#Nifty 50 is the main index for the Indian markets. With the weightage of the most valuable stocks like Reliance, HDFC Bank, TSC, INFY and many more, the mass psychology of the index becomes much smoother than other stocks and indices. Let's see how the Elliott wave reacted to the Nifty as you can have a look at the Elliott wave counts. Nifty is in fifth wave of...
NTPC 'daily t/f' Elliott Wave Counts from the low of 2020, forming triangle at hourly chart in wave (4) of the impulse starting from Corona low. More than 15% move can be expected to upside from here. Regards.
#USDINR Elliott Wave Counts at a daily timeframe chart, triangle breakout is seen in wave (4) after an extended wave (3). A last 5th wave of the impulse started from feb'21 is pending which must cross the previous high of the wave (3) to validate the counts. Holding the level of 81.7 is very critical for the next phase of uptrend. Trade at your own risk. Regards.
#VEDL, there's been a lot of accumulation in the price from past 2 months. I now guess, this is the end. Enjoy the fall. Good day.
#bitcoin 'hourly' chart, we are in wave C of an extended flat correction after a 5 wave impulse. Expecting wave C to be 1.618 of wave A at 28700 which would mark wave II, 0.382 retracement of wave I. Price above 31500 will mark the next phase of uptrend. Trade at your own risk. Thanks and regards.
#RVNL 'Wave Counts' forming an extended flat after completing its impulse which started from the low of 2020. Where, Wave III is equal to Wave I and Wave V is almost double Wave I and III. Expecting it'll come to the level of Wave IV. Trade at your own risk. Thanks.
#NTPC completed a 5,3 cycle on a 15Min timeframe chart. Where, Wave 2 retraced 0.382 Wave 1 and Wave A is equal to Wave C. Which now suggest a further rally to upside from here.
#Adanigreen 'daily timeframe' forming a corrective pattern 'ABC' with triangle in Wave B. So, expecting Wave C to be at least 0.618 of Wave A at 1650 which is almost 45% move from here. Trade at your own risk. Thanks.
'Ambujacement' Wave Counts Where, Wave 3 is equal to 1.618 of Wave 1, Wave 5 is equal to Wave 1 and Wave C is 2.618 of Wave A at 444.70. Which suggest a further rally to downside from here with a Sl of 468. Trade at your own risk. Happy trading.
'TECHM' Weekly Wave Counts completed a 5 wave structure from the low of 2009 and now the correction phase is ongoing. It should retrace at least 0.382 of the previous wave which is nearly at 470. Which means more than 50% move could be seen to downside from here. Trade at your own risk. Happy Monday.
INDUSIND BANK Weekly Elliott Wave Counts, completed Sub wave (1) of the parent Wave V. Wave V is pending. Where, Wave III is nearly two times of Wave I. So, expecting Wave V to be at least equal to Wave I at 2442 or 0.618 of Wave IV projected from the top of Wave III at 7344. Trade at your own risk. Regards, Arman dhull.
BPCL Weekly Elliott Wave Counts, The full impulse of BPCL is pending. Wave 5 is pending. It just completed the triangle forming in the wave (4) Also, Wave (3) is almost 1.618 of Wave (1) So, expecting wave (5) at least 0.618 of Wave (1) at 722 and a second possibility of equality between the two waves at 1450. Best stock to be invested at this time. Trade at...
#RVNL 'daily t/f' Elliott wave counts A good impulsive move from the low of 2020 is near to end now.
#Dogecoin 'daily t/f' 0.05116 is not far. 📌 #Crypto #cryptocurrency #Doge #trading #tradingpsychology
#Adanitrans forming a 'triangle In X' after a 3 wave move ABC where, Wave C = 0.618(Wave A). At least 30% move is expected to upside from here with a Sl of 896.25 i.e 1:3 Risk Reward Ratio.
#Ambujacem forming a corrective pattern 'ABC' with a triangle in B. Where, Wave C is almost equal to Wave A. The whole move from 315.30 to 468.90 is corrective and should be retraced 100% very soon. More than 20% is pending to downside from here. Trade at your own risk. Regards, Arman dhull.
#AmbujaCement, forming a bearish triangle at 15Min timeframe. Where, Wave A is 1.618 of Wave C and Wave C is 1.618 of Wave E. 4 to 5% move is expected to downward from here with a Sl of 435, which gives a risk reward ratio of 1:4.
#AXISBANK completed a 5 wave impulse on a daily timeframe the low of Mar' 20, Wave 3 is 1.318 of Wave 1 Wave 5 is 0.786 of Wave 1 Wave 4 retraced 0.382 Wave 3 Now the correction phase is on, forming an extended flat after a 5.