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Corrective Wave Pattern- PHILIPCARBHope the above chart helped you in understanding about how the Elliott Corrective Wave Theory works! So we have the example of PCBL here which was in a correction, forming the Elliott five waves and now is under accumulation phase. It has already broken the trendline and is now expected to break the consolidation phase and then complete our wave theory according to which the downtrend ( correction phase) is now over and now it is ready to start a new uptrend. During accumulation we can notice good volumes getting in and we can therefore expect 20% move in the near future. Feel free to give your views on my analysis. DYOR as well 👍 Happy Trading1
PLong
by UnknownUnicorn21160479
19
Nifty - Corrective Wave + Bearish Bat (Selling Below 15045)Reasons for sell • Falling Trendline can act as resistance connecting 15336 & 15045 Highs • Corrective wave close to end its structure which started from 14416 lows • Bearish Bat Harmonic structure PRZ below 15045 More confirmation for selling to be confirmed • Once Index takes out 14890-14900 zone • Slips below gap up zone 14828-14892 zone Target Downside • 14765 (Target 1) • 14725 (Target 2) • 14605 (Target 3) • 14415 (Target 4) • 14350 (Final Target) Stops or Invalidation Level***************** • Rally upside above 15045 -------------------------------------------------------------------------------------------------------------------------- Last Idea Published
NSE:NIFTYShort
by WaveTalks
50
Trent-The Trap-False Breakout Above 805 (Wave Analysis)This stock has limited trading opportunity in current scenario. Possible Trading Strategies mentioned below • Sell below 625 for downside target -540 which is 61% retracement of upside last wave (365 to 809) • Buy above 725 (strictly hold your buy positions till it holds above 725 as false breakouts can happen above 725 as they are extremely choppy moves) • Sell below 540 • Buy Above 810 Long Term Scenario - Positive once 810- critical level gets broken upside to be reviewed later.
NSE:TRENT
by WaveTalks
27
Reliance-Risky or Rewarding (Ongoing 5th Wave ) (Wave Analysis)Last Fall /Wave Downside- 2022 to 1855 was done in fast & furious mode as suggested in the last idea mentioned below -------------------------------------------------------------------------------------------------------- Last Idea- Last Leg Running upside in Triangle close to 2000- Get Ready for Fall!!! -------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------ --------------------------- Trading Strategy --------------------------- • Channel can provide resistance below 2022 • Careful in 2000-2022 zone • Sell strictly below 2022 for 1900 / 1850 & lower targets • Buy strictly above 2022 (once crosses upside & holds above the level) ------------------------------------------------------------------------------------------------------------------------ Thanks & Have a wonderful week ahead.
NSE:RELIANCEShort
by WaveTalks
11
Nifty - Heavyweight Reliance Cracks 7% - Will Nifty Crack Next?Last - 11635/b] Heavyweight Reliance Cracks 7% (2065 to 1897) on disappointing results as discussed in overnight idea @ 1st Nov2020 & the personality confirms that stock could be in wave-3 or wave-C which was warned earlier that below 2000 - stock can have trouble. ------------------------------------------------------------------------------------------------------------------------------ Most of the stocks discussed has witnessed good intraday fall ------------------------------------------------------------------------------------------- Tata steel - Fall from 411/413 zone to 400 Auropharma - running close to 750's ITC - Falling in desired direction of 157 with key support 165-167 zone USDINR- Halting close to 74.50 key level ----------------------------------------------------------------------------------------------------------------------------- Idea Published @ 1stNov2020 ---------------------------------------------------------------------------------------------------------------------------- Will Nifty Crack Next ? --------------------------------------------- Moves are choppy & possible new upside can be expected only above 11700 & later should cross 11745/11750 key levels. Failing to cross key levels, index can slip to 11550 / 11380-11420 zone Target 1- 11550 Target 2 - 11380-11420 Parallel channel drawn from lows of 7511 connecting 10790 (discussed in last night video idea) -extended upside can offer support in 11380-11420 with minor support close to 11550 level. Thanks
NSE:NIFTYShort
by WaveTalks
18
Auropharma- B-Wave Shift Can Cause Havoc- Part 2Short Term Trading Plan Last Price- 819.40 Short Term Buy Above 820 (Strictly follow the levels) for 835-840 If crosses above 840 / 845 zone then extends upside to 855 / 870 - Long Term Trading Plan Careful at the tops as fall may start later for downside target 735 & even lower in Larger Degree -Wave C -------------------------------------------------------------------------------------------------------------------- B-Wave Extended to 968 Highs & Drop Started
NSE:AUROPHARMA
by WaveTalks
10
Tata steel- Wave Counts- Will it Fall to 300 ?Not a trading call. Purely for Educational Purpose. Consult Financial Advisor before taking any trades. ---------------------------------------------------------------------------------------------------------------------------- Wave Analysis Flat Correction (W X Y) - from the highs of 442 can be completed with one more downside leg or fall close to 300 levels. ----------------------------------------------------------------------------------------------------------------------------- Last Wave Idea on Tata steel - 29th July 2020
NSE:TATASTEELEducation
by WaveTalks
8
Gold- Triangle Scenario Evolving As Ending Diagonal- Wave YNot a trading call Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. ------------------------------------------------------------------------------------------------------------------------------ Note - For Educational purpose only ------------------------------------------------------------------------------------------------------------------------------ Market Commentary Last Idea - Suggested It could be a triangle unfolding - Gold did best holding 50500 levels (approx) with +/- 250 points & attempting 52000 levels. "if gold holded 50500 levels then triangle scenario was still open but breaking below 50500 level- triangle scenario was negated" Later breaking 50500 levels after making high @ 52182 - now it can possibly unfold as an ending diagonal which again suggest that making a new low below 49250 - it can attempt all-time new high or similar high @ 56191 Short Term - Downside Trend - one more fall expected below 49250 holding below 50350 Long Term - Upside Bias & One more high cannot be negated. Once New low is achieved as per short term trend- close to 49000- we can expect new all times or similar high @ 56191
MCX:GOLD1!
by WaveTalks
6
Nifty-10300 to 10550-An Awesome Run Upside- Is It Done & Out ?Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. ------------------------------------------------------------------------------------------------------------------------------ The Last Nifty Idea - Buy Above 10300 for 10550 ------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------- A Question which you need to ask yourself - This Time I am not giving any direction. You need to suggest what you think about Index with your own charts. Pour in your answers with awesome charts. Let us have a constructive talk. ----------------------------------------------------- My TradingView Profile Page ---------------------------------------------------- in.tradingview.com -------------------------------------------------------------------------------------------------------------------- Cheers & Best Wishes
NSE:NIFTY
by WaveTalks
33