NSE:CAMS is currently in a correction phase, according to the Elliott Wave Theory. The stock has completed wave 3 of the correction, and wave 5 is yet to complete. This means that the stock is likely to continue to decline until it reaches the Fibonacci level of 0.618, which is around ₹1,863 per share. Once the stock reaches this level, it is expected to start a...
Elliott Wave Analysis : BTCUSD Swing Daily Uptrend, Intraday Downtrend Trendline analysis on BTCUSD. Trend Identification: Swing Downtrend BTCUSD . Support/Resistance Levels: Identify key levels on the chart for potential entry and exit points. Price Behavior: Daily Bullish pullback with market structure. Targets: T1 = 27500, T2 - 26500. Check for Entry and...
Attached: Natural Gas Mini Futures Hourly Chart Live - Morning Star Candlestick Reversal Pattern activated - Bounce off 200 DEMA (black line) - Breakout from Wedge - Price action can be Channelized suggestive that the Fall was a Corrective and not an Impulse - So W3/ WC upside to play📈 1st Target on Upside = 223 2nd Target on Upside = 229 SL can be based on...
Here is the Elliott wave analysis of SBI on 1 Hr Tf, the following are the inferences. 1. Security is in the downtrend. 2. Wave C is getting completed, major correction is going on. 3. Wave C is generally impulsive in nature, i.e results in sharp correction either time/price-wise. 4. First target already achieved. 5. 2-3 targets marked with fib projections. It...
Can go bullish if 66 price level not broken. as per understanding about Elliott wave Theory, LTFH is in correction Intermediate wave ABC in larger TF, but bullish in daily TF or Minor wave C . one can go long till fibo ratio 1 /1.272, which can be Tr-1 = 154 , Tr-2 = 201. be cautious, good luck. Happy Trading.
It seems Wave C of a zig zag is unfolding. Wave B retracement was exactly around 0.618 level. If the thesis is correct we may see mentioned levels as Wave C TGTs
Nifty formed today falling wedge pattern after few hours opening. This is also called ending diagonal appearing in wave 5 or C wave. Wedge broken channel price was thrown under channel made low 15637. Entire ABC move from 15916 completed near 15637. Wedge had confirmed upside with 15688 breakout point. Today it completed A wave of correction going up to 15710...
It seems that after Impulse down we are now in a corrective phase which is unfolding as Zigzag. We have completed Waves A & B so far and Wave B retracement is around 0.618. So now we might be going for Wave C which can extends 100% of Wave A. This gives a logical target around 540-545 levels.
Short Nifty at 15140 Stop-loss 15275 Target 14311 : Where C = A & Risk/Reward is 1:6 Target 13721: Where C = 161% of Wave A & Risk/Reward is 1:10+ It's been a spectacular bull run since March 2020 Lows. Expecting some correction or deeper pullback this time. Nifty trading at resistance or near to Corrective Wave B highs. I'm shorting nifty, anticipating...
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Bounce retracement towards 14530-50 possible after which should go down. Confirmation entry on sell side if 14435 breaks (non risky wait for this 14435 break level)then 14400-14300-14270 possible on downside Stop loss of this analysis 14618 DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely...
Detailed Analysis using Elliot Wave Nifty from march lows formed Leading diagonal and its abc correction till 8806, fresh 5 step impulse wave was triggered till 11794. Nifty opened gap down on Friday 04th Aug, Gap was wide and didn't get fill. It has also broken swing low 11325 so this suggests start of fresh corrective wave. Nifty to again test 11111 levels...
In a daily it’s going for the 5th wave & on 60 mins it seems we are in Wave 3 or we can label it as ABC & might try to capture Wave C rally on the downside
I haven't counted waves on nifty bank here because it is as similar as nifty 50 weekly chart. Please refer to the previous nifty 50 chart posted yesterday.
Complete analysis on the chart. Correction is necessary for healthy market. Your views/criticism/feedback welcome. :)
Natural Gas would go down towards 2.146 for Wave C correction. Stop Loss can be just above the highs.
Arvind is giving a potential short setup on daily chart with Wave B up move completing at 61.8% fib levels and Wave C correction starting now going around the targets of 300.
CrompGreav is giving a Short Setup breaking the trendline would take the stock lower toward the first target of 70 and probably further lowers toward 50% and 61.8% retracement levels. Details are giving on the chart. Stoploss should be just above the 89 level and can be trailed for the trade. Happy Trading!!