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#Ethereum Super Bullish Elliott Wave Analysis Towards $10,000#Ethereum Super Bullish Elliott Wave Analysis Towards $10,000 Target 1️⃣ ((C)) Zigzag Pattern: On the ETH/USDT 1D chart at the cycle degree, wave ((C)) of a Zigzag pattern appears to be unfolding. The projected target for this wave is $3,250. 2️⃣ Diagonal Wave 4: On the $ETH1D chart at the primary degree, Wave 4 down of an ascending Diagonal is currently in progress. The anticipated target for this corrective wave is $3,050. 3️⃣ Diagonal Wave [ ]: On the #ETH 1D chart at the Supercycle degree, Wave [ ] of an ascending Diagonal seems to be developing. The projected target for this significant wave is between $9,000 and $10,000. Please Correct if I'm Wrong & Must Appreciate if you Happy with My Analysis. Thank you Family. Stay informed with our detailed technical analysis.
GEMINI:ETHUSDLong
by CryptoPatel
HDFC Life 75 Mins Elliott Wave Set UpIn the realm of technical analysis, the 75-minute timeframe chart of HDFC Life has unveiled a compelling Elliott Wave setup. A closer inspection of the recent retracement indicates a potential Wave 4 correction in progress. Let's delve into the Fibonacci relationships inherent in this labeling. Wave 2 retracement was contained within the vicinity of 50%, while the extended nature of Wave 3 surpassed 162% of Wave 1. Notably, the current Wave 4 retracement appears shallow, confined between 24-38% of Wave 3. Even if it retraces around 38%, the target would be approximately 663. The overall setup suggests a promising probability of Wave 5 materializing. As such, one might consider capitalizing on the recent decline, setting a stop loss at 655 for targets in the range of 705-710 within the short to medium term.
NSE:HDFCLIFELong
by Dev9939
Silver Possible Elliott wave countsHello Friends, Hope you are doing well, Here we had shared possible Elliott wave counts on Hourly time frame chart of Silver in which we can see that we have completed wave 1 as impulse and now we are in wave 2 as a correction, in wave 2 we have finished wave A & B and now we are in second last leg of wave C. Wave C should unfold as five subdivisions as a wave (i), (ii), (iii), (iv) & (v), in which we had completed wave (i), (ii) & (iii) and now we are in wave (iv) of C and still we have to fall one leg lower as a wave (v) of C. Here we had marked one Horizontal pressure zone as a red colored zone, where price got support couple of times and also got rejections couple of times, which may again provides resistance and wave (iv) may complete there, Co-incidentally major exponential moving average like 200 is at same level of pressure zone which can provide resistance at least once because price is below 200 EMA on hourly chart, While same 200 EMA of daily time frame is below current price levels and at same Fibonacci level of 1.618 which can be target level of wave C as per wave A and B. where wave (v) of C can fall and complete. Overall, looks bullish, but still one leg down may come before the rally, Down leg we may see a good bullish divergence in price along with indicators like MACD and RSI etc. it could be an opportunity to go long, 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. Hourly time frame EMAs Daily time frame EMAs 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.
TVC:SILVER
by RK_Chaarts
6
Khaitan Chemicals and Fertilizers Limited | Elliot Wave AnalysisKhaitan Chemicals and Fertilizers Limited is engaged in the manufacturing of Single Super Phosphate Fertilisers, Sulphuric Acid and its variants, Processing of Oil Seed and selling of Wind Power. The Company has India’s largest Single Super Phosphate (SSP) production capacity and SBI has released 37,995,680 (39.17%) pledged shares of the promoters in Dec 2021 as the promoters have prepaid the entire term loan due. (Source: NSE) (p/e = 14.5; mcap = Rs 1128 cr; roce = 19.1%; roe = 15.3%; promoter holder = 74.99%) The technical analysis based on Elliot Wave Theory: Impulse Wave: The first wave (i) was from Rs 20 to Rs 81 in uptrend and with EMA 21 support. The third wave (iii) was from Rs 66 to Rs 118 and equivalent to 1.618 (fib level) of (i) wave. Correction Wave: The second wave (ii) was a correction wave from Rs 81 to Rs 51 i.e., retrenchment to fib level 0.50 of (i) wave. The was consolidation in descending triangle and given breakout as mention in chart. The fourth wave (iv) was from Rs 118 to Rs 90 and equivalent to (ii) wave. The consolidated and given a falling wedge breakout (entry level) as mentioned in chart. The fifth wave (v) in an impulse wave and target will range from Rs 180 – 200. Note: The others factors considered was moving average, volume and multiple chart pattern Thanks
NSE:KHAICHEMLong
by Indieconomic
NIFTY Research Report 1: Elliott wave & sentiment analysis Time-frame: Daily Research report: Elliott wave and sentiment analysis Wave ((1)) Price has started an impulsive structure on 24 March 2020 . It has exceeded the supply pressure by creating demand. Wave ((1)) formed as a leading diagonal because there was the existence of seller and supply pressure. All the fundamentals were bearish before this move. So, it was a bit risky to think about a trend change without any proper signal. Price has made a high of 9989 , and the fifth terminating wave completed the wave ((1)). It has started falling downward, and traders thought that price could make another leg down. Wave ((2)) 5th sub-wave has completed the wave ((1)). Once again, the price hasn't signaled trend change, and the bearish perspective was less risky than the bullish perspective. Corrective wave 2 formed a sharp correction, but it couldn't break the 50% level, and the price surged. Price made a higher low. Wave ((3)) Price broke the high of wave ((1)) at 9989 , which has given evidence of an impulsive atmosphere. The price is going for a new high with heavy demand pressure, which has crushed supply pressure. Bullish fundamentals and public participants have skyrocketed towards a new high. Sub-wave of wave ((3)) Sub-wave 1 is an impulse at 1032 . Sub-wave 2 is and sharp correction. Sub-wave 3 is an impulse with 161.8 % Fibonacci Extension. Sub-wave 4 is deep correction at 10790 . Sub-wave 5 is the power extended wave at 15431. Wave ((3)) has made a high of 15431, and public participants started booking profit. Wave ((4)) After creating a high of 15431, buyers got surprising disappointment. Price has started falling due to short-term bearish sentiments and the profit booking. Wave ((4)) is a double zigzag pattern w-x-y, which indicates the single correction was not enough to correct the strong impulse move. It has an alternation of the triangle. Price has completed corrective wave ((4)) at 14151 . Wave ((5)) After the accomplishment of wave ((5)), the price started a bullish move. Price broke wave X, which signaled a bullish atmosphere. Due to surprising disappointment, the price move is not as strong as we have seen in wave ((3)). sub-wave of wave ((5)) Wave 1 is a five-wave impulse Wave 2 is a less time-consuming wave. Wave 3 is a normal extended wave. Wave 4 is a deep correction triple zigzag (w-x-y-x-z), and broadning wedge. Wave 5 is forming and has confirmed its bullish move by breaking wave X. Conclusion: I have the following reasons to consider the current move as an impulsive wave. Wave counts without invalidation. Price broke the X wave of the corrective structure. Sub-wave 4 of wave ((5)) retraced 61.8 % of wave 3. As per rule, the 4th wave can't retrace more than 78.6% of wave 3. Scenario 1: Price is on the bullish momentum, but if price breaks down the wave X to take support, we can expect the following levels: 17790-17528-17316. Scenario 2: If the price is refusing for a retracement and continuously creating new highs, we price can go for 18600- 18825+ ---------------------------------------- Research Report 2: Price action analysis Research Report 3: Multiple time frame analysis using EWT & Price action
NSE:NIFTY
by forextidings
5
#elliottwave analysis on #banknifty till 31th Dec'21#elliottwave analysis on #banknifty @ 35,618.65 on daily time frame. Period DMA MA50 38165.54 Sell MA100 37252.45 Sell MA200 35734.42 Sell Pivot:- 36,697 FNO analysis:- Highest CE writers @ 36,000 and put writers are seating at 36,000 35,500 & 35,000 Aggressive call writing at 36k levels. PCR 0.4775 and max pain at 36,000 levels. Technicals:- Last month Low:- 35,327 If this low is breached, don't long in the index until 37,581 is crossed. Note:- If low is respected, then wave 5 truncations might happen and we might shart moving in a new direction and a short-term low can be formed here. This is view is for the next 2 to 3 weeks, the market is currently in an oversold region and bounce might not be taken as reversal till we crossed above 37,581. On intraday market might go up due to deeply oversold. Regards, SG
NSE:BANKNIFTY
by subhagghosh
2
PGHL: Elliott Wave TheoryThe PGHL is in the correction phase of Elliott Wave. Last wave (5) has been over at 7472 levels and 9 months was time frame. Further, ABC correction started, A is about to complete this month (Nov-21) with 61 % fib retracement from Top levels (7472-2891 = 4581 * 61.18% = 2802; thereby, 7472 - 2802 = 4670 completion of wave (A)) with the same time frame of 9 months. Wave (B) will be from Dec-21 to Aug-22 from the 4670 levels to 6383 levels. Wave (C) will begin in Sep-22 from 6383 levels and expected to complete in next 9 months by May-23 at 4670 levels. This will complete the cycle and a new progressive wave cycle will start after Jun-23. I will keep posted.
NSE:PGHL
by Rohit_Tomar