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EURUSD by Elliott Wave theoryOm Namah Shivay Elliott Wave analysis from 20-3-2020 of EURUSD, Have taken an impulse, the point V can be at the current level or can be more up too (currency elliott character may differ), the retracement from 7-1-21 has taken the shape of 3 wave correction. This correction should reach 1.20120 as per understanding. We have too see the lower degree chart to further confirm the regions and the movement. (There are multiple levels which are considered for invalidation and recalculation.) There are no recommendation. This is for education purpose only. Om Namah Shivay
by sudhannayak
Bharti Infratel - Long and Elliott correction wavesHi guys, The long on Infratel is based on various reasons: 1) At a crucial support juncture and showing signs of a good reversal 2) It's now in wave B of the corrective waves which is an up-wave here, thereby we can expect a small but a good upside 3) Telecom companies all seem pretty bullish (for eg: Airtel, Tata Comm both performed really well today) 4) No untoward news in Infratel right now Based on the Elliott, can expect an upmove till 218-224 range and then a good long downfall in wave 5. Not the most perfect Elliott if we consider all the rules/statistics to be considered (for eg divergence in leading indicators between wave 3 and wave 4) but overall a pretty strong setup.
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by IbankerSid
2
Elliott Wave : Nifty 50 - Motive phaseI have plotted only motive phase & will update for corrective phases. I think NIFTY will make the bottom around the 6800 zone. While forecasting the exact bottom is nearly impossible but we can use it to take short term positional trade. In two of my previous Nifty 50 charts, I have described how bearish candlestick is forming near Elliott wave 4. This further boost our confidence to take short positions. Assumption: I am assuming the fall between Feb 10 to 13 March 2020 was biggest fall of this Elliott Wave.
NSE:NIFTYShort
by abhishek_sh4
2
Elliot Wave Analysis of Bharti AirtelThe price moving in rising wedge and adhering to Elliot Wave rule. Impulse wave (i) - from level Rs 248.70 to Rs 561.55 Correction wave (ii) - price retrenched to fib 50% of wave (i) i.e Rs 405.15 Impulse wave (iii) - equal to fib 1.618 of wave (i) i.e., Rs 780.70 Correction wave (iv) - retrenched to Rs 628.05 i.e., is equal to distance of wave (ii) Impulse wave (v) - final leg of impulse wave is on and expected target will be fib 2.618 of wave (i) i.e., Rs 1067.75 with stop loss below Rs 755. Thanks -AJ Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
NSE:BHARTIARTLLong
by Indieconomic
1
BANKNIFTY trend forecasting using Elliott Wave Principle Price has made extreme high, and impulse moves have started a correction. According to Elliott wave price confirmation, Safe traders can enter when the price breaks wave B at 40160 . Sub-wave C of wave 4 is about to complete. If price breaks wave B, It has the potential to make a new high. At present, the price has neither made higher-lows nor sub-waves of wave 5. If the trader wants an early entry with a small stop-loss, traders must wait for wave ((2)) sub-wave of wave 5. The common retracement of wave '2' is 61.8 %, and wave '2' never overlaps the starting point of wave ((1)). If the bank nifty starts to move downward, it will make a new leg then start marching upward. Stay in touch for regular updates. Show your support with likes and comments. Thank you. Quote of the day "If you can learn to create a state of mind that is not affected by the market's behavior, the struggle will cease to exist."- Mark Douglas
NSE:BANKNIFTY
by forextidings
7