Elliot wave Analysis # Bullish View Phoenix MillsPHOENIX MILLS LTD
Daily Bar Chart (log scale)
Bullish Sequence
Medium term Elliot wave Outlook (Positional Trade Setup)
Confirmation to Buy @ CMP
Invalidation level @ 789
Upside Target: 885, 910, 944
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.
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Elliot wave Analysis # Bearish SequenceNIFTY 50 Index
30 Mins Candlestick (log scale)
Bearish Sequence
Short Term Update
Elliot wave View (FLAT Structure labelled as A-B-C, 3-3-5)
Nifty finished @ 15322.10 88.6 % fibo level on 12th March'21 our projection was @ 15419 level, but the index reversed from 15320 level.
Next Projected target for Nifty to the downside is @ 14736, 14367 & 14138.95 odd levels.
NSE:NIFTY
Elliot wave Analysis# Airtel Outlook NSE:BHARTIARTL
BHARTI AIRTEL Elliot wave Analysis
240 Mins (log scale)
Wave 4 in Progress, Sideways price movement
Expected downfall till 528 to 502 odd levels
Overall sentiment looks positive for Bharti Airtel
Overall trend is Bullish expected Target 683 to 700 odd levels in coming months
Disclaimer - Any of our investment or trades we share on our blog are provided for educational purposes only and do not constitute specific financial, trading or investment advice. The blog is intended to provide educational information only and does not attempt to give you advice that relates to your specific circumstances.
TATA CHEMICALS, Elliot Wave Analysis For every folks (investors) out there, my Elliot wave analysis is based on weekly or monthly time frame for long term Equity asset class (stocks) & Forex Market.
My study is based on Ralph Elliot, Elliott Wave Theory is a method of technical analysis that looks for redcurrant long-term price patterns related to persistent changes in investor sentiment and psychology.
Trading is not about being right or wrong,its a game of probabilities.
TCS Weekly Elliot Wave Analysis NSE:TCS
In this technical blog, we are going to take a look at the past performance of TCS Weekly Elliott wave Charts.
TATA Consultancy Services Limited is the biggest Indian multinational information technology service and consulting company, and is headquartered in Mumbai, Maharashtra, India. It is a subsidiary of Tata Group and operates in 149 locations across 46 countries.
In which, the decline from the 9/03/2019 peak of 2296.20 level.
With the sub-division of 3-3-3 structure labelled as WXY in each lower.
Also, the decline from that peak showed a lower sequence with more downside to take place.
SHORT VIEW Till 1500.60 level
Weekly Elliot Wave Analysis VOLTAS Weekly Elliot Wave Analysis
Continuing along the theme of Corona Virus stocks, this week Voltas. is next up in line.
It also remains very technical, and I think there could be a few more swings up before a longer term top is realized. Lets take a look at what they do as a company:
Voltas Limited is an Indian company specialising in air conditioning and cooling technology. The company is broadly structured into projects and products business. The projects business is divided into Domestic Projects Group and International Operations Business Group.
Voltas had an impressive Rally since inception. Also, the structure of this stock looks a lot better than many other plays I have covered so far.
With that said, the Elliott Wave view seems to be counting technically clean. Let’s take a look below at the WEEKLY view.
Voltas set all time highs in Feb 2020. From there Voltas had a clean impulse move down from 741 to 427.45 odd levels, (A) advance is currently underway.
Prices still have a bit more upside move till 571.05 to 603.25 odd levels.
As per weekly chart, the price can reach up til 571.05 level & then we can see a big correction in the price.
For long term Investors, I would Recommend to Buy around 386.30 to 470 odd levels.
NSE:VOLTAS
LUPIN WEEKLY ELLIOT WAVE ANALYSIS LUPIN Weekly Elliot Wave Analysis
The Corona Virus has provided some tremendous rallies in the healthcare and bio science sectors.
LUPIN,is one of those names that has gone parabolic with the COVID-19 spreading worldwide. It still remains very technical, and I think there could be more upside potential till 1106.45 level.
Lupin Limited is a multinational pharmaceutical company based in Mumbai, Maharashtra, India. It is the 12th-largest company by market capitalization, and the eighth-largest generic pharmaceutical company by revenue globally.
Right now, we have completed bigger wave structure within the (c) blue, The Rally has already been started @ 566.25 level.
The alternate view is that price will turn higher soon into the 1000 to 1106 area. Afterwards, it resumes lower again to complete the correction Phase as ABC or ABCDE pattern.
The Elliott Wave Theory is calling Lupin higher.
LONG VIEW NSE:LUPIN
STOVE KRAFT Elliott wave long term viewSTOVE KARFT : Buying dips after double three Elliott wave correction, Long-term investment pick
In this technical blog we’re going to take a quick look at the Elliott Wave charts of STOVE KRAFT published in members area of the website. As our members knew, we’ve been favoring the long side in STOVE KRAFT due to the fact that many Home appliances stocks been favoring more upside.
STOVE KRAFT (STOVEKRAFT NSE) has been trading in a huge up-trend since its inception in the market. The Symbol ended a Primary degree back in 2021 and corrected for 1.5 years until it found buyers again in recent time.The intermediate trend is sitll bearish and one should wait at least for 491 level to come.
The Elliott Waves Theory basic rule is that the market trends in five waves and correct in three waves as following chart shown in STOVE KRAFT
Long term Elliott Wave view in Stove Kraft suggests the rally to 1133.7 ended wave ((1)). Wave ((2)) lower is currently in progress. The decline from ((1)) peak is unfolding as an ABC ZIGZAG Elliott wave structure Down from wave ((1)).
One can accumulate the stock around 480-490 level for a long term target of 1000, 1200 level.
Discliamer: 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.
Classic Elliott Wave pattern Axis BankHave observed a complete Elliott wave bull cycle (1-2-3-4-5)
Stock is ready for bear cycle (A-B-C) from the current levels.
Target 436 on the short side
Time frame for reaching target - Minimum 4 candles max 12 candles (60 to 180 minutes)
If the stock doesn't open gap down - then the opportunity is huge.
This is my first Elliott wave analysis - kindly do not trade on my recommendations as this is only for educational purposes
NIFTY 50 Elliott Wave Analysis on DTFHello Fellow Traders,
This is my elliott wave analysis on Nifty 50 Index.
I am expecting nifty to touch 20500 in this 5th wave.
As per my learnings 4th wave is just completed on 18th Aug 2023;
if there is any room still to correct price can come till 18888 as wave 4 should not come in to range of wave 1 otherwise 5th wave journey is already started
once Price resumes it can reach till 20492.
How to count the Elliott wave and Methods to follow it Hi friends , I have seen most people complicate their life trying to find out some thing holly grill , and there is not holly grill in the stock market ,
all you do is to follow the method you believe , You will trade what you belief system ,
One of the known method widely used in Financial market is Research made by R N Elliott and they named it after his successful results and hypothesis
i have made small efforts in explaining the method i use , there is always conflict in the real time but individual will develop to identify the method to take
executive decisions , it all depends on how much you practice and how much you know the method you are practicing
Good luck
Bajfinance Elliot wave Study - The futureOm Namah Shivay
Brothers, Bajaj Finance looks a flat correction. The A of the flat is made, B making is in progress.
The B should be a 3 wave structure. Not able to catch the a,b of B from the current structure. There are some assumptions on the movement, structure will be clear going forward.
If the levels are respected, trend line is respected, then it should go up.
The C should be an impulse and may show sudden/steep structure.
This is just and analysis of Elliot wave to the stock. There is no trading advice or suggestion.
Om Namah Shivay