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CAMS Stock: Still in Correction, Wait for Wave 5 to CompleteNSE: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 new uptrend. The Elliott Wave Theory is a technical analysis tool that uses wave patterns to predict future price movements. The theory states that stock prices move in five waves, with three waves up and two waves down. The waves are labeled as A, B, C, and so on. In the case of CAMS, the stock has completed wave 3 of the current correction, which is a downtrend. Wave 5 is yet to complete, and it is expected to be a downtrend as well. The Fibonacci level of 0.618 is a common support level, and it is likely that the stock will reach this level before it starts to rally again. Therefore, investors who are interested in buying CAMS stock should wait until it reaches the Fibonacci level of 0.618 before they buy. This will help to ensure that they are buying the stock at a good price.
NSE:CAMS
by Ajay7871
3
BTCUSD in correction phase for long term uptrend.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 Stop-loss. Risk Management: Set appropriate stop-loss levels to manage risk and protect against adverse price movements. Confirmation Indicators: Elliott Wave Corrective wave C. Conclusion: Based on the chart wave analysis of , BTCUSD is Downtrend has been identified. Combine this analysis with thorough research and risk management strategies to make well-informed trading decisions. Avoid counter-trend trading. Happy trading! (Note: Trading is subject to market risk. This is analysis not an trade idea for trade.)
COINBASE:BTCUSDShort
by JagadishSinghR
SBI - 1 Hr- Elliott WaveHere 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 might also change direction for an up-move, but that will be a sell-on-rise opportunity until a proper impulse starts upwards. Views are personal, only for educational purposes! Please don't treat this as trading advice.
NSE:SBIN
by KunalSaxena10
Nifty Zig Zag Correction possible X wave towards 15800Nifty 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 then B was down to 15665 Currently C wave started expected to go towards 15808 or 0.618 Fibonacci retracement of move 15916-15637. Move above 15770 to 15808 is expected to make price Throw Over channel. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of your financial advisors before investing/trading. Not recommended to take FnO positions based on this analysis I may or may not trade this analysis. Details in description. -------(((((Please LIKE or Comment)))))-------
NSE:NIFTYLong
by Niftydirection
Short Nifty at 15140 : Shorting at Resistance - Trading Wave C 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 that Wave B is completed at 15273 , and now we are going lower in Wave C for a target of 14311 ( C=A ) or deeper at 13721 ( 161% of Wave A ) We can never be sure that it's a Wave C and Nifty will fall. Trading is all about probabilities, It's probable that Wave B is completed and Nifty may fall or correction may come in form of Wave C to mention targets. We can not control the outcome, we can only control our trade. If I'm wrong on this trade then my Stop-loss is at 15275 or 135 Points. It's a good opportunity to trade for me because of the Risk To Reward Ratio.
NSE:NIFTYShort
by Equity-Earningz
Nifty downside with C waveDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. I may or may not trade this analysis --------------------------(((((LIKE)))))------------------------------- Confirmation of fall if breaks 14565 levels then downside till 14370-14250 possible in wave C
NSE:NIFTYShort
by Niftydirection
1
Nifty looking for zig zag correction 15th Jan 2021Bounce 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 the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of your financial advisors before investing/trading. I may or may not trade this analysis. Details in description. -------(((((Please LIKE & Donate Coins to support my analysis)))))-------
NSE:NIFTYShort
by Niftydirection
21
Nifty Start of Corrective WaveDetailed 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 which is least expected correction. Breaking below that we will see below Fibonacci correction levels 0.236=11089 0.382=10653 0.5=10300 0.618 = 9947 0.786 = 9445 Now Mondays 07th Aug closing is important then we will consider following Case 1 view Sideways: Wave B is flat or any complex correction range 11300-11584 Case 2 view Bearish: Wave C will be in progress 11111 will be hit subsequently below that given fib levels will be tested. Case 3 view Bullish: Only above 11600 Disclaimer: This investment/trading may not be suitable for all investors or analysis can be wrong so ask your financial advisor before investing. Your capital will be at high risk and you may loose all while trading Futures and Options. This is not actual buy or sell recommendation.
NSE:NIFTYShort
by Niftydirection
23