Elliott Wave Forecast - BANKNIFTY (Possibilities)Elliott Wave Forecast - BANKNIFTY
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ELLIOTT WAVE OF USDOLLAR INDIAN RUPEES DAILY CHARTelliott wave of usdollar indian rupees - daily chart
Elliott Channel Elliott Wave is all about making a correct channel. Count is very important becoz waves extend .
GBPUSDA MASSIVE BUY RIDE IS GOING TO OCCUR IN Gbpusd pair , i feel we will be moving towards the upside for the correction , let's see what happens
Wave Analysis NESTLE INDIA 1D Elliot Wave Analysis
Short Term Elliott Wave view suggests that the rally in Nestle India from March 23 low is unfolding as a 5 waves impulsive Elliott Wave structure. Up from 3.23.2020 low of 12200, wave (1) ended at 11705 and wave 2 pullback ended at 9047.50. In the chart below.
Wave (5) is in progress with the Target Price of 18200 to 19157 odd levels.
NSE:NESTLEIND
WAVE ANALYSIS PIRAMAL ENTERPRISE Daily Elliot Wave Analysis
May 8th, 2020
Wave 4 is not overlapped wave 1
In this technical blog, we are going to take a look at the past performance of Daily Elliott Wave Charts of PEL. In which, the correction started from 31st August 2019 (3229.45), The price started falling from its peak.
Another leg of strength in wave (5) should take place to complete the 5th wave.
The view is of short till 600 odd level & then will complete the structure.
NSE:PEL
Wave Analysis CESC Weekly Elliot Wave Analysis
In most cases a truncation forms in impulses with huge third waves, so if we come to the conclusion that if there's such a case, we should watch out for a possibility to have a failure in the fifth wave.
First & foremost wave 4 has not overlap wave 1,
Wave high was @ 642.95 level & wave 4 low was @ 642.60 level.
As we have completed EWP structure (Pattern) in The Calcutta Electric Supply Corporation or CESC is the Kolkata-based flagship company of the RP-Sanjiv Goenka Group.
Using proper Risk management is absolutely essential when trading or investing in a volatile stock such as CESC. Elliott Wave counts can evolve quickly, be sure to have your stops in and define your risk when trading.
The Stock will start correcting from its previous high of 668.70 (61.8% Retracement) till 480 (23.60% Retracement) level.
SHORT VIEW
NSE:CESC
Wave 4 of the same degree or wave 4 of one lesser degreeWhy did it fall because the 5 wave impulse was complete . I have not shown the Elliott channel it would be cluttering . But it sticks to the Elliot channel.
Shorting a bull market is not good.
So a buy at 283 (preferable) or at 250 ( u may not get).
I have observed that ABC after wave 5 is always bought into . So wave 5 in an impulse or a correction has been truncated
Silver In Flat ABC correctionDate 16.10.2023 silver is ABC correction
C wave Started C wave have 1 2,3,4,and 5 Wave
out which silver completed Wave 2 of C wave
Fall is Expected to Start will Update .......
As per Elliot wave analysis Silver is bearish
Bullish Trade to be avoided
waiting for conformation Big fall will expected Soon
This for Study Purpose
before trade Ask your self where is my Stoploss always follow Risk to reward
one day will you definitely becomes successfully trader enjoy the learning
Piramal PharmaPPL Pharma
Elliot Wave theory Study -
Piramal Pharma Made lows near 80-84 , It had been seen downtrend as per Elliot wave theory.
Here, is study for reversal as per Elliot Wave theory, for 4-5 months view
Targets 100, 110, 130, 145
SL near 76
This chart is only for educational purpose. Do your own study before taking any trades or contact to your financial advisor
Typical Ending Diagonal Characters One of the Most Interesting Point Observed by R N Elliott is Behavior of Mass psychology during formation of Top or Bottom
During Ending of Trend the entire Crowd is Bullish and they are so bullish that the Options seller for PE are selling Options @ throw away price
and CE options are sold at Highest Premium ever it can be sold , Open Interest, Sentiment Indicator , Momentum Indicator all are so bullish at this given point
R N Elliott discovered it and said this is kind of behavior occur when trend is about to end of its Current Move along with 2 degree higher time frame
He could able to describe it as Ending diagonal where the pattern visual formation indicate diagonal of Triangle ( its part of Triangle )
He named it as ending diagonal and it is in practice by all the Elliott wave Theorist / Practitioner
Hope you have understood it ,
Good luck
Wave Analysis Weekly Elliott Wave View: TITAN Correcting Cycle from March Low
May 10, 2020
Short Term Elliott Wave outlook in Titan suggests the stock ended cycle from March low at720.90 as wave (3).
Internal of wave ((1)) unfolded as a 5 waves impulsive Elliott Wave structure. Up from 3.23.2020 low, wave (1) ended at 1162 and pullback in wave (2) ended at 1332.85, Titan then continues higher in wave (4) towards 1044 and wave (4) pullback ended at 832.85.
The last move which is still pending @ wave (5) 712.35 level.
Short View NSE:TITAN
If you know it You will trade it Well i have seen many call them self as Elliott wave analyst , if you know it and you will trade it ,
What i mean here is when any one who learns the Elliott wave Principle and Guidelines in proper manner , they will immediately will understand the structure and the set up
I am referring here , this set up is one of the most safe set up you will find in the Elliott wave practice ,
Good luck
UPL-Wave 5(Starting)Fibonacci Ratio is useful to measure the target of a wave’s move within an Elliott Wave structure. Different waves in an Elliott Wave structure relates to one another with Fibonacci Ratio. For example, in impulse wave:
• Wave 2 is typically 50%, 61.8%, 76.4%, or 85.4% of wave 1
• Wave 3 is typically 161.8% of wave 1
• Wave 4 is typically 14.6%, 23.6%, or 38.2% of wave 3
• Wave 5 is typically inverse 1.236 – 1.618% of wave 4, equal to wave 1 or 61.8% of wave 1+3
Traders can thus use the information above to determine the point of entry and profit target when entering into a trade.
XAU/USD(Gold) lokks like formation of Ending Diagonal StructureELLIOTT WAVE ANALYSIS: All observations are clearly indicated in the chart.
Elliott wave is an road map to identify the direction of market.
Wave "1" : Motive wave completed
Wave "2" : Simple zigzag completed
Wave "3" : Motive Wave Golden wave also completed.
Wave "4" : Correction completed.
Wave "5" : Market structure trying to form an Ending diagonal , wait for structure formation so that gold can move downside upto 1650 level
Kindly hit the like button to forecast the chart like this further
wave c is complicated ??Hello Everyone
this is my first post
I make Elliott Wave but I'm not sure I can calculate Elliott Waves correctly because this is my first post you can comment me and right suggestion for me
thank you all of you
Classic Pattern of Edward & Magee stair cast Price action One of the 19 th century Famous Stock Market analyst , Robert D Edward and Joan Megee have made some
discovery in their analysis and they wrote book and article about it , they specifically identified method of price movement as
stair case Stepping , the move is self explainable, if you find the book in Google search for Download you can take time to read it
its having one of the most basic Foundation of identifying the trend and methods to follow ,
In this scrip also I am looking the same pattern repeating , stair case type moves in the price action
R N Elliott also explained in his view that these moves are extensions of Ongoing trend , Elliott did refer as one of the 3 waves i.e
Wave 1 , Wave 3 , Wave 5 , one of it will have extension in it during formation of Nonaggressive Impulse structure
We can also expect the wave 4 to terminate at or near the Top line of Channel
Tats all Friends Good luck
Wave Analysis Coal India Elliott Wave View: Short view till 116.45 level
May 5th, 2020
In this technical blog, we are going to take a look at the past performance of 4 hour Elliott Wave Charts of Coal India. In which, the correction started from 6th June 2019 (269.70), The price started falling from its peak.
Another leg of strength in wave (5) should take place to complete the 5th wave.
Therefore, I advise members not to Buy @ the Current Market Price, The view is of short till 116.45 odd level & then will complete the structure
NSE:COALINDIA
Bhatia Communication can go from 26 to 60 in 6 monthsPositional analysis for time frame 3-6 month
CMP= 26.5 on 29 october 2024
Fundamentals company is showing 33% in sales growth since last 3 years and 45.5% profit in the same 3 years. Promotor has more than 70% so the company is fundamentally strong.
According to Elliott wave analysis the price is about to start its Subwave 3 of main wave 3 after making 61% correction for subwave 2 of main wave 3.
perfect buying range 23 to 27 rs
stop loss= 19
target = 60
Prizor Can star its bullish run from here till 300 rsAccording to elliott wave theory, wave 2 is now complete as the price has given deep 78% correction.
Now wave 3 must start and can go till 300 as wave 3 will extend 161% of wave 1 and thus risk reward is very good of 1:5
Fundamentals also company has shown immense growth in sales and profits.
Promoter is holing more than 60%
So this company can be kept in portfolio for quick gains in next 3-4 months.
finance sectorfinance sector may follow this elliot, next level is 0.786%
if this follows the more bullish moves will look in finance stocks. also there is lower trendline, you may also follow this for trading
