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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
BTCUSD | D TF | ANALYSIS elliott wave.Time for a retracement? in this snapshot, btc completed 5th impulsive wave now its time for corrective wave. am expecting 25k. Elliott Wave Theory: What It Is and How to Use It What Is the Elliott Wave Theory? The Elliott Wave Theory in technical analysis describes price movements in the financial market. Developed by Ralph Nelson Elliott, it observes recurring fractal wave patterns identified in stock price movements and consumer behaviour. Investors who profit from a market trend are described as riding a wave. How Elliott Waves Work, Some technical analysts profit from wave patterns in the stock market using the Elliott Wave Theory. The theory assumes that stock price movements can be predicted because they move in repeating up-and-down patterns called waves created by investor psychology or sentiment. The theory is subjective and identifies two different types of waves: motive or impulse waves, and corrective waves. Wave analysis does not equate to a template to follow instructions. Wave analysis offers insights into trend dynamics and helps investors understand price movements. Impulse and corrective waves are nested in a self-similar fractal to create larger patterns. For example, a one-year chart may be in the midst of a corrective wave, but a 30-day chart may show a developing impulse wave. A trader with this Elliott wave interpretation may have a long-term bearish outlook with a short-term bullish view. Impulse Waves Impulse waves consist of five sub-waves that make net movement in the same direction as the trend of the next-largest degree. This pattern is the most common motive wave and the easiest to spot in a market. It consists of five sub-waves, three of which are motive waves. Two are corrective waves. Elliott Wave Theory Image by Julie Bang © Investopedia 2020 Labelled as a 5-3-5-3-5 structure: Wave 2 cannot retrace more than 100% of the first wave The third wave can never be the shortest of waves 1, 3, and 5 Wave 4 can't go beyond the third wave at any time If one rule is violated, the structure is not an impulse wave. The trader would need to re-label the suspected impulse wave. Corrective Waves Corrective waves, called diagonal waves, consist of three, or a combination of three sub-waves that make net movement in the direction opposite to the trend of the next-largest degree. Its goal is to move the market in the direction of the trend. The corrective wave consists of 5 sub-waves. The diagonal looks like either an expanding or contracting wedge. The sub-waves of the diagonal may not have a count of five, depending on what type of diagonal is being observed. Each sub-wave of the diagonal never fully retraces the previous sub-wave, and sub-wave 3 of the diagonal may not be the shortest wave. Elliot Wave Theory vs. Other Indicators Elliott recognized that the Fibonacci sequence denotes the number of waves in impulses and corrections. Wave relationships in price and time also commonly exhibit Fibonacci ratios, such as 38% and 62%. For example, a corrective wave may have a retrace of 38% of the preceding impulse. 1 Elliott Wave Oscillator Chart Elliott Wave Oscillator Chart. Other analysts have developed indicators inspired by the Elliott Wave principle, including the Elliott Wave Oscillator Chart. The oscillator provides a computerized method of predicting future price direction based on the difference between a five-period and a 34-period moving average. Elliott Wave International’s artificial intelligence system, EWAVES, applies all Elliott wave rules and guidelines to data to generate automated Elliott wave analysis. 2 What Is the Elliott Wave Theory? In technical analysis, the Elliott Wave theory looks at long-term trends in price patterns and how they correspond with investor psychology. These price patterns or ‘waves’ depend on rules developed by Ralph Nelson Elliott in the 1930s. They identify and predict wave patterns within stock markets and help predict future movement. 1 How Do Elliott Waves Work? There are different waves, or price formations, from which investors can glean insight. Impulse waves include an upward or downward trend that carries five sub-waves that may last hours or even decades. They possess three rules: the second wave cannot retrace more than 100% of the first wave; the third wave can never be the shortest of waves one, three, and five; wave four cannot ever surpass the third wave. There are also corrective waves, which fall in patterns of three. How Do You Trade Using Elliott Wave Theory? If a trader sees a stock moving on an upward trend on an impulse wave, they may go long on the stock until it completes its fifth wave. Anticipating a reversal, the trader may then go short on the stock. Underlying this trading theory is the idea that fractal patterns recur in financial markets. In mathematics, fractal patterns repeat themselves on an infinite scale. The Bottom Line The Elliott Wave Theory was developed by Ralph Nelson Elliott. It provides a technical analysis of price patterns related to changes in investor sentiment and psychology. The theory identifies impulse waves that establish a pattern and corrective waves that oppose the larger trend. It assumes that stock price movements can be predicted because they move in repeating up-and-down patterns. Correction—May 5, 2023: This article has been amended to state that the third impulse wave can never be the shortest of waves one, three, and five.
Short
by fzxzz
it may be an impulse wave. detail had explained inside the chart. in my point of view over all the trend has changed. we may expect a small high and then a fall for around 60% and then with previous low as stop we can think of going long. and impulse 3rd wave may be possible. if it is a triangle then this point of entering 1.07600-1.07200 will give u a good reward . if it goes straight up from here 1.06343 will be our stop loss. the irregular running flat may extend to 1.03654. disclaimer. I'm not a SEBI registered advisor. before taking your trade kindly do your own analysis or consult your investment advisor. i just shared my view.
by n0m0ret0ss
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 ANALYSIS WITH NEO WAVE, VIX & STRATEGY FOR OPTION WRITTER.Note: As per trendline & NEO wave theory Nifty to be touched 19200-19230 level. because of wave "a" in progress and when wave a will be completed than wave b to be started which to be came at lower trend line 19872 level. So, Option writer can sell from upper lavel Strategy: Sell 19300 CE Buy 19400 CE Sell 18800 PE Buy 18700 PE This is only for educational prupose Very Impoetant: VIX is reached very low appx-09. so to be causious because whenever VIX is below 10 that case market may reverse foe short term Channel with NEO wave theory
NSE:NIFTY
by pnjakh1984
REC technical analysis on Wave theory1)Completed Elliott wave (Total 08 waves. 5 Impluse & 3 corrective ) since 2012 to Nov 2018 2)In Bigger time frame Impluse wave have completed (05waves). 3)Now present in corrective mode. "A" corrective wave has completed & B wave seems has been completed but it may touched to be 61.8 of wave A. now Wave C is peding towards downword. it may 61.8%,100%.1.618% of wave B. 4)REC was consolidated from 2002 to 2012 than its has a big breakout and reched form 5 rs to 58 rs. 5)Lower side target to be 30 Note: this is only educationla purpose
MIL:RECShort
by pnjakh1984
Axis Bank technical chart analysisAxis Bank technical chart analysis Strong support zone is 845-822 Strong resistance zone is 1000-965 Impulse wave Impulse wave has completed (1-5) on daily basis. Wave 1 & wave 5 are equally. Wave 3 is longest wave. Wave 2 taken less time as compare as wave 4 ( in corrective pattern). Corrective wave Corrective wave is pending & expect it may flat or zigzag pattern, elongated, running etc . Touched Fibonacci R3 resistance level at present (988) RSI is making LL & Price is making HH on daily chart. (Divergence) On balance volume indicator making divergence Target: Downside: 38.2% must to be came at least this level 905 Upside: 1218 level but take a time month/years. Note: Axis is all time high. It is not possible breakout in second attempt. Therefore it should be correction This is only education purpose only
NSE:AXISBANKShort
by pnjakh1984
2
CRUDE OIL CHART on WEEKLY BASIS through Elliott wave & NEO waveCRUDE OIL CHART on WEEKLY BASIS through Elliott wave & NEO wave Impulse wave completed (5 wave /1 to 5). In this pattern 5th wave was longest wave Now on present wave on corrective phase i.e. Advanced Elliott wave (Neo wave) Upside move target 88. but if it break "ob" trend line thats only possible Note: Crude falling means globally crises to be happed. Its not good indication for stock market. Even Indian Market for good, although not much more fall. Its only for education purpose
TVC:UKOILShort
by pnjakh1984
VOLTAS weekly technical analysis by Elliott Wave theory &NEO I am trying to analyzing of VOLTAS stock through Elliott wave theory on weekly basis. Since march 2022 marked as low & completed 8 wave (5 Impulse + 3 Corrective). Hence seems this chart Voltas on present consolidation phase it means BIG person on buying on intrinsic value & to be making Ist wave of Impulse. first wave may in triangle pattern or some other wave. Although at present time taking is more as previous wave. means it may coming soon in UPTREND.
NSE:VOLTASLong
by pnjakh1984
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