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NSE Hindalco Industries – Elliott Wave View (Weekly Chart)Elliott Wave analysis suggests that Primary Wave (1) and Primary Wave (2) have likely been completed. The NSE:HINDALCO is currently trading in Primary Wave (3) , which is generally the strongest and longest phase of an Elliott Wave cycle. Within Primary Wave (3) , Wave i and Wave ii appear to be complete. The current price action suggests that Wave iii is in progress. Momentum indicators such as RSI and Awesome Oscillator remain strong, supporting the bullish trend. Key upside levels are: ₹1,295 - ₹1,620 - ₹1,750 As long as the Wave ii low remains intact, the bullish structure remains valid. At present, there is no major sign of trend exhaustion on the weekly chart. Therefore, the broader outlook remains positive, and any short-term correction may be considered part of the ongoing Wave iii structure.
NSE:HINDALCOLong
by forextidings
NSE Union Bank Enters High-Probability Reversal ZoneUnion Bank of India remains inside a long-term ascending channel on the 4-hour timeframe, showing that the broader trend structure is still positive despite the recent correction. The price is now trading near an important Fibonacci retracement support zone between 0.5 and 0.382 . Interestingly, the previous bullish cycle also respected the same Fibonacci region before continuing higher, suggesting a possible historical price reaction pattern. At the same time, the stock is approaching the lower boundary of the ascending channel, creating a strong technical confluence zone. This area may attract buying interest if market sentiment improves. Expected Targets: 174 - 182 - 196+ However, traders should remain cautious because the recent bearish crossover between the 50 SMA and 200 SMA indicates short-term weakness and reduced momentum compared to the previous bullish phase. Below 140 , the bullish structure may weaken significantly and the ascending channel setup could fail.
NSE:UNIONBANKLong
by forextidings
NSE GAIL May Be Preparing for Its Next Major Bullish MoveGAIL (India) Limited is currently showing a long-term bullish Elliott Wave structure on the daily chart. The stock appears to have completed a major corrective Wave (4) after a strong impulsive Wave (3) rally. The reaction from 0.618 region strengthens the possibility that Wave (4) may already be complete. Targets: 259 - 293 - 337 Failure to hold above the recent Wave (4) region could delay or weaken the bullish Wave (5) scenario.
NSE:GAILLong
by forextidings
4
Indian Oil Corporation (IOC) — Elliott Wave Research PerspectiveIndian Oil Corporation appears to be trading within a broader bearish structure on the daily timeframe, with price action continuing below both the 50-day and 200-day moving averages — indicating sustained medium-term weakness. Wave C appears to have resumed downward momentum after rejection from the resistance band. From an Elliott Wave perspective, IOC currently lacks bullish impulsive confirmation. Unless price reclaims and sustains above the invalidation level, rallies may continue to face selling pressure. The ongoing structure favors: Trend continuation on the downside Lower highs formation Defensive positioning until reversal confirmation emerges Targets: 126 - 119 - 113
NSE:IOCShort
by forextidings
1
GOOGL - Elliott Wave Final ShowdownGOOGL has dropped over 27.28% , reaching a minor profit-booking zone. The $150 level serves as a key demand zone, where a potential price reversal could occur. The formation is either expanded flat or a running flat on the daily timeframe chart. Confirmation is best observed near the lower trendline of the parallel channel. If bearish momentum persists, prices may decline further to the $142-$140 range before a strong rebound. Once the correction ends, the upside targets are $168, $180, and $195. A new low will form if the previous low is breached. Further research will be uploaded soon.
NASDAQ:GOOGL
by PDR_Research
NYSE:DOCS - Breakout Opportunity with Strong FinancialsSummary: NYSE:DOCS Doximity NYSE:DOCS has experienced a big breakout with a higher volume spike, indicating strong buying interest. The company's impressive gross profit margin, aggressive share buybacks, and solid balance sheet with more cash than debt make it an attractive investment opportunity. Additionally, Doximity has a very high Piotroski score, further solidifying its strong fundamentals. Fundamentals: Impressive gross profit margin Management aggressively buying back shares Holds more cash than debt on the balance sheet Very high Piotroski score Technical: High RSI, indicating strong momentum Relative strength is positive compared to the index Breakout after a period of consolidation
NYSE:DOCSLong
by hrishikeshrahalkar
ABCAPITAL Elliott Wave StudyTF - Monthly - Aditya Birla capital had broken out descending trendline at 80 . But, due to supply pressure, it couldn't make a new high again. It ends up making the same high(double top). AB CAPITAL has made a monthly consolidation range of 139 - 95 As per the monthly chart, AB CAPITAL can take support from 78.05 . Three reasons to consider this level: 1. AB CAPITAL has given five touches to this level. 2. AB CAPITAL had taken support and broken up the trendline. 3. AB CAPITAL can retraced 61.8 % at 76.45 , which is demand zone. If AB CAPITAL breaks down to 90 , then it will come to take support near 78.05. TF: Daily - AB CAPITAL has completed corrective waves A & B . Wave C of wave 4 is about to completed. We are getting similar confirmation that if AB capital breaks down to 90.05 , we can expect a support level of 78.05 . As per Elliott wave, wave 4 can complete near the previous 4th wave of lower degree. Wave 4 of lower degree is a 78.50 . We got the confluence zone as 78.05 . After taking support level, AB CAPITAL will start its upward march. I will update more information soon. Thank you! @Money_Dictators
NSE:ABCAPITAL
by PDR_Research
11
Bajaj Finserv: Elliott Wave Analysis & TipsBajaj Finserv has started it's final bearish, where we have seen a speculative boom downside. After breaking 50 & 200 EMAs , it started falling for wave Z . Traders can expect the following targets: 14631 - 14449 - 14176 . The Control line will work as a hurdle for intraday traders. Bajaj Finserv has formed in the descending channel for more than 27 weeks . It has broken the control line's channel also. That indicates bulls are not ready to expect a falling knife. Measurement of wave ((4)): Wave ((4)) can accomplish 38.2% of wave ((3)) at 14000 . Wave ((4)) can complete at the lower band of the parallel channel because the price has created a throw-out action. Sometimes, prices do not break the low of wave ((Y)) due to less momentum and supply deficiency. And it causes orthodox bottoms. After the completion of wave (z) of wave (4), the price will march for motive wave (5).If the price sustains above wave (X) at 17480 , Bajaj Finserv will move on for an all-time high. Note: ending point of the corrective structure is the starting point of an impulsive phase. I will update further information soon.
NSE:BAJAJFINSV
by forextidings
16
Rising Triangle formation in KPITTECHKPITTECH chart is forming a rising triangle after a good retracement. Rising triangles are theoretically supposed to breakout to the upside and continue the price higher but practically you'll find many examples where it breaks down below the rising trendline. on the upside, the price is getting rejected on horizontal resistance and forming hammers/spinning tops. Wait for it to break on either side to take a trade. if it breaks to the upside, one should wait for a retest of the trendline.
NSE:KPITTECH
by Sai_Kumar
BANKNIFTY Can't Wait to Fall – Even Without NIFTY’s Help Key levels: 36496 - 37060 Bank Nifty was following the uptrend channel from Dec 2020, and it had broke on 02 March '22. There's a new parallel channel unfolded. In the last trading session, Banknifty has created a shooting star pattern. And this pattern is a single line pattern that indicates an end to the uptrend. At the same time, it is close to a parallel channel resistance line. Moreover, advance traders must look at 100 EMA on it. These signs are signaling further decline. And that could be from the parallel channel's resistance line to control price. An uptrend possibility comes from key levels breakout. So intraday traders can use it as an invalidation level. Moreover, Banknifty prices can hike up to that level this week. If Banknifty doesn't cross/close above the second level, you should prepare for the following targets: 36000 - 35800 - 35400 below
BShort
by forextidings
6
Will BANK NIFTY Hit 37800 Today?Bank Nifty had stuck into the descending channel (DC) from 25 Oct to 07 Dec. The upper trendline of DC has broken and started moving forward. It has filled the 25 Nov gap yesterday and marching towards the supply zone. We have chances to see 37600 – 37800+ levels today. Intraday traders can take benefit of it. But you must note the second resistance of 36871 . It’s a barrier for buyers. If Bank Nifty remains under of it, then we may see an excess of this channel. And that will collapse the Bank Nifty prices from 36800 to 36300 – 35696 below. That’s why I have highlighted the supply zone in the above chart with a strict warning. I have used RSI and Stoch RSI together. The Stoch RSI is indicating a downtrend ahead. But, others (MA, DMI, & RSI) are throwing positive signs. Hence, you have to focus on the second resistance line only. Further any changes/details I will update during the market hours.
NSE:BANKNIFTY
by forextidings
3
Power Of Breakaway Gap !A breakaway gap occurs when the price gaps above resistance or gaps below support. Support or resistance, in this case, is often associated with a chart pattern, such as a trading range, triangle, wedge, or other patterns. Breakaway gaps often occur early in a trend and show conviction in the new trend direction. How To Trade A Breakaway Gap? The market moved sideways, forming a consolidation pattern. Enter a long position at the breakaway gap day close. These are possible initial stop-loss levels for this breakaway gap setup. You can then use this subsequent swing low to tighten your stop-loss.
NSE:RUPALong
by ChartsNovel