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Wave Analysis

elliotwaves study ERIS LIFESCIENCESof the 5 waves corrective wave 3-4 and impulse 4-5 is pending. the final cycle in this stock can be expected to be complete by Jan2029 as it is cyclical in nature. We can confirm as long as wave 4 doesn't cross wave1. The company is a leading player in the domestic branded formulations market. It is the youngest among the top 20 companies in the Indian Pharmaceutical Market. The company focuses on branded generics, with 85% in chronic and 15% in acute segments. It offers drugs across various therapies, including anti-diabetes, cardiovascular, dermatology, gastroenterology, gynecology, and anti-infective
NSE:ERIS
by TechnicalAnalystSucrit
Adani Power for 70% gainsDate: 01 Nov’24 Symbol: ADANIPOWER Timeframe: Daily The Big Question is - if Wave IV in Adani Power is now over? A higher high after a close above 675 will make it official. Is 570 a strong enough support? Looks like it. As seen in the chart, a circle has been marked as an accumulation zone. Wave V is likely to head to 1050 levels (70% from current price of 600); more clarity on target will emerge as it moves above 750. Sept quarter results at operational levels were descent but because of lower other income and higher tax; Sept quarter of last FY looks stronger. This is not a trade recommendation. Please do your own analysis. HINGLISH VERSION Bada savaal yah hai ki kya Adani Power mein Wave IV ab khatm ho gaya hai? 675 se upar band hone ke baad ek uchchatar oonchaee ise aadhikaarik bana degi. Kya 570 paryaapt majaboot support level hai? Aisa lagta hai. Jaisa ki chart mein dekha gaya hai, ek sarkal ko accumulation zone ke roop mein chihnit kiya gaya hai. Wave V ke 1050 ke star (600 kee maujooda keemat se 70%) tak pahunchane kee sambhaavana hai, jaise hi yah 750 se upar jaega, target par adhik spashtata saamane aaegee. Operational star par September quarter ke nateeje achhe the. Lekin other income kam hone aur adhik tax ke kaaran; pichhale financial year ka September timaahee majaboot dikh raha hai. Yah koi trade lene ki salah nahi hai. Kripya apana vishleshan svayan karein.
NSE:ADANIPOWERLong
by DhandhaPaani
Tata Power for 20% gainsDate: 27 Sept’24 Stock: Tata Power Timeframe: Daily chart Tata Power seems to be in Wave V of 5 which is heading towards 580 levels (20% from current price of 485) as seen in the chart. It is then likely to go into a longer consolidation (a larger timeframe Wave 4) which I will analyse in due course. Likely to achieve this target by end of this year? (Yes, I would like to think so). This is not a trade recommendation. Please do your own due diligence.
NSE:TATAPOWERLong
by DhandhaPaani
3 months breakout in CUBhere on chart we can see trend a-b corrected at c. fall from 52week high during covid has still not been taken out. price was constantly trying to break the trendline resistance. but now we have a confirmation that price may breakout because data is improving for the bank in terms of net NPA going down and net PROFIT going up. here on chart we can see price is again trying to breakout from trendline resistance and this time there is a increase in buying volume also, which means more and more number of people are now on the buying side. after breakout we can see the following targets
NSE:CUBLong
by TechnicalAnalystSucrit
Birla Soft: Losing Altitude or Just a Low-Flying Mission?#BSoft ✈️ Birla Soft: Losing Altitude or Just a Low-Flying Mission? 🛬 Birla Soft is cruising at 555-550 right now, but the radar’s picking up some turbulence ahead. With potential landing zones at 465, 402, and, if things get dicey, a deep dive to 353, Birla Soft looks like it’s on a mission… Downwards! 📉 At this altitude, Birla Soft is starting to look like a low-flying jet testing just how close it can get to the ground. Maybe it’s aiming for a safe landing at 465, but if the descent continues, we might just be heading for an emergency touchdown at 353. Talk about a hard landing! 🛬 So, traders, keep your seatbelts fastened and prepare for a bumpy descent. This one could go all the way to the bottom ranks if Birla Soft’s engine doesn’t kick back in soon! Let’s see if it’s just a quick refuel or if we’re in for a full-blown landing drill. 🛫✈️ Wish You Happy & safe trading "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
NSE:BSOFTShort
by DhirajSinghBais
1
[BANKNIFTY] INSTITUTIONAL LEVELS FOR 31/10/2024QUICK GUIDE - Use 5 minute timeframe - Try to take enters at retest - Use multiple confirmation - Read full description before investing - Try to take ATM options or above Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.
NSE:BANKNIFTY
by tony_fx_sm
Axis Bank: Slipping Gently or Taking the Express Route Down?#axisbank 🐻 Axis Bank: Slipping Gently or Taking the Express Route Down? 🛬 Axis Bank is currently parked at 1,165-1,170, but from the looks of it, this might be the last stop before it starts exploring some serious basement deals. With 1,075, 1,024, 1,006, and, if things get really spicy, 964 on the radar, Axis is giving us vibes of a stock that’s ready for a bargain hunt! 📉 Now, 1,024-1,006 looks like it’s holding the fort as a “strong support.” But you know how it goes with support levels — they’re there until Axis decides it’s more fun to test their limits! Think of it as Axis Bank’s version of a trust fall. Will it hold or plunge? Only time will tell! For now, keep those stop-losses tight, grab some popcorn, and get ready to see if Axis Bank’s dive goes all the way to the bargain bin at 964. Will it bounce, or is it on a mission to redefine what “lower lows” mean? Either way, this could be one thrilling descent! 🎢🐻 Wish You Happy & safe trading "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
NSE:AXISBANKShort
by DhirajSinghBais
Gold Prices Continue to Surge, Reaching New HighsHas everyone seen today’s news on gold prices? Gold never ceases to fascinate me – what a fantastic day! Gold prices today have continued their strong rise, setting a new record. This rally is driven by investor concerns ahead of the upcoming U.S. presidential election. During times of political instability, gold is often viewed as a safe-haven asset, attracting strong capital inflows. Additionally, concerns about the global economic situation are adding to gold’s appeal. Looking at the technical chart, gold’s price is supported by the 2,749 and 2,715 levels, giving it a double layer of strength and making it easier to break the 2,787 resistance level. The upward trend is further reinforced as the 34 EMA and 89 EMA lines have yet to show any signs of reversal. From these positive indicators, investors can anticipate a continued short-term upward trend. If gold maintains above these support levels, a new peak is certainly within reach. Do you think gold will keep rising, or will it give us a scare with a reversal? Let me know what you think!
OANDA:XAUUSD
by Alisa_Rokosz
NIFTY INTRADAY LEVELS FOR 31/10/2024BUY ABOVE - 24500 SL - 24420 TARGETS - 24620,24700,24800 SELL BELOW - 24340 SL - 24420 TARGETS - 24220,24100,24010 NO TRADE ZONE - 24340 to 24500 Previous Day High - 24500 Previous Day Low - 24340 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
BANK NIFTY INTRADAY LEVELS FOR 31/10/2024BUY ABOVE - 52000 SL - 51700 TARGETS - 52200,52400,52600 SELL BELOW - 51700 SL - 52000 TARGETS - 51420,51100,50900 NO TRADE ZONE - 51700 to 52000 Previous Day High - 52200 Previous Day Low - 51700 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY: INSTITUTIONAL LEVELS FOR 31/10/2024QUICK GUIDE - Use 5 minute timeframe - Try to take enters at retest - Use multiple confirmation - Read full description before investing - Try to take ATM options or above Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.
NSE:NIFTY
by tony_fx_sm