Wave analysis is based on the notion that markets follow specific patterns called waves which are the result of a natural rhythm of crowd psychology that exists in all markets. There are several advanced wave theories. The essence of Elliott waves is that prices alternate between impulsive phases that establish the trend and corrective phases that retrace the trend. In their most basic and straightforward form, impulses contain 5 lower degree waves and corrections contain 3 lower degree waves. NeoWave theory is an expansion of Elliott Wave concepts, with the goal to reduce subjectivity.
Wolfe wave patterns contain 5 waves where the first 4 define a wedge and the last extends beyond this wedge. This last wave is usually traded and its length can be predicted based on prior waves. The Kondratieff Wave, also known as K-wave or long wave, is a cycle-like phenomenon affecting all markets. These waves can last between 45 to 60 years. TradingView has several smart Elliott Wave drawing tools that allow users to identify impulse and correction waves on the charts and label them in any of 15 degrees.
Education & Trading Idea
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Mankading
Controversial Strategy Mankading has been discussed which is used at times to score a plus against your opponent and compared with similar box kind of strategy used in real time...
POSSIBLE path for expiry bet.. breaking below 11244 will open up 11009. in my pervious post i mentioned if nifty fail to close abv trend line path is open for 98xx timeframe 22nd may...
After a good rally in RIL, it getting high price rejection from overbought levels. We can 50 % of its upmove as a retracement.
Target should be somewhere 1300. BSE:RELIANCE[/shttps://www.tradingview.com/x/3nb6Zg07/ymbol]
Ashok Leyland is one of the well-known Auto Companies India & is Fundamentally Strong
Entry : 75<+>85 Range
Stoploss : Considering Long Term SL will be at Own discretion
Basic Target: 110
if you have any queries regarding above idea or any other stock feel free to D'M
On Holi We launched TruStox Community a Community driven platform for Traders with...
Wish you Happy Holi & May this festival bring lots of colors in your life!!!
Education & Trading Idea
Wedge
Wedges are a multiple price wave reversal pattern. Wedges form when the waves of an asset move within a narrowing range, angled either up or down.
When the pattern completes, and the price breaks out of wedge, it is usually in the opposite direction...
Dear All ,
Nifty Bank is Near to Resistance Levels of 26700-26750 which is 61.8% Retracement Levels of Recent Fall ! If Bank Nifty Sustains above this Range , A Rally of 150-200 Points is Possible but If Bank Nifty Faces Resistance ; Be Ready for A Sharp Correction !
Support Levels : 26350-26150 Levels !
Resistance : 26700-26750 Levels !
Hope You will like...
Dear All ,
Raymond Seems A Good Buy At Present for Mentioned Targets ! Stock was consolidating in A Flag & Now It gave break-out with good volumes !
Points to Notice :
(1) Volume was Up During Up-Move
(2) Volume was Down During Fall
(3) During B.O. , Volume > Vol (20SMA)
RSI(14) has also given B.O. from A Flat Channel .
Strategy : Buy for Targets of...
nifty has all right to break 10004 in next three months.. wave B GOING as wxy expected to finish in range 11545-67 tom. we have time cycle starting from tom.. bull has taken two cycle back to back, nw its time for bear.. fall will be thick if any till 7th apr
14 Days ATR is 108 points.
After the 100 points +ve, we are seeing minor selling over the Nifty.
If it lost all the gained points,... we ll think for downside only.
Trading Strategy
Plan A -
Sell Close to 307-308 Highs -Once You get in 303-306 zone with strict stops above 308 Highs
Plan B -
Sell if Holds & Goes below 300
Plan C -
Buy for Explosive Upside Target as suggested in "SBIN -Ulta Pulta Idea"
Targets
Target 1- 280
Target 2- 265-270
Thanks for checking the video & do support if you like the idea. Happy...
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