Refer Previous banknifty analysis below. Banknifty today started wave 3 which clearly visible with bullish candlea getting formed tomorrow gap up most likely to happen. Internal iii of 3 looks to retraced 0.382 fibonacci which is irregular correction on 5 min chart. Internal Wave iii of 3 reached 1.618 fibonacci level which was day high. So now wave v of 3...
If you ask why Wave 4 (in blue) is deep almost touching Wave 1 then that's based on Elliott wave Alteration Guideline. Wave 2 was flat so wave 4 will be zig zag and went deep. Rest all stuff explained on chart. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my...
Nifty today started 4th wave correction. Elliott wave Alteration theory says when wave 2 is simple flat/complex correction then expect wave 4 to be zig zag. Retracement entry near 17112 with SL as wave B top 17148 target will be 1.382 and 1.618 fibonacci extension of wave A. DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study...
THIS IS MICRO CAP STOCK don't allocate too much capital based on this analysis Stock has subdued upward move with increasing volume . Wave iii was channel bound and moved little more than 1.618 that means wave v will extend Wave v non extended target is at 0.618 Fibonacci extension 230 and extended target 280. Stop loss 160 and entry near 190 can be taken...
Wave iv was complex wxy correction and found support 0.618 fibonacci level of wave iii. Wave targets 0.618 of wave i+iii 36034 DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not...
Tatamotors Came Up from recent low with heavy volume. Retracement happened near 0.382 fibonacci levels 281 Looking Good for start of Wave 3 towards 315 as 1.618 fibonacci extension DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while...
Wave B is complex correction which retraced more than 0.618 fibonacci level of wave A. Wave B can strech upto 16695 which is 0.382 fibonacci. Stop loss of this analysis will be 16703 just a point above all time high. Downside C wave targets would be 16400 or 0.382 fibonacci level retracement 16250. DISCLAIMER:There is no guarantee of profits or no exceptions...
Nifty wave A is 3 wave structure completed near 16376. Wave B was zig zag correction moving more thann 0.618 fibonacci level of wave A. Considering 16592 as top Wave C is expected to end in zones 16275 (100% of Wave A) to 16153 (138.2% of Wave A) DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal...
Nifty retraced 0.236 Fibonacci with Irregular flat. Wave C of irregular flat was ending diagonal which finished at 16495.40 Upside wave 5 target is expected to move 0.382 Fibonacci extension 16660 or 16760 which is 0.618 Fibonacci. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the...
Nifty 15 min chart looks wave iii completed today for upmove started from 16162. Wave iv is expected to end between 16505 which is 0.236 fibonacci retracement or 16453 0.382. Consider 0.382 fibonacci retracement wave V target will be 16716 if reversal takes place from 16505 the target will be 16770. DISCLAIMER:There is no guarantee of profits or no exceptions...
Banknifty Elliott Wave count plotted best to my knowledge. After Wave iv which is complex correction new leading diagonal wave has been seen. New impulse should start taking it towards lifetime high. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You...
Dlink broken out of flag structure and looks promising. Volume is on the rise and pattern is taking shape of CUP. Cup is usually followed by handle which moves 0.382 Fibonacci levels. Handle may or may not form depends on how much strength stock shows when going near Cup high. Stock targets are usually calculated on CUP height which come around 450 from current...
KRBL Formed Inverse head and shoulders pattern at bottom of trend. Volume has started picking up gave bullish close above 300 today. Can enter long near 290-80 with 233 stop loss for long term targets 650 DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to...
Nifty formed today falling wedge pattern after few hours opening. This is also called ending diagonal appearing in wave 5 or C wave. Wedge broken channel price was thrown under channel made low 15637. Entire ABC move from 15916 completed near 15637. Wedge had confirmed upside with 15688 breakout point. Today it completed A wave of correction going up to 15710...
Long near 65 SL 54 target 80-100 DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your...
Tata Motors after Mar 2020 low 63 moved up by making wave 1 as leading diagonal Next sub impulse wave (1) and (3) were normal waves without extension. So (5) was explosive up raising 300% or wave (1)+(3) at 357. After 357 high it retraced very small portion 0.232 Fibonacci level or 23% which is common in case of wave extended wave. It appears to be making cup...
Bank nifty going through triple zig zag complex correction and there is another 1000-1500 points correction possible towards 0.618 Fibonacci level. With sharp recovery from 33909 its unclear if its A or Z wave completed already and new impulse started? Monday will give Clear picture if its not able to cross channel top 35000 then we can expect C wave of Z to...
This has Perfect Flag breakout and Inverse head and shoulders pattern getting formed. Inverse head and shoulders pattern are usually seen at bottom of the trend and are strong. Long near 250 SL 205 target 400-500 and beyond DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research....