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Wolfe-wave

Title: Nifty 50: Downtrend Persists, But a Reversal PossibleNifty 50 has dropped 12% from its all-time high, causing fear in the market. However, a Wolfe Wave pattern suggests a possible bounce. After peaking at 22,277 on September 27, 2024, Nifty has been falling, with a brief rise on November 21, 2024, before hitting a new low of 22,786 on January 27, 2025. The short-term correction seems over, and an upside move toward 24,900–25,000 is likely, though risks remain—stop-loss is essential. Disclaimer: This is for information only, not financial advice. Do your research before investing.
NSE:NIFTYLong
by karuneshBajpai
Reliance chart studyReliance spot at 2600 Weekly time frame Horizontal resistance as per previous life high levels, from where counter have changed trend in past, Bearish wolf wave or wedge can also be considered as per formation. Need to keep close watch on price action on daily time frame, if counter is not able to breakout and sustain above life high levels, can retrace around 5-7-10% going ahead, counter have give around 20% move from 2200 levels one way so as per fibbo 50% retrace would give a good 8-10% fall in counter. life high levels remain a key point as the juncture
NSE:RELIANCE
by RUDRA007
Vijay Kedia increases stake in Atul Auto.Market Cap : 881 Cr Atul Auto manufactures and sales Auto Rickshaws in domestic and overseas market. Atul's diesel engines are supplied by Greaves cotton whereas they makes their own engine for petrol and alternative fuel vehicles. Capacity expansion The company completed green field expansion taking the total capacity to 120,000 units on September 2021 at a cost of 150 cr. assembly line would be made operational in FY2022-23 Atul held 30% stake in Khusbu auto finance which was recently increased to 100%. The stake was valued at 64 Cr.
NSE:ATULAUTOLong
by CannySunny
7
Bank nifty case studyBank nifty spot cmp 45344 weekly time frame wolf wave + pre assumed harmonic formation Bearish wolf wave formation Index have just touched the resistance line of ascending wedge formation. may be can still give bit higher move of 300-400 points. may be can reverse from current levels it self, bearish divergence on rsi and macd with respect to price. Pre assumption of cypher pattern formation on weekly time frame. Leg c have extended around 1.10% of Leg AB, so as per harmonic can still it extend to levels of 1.13%, but once reversal confirms, the fall will be brutal and unexpected.. Caution ahead for bulls,, Note i am personally short from 18600 levels and might add short at current levels on nifty.. this is not trade recommendation, take it as understanding
NSE:BANKNIFTY
by RUDRA007
NIFTY OUTLOOK (DOWNSIDE BY 10TH TO 15TH MAY)After forming a Bullish Wolfe Wave, Nifty has been rallying fantastically. It has successfully given a break out of the 2-4 TL. And with ups and down I expect the rally to continue till 10 May to 15th May 2023. I am not sure about the price levels but the utmost high that is achievable by NIFTY seems to be 18605 (18605 has been derived by both Price action and Fibonacci Retracement) The reason is purely because of Time cycle. As I have posted earlier the exact downside reversal of Nifty starting 2nd December 2022, this current chart is just a follow up of the previous chart. Nifty follows a 55 Days Time cycle for downside reversal where it tops out and falls by minimum 5.5%. All the time cycles are plotted in “Red Vertical Lines” and the tops are enclosed in a “Rectangular Structure”. PREVIOUSLY DOWNSIDE SEEN IN 55 DAYS TIME CYCLE: 12TH JAN 2022 4TH APRIL 2022 13TH SEPT 2022 2ND DEC 2022 20TH FEB 2023 The next time cycle of 55 Days lies in between 10th -15th May 2023. I expect Nifty may start reversing downside in between the above mentioned dates. I am not sure about the price levels, it may be anywhere between above 18100 to 18605. Incase of any confirmation for the price, I will surely update the same in update idea section of this chart. Nifty may consolidate or give a 1% to 1.5% percent fall before the dates but I expect that it would be only to create a new high. The link to the previous study for the downside reversal starting 2nd December 2023 is given below: CHART & ANALYSIS Adarsh Dey
NSE:NIFTY
by AdarshDey
10
NIFTY OUTLOOKIn the recent downtrend starting from 2nd December 2022, Nifty has corrected by more than 2000 points or nearly 11%. Of course trying to be intelligent the reason could be blamed upon FII Selling. But if we look at the charts of Dow Jones and S&P 500, a better and clear picture to the entire correction can be understood., The fall starting 2nd Dec 2022 was clearly visible due to the time zone reversals that NIFTY was following. But finding the bottom became too challenging and I admit that I failed to successfully find the bottom a few weeks ago through predictive analysis. The reason was purely because the US markets were ignored in the analysis of Indian Markets. When I look back into the US’s index charts, I find the charts are completely harmonic in nature and beautifully follows a pattern. Both the Dow Jones and S&P 500 were in Wolfe wave and there was a throwback after the breakout from 2-4 TL. During this breakout and throw back session, the Indian markets have been continuously down. Now there are signs of recovery, after a throwback in the US markets seems to be completed and Nifty 50 forming a bullish Wolfe Wave as well. The global markets seem ready for a bounce at least. However the target for Nifty would be at 17772 and above. Minor hurdle for Nifty is 17530 for the upcoming week. (Dow Jones has completed the throwback and reversed sharply. 34281 remains to be the resistance) (S&P 500 has completed the throwback and reversed sharply. 4325 remains to be the resistance) Chart & Analysis ADARSH DEY
NSE:NIFTYLong
by AdarshDey
7
BIOCON OVERSOLD (FIBO TIME ZONE ANALYSIS )Biocon Ltd looks fundamentally very disappointing but there are few patterns on charts that makes it technically interesting at this point of time. Betting for an upside with a calculated risk doesn't seem as a bad option for now. BIOCON ON CHARTS: - Biocon has formed a Bullish Wolfe Wave. - After 10 Weeks the Weekly closing has been above prior candle's close. -The bullish pattern has been formed at a very important Fibonacci Retracement level of 89%. - RSI is at Oversold zone and at Reversal Zone. - Negative DI index stands at 31, it generally indicates a oversold trend and a trend reversal in Biocon. Because -ve DI in Biocon never crosses 35. - Directional Index stands at 38. Generally 40-50 Level is a trend reversal indication. - According to Fibo time zone analysis, Biocon is nearing 5.55 Time level. It is a trend reversal level. A good up move above 260 can lead the stock to 320 Level. SL seems to be at below 220. CHART & ANALYSIS ADARSH DEY
NSE:BIOCONLong
by AdarshDey
7
GRAPHITE INDIA LTD (WOLFE WAVE)Graphite India in Bullish Wolfe Wave. As this analysis has been done in weekly time frame so having patience is advised for the target and return.The Rate Of Change has been customised for a better fit. The ROC indicates the initiation of a uptrend. However, the major up move is expected for 587 when the stock closes above 418 on Weekly basis. So it is advisable to venture into this trade after a proper confirmation. If we closely look at the stocks in Graphite & Carbon Segment majority of the stocks are bottoming out or in uptrend. In Graphite & Carbon Segment 1.HEG & 2. PANCARBON has some bullish sign as well . One can focus on these two stocks as well apart from Graphite India for good returns. CHART & ANALYSIS ADARSH KUMAR DEY
NSE:GRAPHITELong
by AdarshDey
3