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CEAT LIMITED – WOLFE WAVE PATTERNNSE:CEATLTD | DAILY CHART ANALYSIS Wolfe Wave — Pattern Recognition: A Wolfe Wave is a 5-point reversal/continuation structure that reflects natural market equilibrium-seeking behavior — price oscillates between two converging trendlines before making a sharp move to retest the "EPA line" (Estimated Price at Arrival). Mapping chart's points: Point 1 → first swing high Point 2 → swing low Point 3 → higher high Point 4 → higher low (inside the channel formed by 1-3) Point 5 → final swing low, pierces/tests the 1-3 trendline (your lower dashed line) The two dashed diagonal lines you've drawn (upper: connecting 1-3, lower: connecting 2-4) are the classic Wolfe Wave "channel," and price is expected to move toward the EPA line — the extension of the line connecting points 1 and 4, projected forward. That matches the upward-sloping black dashed line and target circle around 4200 on your chart. CEAT LIMITED – WOLFE WAVE PATTERN 5-point reversal structure complete, price breaking out of the wave channel 🎯 Target (EPA Line): ~4,200/4400 ⚠️ Not investment advice — educational purposes only.
NSE:CEATLTD
by hardeepssethi
2
Elliott Waves: SCI Ltd Bullish Structure intactHello Friends, Welcome to RK_Chaarts, Today we’re looking at the Shipping Corporation of India Ltd chart from an Elliott Wave perspective. The structure looks very clear. Cycle degree Wave III ended at the July 2024 high, and Cycle degree Wave IV ended at the March 2025 bottom. After that, we started unfolding Cycle degree Wave V, which should have five subdivisions of Primary degree. Out of those five, Wave ((1)) topped in June 2025. Then Wave ((2)) came as an expanded flat and bottomed in January 2026. So Wave ((2)) is done, and now Wave ((3)) is running. Going one degree lower, inside this Primary Wave ((3)) we’ll also get five subdivisions of Intermediate degree. Here, Wave (1) and (2) are complete, and Wave (3) has already started, it even gave a trendline breakout. If our counts are correct, this is a very bullish scenario and it could continue higher with strength. Nearest Invalidation level for these wave counts is low of wave (2) Intermediate degree (Blue) which is 217.50. Note: This post is purely from an Elliott Wave structure point of view. Many possibilities exist, and right now we’re focusing on one potential scenario that looks very clear to us. But this is the market - if any swing low breaks or something changes, we have to accept it and the wave counts can change. For now, this is what we see from an Elliott Wave perspective. Let’s see how the market unfolds from here. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:SCILong
by RK_Chaarts
4
Tough Times ahead for Nifty. 26277 Top for some years?Nifty has been in Bull run for some Years now. 2008 to 2020 - Wave 1 Impulse 2020 Crash - Wave 2 Correction 2020 to 2025 - Wave 3 Impulse 2025 to 2026 - Wave 4 Correction 2026 2027 Onwards - Wave 5 Impulse Let's Break Wave 4 It may take place in Double or Triple wave Combo. The Corrective Wave ends in 3 or more Legs. Wave A - 26k to 22k. Wave B - 22k to 25.5k Wave C - 25.5k to 21k Next Set of Legs - to Follow in New idea. This would be the 1st of the Corrective Combo that is expected to end around 19k By 2026 2027. Now could be the Time for Wave C with rejection from 0.854 of Fib retracement of Wave A. It looks like Wave C is about to begin.. Let's meet at 21k 🫣 RSI - Circled - to be noted. All The Best🥲 Short Trade Activates below 24750.
NSE:NIFTYShort
by DrAnandM
19
Elliot Wave Analysis for Nifty | Direction for April 7thNifty 50 is in 4th Wave of the Ongoing Cycle. Now as per rule of Alteration, if second Wave was sharp, fourth Wave is most likely to be a sideways. Also if second Wave was complex, 4th Wave is more likely to be simple. Considering these rules, it is evident that current Wave could be a flat Wave of either simple type, or running flat type or extended flat type, Amongst three, extended flat Wave is very less likely because it can breach the tunnel. The tunnel is created using peak of Wave 1 and Wave 3 and drawing a parallel to it that touches bottom of Wave 2. As per elliot Wave analysis, Wave 4 is very less likely to breach this Zone. Thus, it will stay within it. Now within it, it doesn't have much room to go down. So only regular flat or running flat is possible. Amongst the two, my assumption is it can go on to become a running flat Wave. For that, it can go as low as fib retracement level of 61.8% at 22697 mark. From there it can most likely reverse and complete the wave B of Wave 4. Thereafter it will again fall to Wave c which since it will be a running flat, will end above the bottom of Wave A. This is my analysis. Open the community views. Discl: for learning purposes only, not buy sell recommendation.
NSE:NIFTY
by fvs99
City Union Bank completed a Wave 4 on Weekly timeframeCity Union Bank has been in an uptrend since February 2009 and has recently completed Wave 4 in a triangle pattern. Now, it is poised to form Wave 5 in the coming weeks. A conservative approach to maximize gains from Wave 5 is to enter the market at the right moment, which is when the stock starts trading above Rs. 181, marking an entry over Wave D of the triangle. This strategy aligns with the principles of Elliott Wave Theory, where Wave 5 typically represents a final upward movement in the trend. By waiting for the stock to trade above Rs. 181, you can potentially capture the gains from this anticipated upward movement.
NSE:CUB
by rajnish_jana
ICICI Bank forming a Potential Wave CICICI Bank began gaining momentum after its Q2 earnings for FY 23-24 in October 2023, starting from a low of Rs. 899. Over the past year, it completed an impulse wave, culminating in the 5th wave as an ending diagonal on December 17, 2024, with a high price of Rs. 1362.35, marking a rally of nearly 463 points. Following this, ICICI Bank entered an ABC correction phase. It completed Wave A on January 23, 2025 (37 days), with a low of Rs. 1186.00, a decline of approximately 176 points. Wave B formed on February 4, 2025 (12 days), reaching a high of Rs. 1280.50, which is almost 50% of Wave A, a typical Elliott wave correction. Currently, ICICI Bank is in the process of forming Wave C and could potentially see a low of Rs. 1100.00, targeting at least 176 points before its earnings update on April 21, 2025.
NSE:ICICIBANKShort
by rajnish_jana
1
Title: Nifty 50: Downtrend Persists, But a Reversal PossibleNifty 50 has dropped 12% from its all-time high, causing fear in the market. However, a Wolfe Wave pattern suggests a possible bounce. After peaking at 22,277 on September 27, 2024, Nifty has been falling, with a brief rise on November 21, 2024, before hitting a new low of 22,786 on January 27, 2025. The short-term correction seems over, and an upside move toward 24,900–25,000 is likely, though risks remain—stop-loss is essential. Disclaimer: This is for information only, not financial advice. Do your research before investing.
NSE:NIFTYLong
by karuneshBajpai
Elliott wave count: we are in Wave 4-5I will present my way of counting Elliott waves to identify the upcoming local top of BTC. Each Elliott wave researcher and practitioner will have their own way of counting, and each counting method has its own basis and weaknesses. I hope to receive feedback from traders who use the Elliott method. For those traders who do not use this method, please feel free to refer to it if you find it interesting or useful. 1. BTC has broken the downtrend from the end of 2021, and I consider the start of the impulse wave to be late November 2022. Wave 0-1 extended until April 2023. 2. The duration of Wave 1-2 is not shorter than the duration of Wave 0-1, therefore Wave 1-2 ended in August 2023. 3. Using ExFibo, I determined that Wave 2-3 = 1.618 Wave 0-1. Wave 2-3 ended in March 2024. 4. The duration of Wave 3-4 is not shorter than the duration of Wave 2-3, therefore Wave 3-4 ends in September 2024. 5. The most important thing right now: predicting Wave 4-5. Wave 2-3 was larger than Wave 0-1 so there is no limitation for Wave 4-5. I can list some cases that we can follow: a) Wave 4-5 = Wave 0-1 => BTC may form a local top at ~$103K. b) Wave 4-5 = Wave 2-3 = 1.618 Wave 0-1 => BTC may form a local top at ~$155K. c) Wave 4-5 = 1.618 Wave 2-3 = 2.618 Wave 0-1 => BTC may form a local top at ~$295K.
INDEX:BTCUSD
by MrSpasybo
Bank Nifty - Next 2/3 days - current week - 15 Mins TFConsidering we have uncertain times and the chart's formation is also not providing clear direction of where the market seems to probably trend, we will go step by step and try to decode what market is forming on 15 Mins TF this week. As of end of market today, we have the following chart formation available. As per Elliott principle, we have 12345 completed from major swing low on 15 Mins TF and now we are in correction mode. Either of these possibilities exist: 1. We may be in ABC-ABC-ABC formation as per blue path line. 1 leg done, 2 remaining 2. We may have completed the ABC formation and now market needs to give good impulse from tomorrow for 12345 formation as denoted by green path line We still can't go for proper bearish formation as the major swing lows/demand zones are not yet broken on 15 Mins TF itself. Let's see how the market behaves tomorrow and accordingly we will revisit our views tomorrow.
NSE:BANKNIFTYLong
by champvimal
Nifty X-Wave Volatility: Potential Wipeout of Recent RallyDisclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? --------------------------------------------------------------------------------------------- Overview: The Nifty Index is currently forming a complex WXY wave pattern on a higher degree wave. With Wave W and X completed, we are now anticipating a decline towards the psychological support levels. Key Levels and Targets: Initial Support Zone: 21950 - 22000 This zone is expected to provide psychological support. If the index holds below 22900 in opening session on 7th June 2024 and begins to fall, we anticipate an initial drop to this support zone 21950-22000, marking a fall of approximately 900-1000 points. Further Downside: Below 21900 If the index breaks below 21900, we could see a continuation of the fall towards the previous lows around 21281, observed on 4th June. Recent Rally: Rally Overview: The index recently rallied 1629 points from the low of 21281 on 4th June 2024 to higher levels of 22910 within the last 2-3 days. Correction Expectation: This rally may be wiped out as part of the corrective sequence, leading to a possible retest of lower levels before any further upside movement. Upside Potential: New Highs Target: Above 23338 After the corrective phase, we expect the index to resume its upward trajectory, potentially reaching new highs above 23338 as discussed in the last idea Last Idea - Nifty - Pre Exit Poll Outlook: Bulls Above 22,400 Trading Plan: Monitor Resistance: Keep a close watch on the 22900 level. As long as the index remains below this level, a bearish outlook is maintained. Initial Short Position: Consider initiating short positions if the index holds below 22900, targeting the 21950 - 22000 support zone. Break Below 21900: If the index breaks below 21900, further short positions can be considered, aiming for a retest of the 21281 level and even new lows are possible Reversal Signs: Look for reversal signs and bullish setups near the 21281 level to position for the next potential rally towards new highs above 23338. Conclusion: The Nifty Index is poised for a significant correction before resuming its upward trend. Traders should be prepared for volatility and closely monitor key levels for optimal entry and exit points. ----------------------------------------------------------------------------------------------- From WaveTalks Abhishek
NSE:NIFTYShort
by WaveTalks
24
Bosch Ltd - Great Long Term PickIt seems Monthly Supply zone is broken (the big red bar from left is 1-M Supply Zone broken in style). Now, on Weekly/Daily chart, the Elliott Wave Model applied is as shown. We are in great extended 5th wave. If price still continues to make higher lows and higher highs then 5th wave end possibilities are also as shown in the chart. However, for those who haven't been in this boat, a great opportunity to buy for longs can come at the nice green 1 day demand zone bar shown hereby. We will have to see the price action and momentum near 26100 to 25800 and then plan to seek a bounce for an upward journey. Again, I will post those ideas which are great opportunities to educate and practice ourselves on Elliott Wave and Demand-Supply models with Price Action as primary foundation.
NSE:BOSCHLTDLong
by champvimal