Waves
waiting for TRIANGLE BREAKOUT in BNBUSDTElliott Wave Analysis:-
Waiting for TRIANGLE BREAKOUT. Once the breakout took place then we decide the move of the wave .
i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
A flat correction is taking place in IFCI. a Turn around stockElliott Wave Analysis:-
View 1:-
A fall was completed an impulse 1st wave seems to be completed and an correction 2nd wave seems to the impulse was taking place.
If the high 18.85 was not broken then the previous low 8.50 have to break and we can accumulate around 5-7. which will be a safe bet. It has 70% govt holdings. only reason to touch this chart. if this was going to form a impulse then we may accumulate in every fall. but it seems to be an Penny stock kindly keep this for resarch purpose or kindly consult your financial advisor before taking this trade.
I'm not a SEBI registered advisor.
Further details will be added in comments .
Raise / Fall in NIFTY 50:- updated viewElliott Wave Analysis.:-
There may be a Pull back for 19886 -19960.
We have to wait and watch the wave formation
i'm not a SEBI registered advisor.
Before taking a trade do your own analysis or consult a financial advisor.
I share chart for education purpose only.
I share my trade setup.
Reliance Price Action.Reliance is taking support of trend line. If it sustain above 2585,it will come in bullish mode and next target would be 2929 soon.
zigzag correction in BANKNIFTY ELLIOTT WAVE ANALYSIS:-
View-1:-
It seems that a zigzag wave has completed.
A bounce back looks like connecting correction wave B is forming, a little bounce back may happen to form a connecting waves in a correction form.
View-2:-
It seems that a zigzag wave has completed.
An impulse wave was emerged and an impulse 1st wave was completed and a corrective 2nd wave was completed it seems to be an emerging of impulse 3rd wave .
Expected a reasonable bounce back if the 43600 level sustains. If the level break and go down then there will be another zig zag formation may take place.
T1=44439
T2= 44586
T3=44957
T4=45274-45615
For View 2 stop loss will be 43600.
For wave 1 there will be no stop loss.
i'm not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor.
triangle pattern breakout in PETRONET LNGThere is a triangle pattern formation in the chart for long term.
Expecting a bounce back once it reaches 210-214 zone.
Target for triangle pattern with taking C Wave as stop loss. once there is a breakout then we can go for the consider E wave as stop loss and we can trail accordingly.
Target:-
T1- 242
T2-264
T3-300
T4-330
Stop @ 190
we have to wait and watch the pattern formation.
An alternative view I will post in the forecoming chart's.
impulse wave in HINDUSTAN PETRO. Alternative wave.Elliott Wave Analysis:-
Both correction and impulse wave we are expecting a correction.
once correction get ended an impulse take place.
View 1:-
There is also expected an impulse wave i) completed and a correction wave ii) was almost over if raise start then impulse wave iii) is expected to move on.
View2:-
Correction wave was still pending and a low was expected.
once the low was completed then the impulse wave of v wave was expected .
I'm not a SEBI registered advisor.
Kindly consult your financial advisor.
Correction in hindustan Petro.Elliott Wave Analysis.
Both correction and impulse wave we are expecting a correction.
once correction get ended, an impulse wave will enlight the move.
View 2:-
There is also expected an impulse wave i) completed and a correction wave ii) was almost over if raise start then impulse wave iii) is expected to move on.
I'm not a SEBI registered advisor.
Kindly consult your financial advisor.
expanding triangle in NIFTY50. View 1Elliott Wave Analysis:-
one corrective wave W was over and a connecting wave X for complex correction was over.
now the complex correction was forming, a wave seems to be over and an expanding triangle was forming.
This may be a formation of expanded flat correction too.
This expanding flat correction will be updated in another chart.
I'm not a SEBI registered advisor.
Kindly consult your financial advisor.
triangle pattern breakout.Elliott Wave Analysis:-
View 1:- swing trade,
A triangle has formed in the 4th wave Correction wave and it seems to be ready to give an impulse breakout. if it so then the target will be
Target 1:- 4800
T2:- 5150
T3:-6100
Stop loss:-3291
if the pattern had broken up and crossed the 4610 then the stop may be adjusted to 3485.
View 2:-
there may be an alternative view which the triangle may breakout in bottom and it may also go till 2500-2900. we can average at bottom. if long term investor can also think of choosing second view else only 1st view is advisable.
i'm not a SEBI advisor. kindly consider your own analysis before taking the trade or consult your own financial advisor.
NIFTY... ELLIOT WAVES... As per Elliot wave analysis, nifty has probably completed minor waves 3 & 4 of intermediate wave (3) of primary wave 3. (Have marked in the chart)
Today nifty should complete downward wave 5 (likely to end at support zone 19100 to 19150). Following which the intermediate wave (4) is likely to begin which can rally to 300 to 400 points.
Will update as nifty progresses. The market is always right!
Diagonal formation in AARTI-INDElliott Wave Analysis
A diagonal has formed in the C wave. there may be a small correction pending.
the correction seems to be a 2nd wave to the Previous 1st impulse wave.
almost 60% fall was done.
we may expect a bounce back.
further chart will be posted accordingly.
kindly follow to kept updated.
alternative view redingtonan alternate view on final 5th wave and once this is completed. an impulse wave was yet to complete.
An impulse wave over and simple correction happen in REDINGTONELLIOTT WAVE ANALYSIS
An impulse took place and a cycle has completed the 1) wave and the correction of 2) is in the end .
In 2) wave a simple flat correction took place. But my view is that we may expectation is that we may expect a complex correction .
It may raise to 180-190.
If the up move was slow and too long then we can expect a correction wave.
correction wave pattern was already posted and it was linked below, you people can view that chart for more clarification. it an alternative view.
a correction in impulse / correction in #KARNATAKA BANK. #SBINElliott Wave Analysis
1) Impulse Wave:-
there is a chance of 3rd major wave ending and the 4th impulse wave is taking place.
after a fall we can accumulate.
2). Corrective Wave:- (complex correction)
A correction wave had completed and now the connecting wave X is forming may be the next wave can be a formation of Y or a complex correction.
The Karnataka bank give the similar pattern like SBIN.
a correction in impulse / correction in SBINElliott Wave Analysis
1) Impulse Wave:-
there is a chance of 3rd major wave ending and the 4th impulse wave is taking place.
after a fall we can accumulate.
2). Corrective Wave:- (complex correction)
A correction wave had completed and now the connecting wave X is forming may be the next wave can be a formation of Y or a complex correction.
Diagonal ended. A new raise of Walt DisneyExplained in a chart clearly.
An impulse wave was over with an ending diagonal. We may expect an impulse up side move.
But it may also give a little low .
just an idea on amaron. i will publish a detailed view on coming days .
This is not analysed in a detailed manner's.
if anybody wish to accumulate in slow manners it can be done.
I'm just sharing a small piece of view for a Long side.
a Detailed view will be published soon.
Seeing good impulse in zeel A nice ride started .
Forgot to post my chart earlier.
This is a nice ride if we get any pull back.
If we don’t get any pullback then we can wait and watch the move.
Seeing impulse on HDFC AMCI’m impulse with this share. For long run we can hold on and slowly accumulate.
It may give a correction at this level or slight up ad then a low and then the impulse rally begins.
At end of the day Im impulse in this scrip unless any bad news arrive in the fundamental.
More Foreign investor and domestic investors are accumulating and less retail investor are in.
I’m not a SEBI advisor. Before taking any trade kindly consult ur financial divisor. I’m just sharing my view.
Your comments are most welcomed!…
buy point with sumitomo.we may accumulate at this point.
with 381 as stop loss we can go to sail with the tide.
An Analysis in Harmony Top-Down Approach chart studyHello Friends,
Today, we have something special in store as we take a top-down approach to analyze a specific stock - Tata Communications in the world of trading. By employing this multi-time frame method, we'll be diving into various charts, starting from the big picture down to smaller timeframes.
Before we begin, please remember that trading carries risks, and past performance does not guarantee future results. The analysis we're about to discuss is for educational purposes only and not financial advice.
Alright, let's kick off our analysis with the big picture - the monthly chart of Tata Communications. Here, we've identified an exciting Elliott wave count - the third wave of the fifth wave. According to Elliott wave theory, markets move in a series of five waves in the direction of the main trend, followed by three waves in a corrective direction. The third wave is well known for its strength and often the longest in a trending market. So, on the monthly chart of Tata Communications, we're witnessing this powerful third wave within the fifth wave, indicating potential significant moves ahead for the stock.
Next, we'll move down to the weekly chart to gain more insights. On this timeframe, we observed a thrilling development - the "inverted head and shoulders" pattern. This pattern aligns perfectly with the larger Elliott wave count on the monthly chart, supporting the idea of a trend reversal and a potential new uptrend for Tata Communications.
Finally, we'll zoom in even closer to the daily chart. Here, we have another intriguing pattern - a "flag and pole" pattern in the forming stage. This daily pattern further reinforces the notion of an upcoming bullish move for Tata Communications, in line with both the weekly inverted head and shoulders breakout and the monthly Elliott wave count.
On daily time frame Flag and pole chart patterns, flag in formation and still breakout is pending
By utilizing the top-down approach, we've gained a comprehensive understanding of Tata Communications' potential direction. The monthly Elliott wave count provided us with the big picture, the weekly inverted head and shoulders confirmed the trend reversal, and the daily flag and pole pattern hinted at a continuation of the upward movement for the stock.
But remember, trading involves risks, and there are no guarantees. So, it's essential to approach it with caution and use risk management strategies to protect your capital.
In conclusion, we've taken a top-down approach to analyze Tata Communications, considering the monthly Elliott wave count, the weekly inverted head and shoulders breakout, and the daily flag and pole pattern in the forming stage. Keep a close eye on these patterns and the stock's price action, and remember to trade wisely and make well-informed decisions.
I am not Sebi registered analyst. My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Thank you for joining us on this exciting trading journey !
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
