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Wave4

IREDA - Wave 3 Tops at 156 (Expected 155 ) Next Wave-4 Triangle Disclaimer: 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? Holding Above 144 , Stock could push upside towards 165-175 target zone & complete one of its minor degree waves upside which started from the recent lows of 103 as discussed in the connecting ideas for the stock. It is amazing to see how stock halted exactly 162% travelling wave 3 distance as shown in the previous idea. What Next? Currently post completing wave 3 upside, stock started doing sideways this morning & the best possible structure to unfold in wave 4 is a triangle. Critical level 144 to hold as support Next Target zone 165-175 Last Ireda Idea - Wave 3 - Up, Up & Away IREDA - Debut Idea
NSE:IREDALong
by WaveTalks
BE CAUTIOUS.... QUADRUPLE WITCHING DAY!!We might still be in wave 4 of the Primary Elliot wave. US markets rallied last night, so we may expect a gap-up opening of around 100 points. 17220 - 17270 zone might act as a strong resistance zone (0.5 to 0.618 Fibonacci retracement of wave 3) Quadruple witching refers to a date when stock index futures, stock index options, stock options, and single stock futures expire simultaneously. It is generally on the third Friday of March, June, September, and December every year. Is quadruple witching bullish or bearish? We learned that volatility is slightly higher than any normal trading day, volume is higher than the normal, the quadruple witching day is a bearish day, the quadruple witching week is bullish, and the last hour of quadruple watching day is bearish. (From tradestation.com) We didn't have a bullish week, so market movements may be unpredictable. Stong closing above 17270 in 30 min candle (stop loss for a short trade) can be a sign of bullishness. If the market falls, wave 5 can take nifty to the 16800 level. Enjoy the volatile ride!
NSE:NIFTYShort
by Stock-Holmes
Real-Time: Running Triangle - Support (2267 nearby) at wave ((D)Within triangle family, there's actually three types of triangles : 1) Barrier Triangle , 2) Expanding Triangle 3) Contracting Triangles. The most common that you will encounter know roughly, 80% of the time is going to be the contracting variety, and that's what we have here in front of you.This is a contracting triangle because you can see here you see the trend lines which connects the extremes of waves by ((B))-((D)) and ((A))-((C)) actually converge. The five waves move has specific sub-structure, identified as waves ABCD and E. Moreover, each one of those waves each structure within the move actually breaks down into three smaller waves, also identified as waves ABC. For the HINDUNILVR price chart has 3-3-3-3-3 sub-structure in which wave ((C)) has taken long time to complete and little complex as expected. Now, We are going to look support for the wave ((D)). Wave (C) at 2266 = wave (A).
NSE:HINDUNILVRLong
by Trade-Technique
7
Strides Pharma trade setupLeg a,b,c has satisfied the characteristics of a triangle,this is most probably a triangle. Assuming this as a triangle, leg d will be completed at some 500 level. After leg d is completed, it can be a great opportunity to short for leg e of X/B. after completion of leg e and X/B it can be great opportunity to go long till the wave 4 completes. Keeping probabilities in mind and considering that this is not a triangle, we can assume that leg X has been completed instead of leg c of a triangle, then leg d can be a leg a of Y of 4, which can be still a great opportunity to short for wave b. If a triangle forms, then most probably, it will form a EX-flat structure of wave Y (just smaller degree of wave 4). All the targets, SL and entry point will be in smaller time frame keeping internal waves in mind.
NSE:STAR
by yogi_sharma_elliottician
Nifty :Crab to Grab, Gartley to catch, Elliot to Watch ! The Pattern wings had similar color, so to avoid confusion , I m posting with different colored wings ! Sorry for delay ! All New Day I'm little elated today after two back to back boring trading days, bcos today we have potential trading opportunities. We have Crab to Grab in Resistance Zone, A Gartley to Catch within Range & Elliott to Watch Nifty Swings. Let's prepare our Arms n Guns and prepare Battlefield Strategies...! Strategy 1 : If Nifty remains within 8700-8750's, Don't attack directly with full-force. Hide n Strike like Gartley pattern which is hidden inside Crab,by scalping 10 or 15 points. Or if you use different strategy to trade, only do scalping within the above mentioned range. Strategy 2 : Bearish Crab - So for this to happen either Gap Up open in our resistance zone ( lesser chances I believe ) or Move up to Crab's end. This is also the completion of Elliott's Wave-3. So reversal means start of Wave-4 & Short trade by Crab. Now we will have doubt, why not get long on Wave-3 & ride till resistance zone, Well, there is no assurance Wave-3 will move as predicted, moreover we are on 15mins so Nifty may take any direction. We will be lucky if Gartley works fine on Shorting and we ride down breaking 8700's by trailing stops. Remember this is lucky scenario in Nifty and Nifty always makes us do hardwork, not easy winners. If Gartley fails our stops will be above 8747's, so we don't lose more than 8 points, a risk worth taking for Me. So please check your plan before proceeding. Just happened, pre-market @ 8743, will love it if market don't spike up n moves all the way down. Get Ready...! Happy Trading !
NSE:NIFTY
by InsiderB
10
Bank Nifty : What;s Brewing & What's Next with Waves !BankNifty... After some 10 days we are back to Nifty's favorite brother BankNifty. Many of you might remember how we rode Nifty with Waves, Now same for BankNifty ? Let's see... We already caught the Wave-3 and made money{check prev.post if you have missed that post}, Now lets concentrate on Wave-4. BankNifty getting caught within 100 points range is rare occurence, now its in 19700's region which has prev. ranging zone. If we go down on timeframe {15mins}, we can see some ranging patterns, I cud have drawn that but I wanted to present overall view on BankNifty, so used Hourly. On the breakout 19700's{Short} & 19900's{Long}, if there is Long breakout on Banknifty it will be treated as Wave-5. Else we can grab few points in remaining wave-4, so after BankNifty reaches next zone 19400's we can decide what to do further. If you have doubts on Elliots, check TechM sunday special post on drawing Elliott's. Happy Trading !
NSE:BANKNIFTY
by InsiderB
25