UNDERDOG-29

UNDERDOG-29 Updated 

Seems like TATASTEEL might be ending flat correction which started from 1530 levels taking price all the way down till 1060.A bounce in the form of wave X can give good swing trade. Reason behind end of current flat correction. 1)Price reaching near 123% wave A extention in wave C fall 2)Price reaching 100% equality wave 1 target in wave 5 of wave C. 3)Price...

UNDERDOG-29

Price has been staying inside channel for quite a long time indicating price movement to be of an corrective nature. Now as far as corrective pattern is concerned it seems like stock has taken a form of complex triple correction of which wave W,X,Y is done and currently price is in middle of second connector wave X. This wave X has taken a form of flat...

UNDERDOG-29 Updated 

As it turned out price took form of diametric pattern in wave d(yellow),currently it seems like we are in wave g(green) of diametric pattern target of which is coming at 37650.Again we are nearing cycle low zone at 12.45 PM today.One should look to buy index if we get reversal candle which closes above previous candles high from now onwards,although it would be...

UNDERDOG-29

we are in wave E of triangle(marked in red)which in itself is making a neutral triangle sort of pattern(marked in yellow).In this triangle we are done with wave a,b,c and currently wave d is going on.This wave d in yellow is also sub divided in abcde(in green) there by forming triangle. Looking at the internal count of wave D(yellow) it seems like it is also...

UNDERDOG-29 Updated 

Seems like NIFTY is making either triangle or diametric pattern. So far we are in wave D of triangle or diametric pattern and we have seen range getting squeezed in each leg(a typical symmetrical triangle characteristics). Going ahead we can see wave E unfolding on the the upside post which we can finalize if the pattern is triangle or diametric depending upon...

UNDERDOG-29 Updated 

Attaching 30 mins chart of Bank Nifty. It seems like Bank nifty is following 21 candles cycle on 30 minutes chart as it has captured most of the low's formed since 30-12-2021 (12:15 P.M. on wards).As per this cycle next low is due at 1.45 P.M. today. On wave front,i think it is either making a diametric pattern or an triangle,as wave B took less time then wave A...

UNDERDOG-29 Updated 

Post covid IDFC FIRST has been moving up in an impulsive manner.Impulsive move advance's price in 5 waves of which 1,3 and 5 are in the direction of primary trend and 2 and 4 are counter trending. Elliot wave Patterns discussed in this chart and it's rules. *Elliot wave impulse pattern and rules: #Impulse pattern 1)Wave 2 doesnt retrace wave 1...

UNDERDOG-29 Updated 

Prestige has shown impulsive rise from the levels of 285 till cmp of 540.Following patterns were observed wave 1:sub-divided in 5 lower degree waves. wave 2:retraced 61% wave 1,sharp reaction. wave 3:161% extention of wave 1 target achieved wave 4:as wave 2 was sharp and shorter in terms of time,wave 4 turned out to be shallow retracement of of wave 3 and longer...

UNDERDOG-29 Updated 

Since Mid August we are seeing price moving in corrective manner,there by forming WXY double correction.So far it seems like each correction took following forms. wave W:Regular Flat wave X:Zigzag wave Y:Regular Flat Current wave Count: Scenario:1 Wave y,sub wave c,sub wave 4(triangle wave E),going ahead we can see wave 5 unfolding on the downside but we won't...

UNDERDOG-29 Updated 

ELLIOT WAVE COUNT FOR CLEAN SCIENCE AND TECHNOLOGY SINCE IT'S LISTING IS HAS BEEN CORRECTING AND RESPECTING DOWN SLOPING TRENDLINE WHICH GOT BROKEN INDICATING CHANGE IN TREND. IT SEEMS LIKE WAVE 3 HAS BEGAN AFTER LOOKING AT TODAYS PRICE MOVEMENT. WAVE 3 TGT OF 161.8% WAVE 1 EXTENTION IS COMING AT 3088.WAVE 2 HAS ONLY RETRACED WAVE 1 BY 38.2% INDICATING WE MIGHT...

UNDERDOG-29

Elliot wave labels on monthly time frame chart. seems like symphony has completed entire 5 wave impulse cycle on primary degree to form Cycle degree wave 1 and currently we are in cycle degree wave 2 correction.Price wise we have seen 61.8% retracement(shown in white) of entire cycle wave 1 getting achieved in wave W of cycle wave 2 from where we have seen decent...

UNDERDOG-29

Jindal Stainless Ltd is moving up in impulsive manner where in we can move unfolding in 3 different degree's(Primary,Intermediate,Minor) Here we are seeing Extention in Primary wave 3 which is sub-divided in 5 intermediate waves and of this 5 waves,intermediate 5 is sub divided in minor 5,which got completed when prices reversed from upper channel rasistance...

UNDERDOG-29 Updated 

Analysis from 20-12-2021 onwards. We are seeing bounce in bank nifty post 20-12-2021 in the form of complex correction wxy.Before this we had impulsive move unfolding in 5 waves on the downside.Meaning post this complex correction we can again see impulsive decline in the form of wave 3 or wave c. Right now we are seeing impulsive rise post wave x in pink,of...

UNDERDOG-29 Updated 

Greaves cottan has been in an up trend since November 2020 there by making higher and higher low's.In the process we can see it is following elliot wave counts as shown.So far it seems like we are coming out of Primary wave 2 correction and going ahead we can acceleration in the trend as wave 3 in primary degree can take prices to 320 odd levels,which roughly...

UNDERDOG-29 Updated 

Analysis from 20-12-2021 onwards. We are seeing complex corrective rise in Nifty in the form WXY double correction,where prices have not breached raising channel even after 4 touch points. Currently we are in wave C of second correction Y in blue,and going ahead we can see price falling in 17616-17550 zone to complete wave B of higher degree wave Y.Prices can...

UNDERDOG-29

Bajaj Auto post covid low's in March 2020,has been raising in an corrective manner there by forming WXY double correction.Of this WXY we are done with wave W and wave X,and wave y has begun just before 2 days when it broke past 3372 wave 4 peak. Wave W:zigzag Wave X:zigzag Wave Y:Zigzag(however not clear as of now) So far we cannt conclude which form wave y will...

UNDERDOG-29

On weekly chart it seems like we are in cycle degree impulse wave 5,entire cycle degree wave 5 started in 2017 February. Current count Cycle:wave 5 Primary:wave 5 Intermediate:wave 2(either triangle or diametric) Minor:wave d(not shown) Based on the internal structure of Intermediate 1 of Primary 5,it seems like Primary 5 will make ending diagonal there by...

UNDERDOG-29 Updated 

# Elliot corrective pattern called Triple Correction WXYXZ. Charecteristics: 1)It is a combination of 3 correction.(Flat 3-3-5,Zigzag 5-3-5,triangle 3-3-3-3-3) 2)Each correction is connected by a counter trending wave x(also takes a form an elliot correction).This wave X is sideways movement there by not correcting significantly prior movement. 3)This three...