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Wave3

IREDA : Wave 3 - Up, Up & Away at 148.80 from 116Disclaimer: 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? Recent Performance: Since the last analysis on 17th Jan 2024, IREDA's stock has shown significant volatility and resilience amidst broader market turmoil. Following a gap down opening at 114.30, the stock quickly rallied to 125.60 (17th Jan 2024), outperforming the market even as the BankNifty experienced a major fall of 2000 points approx. due to geopolitical tensions. Key Developments: Response to Buying Zones: The stock opened near the suggested buying zone of 110-112.50 on both 17th and 18th Jan 2024, offering two distinct buying opportunities. The first was met with a rapid increase to 125.60 from opening price of 114.30 on 17th Jan 2024, while the second saw a sharp fall towards 116 giving second buying opportunity on 18th Jan 2024, validating our analysis. Exceptional Market Dynamics: Despite broader market panic due to geopolitical tensions, IREDA followed its bullish trajectory, distinct from general market trends. This resilience reflects strong investor confidence in the stock. Elliott Wave Analysis Confirmation: The stock's movement aligns with Elliott Wave principles, exhibiting characteristic wave patterns. Notably, IREDA's stock demonstrated breakaway and runaway gaps, indicative of strong bullish momentum. Remarkable Gains: Over two special trading days, the stock showed approximately 10% gains each day, culminating in a close at 148.85. This movement is just shy of the 155 target, a significant milestone based on Elliott Wave analysis. Wave 3 in a specific wave degree travels 162% usually & can be extended 262% & 423% depending on the waves unfolding Expected on 19th Jan 2024 Next Steps and Outlook: Potential for Exhaustion Gap: Given the recent rapid gains, the market might witness an exhaustion gap, indicating a potential pause or correction in IREDA's bullish run. Unless we get market signs, stock has potential to fulfil 155, 175 & 190 as discussed in the debut idea last published. IREDA - The Last Idea Conclusion: IREDA continues to demonstrate strong growth and resilience, defying broader market trends. Investors should closely monitor for signs of an exhaustion gap or continuation of the bullish trend. Happy Sunday From WaveTalks Market Whispers - Can you hear them?
NSE:IREDALong
by WaveTalks
3
Gujarat Alkalies Flag formation and start of Wave 3Stock in flag consolidation since long time and on verge of breakout. Long near 360-70 with Stop loss 302 Minimal target 512-15 of Wave 3 or C. Agressive targets posted as Wave iii can be possible as consolidation is quite high 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 --------------------------(((((LIKE)))))-------------------------------
NSE:GUJALKALILong
by Niftydirection
Reliance-Last Impulse 5th Wave Ended in Truncation-Wave AnalysisSmall Modification - Possibly Last Impulse ended in truncation at the lows @ 1855 Why Traders Have to be Careful- Channel Resistance Corrective in next higher degree possibly close to end -------------------------------------------------------------------------------------------------------------------------- Recap from last idea -------------------------------- 2022- Most Important Level & fulcrum level so sell below & buy above was suggested as per previous ideas- Hope you enjoyed selling two times close to 2022 with minimum target of 1900 downside --------------------------------------------------------------------------------------------------------------------------- ---------------------- What Next ? ---------------------- Short Term Next Most Important levels - 2100 / 2050 /2020 - which can be used as intraday levels for short term trades - Sell Below or Buy Above plans can be executed with proper risk management. Long Term Outlook Long Term Outlook remains unchanged which is still bearish as suggested for last few ideas with key level @ 2095-2100 as the most important zone -------------- Note -------------- Any sustained move above 2100 has to be reviewed again
NSE:RELIANCEShort
by WaveTalks
10
Lets find New Nifty Top with Fibonacci and Elliott Wave TheoryDISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of your financial advisors before investing/trading. I may or may not trade this analysis. Details in description. -------(((((Please LIKE & Donate Coins to support my analysis)))))------- Lets find New Nifty Top With Fibonacci and Elliott Wave Theory To everyone's surprise Nifty after declining more than 3% on daily chart on 21st Dec 2020 recovered and mere few points away from 13777 Look at Blue Impulse Wave plotted on Chart Now with Gap up opening on Thur 24th Dec it is confirmed that wave 3 in progress and wave 3 ended above 1.618 Fibonacci level Wave 4 was very short and didn't even retrace 0.236 levels so now if wave 5 is in progress then should reach to 13940-65 Now Look at Orange Impulse Wave Wave 3 in extended case can go till 2.618 Fibonacci level 14017 next in wave 4 again 13700 will be tested finally wave 5 should end at 14212
NSE:NIFTYLong
by Niftydirection
1
Exide with Potential UpsideDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice 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)))))------------------------------- Exide gave good breakout with volume it should move upside from current price. After plotting Elliott waves we can see its in wave iii so There are two possible trades Short term trade: long near 180-82 Stop loss 169.5 for target 195 Positional trade: long near 180-82 Stop loss 154 target 226 in wave iii and 245 in wave v
NSE:EXIDEINDLong
by Niftydirection
Nifty Elliot Wave analysis 11-11-2020 Still Some Upmove pendigDISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of your financial advisors before investing/trading. I may or may not trade this analysis. Details in description. -------(((((Please LIKE & Donate Coins to support my analysis)))))-------
NSE:NIFTYEducation
by Niftydirection
Kotakbank Weekly chart Long Term Impulse SequenceKotakbank in Wave 3 right now For Long term fresh entry on any dip towards 1600 conservative stop loss of 6.5% at 1500, aggressive SL could wave 2 low 1230. Wave 3 target 2050 and wave 5 2240-50 DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of your financial advisors before investing/trading. I may or may not trade this analysis. Details in description. -------(((((Please LIKE & Donate Coins to support my analysis)))))-------
NSE:KOTAKBANKLong
by Niftydirection
Banknifty In Uptrend 5th Impulse Wave of Leading DiagonalAs explained in previous chart we were able to pin point Banknifty's down move. Downward wave four 4 was double zig zag correction which completed near 24404. We are witnessing now final Wave 5 impulse of leading diagonal and currently in wave iii which should extend 2.618=24785 to 25000. There will be sideways correction next may be till 23500-23300. Final Wave 5/v should reach 26361 Fibonacci 0.618 retracement from march low or bit higher for 27000. As it already moved very rapidly Invalidation level is deep and high of wave i viz. 21811 DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of your financial advisors before investing/trading. I am holding banknifty etf from 21000 levels
NSE:BANKNIFTYLong
by Niftydirection
Triveni Turbine Fresh Impulse and start of Wave 3 Stock looks bullish with Impulse 1 and 2 completed and started Wave 3. Break and close above 82.2 on daily chart confirms up move. All dip towards 80-75 long opportunity Stop Loss 60/58 on daily closing basis, target 130-135 in short term. Long term 250-270+ since fresh rally should break previous high and continue up move Disclaimer: Small cap share so don't invest too much capital in it. Equity investment is highly Risky asset class for investment. This investment may not be suitable for all investors or analysis can be wrong so ask your financial advisor before investing.
NSE:TRITURBINELong
by Niftydirection
3
Minda Industries Leading Diagonal end Wave 3 StartStock post breaking Leading Diagonal started upside with big volume. Long all dips towards 330-310 Wave 3 has started which should move towards 400-420 (1.68 Fib level) zones. STOP LOSS 277 In longer horizon Wave 5 (equal to Wave 1) positional target 475. Wave 4 will be complex and long correction towards 365 (0.382 fib level). Disclaimer: Calculated and plotted values may differ little with actual stock movement. Plotted wave count can be wrong. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading. Please hit like button that will motivate me to do more. You can donate Trading view coins as well. Thanks :)
MLong
by Niftydirection
6
Meghmani Organics Parallel channel BreakoutMeghmani Organics Parallel channel Breakout Stock out of consolidation and correction. Green arrow shows three phases of stocks namely UPTREND,DOWNTREND and CONSOLIDATION Currently in Wave C of correction or Wave 3 of impulse which should end near 78 zones. Long all dips towards 60, Stop Loss 49 on daily closing basis Expected positional targets 100, 115, 130+ have potential to double. Disclaimer: Calculated and plotted values may differ little with actual stock movement. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading. Don't forget to hit like button and follow. If you like my work can donate coins of tradingview.
MLong
by Niftydirection
Nifty - Wonder Waves -Picking The Bottoms at 7700 Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------- Correction - Comex Gold Instead of "adding" --------- you need to "subtract" 1.618 times (1705 -1450) = 1.618 * 250 = 1293/1295 $ which is minimum distance which "Comex Gold" should drop to confirm that it is wave - 3 downside move - in next couple of months --------------------------------------------------------------------------------------------------------------------------------------------------------------------- Why I was excited on 24th March 2020 - Reason is both "Comex Gold & USDINR was showing signs of topping out" ----that was the reason to put up status update to all the followers on 25th March 2020 & "expect 700-800 points move from 7650-770" - Hope most of you got this opportunity of buying close to 7700. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Trading Strategy ( Short Term) Holding or moving above 8300 - Target 1 - 8400-8425 / Target 2 - Above 8450 for 8650 / Target 3 - Above 8725 for 9000 /Target 4 - Above 9050 for 9200 / Target 5 - Above 9250 for 9400-9500 / If really holds & surpasses 9500 mark - be ready for another wonder waves above 9500 (strictly above 9500) ------------------------------------------------------------------------------------------------------------------------------------------------------------------- Comex Gold 24th March 2020 - Comex Gold Snapshot 30th March 2020 - Comex Gold Snapshot -------------------------------------------------------------------------------------------------------------------------------------------------------------- USDINR 24th March 2020 - USDINR Snapshot at 76.35 30th March 2020 - USDINR Snapshot ------------------------------------------------------------------------------------------------------------------------------------------------------------- Note - Kindly read the disclaimer or consult financial advisor before trading into financial markets
NSE:NIFTYLong
by WaveTalks
56
Time to Buy Bitcoin / CryptoCurrency is NOW!!Hello Traders, After the rally to 20,000 and a deep correction, completed Wave I and Wave II of Bitcoin and potentially started a new wave of which Wave 1 and Wave 2 is potentially complete, which then makes the next wave which is going to start soon or started just now Wave 3 of Wave III which is considered to be the longest and fastest Wave.. And given the fact, Time to Buy Bitcoin and other crypto currencies which mainly follow Bitcoin is NOW! I would expect it to break to new highs soon. All the best! Happy Trading! Siraj
BITFINEX:BTCUSDLong
by SirajHudda
1
Gold Giving a Potential Buying Opportunity for Long Term!!Gold - XAUUSD is Possibily forming an Ending Diagonal in a Wave c of a-b-c correction which will also potentially complete Wave B or 2 of larger Wave Count completing the correction of over all rally from 1150 to 1375. Gold has corrected in a 3 wave decline and is not around 61.8 fib retracement levels. MACD is giving Divergence on smaller timeframes 240/60 giving indication of current declines coming to an end soon.. The current price action suggest that Gold is forming an Ending Diagonal which is almost complete or might go up and come down little once more before breaking out of it.. One can take long positions Gold once the price breaks out of Ending Diagonal and keep it for long as this could be a start of another Rally going higher than 1375 and probably towards 1500. Its a very nice risk reward entry now to go long.. If it goes down further and continue declining further then my analysis might be wrong and I will not take trade as suggested above and wait for other confirmations.
FX:XAUUSDLong
by SirajHudda
Nifty : Counting August Chickens after Hatching !Hi Friends, Let's Welcome September by counting hatched chickens of August ? (1) Bearish Cypher - 80 points ( trailed stops) (2) Bullish Cypher - Lost 15 points ( Broke the pattern straightaway) (3) Bullish Gartley - 240 points ( Trailed stops aggressively & We caught wave-3 perfectly ) So whooping 305 points in few days..Great for Nifty I believe. But before going into calc's of for 305pts/10 days , then how much for month with patterns n all... Please realize the fact Nifty was kind enough to patterns this time thats why we grabbed as much as we can. This is Best scenario which happened thats all. What if worst case happened ? Well, we might have lost around 80 - 100points, thats what makes difference between successful professional trader and who tries to be winner. When you lose, you should lose less, when you win, Win Big ! Alas ! As I was counting chickens, Nifty opened... Today, We have rising flag in bullish trend, so this breakout will signal end of wave-3 or Wave-3 gonna continue little more ? I have no positions in Nifty now, waiting for breakout to initiate new trades, expecting wave-4 or extension of wave 3 but planning for lesser points only, not bigger moves :) Feel free to leave your comments, take a moment to hit Like...Happy TradinG !
NSE:NIFTY
by InsiderB
9