Elliott Wave Analysis:-
A fall was completed an impulse 1st wave seems to be completed and an correction 2nd wave seems to the impulse was taking place.
If the high 18.85 was not broken then the previous low 8.50 have to break and we can accumulate around 5-7. which will be a safe bet. It has 70% govt holdings. only reason to touch this chart. if...
Market Cap : 881 Cr
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The company completed green field expansion taking the total capacity to 120,000 units on September 2021 at a...
Elliott Wave Analysis.
The 5the wave was not truncated it was just turned into an flat correction. A small low till $75-$77 is expected before a bounce back.
This entire fall was indicating the 2nd Wave of the entire previous impulse 1st Wave.
once the fall was over then there will be a good impulse.
Your comments are most welcomed.
Time for a retracement? in this snapshot, btc completed 5th impulsive wave now its time for corrective wave. am expecting 25k.
Elliott Wave Theory: What It Is and How to Use It
What Is the Elliott Wave Theory?
The Elliott Wave Theory in technical analysis describes price movements in the financial market. Developed by Ralph Nelson Elliott, it observes...
This has a 2 wave formation in impulse. Either the 4th wave had irregular running flat the 5th wave had completed. If the 4th wave had triangle then the 1st wave in major 5th wave had completed and 2nd minor retracement had just over and getting ready for the 3rd minor ave in 5th major wave.
detail had explained inside the chart. in my point of view over all the trend has changed. we may expect a small high and then a fall for around 60% and then with previous low as stop we can think of going long. and impulse 3rd wave may be possible.
if it is a triangle then this point of entering 1.07600-1.07200 will give u a good reward . if it goes straight up...
Bank nifty spot cmp 45344
weekly time frame
wolf wave + pre assumed harmonic formation
Bearish wolf wave formation
Index have just touched the resistance line of ascending wedge formation.
may be can still give bit higher move of 300-400 points.
may be can reverse from current levels it self,
bearish divergence on rsi and macd with respect to price.
Note: As per trendline & NEO wave theory Nifty to be touched 19200-19230 level. because of wave "a" in progress and when wave a will be completed than wave b to be started which to be came at lower trend line 19872 level.
So, Option writer can sell from upper lavel
Sell 19300 CE
Buy 19400 CE
Sell 18800 PE
Buy 18700 PE
This is only for educational...
Elliott waves completed (08 waves i.e 5 Impluse + 3 corrective wave ) since 2004 to 2020 on mothly time frame. than new Impluse wave have started since 2020. now in present seems that 3 wave have completed & 4th wave in ongoing. 4th wave to be comes at 38% or 68% of wave 3 which target have given in chart. And target upside upto 512 level when it completed 4th...
1)Completed Elliott wave (Total 08 waves. 5 Impluse & 3 corrective ) since 2012 to Nov 2018
2)In Bigger time frame Impluse wave have completed (05waves).
3)Now present in corrective mode. "A" corrective wave has completed & B wave seems has been completed but it may touched to be 61.8 of wave A. now Wave C is peding towards downword. it may 61.8%,100%.1.618% of...
Axis Bank technical chart analysis
Strong support zone is 845-822
Strong resistance zone is 1000-965
Impulse wave has completed (1-5) on daily basis.
Wave 1 & wave 5 are equally.
Wave 3 is longest wave.
Wave 2 taken less time as compare as wave 4 ( in corrective pattern).
Corrective wave is pending & expect it may flat or zigzag...
CRUDE OIL CHART on WEEKLY BASIS through Elliott wave & NEO wave
Impulse wave completed (5 wave /1 to 5). In this pattern 5th wave was longest wave
Now on present wave on corrective phase i.e. Advanced Elliott wave (Neo wave)
Upside move target 88. but if it break "ob" trend line thats only possible
Note: Crude falling means globally crises to be happed. Its not...