I have made efforts in Explaining the separation of correction and Impulse i have explained in visual representation so that you can understand how the corrections can be identified all my explanation is based on the Method i know as wave theory if you have any Questions kindly post i will try to address it Thanks
Where are we standing according to Elliott Wave in Nifty? Wave Counting: The impulse that started after the COVID crash is almost near it's completion. Currently, we are in Wave 5th of the bigger Wave 5th. Wave 3rd completed in October 2021. Wave 4 (truncated) completed in March 2023. The Wave 5th started in March 2023 , and we are in the sub-waves...
Gold prices are recovering after last week's sell-off as the US economy forced the Fed to adopt a more dovish stance. Weak manufacturer inflation data and a rise in initial jobless claims supported lower interest rates. Additionally, escalating geopolitical tensions, such as increased attacks by Hezbollah on Israel and more Russian warships in the Caribbean, have...
In my previous post, I have discussed the current nature of crude oil as either a correction or an impulse. In either scenario, it is likely that we will witness a bounce towards the 6700 levels. It appears that wave 3 has concluded and we are currently in the 4th wave, which is anticipated to conclude between 6495 and 6415. If we observe any bullish patterns such...
The Elliott Wave Structure is the Elliott Wave Theory's description of the structure and pattern of price movements in financial markets. The Elliott Wave analysis shows that the stock has completed waves (i) and (ii), which appear as blue numbers on the daily chart. Wave (iii) appears to have five sub-waves. The red color of wave (iii) indicates the completion...
After the recent fall in IEX, the stock is finding support at 117 levels which also happens to be March 2021 consolidation levels. Basis the Elloitt wave analysis, the stock seems to have finished all its negative wave on the weekly charts and thus waiting for a trendline breakout above 141. In the event, it will be correct to say stock has bottomed out and is...
THE 15 MIN TF: 1. The Market has been making higher highs and higher lows 2. So looking for long entries is the most logical thing to do 3. the price sweeped a low point so that it has enough liquidity to make a move upwards 4. And the target was the nearest high and the target has been hit Knowledge is Wealth!
1 HOUR TIME FRAME PRICE ACTION: 1. the market has been making lower lows and lower highs what does it indicate - Downtrend 2. how has the price been making lower lows and lower highs ? - With huge imbalances and fair value gaps(both are same) 3. what does the above two indicate? The institutions and the smart money has been selling 4. So what are we going to do?...
1. 1 HOUR AND 4 HOUR TIME FRAME: the market has been making lower lows and lower highs, as the market had made a clear change of character and break of structure in this time frame. The market is showing bearish nature in these higher time frames. So we will follow the trend until it changes because following the trend is always the best decision to follow 2....
Market Dominance: LIC holds a significant market share in India's life insurance industry, providing stability and resilience to its operations. Strong Financial Performance: Over the years, LIC has demonstrated robust financial performance, with consistent growth in revenue and profits, making it an attractive investment option. Government Backing: As a...
1. in the 1 hour time frame the market had been making lower lows and lower highs with heavy imbalances indicating the presence of large institutions, banks and smart money 2. The 15 min time frame has also shown a change of character near the 1 hour order block, thus the short entry 3. But it is risky because there is more FVGs above the orderblock where we have...
Good morning, friends! 🌺🍬 Here are the directions for June 18th: There are still no significant changes in the global and our markets. They are maintaining a moderately bullish sentiment. Today, the market may open with a gap-up start, as indicated by GiftNifty, which shows an increase of 110 points (at 8:00 AM). Nifty and Bank Nifty have structures of...
The Bank Nifty structure looks like an ascending triangle, meaning the 4th correctional wave. If the market breaks the previous high, then we can expect the 5th impulse (rally). The minimum we can expect is 50347. If the market breaks or consolidates, then the rally will likely continue. Alternatively, if the market doesn’t sustain the gap-up or if it rejects...
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AIA Engineering Ltd The price is getting ready to go higher with a lot of support. EMA,tredline Saport Promoters holding ; 59% Fii : 18% Mutual Funds ; 18% PE : 33 TR : 4400/5300/6400/7400/8150 For educational purpose only. We do not provide any buy or sell advice.
Last week we observed that US inflation indicators showed signs of cooling down. - Wednesday's CPI dropped from 3.45 to 3.3% - PPI index decreased -0.2% Inflation indicators decreased while economic indicators were negative - As the unemployment rate and unemployment benefit application rate increase This shows that the Fed's monetary policy is effectively...
Apollo Hospital is currently in the major 5th wave of the bull cycle, as illustrated on the chart. It appears that wave 4 took the form of a zigzag pattern, resulting in a deeper correction to 61.8%. Typically, wave 4 corrects to levels between 23-38%, but due to the shallow nature of wave 2, we can anticipate a more profound wave 4 in accordance with the...
primary value of wave principle is it provides context for market analysis unless the conventional technical methods.titan is in consistent uptrend and yet to complete hence to go long in larger timeframe one can look for pullbacks as is now wave 4 pullback.wave theory can be apllied to all degrees of trend as i have done for 15 minutes.to learn more 9740022106