Greetings, everyone.😉
I would like to present a scenario for your consideration, grounded in "Elliott Wave Theory" .
✔️ Wave initiated from the 15K level: Classified as a "Double Zigzag"
✔️ Current wave in development: Y-c-3
✔️ Projected upward range: 93K ~ 101K
The rationale behind this analysis is as follows:
Zigzag patterns typically move within a...
Elliott Wave Analysis.:-
There may be a Pull back for 19886 -19960.
We have to wait and watch the wave formation
i'm not a SEBI registered advisor.
Before taking a trade do your own analysis or consult a financial advisor.
I share chart for education purpose only.
I share my trade setup.
ELLIOTT WAVE ANALYSIS:-
View-1:-
It seems that a zigzag wave has completed.
A bounce back looks like connecting correction wave B is forming, a little bounce back may happen to form a connecting waves in a correction form.
View-2:-
It seems that a zigzag wave has completed.
An impulse wave was emerged and an impulse 1st wave was completed and...
Dear Friends,
I have plotted Nifty Bank in daily time frame. Here , it is clearly observed that Nifty Bank is under sliding parallel channel. Yesterday, Nifty Bank is about to cross sliding parallel channel. However, today; bear market is seen.
Anybody can take fresh short position with Nifty Bank Index based on own risk tolerance. However, one should square...
banknifty one hour chart create flat pattern | banknifty wave A down side three internal wave abc and time 8 days and upside go 8 days wave B complete and again go down wave c
In 15 min time frame nifty may be completed 5 wave structure for the correction of C wave (violet color).
As per my analysis NSE:NIFTY may form zig-zag structure.
So, it is time to be alert before any buy or CE trade. Structure looks like still bearish.
Important levels are marked on chart with comments as per my analysis. Please check carefully.
May be right...
I daily make market analysis videos and posts on Financial markets
SR means Support and Resistance
PC means Parallel Channel
Disclaimer: The information provided is for educational purposes only. Our intention is not to provide any financial advice, don't take any decision without consulting your financial advisor.
This is a clear Sharp Zigzag pattern. The price already reached 0.618 for wave ((Y)).
The trader can get a High probability chance for short selling tomorrow with a very small protective stop.
Supports
S1- 17810
S2- 17650
The Short Seller can use these supports level as the target. I am expecting a Nifty future between these both supports.
Definitely,...
After Double Zigzag, new Impulse Phrase has started and 4th wave of Primary degree is forming,
as we all know that corrective 4th is the accelerator of 5th wave . so , if we will find the ending point of wave 4 we can ride on the 5th impulse.
Competition of Fifth wave will also provide us the ending point of 1st wave higher degree.
It looks like the correction Phase is complete at wave (c).
focus on key levels will be beneficial. we are going to ride on wave 3.
wave 4 can't exceed the starting point of wave 1.
There is invalidation below 2044.
I will upload Lower Timeframe analysis.
MCX Copper has just traced out a pattern that can be interpreted as a A-B-C Zigzag from recent highs. All 5 subwaves of the final C wave seem to be in place. This now means the uptrend should be back in force to new highs. Hold longs with Stop at recent lows.
VIEW:
USDINR appears to be poised for an up move as per Elliot Wave Analysis.
STRUCTURE:
Impulse(1-2-3-4-5)+Correction Sequence
Trading Plan:
Entry -- as nearer as possible to invalidation point with proper risk management according to one's risk appetite.
Exit -- at or near or in the target zone as shown in the chart.
Stop Loss -- Invalidation point
Good...
