Reliance Monthly Elliot wave Analysis RELIANCE INDS Weekly Elliot Wave Analysis
Reliance Previous High was @ 1804.20 level
Reliance still seems to be in uptrend direction till 1854.70 to 1989.90 odd levels.
We are still in the 5th Impulse wave in Reliance.
Two more companies are said to be eyeing stakes in Reliance Jio Platforms, the $65-billion digital unit of Mukesh Ambani-controlled Reliance Industries, suggests a Bloomberg report. If these deals materialise, they would add to a growing list of firms that have recently invested in the Indian company.
US private equity firm General Atlantic was considering investing about $850 million to $950 million in the Mumbai-based company, a Bloomberg report said, citing people with knowledge of the matter.
The deal could be completed as soon as this month, though no agreement had been finalised and plans may change, it added.
Saudi Arabia's Public Investment Fund (PIF) is also considering to buy a minority stake in Jio, Bloomberg said in a separate report.
3 deals in 3 weeks: Mukesh Ambani’s plans on track to make Reliance debt-free despite COVID-19 pandemic NSE:RELIANCE
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ECLERX ELLIOT WAVE ANALYSISECLERX SERIVCES 1HT TF Elliot Wave Analysis
ECLERX is an Indian IT consulting and outsourcing multinational company based in Mumbai and Pune
Two way Scenarios:
1) INTRADAY TRADE
2) POSITIONAL TARDE
INTRADAY TRADE:
Buy around 395 to 400 odd levels,
Invalidation level @ 384.10
Expected Target around 407, 421 odd levels
POSITIONAL TRADE: (Holding Period 1 to 40 Days)
Buy around 395 to 400 odd levels
Expected Target around 627 level
Reason for this Trade:
We have completed 2nd corrective wave, overall we are in the Impulse wave with a huge potential target of 627 level
Nifty elliott wave analysisAs per long term elliott wave analysis (In red line) Nifty is in Deep correction and currently wave C is unwinding
The first 2 waves of wave C (In blue lines) are done and NIFTY is headed for a sharper wave 3 decline
as per fib Extensions - probable Targets of NIFTY on down side are 8700 and 8211
Post 8211 - Nifty would take a pause and would then continue the journey downwards to test 7500
Most of the third waves reach 1.618 Fib ratio and hence 8211 is a strong target
Timeline for nifty to test lows is by May end.
Learning
1. Higher potential on the short side
2. Perfect time to get out of all longs
3. Do not go on the long side till the wave C is completed.
*Above views are for educational purposes only and in no view am i recommending to trade. Kindly consult your financial advisor before taking any trades.
Britannia Elliott wave analysisHi,
I Am in the initial phases of learning elliott wave techniques
Below is the view for the current stock
Long term - the stock is currently in the 5th wave
Medium Term - the stock is in the third wave
Short term - the stock is currently in the 4th sub-wave of the larger 3rd wave
Would shortly commence with the 5th wave from the current levels
Buy levels are between 3145 and 3099
SL would be the high of sub-wave 1 (3000 +- 10 Pts)
Immediate target would be 3430
Please do share your views on the analysis in the comments.
* This is just for educational purposed. Please do not trade on my views.
NIFTY: Elliott Wave Analysis from recent lows of 10kFrom the recent lows of 10k the chart shows the major Elliott cycle in green. Waves 1,2,3 are completed. Wave 3 structure is shown in blue.
Wave 4 is under progression and is most likely be a flat/irregular correction or a triangle.
Wave 4a should complete around 11200-11450 region, before heading for Wave 4b upwards for 12106/12300 range, following Wave 4c should again retest the lows of 4a or slightly lower.
Then we should the final Wave 5 uptrend which should take us to 12700-13200 range.
Please do comment and provide any feedback. Do leave a Like and follow me to further follow up on my ideas.
ULTRACEMCO - ELLIOT WAVE 5 IN MAKINGHi All,
This idea is about Ultratech Cement
Mkt Cap - 3L Cr
ROE - 12%
ROCE 15.3%
P/BV - 5.56
MktCap/Sales - 4.7
FCF - 2k Cr
Technicals
Price action being published is on a 1 hour TF. As can be seen by the pattern, Elliot waves are in motion. Wave 1 was an impulsive wave followed by Correction wave (Wave 2).
Ideally Wave 2 should correct to 50-60% as per Elliot theory & that is what happened during Wave 2 formation.
Wave 4 corrected again by 30% and point 4 above point 1 which all points to the validation of Elliot theory.
Wave 5 is about to commence which is as per the theory strongest impulse wave.
Cement Sector as a whole is doing well due to boost in infra sector.
Happy Trading,
Thanks,
Stock-n-Shine
Elliott Wave Analysis of Tega Industries ltdWelcome to our fascinating journey through the Elliott Wave theory as we analyze Tega Industries.
What Tega Industries does?
Tega is a global leader in designing and manufacturing of 'critical-to-operate' consumables for the mining, mineral processing and material handling industries. The company founded by Mr. Madan Mohan Mohanka in 1976 is a multinational corporation headquartered in Kolkata, India.
Sources - Google
Let's dive into the world of waves
From the starting and up to August 2023, we've seen waves 1, 2, and 3 paint the canvas of price movements. Then, in late October 2023, wave 4 appeared, like a brief intermission.
Now, the thrilling part is, It seems we're in the process of unfolding wave 5. Think of it as the grand finale, often pushing prices to new heights.
In this case, it could even break past previous all-time highs.
Unveiling Elliott Wave Theory
What makes this theory intriguing?
Elliott Wave theory is like reading the hidden story of markets through patterns. It's about understanding the psychology of crowd behavior in trading.
The Big Picture
Here's the bigger picture:
Waves 1, 2, and 3 brought us up, reflecting the excitement of a new trend.
Wave 4 provided a necessary pause.
Now, we're in wave 5, signaling the potential for even more upward adventure.
The Takeaway
In a nutshell, our analysis hints at potential gains. But always remember:
Markets are full of surprises, and risk management is your best companion on this journey.
As with any adventure, do your homework, and prepare for twists and turns in the market's storyline.
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.
Elliott Wave Analysis of GoldHello Friends
Welcome to our Elliott Wave analysis of the Gold chart! This analysis helps us make sense of Gold's price movements by spotting repeating patterns. Think of it like finding familiar footprints in the sand.
Imagine Gold's price as a series of waves. Elliott Wave theory suggests that these waves repeat in predictable patterns. We'll be looking for five main waves within an overall trend and smaller waves in between.
The goal is to figure out where Gold might be in its current wave pattern. This can give us clues about whether the price might go up or down in upcoming days.
Remember, no analysis is a crystal ball. While Elliott Wave can be helpful, it's just one piece of the puzzle. Market news and events also matter.
By understanding these wave patterns, we aim to predict potential future movements in Gold's price. So, let's ride the waves of analysis and see what they might tell us about Gold's journey ahead.
Overall it looks little down first, then little big contra trend upside near $ 1910 or more, and then again down continuation towards $1820 - $1850 might be.
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.
Elliot wave counts of copper looks bullish post dips (if any)Hello Friends, here we had shared possible Elliot wave counts of copper on hourly time frame chart, in which it is showing that after impulse move as a wave 1 we are unfolding now correction waves as a (w) - (x) and (y), in which we had already finished and completed wave (w) and (x) now possibly we are in wave (y) of one bigger degree wave 2, so wave (y) may give some areas of dips too, which can be an opportunity to go Long at good levels, and an invalidation level is also mentioned on chart. 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...!
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.
Elliott wave possible counts of TVS MotorsHere we had shared video analysis of possible Elliott wave counts on TVS Motors chart.
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.
GOLD Possible Elliott wave countsHere we had shared possible Elliot wave counts of GOLD chart in which weekly, daily, 4 hourly and hourly all these time frames counts are aligned with each others.
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.