Get started

Wavetheory

Best Possible Elliott Wave Counts: ETHUSDHello friends, Welcome RK_Chaarts. Today we're attempting to analyze Ethereum's chart from an Elliott Wave perspective. Looking at the monthly timeframe chart, we can see that from the beginning, around 2015-2016, when data is available, to the top in 2021 we have a Super Cycle degree Wave (I) marked in blue, which has completed. Next, June 2022 we have a bottom around $874, marking the end of Super Cycle Wave (II) in blue. We are now unfolding Wave (III), which should have five sub-divisions. Within this, the red Cycle degree Wave I and Wave II have completed, and we have possibly started the third of third wave. Monthly: Moving to a lower timeframe (Weekly) where we observed the completion of blue Wave (II) and the start of Wave (III), we notice that within this, the red Cycle degree Wave I and Wave II have completed, and we've possibly started Wave III of cycle degree marked in Red. Furthermore, friends, within this third wave, we've marked the black Primary degree Waves ((1)) and ((2)), which we've labeled as Rounded ((1)) and Rounded ((2)). We're assuming these are complete, and Wave ((3)) has started, which is our current working hypothesis. Weekly: Now, if we move to a lower timeframe, such as the daily chart, we can see that the Cycle degree Wave II, which ended at 1385.70, has been followed by a Primary degree black Wave ((1)) in Black & Wave ((2)) has pulled back, completing Waves ((1)) and ((2)), and now Primary degree Wave ((3)) has started. Possible wave counts on Daily Within Wave ((3)), we expect five Intermediate degree waves. We've marked the first Intermediate degree Wave (1) in blue, which is currently unfolding. If we move to an even lower timeframe, such as the 4-hour chart, we can see that within the Intermediate degree blue Wave (1), there are five Minor degree sub-divisions marked in red. Waves 1 and 2 are complete, and Wave 3 is nearing completion. Possible wave counts on 4 Hours: Once Wave 3 is complete, we expect Waves 4 and 5 to follow, completing the Intermediate degree blue Wave (1). After that, we may see a dip in the form of Wave (2), followed by a continuation of the bullish trend as blue Wave (3). Possible wave counts on 60 Min: Friends, based on our multi-timeframe analysis, the overall wave structure appears bullish. We've provided snapshots of each timeframe, and you can see the nearest invalidation level marked with a red line. In this study, we're using Elliott Wave theory and structure, which involves multiple possibilities. The scenario we're presenting seems plausible because it's aligned across multiple timeframes and adheres to Elliott Wave principles. However, please remember that this analysis can be wrong, and you should consult with a financial advisor before making any investment decisions. This post is shared purely for educational purposes, to illustrate possible Elliott Waves. 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. 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/u/RK_Chaarts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts 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_Chaarts 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.
BITSTAMP:ETHUSDLong
by RK_Chaarts
Hidden in Plain Sight – This PIDILITE Setup Screams Opportunity!📊 PIDILITE – Post 5-Wave Fall, ABC Recovery In Progress Golden Fib confluence + strong structure = high-confidence swing setup Wave structure aligns with ideal retracements; Wave C potential unfolding with swing targets ahead. 🧩 Elliott Wave Breakdown: Complete 5-wave decline from swing highs → Wave 5 bottom confirmed Wave A completed at extended fib zone (113%–127% of wave a) Wave B retraced to Golden Zone: 50%–78.6% of Wave A Wave C now progressing toward swing target zone 🔍 Technical Confluences: Wave A Completion: ₹3130–₹3180 (113–127% extension) Wave B Golden Zone: ₹2735–₹2921 Strong bullish rejection and follow-through from Wave B lows CHoCH break confirms trend reversal from Wave 5 low 🎯 Target Zone for Wave C: Primary Swing Target: ₹3433–₹3491 FNO Upside Level: ₹3298 🛑 Stop-Loss Levels: Intraday SL: Hourly close below ₹2921.80 Positional SL: Day close below ₹2735.60 📈 Setup Summary: Clear ABC corrective recovery in play Ideal Fib alignment at both Wave A and B Structure favors low-risk, high-reward long opportunity Entry near ₹3070–3080 offers excellent positioning A technically sound swing setup with defined structure and reward zones – great candidate for Wave C riders. #Pidilite #ElliottWave #SwingSetup #WaveTheory #Nifty200 #TradingViewIndia
NSE:PIDILITINDLong
by LiveTradingBox
INDUS TOWER By KRS Charts25th April 2025 / 9:40 AM Why INDUSTOWER?? 1. Stock was reached its near ATH level but not able to hold the levels in Sep 2024 . From this point to today it seems like bullishness is getting weaker. 2. Wave Theory is saying Correction Wave ABC is ongoing and C is likely Started . 3. In support of more Correction from here FVG is visible in 1D TF and price are rejected from that level too. 4. Expecting correction from here in 5 Wave Structure towards downside. Expected Targets and SL are mentioned in Chart Note: This is Medium to Long Term View
NSE:INDUSTOWERShort
by KRSCharts
5
EURUSD Chart Analysis : An Elliott Wave Approach Hello friends, welcome to RK Charts! Today, we'll analyse the EURUSD chart using Elliot Waves. This study is based on Elliot Wave theory and structure, which enables multiple possibilities. Please note that the possibilities outlined here are not definitive predictions, but rather potential scenarios. The provided information is for educational purposes only and should not be considered trading advice. There is a risk of being completely wrong, and users are warned not to trade or invest solely based on this study. We are not responsible for any profits or losses incurred. Individuals should consult a financial advisor before making any trading or investment decisions. Now, let's dive into the analysis. According to Elliot Wave principles, we're currently in a corrective pattern, which consists of ((A)), ((B)) and ((C)) patterns. We've completed ((A)) and ((B)) and are now unfolding ((C)). Within ((C)) we expect five sub-divisions, labeled as intermediate waves (blue bracketed): blue (1), (2), (3), (4) & (5). Almost four of these sub-divisions are completed, and we've just begun the (5). We've set an invalidation point at 1.1065, which is the recent low. If this low is not breached, we'll likely continue unfolding the (5) wave of ((C)), which should break above the high of wave (3). However, if the low is breached, it's possible that wave (4) is undergoing a double correction. Both scenarios are possible, and we'll continue to monitor the market's unfold. Scenario 1 Scenario 2 This study is a deep dive into Elliot Wave counts, aligned with the rules and principles of Elliot Wave theory, as well as higher time frame and higher degree analysis. I hope this analysis based on Elliot Wave theory has helped you understand the chart better and learn something new. Please keep in mind that this is for educational purposes only. 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. 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/u/RK_Charts/ 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.
Long
by RK_Chaarts
3
Crude Oil Futures Under Pressure; Key Resistance Confirmed at ₹5Crude Oil futures on the MCX continued their downward trajectory on Wednesday, closing near ₹4,949 amid growing bearish momentum. WaveNodes Pro Max AI flagged a "Seller Trap Possible", but downside targets remain intact for now. Seller trap alert means big players are finding opportunity to trap or shed short sellers. The system-identified Short Entry at ₹5,212 has held firm as resistance, with two clear retests failing to breach the impact zone of ₹5,233–₹5,263. This former support has now flipped decisively into supply, adding pressure on intraday rallies. 🔻 Key Developments: AI Bearish Probability: Rises to 50.9%, surpassing bullish odds. Target 1 (₹5,036–₹5,103) achieved successfully. Target 2 set at ₹4,750–₹4,818, with potential for deeper correction toward ₹4,465–₹4,533. Profit Booking Alert: ₹5,084 marked as short-term profit-taking zone. 📉 Market Sentiment: Volatility remains elevated at 23 PPB, with good volatility reading at 21 PPB, suggesting controlled but active movement. Despite bearish strength, the AI warns of a possible seller trap, especially if prices reclaim levels above ₹5,084. 🧠 Analyst Take: “The rejection at ₹5,212 confirms the breakdown structure. As long as crude trades below this zone, lower targets remain open. However, a surprise reclaim could trigger short covering,” analysts from WaveNodes noted. 📊 Outlook: Trend: Bearish Resistance: ₹5,212–₹5,263 Support: ₹4,750 → ₹4,465 Traders are advised to watch volumes closely as crude approaches the next support band. A failure to break lower could validate the seller trap thesis.
MCX:CRUDEOIL1!Short
by WaveNodes
2
NIFTY detailed countingAs discussed in the last post, NIFTY's price has crossed over 23026.85 before 21st March so we can count the current move as wave (3). We can also see that price has broken the base channel, which is an important sign of wave (3) progression. The detailed counting is given in the chart. As we can see, the price is in subordinate wave 3 of the bigger wave (3). The minimum target of Trending Impulse is 161.8% as per the rule. We can expect the price to touch that level in the upcoming session. I have marked, for now, a bigger wave (3) (in red) at 161.8% but as mentioned earlier, it is just the minimum target of it and the price may go beyond this level too. This analysis is based on Elliott Wave theory and Fibonacci. This is not any buying recommendation. This analysis is for educational purposes only.
NSE:NIFTY
by theprofityogi
1
NIFTY: What's next?Nifty is moving as per our previous prediction posted on 5th March. After making a low of 21964.60, which is the completion of wave Z, the price is moving upwards. If this move is impulsive, the price must reach 100% level (23026.85) by 21st March. At this level, there is a cluster of Fib retracement level of 23.6% Further targets will be 127%, and 161.8% levels. This analysis is based on Elliott Wave theory and Fibonacci. This is not any buying recommendation. For educational purposes only.
NSE:NIFTYLong
by theprofityogi
5
Is it a reversal in NIFTY?If we observe the daily chart of NIFTY, a pattern like Morning Star can be seen near the 161.8% retracement level. Also, as per our previous study, the recent fall was wave (Z). The minimum target for it is 38.2% extension (which is a failure wave (Z) because most of the time, it is seen that wave (Z) is a failure or truncated). So, we can have a risky buying opportunity here with a small stop-loss below the recent low. Or, if one wants to play safe, he may have his stop bellow 61.8% (21662) level. The near target will be the bottom of wave (Y), i.e., 22786.90 This analysis is based on the Elliott wave theory and Fibonacci. This is not any buying recommendations. This analysis is for educational purposes only.
NSE:NIFTYLong
by theprofityogi
5
City Union Bank completed a Wave 4 on Weekly timeframeCity Union Bank has been in an uptrend since February 2009 and has recently completed Wave 4 in a triangle pattern. Now, it is poised to form Wave 5 in the coming weeks. A conservative approach to maximize gains from Wave 5 is to enter the market at the right moment, which is when the stock starts trading above Rs. 181, marking an entry over Wave D of the triangle. This strategy aligns with the principles of Elliott Wave Theory, where Wave 5 typically represents a final upward movement in the trend. By waiting for the stock to trade above Rs. 181, you can potentially capture the gains from this anticipated upward movement.
NSE:CUB
by rajnish_jana
ICICI Bank forming a Potential Wave CICICI Bank began gaining momentum after its Q2 earnings for FY 23-24 in October 2023, starting from a low of Rs. 899. Over the past year, it completed an impulse wave, culminating in the 5th wave as an ending diagonal on December 17, 2024, with a high price of Rs. 1362.35, marking a rally of nearly 463 points. Following this, ICICI Bank entered an ABC correction phase. It completed Wave A on January 23, 2025 (37 days), with a low of Rs. 1186.00, a decline of approximately 176 points. Wave B formed on February 4, 2025 (12 days), reaching a high of Rs. 1280.50, which is almost 50% of Wave A, a typical Elliott wave correction. Currently, ICICI Bank is in the process of forming Wave C and could potentially see a low of Rs. 1100.00, targeting at least 176 points before its earnings update on April 21, 2025.
NSE:ICICIBANKShort
by rajnish_jana
1
BANKNIFTY: Elliott Wave AnalysisBANKNIFTY counting using Elliott Wave theory is done from 13th January. We can see FLART- ZIGZAG- ZIGZAG CORRECTION marked in the chart. The top made on 6th February is marked as wave (W) because it has 3 moves in it. The fall after that was sharp and fast. This is the characteristic of wave (X). Now, according to my analysis price is standing on wave (B) of wave (Y). and as per previous observations, wave (Y) always crosses the top of wave (W), so we can expect it to go up to 100% extension. This not any buying or selling recommendation. This analysis is based on Elliott Wave theory and Fibonacci. For educational purpose only.
NSE:BANKNIFTY
by theprofityogi
5
Nifty Long Term ChannelNifty has been in this channel since 1990 & we see a throw over in 2008 when extreme bullishness takes it past the channel top to only see a deep correction. We are near to channel top again but do we have extreme sentiment on bullish side ? No rather we have a extreme bearish sentiment so can we see a throw over again in this channel for this bull cycle started from Covid lows of March 2020. Lets dig some numbers March 2020 Low was 7511 Oct 2021 High was 18604 Net Rise 11093 Points June 2021 Low was 15183 Add 11093 Sept 2024 High 26277 Now we did to 2 equal rise of 11093 points 1st in 19 Months & second in 27 Months what if the low of 22786 is a major low given the extreme negative sentiment at we are adding another 11093 points from here in next 19 months. Are we heading to 33900 by Oct 2026 ? If Nifty closes above 25000 than second hurdle will be ATH at 26277 than we would see fast & furious bull run which could be last leg of this euphoria which gives a throw over on this long term Channel. DISC : View shared here are for Educational purpose only i am not a SEBI registered analyst please consult your Financial advisor before taking any trades.
NSE:NIFTYLong
by churiwalvikram
Tata Motors-2-Chart AnalysisTata motors CMP:786.45; RSI: 36.35; TATAMOTORS has completed 5 wave impulsive -Primary Bull cycle phase on weekly chart basis and now in corrective of ABC wave in formation . Corrective Wave-A has bottomed out and wave-B may give a swing trade opportunity for aggressive trader . This wave-B may take the Tata Motors shares at levels of 969-980 levels. In Long term view is still avoid and fresh entry is suggested only for swing trade. On daily chart basis, also 5 wave structure has formed as identified in chart structure, It suggest script will now reverse as it has entered wave-a formation. Chart structure suggest a swing trade is open. The key crucial levels are listed below Swing Trade Target 1: 969-980; Target 2: 1000-1020. Stop Loss : 710 ✅ For more trading ideas like this, please like, share, and follow my Idea Stream ✅
NSE:TATAMOTORSLong
by DrPrashantVerma
MAZDOCK - Ready for the next moveThe stock has been a market favorite. Technically it has cooled down owing to the Wave analysis which every stock goes through. Overall the Stock is in Stage 2. The stock is now gearing up to give Range Breakout. On the Fundamental side: - Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 24.14% - Healthy long term growth as Net Sales has grown by an annual rate of 24.97% and Operating profit at 94.40% - Company has a low Debt to Equity ratio (avg) at 0 times - The company has declared Positive results for the last 8 consecutive quarters - NET SALES(9M) At Rs 8,217.50 cr has Grown at 35.18 % - ROCE(HY) Highest at 44.63 % - INVENTORY TURNOVER RATIO(HY) Highest at 2.19 times - Increasing Participation by Institutional Investors. Institutional investors have increased their stake by 0.56% over the previous quarter and collectively hold 3.02% of the company.
NSE:MAZDOCKLong
by CannySunny
4
BEML- Breakout updateBEML CMP: 4360.25; RSI: 67.40; BEML has completed primary level ABC correction pattern. Now clear breakout above 4280 level was observed as script is sustaining above breakout level from last 3 consecutive trading sessions, representing strength in script and bottoming out signs. Thus, fresh position in BEML can be initiated. Chart structure is strong and must be accumulated for a swing trade as per below suggested levels. Accumulation Zone: 4300-4400 Stop Loss: 4280 Target: 4604-5052-6234 ✅ FOR MORE TRADING IDEAS LIKE THIS, PLEASE LIKE, SHARE, AND FOLLOW MY IDEA STREAM ✅
NSE:BEMLLong
by DrPrashantVerma
INTERGLOBE AVIATION-UP FOR SWING TRADEInterGlobe Aviation: CMP:4469; RSI: 69.62 As per Elliot wave analysis, Inter Globe Aviation has completed primary wave-4 formation @ 3780 and motive wave-5 is in its initial phase of expansion. Confirmation of the same will be evident when script give close above 4885 levels on closing basis. A swing trade is poised in the near future with a upside of 15-20%. Call For Aggressive traders Buy Zone: 4400-4500 Stop Loss: 4300 Resistance Zone: 4772-4885 Target 1: 5125; Target 2: 5400 Call For long term Investor Buy above: 4900 Target: 6400 (1 year time frame) Stop Loss: 4300
NSE:INDIGOLong
by DrPrashantVerma
TCS Buying Opportunity▎Analysis of TCS Stock using Elliott Wave Theory Overview: TCS (Tata Consultancy Services) has recently formed an Ending Diagonal pattern in the 75-minute timeframe, indicative of a terminal impulse wave. This pattern suggests that the stock may be nearing the end of its current trend, and a reversal could be imminent. Elliott Wave Theory Context: According to Elliott Wave Theory, an Ending Diagonal typically occurs in the final wave of a trend (Wave 5). This pattern is characterized by converging trendlines and can signify exhaustion in buying or selling pressure. Traders often look for a reversal after such formations, particularly when combined with Fibonacci retracement levels. Fibonacci Retracement: Following the completion of the Ending Diagonal, TCS has retraced approximately 61.8% of its previous upward move. The 61.8% Fibonacci retracement level is considered a significant area for potential support, where aggressive traders might start to accumulate positions in anticipation of a reversal. For those who prefer a more conservative approach, waiting for the 81% retracement level could provide an additional margin of safety before entering a trade. This level often acts as a strong support zone and can offer better risk-reward ratios. Entry Points: • Aggressive Entry: Near the 61.8% Fibonacci retracement level. • Conservative Entry: Around the 81% Fibonacci retracement level. Stop Loss: As indicated in the accompanying chart, it is crucial to place a stop loss just below the recent swing low or beneath the 81% retracement level. This helps to manage risk effectively should the market move against the anticipated direction. ▎Conclusion: The current technical setup for TCS presents potential buying opportunities based on the Ending Diagonal formation and Fibonacci retracement levels. Traders should consider their risk tolerance and trading style when deciding on entry points and stop loss placements. As always, it is essential to conduct further analysis and confirm signals with additional indicators before making trading decisions. Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice. Always do your own research and consult with a financial advisor before making investment decisions.
NSE:TCSLong
by theprofityogi
Good buying opportunity in HDFCAMCWave 4 is almost finished in HDFCAMC. We can see that a Flat Correction is getting over here. Wave C of this Flat Correction is near 127%, where a 50% retracement level of the previous impulse is also present. This creates a good buying cluster. The stop loss for this trade will be 61.8% (marked in red). As wave 4 will never reach this level, we can assume that this is a pretty valid level at which to put our stop. This analysis is based on Elliott wave theory and Fibonacci. This analysis is for educational purposes only. Please always do your own research before you take any trade.
NSE:HDFCAMCLong
by theprofityogi
When to buy BHARTIAIRTELIn BHARTI AIRTEL, a Diagonal (Terminal impulse) is finished and the price is falling. After any Diagonal the next fall is always 61.8% or 81.2%. So, if anyone is interested in buying this stock, they may start buying near these two levels: 1577.45 and 1544.05. This analysis is based on Elliott wave theory and Fibonacci. This is not any buying recommendation. Please always do your own research before you take any trade. This analysis is for educational purposes only.
NSE:BHARTIARTL
by theprofityogi
Time Analysis - Elliott Wave combinationSWAN ENERGY LTD is in impulse now. In the daily chart of SWAN ENERGY LTD, Flat Correction is getting over and the price is entering in impulse now. This can be said if we combine Time analysis with Elliott wave counting. The detailed counting of this Flat Correction can be seen in the chart above. The 0-B trendline is broken in half time of wave C time. (We can see wave C took 59 bars to form and after that, the price breaks above the 0-B trendline in just 30 bars) According to the rule, the Flat Correction is over and the price is in impulse now. The price will go to 127% for sure here, which gives us a price level of 875.45. This analysis is based on Elliott Wave theory and Fibonacci with time analysis. This analysis is for educational purposes only.
NSE:SWANENERGY
by theprofityogi
PI INDUSTRIES good to buy?The daily chart of PI INDUSTRIES shows that the stock is in wave 4 of an impulse. Wave 3 is a terminal impulse in this case as it is less than 161.8% (see fib extension in green). And as per the rule, wave 4 of any terminal impulse can overlap with wave 1. Also, wave 4 can retrace to 50%. We have done detailed counting, and we can see that the price is near 50% of the fib retracement of the impulse. At this level, we can see wave C of wave 4 is standing at 127% extension. It is possible that the price can fall a little further up to 161.8% extension. (See fib extension in blue). The conclusion is that an aggressive trader can enter between the zone of 50% (see in black) fib retracement and 161.8% (see in blue) fib extension. For conservative entry, one can wait for the price to break and sustain above 38.2% (see in black). The stoploss for both entries will be below 61.8% (see in red). This is quite logical because wave 4 will never close below 61.8% Meaning, the 61.8% level is an invalidation point for all this counting and the price will fall further if it breaks 61.8% This analysis is based on Elliott wave theory and Fibonacci. This analysis is for educational purposes only. This is not any buying recommendation. Please always do your research before taking any trade.
NSE:PIINDLong
by theprofityogi