intriguing Fibonacci relationships observed, there's a strong possibility that Wave 5 could materialize. Here's what you should be watching for: Wave 5 Target: If Wave 5 unfolds as anticipated, we may set our sights on the 16,000 level as the potential target. This level could represent the peak of the Nifty Pharma index in this bullish wave. Conclusion: As the Nifty Pharma index continues to display these favorable Elliott Wave patterns and Fibonacci relationships, it's crucial for traders and investors to keep pharmaceutical stocks on their radar. The potential upside momentum in this sector could lead to exciting trading opportunities and, for investors, the chance to capitalize on the expected bullish trend. Please note that financial markets are inherently unpredictable, and it's essential to conduct thorough research and risk assessment before making any investment decisions. Market analysis and predictions are based on historical data and patterns and are not guaranteed to accurately reflect future market movements. Always consider your risk tolerance and consult with a financial advisor before making investment choices.
NSE:CNXPHARMALong
by Dev9939
KASPA-Near to ATH as per Elliott-Wave#KASPA Daily Chart Analysis Previously, approx. 10 days ago, I created $KAS #Elliott #ImpulsiveWave chart Pattern and it was moved perfectly and as per chart it will be soon break-out old #AllTimeHigh of $0.043 Target in this week and after that, its Correction Wave starts in August and break-down up to $0.033 cent approx.. from August end to Sept. it starts again boost-up to goes upwards as per Harmonic Wave Tangent. Always #DYOR and Trade wisely by using #StopLoss, its just #NFA & Must LIKE, SHARE and COMMENT on IT...
Long
by AskToRahulSirohi
SBI - 1 Hr- Elliott WaveHere is the Elliott wave analysis of SBI on 1 Hr Tf, the following are the inferences. 1. Security is in the downtrend. 2. Wave C is getting completed, major correction is going on. 3. Wave C is generally impulsive in nature, i.e results in sharp correction either time/price-wise. 4. First target already achieved. 5. 2-3 targets marked with fib projections. It might also change direction for an up-move, but that will be a sell-on-rise opportunity until a proper impulse starts upwards. Views are personal, only for educational purposes! Please don't treat this as trading advice.
NSE:SBIN
by KunalSaxena10