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Waves

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!…
NSE:HDFCAMC
by n0m0ret0ss
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.
NSE:TATACOMMEducation
by RK_Chaarts
23
Good Days ahead for the stockAfter a long correction both time wise and price wise -> stock showed first clean 5 wave rise -> what followed was a perfect "abc" correction which touched 66% retracement levels We cannot get a more cleaner structure in EW than this chart has provided for Wave 1 and Wave 2 The reversal came with strong 1 day candle that closed again above the falling channel top (this channel is all the way from Highs) Looks to us as Wave 3 in minor degree has started. What we would like to see is this minor degree structure develops in a 5 wave rise to confirm the long term trend reversal. Lets see how this develops. Disclosure - we took a testing position in the stock yesterday. Disclaimer - this is not a buy recommendation, just sharing our views for the trade we took. Please consult your financial advisor before making any decision.
HLong
by riskOmeter
LD to start withThe price moved in a 5 wave up. This could be a probable Leading Diagonal of the fresh move that started. Risk Reward looks favourable for buying near the zone and we would look to buy the scrip for at C / 3 up. Invalidation point 453. Lets see how this develops. Please note these are personal views and we are sharing as we find it an interesting idea and may even look into trading. This in no way is a Buy/Sell recommendation. Please consult your financial advisor before taking any decision.
NSE:GUJGASLTD
by riskOmeter
If U want to trade right see leftIt is often said - "History does not repeat, it rhymes" Price is making a rising wedge pattern similar to the earlier one (on the left side). It has also reached the previous resistance. Q - > Will the next move be similar ? A - > Not sure right now, but indications of being extra cautious are popping up as the days go by Indications - 1. The steepness of the rising trendline support - such steep trendlines do not hold for a longer time and normally the support give away 2. Price has developed Bearish divergence with the momentum indicator right at the resistance level So, at least as a trader we need to keep ourselves close to the exit door. Happy Trading !
NSE:ICICIBANK
by riskOmeter
2
NIFTY MAY HAVE OTHER IDEASThe bull run we are witnessing may be wave 4 of the downward rally in Nifty. In that case, we may expect a collapse from here. Currently nifty is trading close to 18100 which corresponds to 0.618 levels of the downward Elliot wave. This level should be a stiff resistance for nifty. Next week market may open with a gap up and can get sold into. Day closing above 18100 will nullify this view. Based on Fibonacci extensions wave 5 can take nifty to 16500 levels by June end.
NSE:NIFTYShort
by Stock-Holmes
6
When all news is good news for a stockAs per the wave personality theory, the best news about a stock comes during 5th wave of some degree. The scrip has been in news lately for various good reasons and every analyst / news channel is covering the same. However, technically - We may be in the 5th wave of rise from Nov 2020 lows of 22/- as marked - On weekly scale, the 5th is almost complete unless it decides to extend by way of sub-divisions - Price is developing negative divergence with momentum indicator What next - in our view - Time to tighten SL. - There is no harm in taking some profits off the table if monthly closing (although its just mid of the month and closing is still far away) is a red bar. Let's see how this develops. Disclaimer - These are our personal views and in no way a Buy or Sell recommendation. Any trade or investment decision if you wish to take, please do after consulting your financial advisor.
NSE:SDBL
by riskOmeter