LBilgir

LBilgir Sep 7, 2023

I have shared nifty wave count on day chart. Apart from wave counting, you can see I have marked the length of wave 1 and wave 3, which is approximately equal in terms of %age, i.e. approx 10%. Well as per Elliot wave theory, one of the waves has to be longest. Usually the longest wave is wave 3, but if in case 1 and 3 is equal, chances is very high to have an...

LBilgir Updated  Sep 7, 2023

Easy and clear chart.... we are in the last leg of the long correction that started since October 2021. keep and eye on this... it should be last dip... or even get truncated too.... Should start travelling north soon. All the best.

LBilgir Sep 7, 2023

This is Finnifty chart on 75 minute time frame. From here it should be clean upmove for a week or two. Looks like corrective sequence is complete and now we should have 5 impulsive counts. Atleast we can play keeping tuesday expiry in mind. All the best.

LBilgir Sep 6, 2023

The stock is already in bullish trend. I have shared my wave counting here, I think, today's low can be kept as SL for a target of 650 (approx). Even if someone looking for long term with this stock you can keep it. And if you are just trading for short term, 650 should be the place to book out. Lets see how it plays out All the best.

LBilgir Sep 6, 2023

Asian paints looks good to accumulate from here. Todays low can be kept as safe stop loss for longs. Tried to mark my counts on the charts, if the count is correct we should see this stock making some fast moves towards north. All the best.

LBilgir Sep 3, 2023

The correction in the stock is about to over. The long correction, took over a period of year or so... But it shuld turn around for a bullish move from here on. Keep an eye on this, we can just start accumulation slowly before we get confirmation. Will keep updating going forward. All the best guys.

LBilgir Updated  Sep 1, 2023

This is one of the rarest patterns seen in nifty. 2 flat abc correction each separated by wave X followed by a triangle at the end. The details about this type of correction pattern you can read in book "Mastering Elliot Wave" by Glenn Nelly. Just sharing what I have read in the book. Thought this is my first time seen this pattern actually playing out. If this...

LBilgir Aug 30, 2023

The corrective pattern looks almost completed in this stock. Can go long from here. Keep an eye on this.

LBilgir Aug 29, 2023

You can check the wave counting I have done in this stock. I think correction is over in this stock, its been a long correction though. It should start heading north from here on. Good time to start accumulation in this stock for your portfolio. All the best.

LBilgir Aug 27, 2023

continuing from my last post on nifty, I am still continuing my bullish view. Now we have 5 weeks closing in Red. Probability is very high to have a green candle next week. Also, better risk reward ratio is definitely for upside now. With a small SL I would like to go long from here. This time I have drawn Harmonics ABCD pattern too. If in case bullish move...

LBilgir Updated  Aug 21, 2023

I have counted the leg again from march lows. Looks like the correction phase is over with nifty too. It might head towards 20200-300 mark in its next leg in 5 waves. Watch out.

LBilgir Aug 18, 2023

Well the correction with ICICI Bank looks over to me. Should start fresh upside from here in 5 waves. Least target should be around 1000 mark. Will reassess charts later to see next course of action in this stock.

LBilgir Aug 12, 2023

please check the chart. I have done Elliot wave counting to it. Looks like one complete set of correction in the form of ABC been done here or just about to done. Will be looking to go long from here. Check the trendline, the price is just creeping along with the trendline along with kind of falling wedge in the formation at the last near the bottom. I found...

LBilgir Aug 5, 2023

In my last post I have shared my wave counting on Nifty 50 on weekly time frame. Will request you, If u have not seen last post, to check that post first so as to understand this part of counting I am sharing. This is what I am referring to the last part of nifty which is wave 5th, started since june 2022 and completed last week. So to keep it short, lets...

LBilgir Aug 5, 2023

Sharing my Elliot Wave counts for Nifty 50 on weekly chart. I think it just completed all 5 waves since the corona lows. And for the last part which is actually 5th wave as marked on chart is in the form of expanding ending diagonal. Also to notice is the trendline connecting 2 and 4 is broken. Ideally 2-4 trendline should not be broken if trend has to still...

LBilgir Aug 3, 2023

The chart shared is simple to understand if you know what is head and shoulder pattern. Apart from head and shoulder marked, I have marked Elliot wave count 1 and 2 as well. Probably 3rd will start soon, may be on tuesday. Lets see how this plays out...

LBilgir Updated  Aug 2, 2023

Just sharing this as a thing which might play out. No trade recommendation as of now... just keep an eye on this. Important is the bottom line... or neckline u can say... so far its holding...if broken down then only this pattern will be at play and u know the target is atleast the height of head mentioned on the chart.

LBilgir Updated  Jul 31, 2023

check the chart. A long held trend-line is already broken. Than is clear 5 waves which means 1 is complete and its doing its 2, which is soon to be over. Keep this on your watch.... lets see how it plays out in coming days... but if its about to start its 3rd... it wud be great move to the north.