Eicher motor has formed Bullish ww. One can go long target 3250NSE:EICHERMOT has formed bullish wolfe wave.
Go positional go long for a target of 3250 with SL 26250
Wave-5
Bullish Wolfe Wave : BuyThe stock has nicely formed Wolfe Wave pattern and today's engulfing makes it a candidate for long. One can buy the stock for a target of 170 by providing a stop loss of low of today on closing basis.
L&T FInance holdings incorrect Wolfe WaveL&t Finance has formed nice INCORRECT wolf wave. I shout incorrect cause there are people who argue that its incorrect. Again what worsk what works. Long here Stoploss close below 177 target atleast 192. One can wait for the break of the resistance trend line.
Wolfe Wave PatternRules & Structure Of Wolfe Wave Pattern
To Identify Wolf Wave Patterns,
Waves 3-4 must stay within the channel created by 1-2
Wave 1-2 equals waves 3-4 (shows symmetry)
Wave 4 is within the channel created by waves 1-2
Wave 5 exceeds trendline created by waves 1 and 3
There Should be regular time between all waves
How To Trade.
Entry point When Price Close below Trendline Created by Wave 1 and 3.
Stoploss would be High of Wave 5.
Target will be Trendline Created by wave 1 and 4.
ALLAHABAD BANK - BULLISH The Stock has shown a zig zag ABC correction on 60 min charts with 5-3-5 legs of ABC which is generally the end of a longer leg. The C wave has given its 5th leg and in my opinion, it is completed. A trade to go long with 69.40 as a stop-loss and 79 and 81 as targets give a risk/reward at 1:4 and 1:5 respectively. CAUTION ADVISED, STOPLOSS IS YOUR GOD AND YOU ARE HIS SLAVE.
Gold as on 14th JulyAs full wave pattern looks completed in Gold and reversal is also observed, Gold is ready to go beyond 1300$ very soon. Wait for on correction in the zone of 1205 to 1212. buy Gold there with SL of 1203 for the target over 1300$ soon.
Elliott wave 3This is actually a question. I am a newbie here and have just come across the idea of Elliott waves. I would like to ask the experts that is this the third wave in continuation? If yes; then, will the NIFTY50 index go down in when this wave completes its journey. thank you.
Short TV18BRDCST Wolfe Wave !The stock has formed a nicely Wolfe wave at the Junction which seems to work as resistance. My experience with this patter is that it works better if it breaks the boundaries come back but we can still take the chance here by providing small stop loss of high of recent swing. Mostly it offers good risk to reward trade. Good Luck!
M&M Fin - Bearish Wolfe WaveBearish Wolfe Wave formation on daily chart. It may make reverse either from current levels of from 332. Look for selling opportunity on bounce. View will negate above 340.50 And expected target is 270 - 265.
Elliott Waveprice aspect to move sideways.
so let’s have a closer look, dark cloud indicate bearish.
may b price about to start correction
Nifty Short Setup!!Nifty is giving a Short Setup at current levels. After giving a 5 way decline nifty moved up in three waves above 61.8% fib in a corrective pattern which indicated that Nifty will go down further. One can Short the Nifty at current levels with Stoploss just above recent high around 8971 with targets of around 8620. Its a Nice Risk Rewards trade..
Happy Trading!!
