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zigzag correction in BANKNIFTY ELLIOTT WAVE ANALYSIS:- View-1:- It seems that a zigzag wave has completed. A bounce back looks like connecting correction wave B is forming, a little bounce back may happen to form a connecting waves in a correction form. View-2:- It seems that a zigzag wave has completed. An impulse wave was emerged and an impulse 1st wave was completed and a corrective 2nd wave was completed it seems to be an emerging of impulse 3rd wave . Expected a reasonable bounce back if the 43600 level sustains. If the level break and go down then there will be another zig zag formation may take place. T1=44439 T2= 44586 T3=44957 T4=45274-45615 For View 2 stop loss will be 43600. For wave 1 there will be no stop loss. i'm not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor.
NSE:BANKNIFTY
by n0m0ret0ss
8
Bandhan Bank Low Risk High Reward Tripple ZigzagDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. I may or may not trade this analysis --------------------------(((((LIKE)))))------------------------------- I am holding this stock so my analysis could be biased. So do your own study or ask your financial advisors before investing. Bandhan Bank in parallel channel right and making Tripple Zigzag pattern, now looks in longer consolidation zones, it will take time to come out of it. Long can be initiated near 280 Stop loss 250 for targets 450-480. After that another dip can be seen then it would give breakout of channel.
NSE:BANDHANBNKLong
by Niftydirection
2
ZIGZAG C WAVE IN ACTION.GET LONG AFTER WAVE A 5 WAVE IMPULSE STOCK HAS BEEN CONSOLIDATING FROM LONG TIME AND HAS MADE ASCENDING TRIANGLE SORT OF PATTERN FOR WAVE B OF ZIGZAG.LOOKS LIKE WE CAN GET ANOTHER 5 WAVE IMPULSE FOR WAVE C WHICH CAN TAKE PRICE TO 340 A TYPICAL 1:1 EXTENTION OF WAVE A FROM WAVE B END. ONE CAN GET LONG @ CMP OF 272 WITH A CLOSING STOP OF 239 ON DOWN SIDE AND TGT OF 292 AND 342 ON UPSIDE. DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. I may or may not trade this analysis
NSE:ANDHRAPAPLong
by UNDERDOG-29
zigzag wave ccurrent structure: zigzag 5-3-5 current leg:wave c sub wave 5 sub wave 2(this should form an ending diagonal) typical target zone for zigzag wave c is between 100-123.6% extention over here internal structure is supporting zigzag correction pattern but wave b has retraced wave a by 80%, where in a zigzag pattern wave b will not retrace wave a by more 61.8%,hence over here target for wave c can be taken between 61.8-100% extention level of wave a,also channel support is coming at 61.8% extention level. one should look to enter at 61.8% extention level that to partially once additional reversal sign are seen in that zone.Until then avoid getting long. DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. I may or may not trade this analysis
NSE:RELIANCE
by UNDERDOG-29
6
Real time example [zigzag] [Education]Let's talk about each waves of zigzag Our first question is, What is the Zigzag? In chart, a, b and c is zigzag which very easy to understand by picture. Its really easy to understand this wave counting if you read just below basic rules and Characteristics of Zigzags. Rules: - Wave A always subdivides into an impulse or leading diagonal . -Wave A always subdivides into an impulse or leading diagonal . - Wave B always subdivides into a zigzag , flat, triangle or combination. - Wave C always subdivides into an impulse or diagonal triangle.
NSE:GRASIMLong
by ChitrodaDharmik8090
BITCOIN: Elliott Wave & ChannelGreetings, everyone.😉 I would like to present a scenario for your consideration, grounded in "Elliott Wave Theory" . ✔️ Wave initiated from the 15K level: Classified as a "Double Zigzag" ✔️ Current wave in development: Y-c-3 ✔️ Projected upward range: 93K ~ 101K The rationale behind this analysis is as follows: Zigzag patterns typically move within a parallel channel. The first zigzag wave, which started from the 15K level, adhered precisely to this parallel channel. As a result, the likelihood of a complex correction occurring is considerably high. Based on these observations, I have constructed this particular scenario. It is an illustrative representation of potential market behavior, grounded in established technical principles. Wishing you all the best of luck🍀 This is not a buy or sell recommendation. It is a personal perspective and should be used for reference only. All decisions and responsibilities lie with you.
Long
by Killer_Whales
Start of New Impulse wave 3 or Zigzag C.Go longNazara technologies crossed it's listing day high on 14-09-2021,post which it has shown impulsive rise in 5 wave,after completing 5 waves,it has retraced back to 61.8% of prior impulse meaning forth coming move can be either impulse wave 3 of higher degree or an wave C of zigzag.In either case one can long at cmp of 2300 with a closing stop-loss of 2150. Conservative Target for zigzag wave C is coming between 3232-3900 Ideal target for zigzag wave C is coming at 3900 Ideal target for impulse wave 3 of higher degree is coming at 4980. Risk reward is looking extremely favourable at this stage and stock has breached it's down sloping trendline that it made during corrective wave B/2. Disclaimer:Analysis done here is just for my future reference,no position should be build or squared off on it's basis.
NSE:NAZARALong
by UNDERDOG-29
Kotak Bank Start of Cycle Wave 3 or Zigzag wave COn weekly chart Kotak Mahindra Bank has given break out of the falling trend-line and has given a close above it suggesting end of end cycle degree wave 2 or cycle degree zigzag wave B. In both the case's we can expect price's to show an impulsive raise in coming days which can take prices to the levels of 2785(incase of zigzag wave c by August 2024.) and 3490(incase of wave 3 by August 2024.) This price levels are typical price target for wave C Zigzag and wave 3 of an Impulse.Which scenario will play out only time can tell. On the downside stop-loss for this long trade is coming at 1660 which is about 15% from current price of 1938.Any weekly close below this level of 1660 will indicate exit from long trade. Risk reward for Zigzag pattern is 1:3 and for impulse is 1:5. One can keep trailing stop-loss of raising 0-2/0-B trendline. Also price seems to be following 18 week cycle,and current cycle is ending near 26 june,hence can expect minor low around that period,which can be a potential buying opportunity. Disclaimer:This are just my views on the stock no position should be solely taken on its basis.
NSE:KOTAKBANKLong
by UNDERDOG-29
Start of Zigzag wave C or Impulse wave 3.Get longAs depicted in the chart we have completed up move in 5 wave's followed by 3 wave corrective move.Hence it can be assumed that current rise from 68 is either a zigzag ABC or a start of new impulse,in either case we can expect this up move to continue and can take price between 92-100 levels. Target for zigzag wave c is 92-95. Target for impulse ave 3 is 100.75. As per classic elliot wave we have surpassed wave B top of 81 in todays trading session along with wave 5's top of 82.15 which is suggesting to go long with a stop-loss of 77 for above mentioned targets. Risk-reward for zigzag wave C is 1:2 Risk-reward for impulse wave 3 is 1:3. Today if we get closing above 81,then one can go long. Disclaimer:This are just my views on the stock,no positions should be taken solely on its basis,publishing this for my future reference.
NSE:SAILLong
by UNDERDOG-29
7
Cycle C of Zigzag underwayCycle Degree:Blue Primary impulse:red Primary Corrective:Yellow Monthly chart of Tata Steel is suggesting price raising in zigzag corrective pattern on cycle degree of which we are in wave C shown here in blue.As zigzag being a 5-3-5 pattern wave C is unfolding in an impulsive manner on primary degree shown here in red.This impulse has completed wave 4 recently and wave 5 is underway currently. Ideally wave 3 is found to be extended in an impulse but this being a commodity stock,wave 5 is often found extended.Equality target on cycle degree is coming at 480 level and wave 5 extention target on primary degree is coming at 360,which is still double from current levels. One can go long at cmp of 162.25 as price has recently broken its previous all time high of 153 as is sustaining above that breakout level from last 3 weeks post a pull back.On the downside a stop-loss of wave 4 low should be kept which is coming at 115 odd levels. Disclaimer:This are just my views on the stock,no position should solely be taken on its basis,posting this just for my future reference.
NSE:TATASTEELLong
by UNDERDOG-29
2