Elliot Wave Formation - FSLThe parallel trend channels typically mark the upper and lower boundaries of impulse waves, often with dramatic precision. Wave 1 and wave 3 are in sync with Elliott's rule which means formation of wave 5 is clear here. Wave 5 with uptrend and clear increase in its volume shows possible penetration into uptrend.
Possible up move will see around 78,in failure case the price may break the parallel channel below around 70 range.
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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.
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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.
BNF -> 42.2K Triple Top, Elliot Corrective Wave, RSI Divergence
1. BNF is forming triple top pattern on daily and hourly chart, this can correct till 42200 for further up move.
2. Motive Wave (12345) of Elliot Wave is almost complete, the corrective wave ABC is pending
3. RSI divergence exists at daily chart.
4. If BNF fails to break 44500 decisively, BNF can correct till 42200, so trade with caution
Disclaimer - The above analysis is only for education purpose.
Bank Nifty on Elliott Waves Bank Nifty on HTF is following the Elliott wave theory.
Basis the theory, a corrective wave is expected and that is exactly what the Option Data indicates as well.
However, trading against the trend isnt the best way and hence i suggest we wait for the Level shown on the chart before you invest.
This is my idea and for educational purpose only.
Let me know your thoughts and feedback in the comments section.
A corrective Structure ((a)) = ((c)) Elliott Wave.Corrective Structure ((a)) = ((c)) Elliott Wave.
By using Fib. Retracement wave ((a)) = ((c)) at 1307
There's highly confident trade setup can be below ((a)) = ((c)) for bottoming out.
The price is under the wave ((5)) of wave ((c)).
By looking closely, it's time to take entry in the deeper price for a u-turn.
The wave ((a)) and wave ((c)) also sign of a turning. This is a beautiful structure.
The whole corrective structure by using Elliott wave.
A parallel- Channeling technique :
Shortly, I will add more research on this post.
Bitcoin (BTC) Prediction for 2022 based on Elliott Wave AnalysisExpecting Bitcoin to touch USD 28700-26000 range before next Bull Run.
Waiting for BTC enter in this range fore fresh Long Term Investment.
Or will buy if identify the formation of any other bullish pattern.
This Analysis and Prediction is based on Elliott Wave Theory.
Elliott Wave View in NIFTY 50 IndexNSE:NIFTY
Elliott Wave View:NIFTY 50 INDEX (NIFTY) Looking to Extend Higher, could be an (EXPANDED FLAT)? (Short-term update) Exhibit 1st Interpretaion
February 09, 2022 By Diensh Naidu
The short-term Elliott wave view in NIFTY 50 INDEX (NIFTY) shows that we are looking for more upside to complete a 5 waves impulse structure, before a 3 swings pullback at least. A pullback in wave b ended at 16825.50. NIFTY then resumes higher in wave i with internal subdivision as another impulse (Diagonal) in a lesser degree. Up from wave a, wave b could end around 17511.8 to 17640.5 odd levels or else it could be an steep correction.
Wave ii pullback is building already and we are expecting an ((a)), ((b)), and ((c)) zigzag correction to complete it.
NIFTY should bounce again after end of wave ii to continue the rally and it needs to break 17800 level to confirm that wave 5 has started. The view of the wave b is valid as we stay above 17800 mark.
Disclaimer: The investments discussed or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and only after consulting such independent advisors as may be necessary.
sensex analysis (elliott wave theory with time wave analysis)as per my study all the impulse moves are over in Sensex according to Elliott wave theory.
52000 is the support level at wave C.
58700 is the immediate resistance at wave B
and according to time wave analysis some big move is expected around (oct 2023)
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.
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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
Elliott Wave _ HDFC LIFEThe analysis base on Elliott Wave Theory -resembles the Dow theory (HIGHER HIGH-LOWER LOW) means stock prices move in waves.
Elliott wave has two parts :
a) Impulse wave (Point 0-1, 2-3) , which net travels in the same direction as the larger trend, always shows five waves in its pattern.
b) Corrective wave (Point 1-2, 3-4) , on the other hand, net travels in the opposite direction of the main trend.
Five waves move in the direction of the main trend, followed by three waves in a correction (A,B,C).
In HDFC Life, 5th waves may give upside movement of 20%. Currently stock is consolidating - buy the dip.
Nifty Elliot Impulse Wave AnalysisNifty Elliot Impulse Wave Analysis:
Expected Nifty Long Term Target for Next Wave as below:
1) Nifty will retest the level of 15,450 from 16,300 around.
2) Long term target is 20,400 before major correction. This correction will decide the next trend of Nifty.
3) Expected correction points at this level is around 4,000.
4) Prior to long term target of 20,400 we will face the mid term trend corrections at levels of 17,300, 18,700 and 19,400.
Long Doge coin : Elliot 4 th to 5th wave travel ignited...Elliot wave and Fibonnoci analysis predicts the next target for dogecoin be 0.93 with a risk reward ratio of 1:3 ,with a waiting period of maximum 96 days from now as long as the SL is not trigered.
WARNING : kindly stick on with proper money management before entering any trade with a golden rule of risking less than 5 % of the total capital in every single trade.
Tata Motors - Go Short Now Elliot Correction Waves StartingA beautiful elliot wave is formed on 30 mins timeframe. Clearly shows that the Wave 5 was the breakout and now Tat Motor will enter wave A and correction can be seen till 298-296 levels . Intraday Traders and Swing Traders can go short now.
This is my personal view , not a suggestion.
ELLIOTT WAVE ANALYS ON ITC 19.04.2021BUY 193 TO 195
TARGET 246 TO 267
Reason For Buying This Script :
In monthly time frame it is forming as Elliott Wave , Now it is happening consolidation. Try to accumulate in bottom price.
193 is the best buy for this script, And one more conformation also given. In weekly time frame it is forming trend line & channel Line.
Note:
Above given levels are based on Monthly & Weekly time frame. Be patience it will take some days to achieve the target .
ALL THE BEST ....
BEL IN ELLIOTT WAVE ANALYSIS 31.03.21BUY 122 TO 125
TARGET 183 TO 190
Reason For Buying This Script :
In this script it is forming Elliott wave in monthly time frame , Now price was corrected and it turning to complete fifth wave.
So we can go for buy .
Note :
Above given levels are based on monthly & weekly time frame , Be patience it will some days to achieve the target .
ALL THE BEST ...
#DOWJONES INDUSTRIAL AVARAGE INDEX ELLIOT WAVE ANALYSIS Of late DOW30 has been making higher high and higher low structure. Now with this backdrop Dow30 can make one more upswing as per the Elliot wave analysis after the correction sequence ends...as shown in the chart
Plan A:
one can try to go long with confirmation in support zone(30421-29946)...if correction sequence continues till support zone as indicated...
Plan B:
If Dow30 halts before reaching support zone BEGINNERS(LESS EXPERIENCED) can wait till "wave x" gets broken to go long. Experienced traders can encash by entering @ the bottom... by keeping invalidation point as ''SL- 29653"