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Nifty & Bank Nifty elliott wave analysis for 25th jan onwardIs Bigger decline possible ????
Nifty & Bank Nifty elliott wave analysis for 25th jan onward
SBI: Flying with the Elliott Wave SBI made the bullish Elliott wave on the time frame. And completed 4 waves. The 5th wave and ABC correction are remaining. The expected completion of the 5th wave is 295.35 , and it is 61.8% of 1+3.
So, it has to cross 283.30 - 290 .10 to reach 295.35 . And if the trend crosses this, too.
After that, it will fall for a short time to make the A of the ABC correction. And the targets are the following 290 - 280 .
NIFTY Elliott Wave Analysis - ABC Correction TargetsNifty has touched the dynamic resistance (DR) level and started declining. At present, RSI is under 50 level. It's a sign of a downtrend.
Moreover, according to Elliott Wave theory, Nifty will stop climbing soon. And ABC correction will initiate from here.
Targets: 12460 - 12000 and below
Note: Selling pressure will come after a breakout of the support trendline. Don't sell above DR.
Silver and Elliott Wave in a bull MarketOm Namah Shivay
Brothers, Trying Elliott wave on Silver to find the market structure based on EW.
The structure is too early to confirm.
But a good learning and practice to make the future market structure before time. The structure of market always change and the prediction should be with time.
Starting counting directly from the top formation. Not considering the other structures from the bottom up.
Silver can be in a Triangle. To put a triangle on a bull market we have four options.
1. Ascending
2. Descending
3. Contracting
4. Expanding
And here if we try to fit, the expanding triangle is the option. But it is too early to confirm. There is no Fib. measurement done to calculate the future levels properly. But the structure can be as in picture.
This is a learning. There is no recommendation for trading.
Om Namah Shivay
Manappuram (Elliot wave )now in 8th wave of Elliot and made ahead and shoulder pattern at top .
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if it breaches itss neck line @ 145
then sell it below 145 for target - 135 which if next support for manappuran
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AdaniPorts tested with Elliot Wave and big breakout yet to happ NSE:ADANIPORTS
On this stock Elliot wave theory applied and try to find a big move within this stock and what I found till date
** Wave 1 already completed and Wave 2 also with respect of Fibonacci retracement levels .
** On wave 1 we can see a impulse wave with leading diagonal formation pattern and clearly match with Fibo levels in shorter degree waves also.
** On wave 2 also match with Fibo levels and its show zigzag type corrective wave.
** As we know mostly Stock and Forex have the biggest wave is 3rd wave which about to happen, So I am using Fibo levels for Wave 3 predictions which has to be 1.236-161.8% within this range mostly, which is around 405-469 zone but I preferred 450-60 for Wave 3 high.
** Now when and how we should entered in this Wave 3 ?
Ans: After breakout above wave 1 high which is 368 approx
** What will be our Target area ?
Ans: 25% should booked at 405 and afterwards 460 for rest if the 75% positions.
** Where we should put our Stop ?
Ans: Biggest challenge is going to be this one putting a stop this trade a fair stop should be 327-338 zone for out of this trade.
Note: Risk is completely yours, this trade can take longer time to complete.
Apollo Hospitals - Elliott Long - PositionalApollo Hospitals seems bullish along with other hospital/pharma labs companies
Reasons for long:
1) Long as per Elliott Wave 5th wave, in uptrend with a strong movement today
2) Above Fibonacci resistance, can continue up-move
3) Pharma/Hospitals are in overall up trend
4) Buy above
4) Targets essentially: Target 1: 1,535; Target 2: 1,550: Target 3: 1,584. SL: 1,519 (small one, SL has to be as per one's appetite and on technical analysis basis)
Hope you are all enjoying the EW analysis.
#Disclaimer: This is for educational purposes only. Trade at your own risk. Stop loss is essential. Trail diligently
Weekend series - BEL - Long above 98.35 and Elliott wave targetsHi guys, starting a weekend series where I will pick 1-2 buys and 1-2 sells for the coming week.. but of course there will be some pick through the week for intraday purposes as well.
Reasons for long on BEL:
1: Tweezer bottom on BEL at a strong support zone (level is drawn in the chart)
2: Strong ending after taking the strong support, so we can expect a good momentous long on Monday
3: The stock is above my daily fibo levels and no immediate resistances above 98.3
Targets:
1: Our initial target is obviously going to be the strong resistance at 103.5 levels to the swing high of 105.4
2: Beyond them the targets are 108/110/112 based on Elliott levels and option chain. TRAIL STOP LOSS DILIGENTLY
3: As this is the 5th wave, we can expect this to be a good long
#Disclaimer: Trade with a risk reward as per your appetite, consult your financial advisor.
Will update for the correction waves post the completion of the 5th wave.
Bharat Electronics BEL in Fourth Elliott waveBEL broken out of contracting triangle and moved like a rocket. Currently in 4th Elliott wave which is corrective in nature. All bonce towards 99 short opportunity with SL 100.2 target 96.4, 95.3, 91.7, 90.90
Disclaimer: All levels pointed on chart are forecast based on mathematical Calculations or chart based technical analysis which may or may not true. This analysis may not be suitable for all investors consult with your financial advisors before investing.
Infratel 4th Elliott WaveBHARTI INFRATEL currently in 4th Elliott which retraces 38.2 % of wave 3 should take this to 207-211 zones then 5th Wave which usually equals to that of wave 1 should complete near 268 (rally may start be before result?) as per wave projection.
Trade at your own risk.
Reliance 5th Elliott Wave StartedReliance started run-up post news on Jio platform investment by different well known companies which resulted in 3rd Elliott wave.
Post news digestion retraced nearly 0.38% which made wave 4
Wave 5 will complete near 1646-66 thereby making negative Divergence with indicator like RSI and then start corrective wave ABC.
All dip towards 1370 add opportunity SL 1300
ONLY FOR EDUCATIONAL PURPOSE TRADE AT YOUR OWN RISK CAPACITY
NIFTY ELLIOT WAVE Analysis---Reversal Either on 10340/10560As per the Elliot Wave FIBONACCI RULE---NIFTY Strong Resistance at 10340(1.4--FIBO) and 10560(1.61---FIBO)
HDFC Tripple Three Elliott wave patternHDFC LTD is trading in range and has made Tripple three 5 Elliott wave pattern in which waves W, X, Y, XX, Z are formed.
This pattern usually a little shifted in opposite direction of preceding trend (here it was down) hence you would see dotted orange trend lines.
Entry near 1520-1490. If on hourly chart closes below 1483 exit. Target 1690(Unfilled gap near 1705) by expiry,1845, 2000-50+.
Max pain for may series at 1600 right now 1500 major support as per option chain.
venta en NZDCAD PATRÓN SHARK y cumpliendo las 5 ondas de elliotventa en NZDCAD PATRÓN SHARK y cumpliendo las 5 ondas de elliot
SREE RAM TRANSPORT ELLIOTT WAVE PATTERNSRTRANFIN is trading in its b wave as shown in chart. As per Elliott wave perspective price may pause near 950 level. After base formation any pull back sign will give a good buying opportunity for 1700 price. Watch this stock carefully.
USDCAD - 04/04/2019 - Daily Forecast - Elliott Wave AnalysisUSDCAD - 04/04/2019 - Daily Forecast - Elliott Wave Analysis
HDFCBANK Elliot wave analysis for 04/01/2018HDFC bank may fall further to 2070 levels, It has just finished a second Impulsive (B) wave according to the Fibonacci and Elliot wave analysis, Thus Dragging down bank Nifty too with it.
NZDCAD ELLIOT WAVE study...NZDCAD ELLIOT WAVE STUDY KEEP WATCH TAKE MUCH PROFIT
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Hope this idea will inspire some of you! Don't forget to hit the like/follow button if you feel like this post deserves it
NIFTY ELLIOT WAVE FORMING KEEP WATCH POTENTIAL DROP NIFTY ELLIOT WAVE FORMING KEEP WATCH POTENTIAL DROP
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Hope this idea will inspire some of you! Don't forget to hit the like/follow button if you feel like this post deserves it
USDCAD ELLIOT WAVE LONG SETUPHI GUYS ONLY FOR EDUCATION PURPOSE
USDCAD ELLIOT WAVE FLAT CORRECTIVE WAVE FORMED
KEEP WATCH AND SELL OPPOURNUTY
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Hope this idea will inspire some of you! Don't forget to hit the like/follow button if you feel like this post deserves it
NIFTY - ELLIOTT WAVE ANALYSISIt is been observed on a hourly chart that the price action was correcting in a flat correction as per the Elliott Waves principles. It is a three waves structures marked as A,B,C. Now, after the completion of the sideway move or a flat correction, the price action moved sharply up to previous resistance levels but failed to break it and then retraces above the C leg, forming a higher low. Now, it is a indicative of prior trend continuation or uptrend.
Now, if Nifty stays above 8900 levels tomorrow then we shall surely see 9000+ levels next week.
In case, it goes beyond the 8900 levels then there will be a change in trend and it may take the price action further down to 8800-8780 levels.
I would appreciate if you could share your views on the above matter and also your analysis on Nifty in coming days. It will help traders to gain knowledge and an idea of the market.
Thanks,
