harshit22

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Apollo Hospital is currently in the major 5th wave of the bull cycle, as illustrated on the chart. It appears that wave 4 took the form of a zigzag pattern, resulting in a deeper correction to 61.8%. Typically, wave 4 corrects to levels between 23-38%, but due to the shallow nature of wave 2, we can anticipate a more profound wave 4 in accordance with the...

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The stock has undergone a correction since 2021 after reaching its all-time high. Upon analyzing the correction, it appears that wave ABC has concluded at the 225 levels. The internal waves within ABC adheres to the Fibonacci ratio, with wave C being approximately 100% of wave A. The stock found support at the minor wave 2 of the major wave 3 from the previous...

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The stock has just finshed minor 4th wave of the major 5th wave. We may see an explsoive move on upside in the form of impulse. The risk reward is very good (~ 1:3.5) The wave counting, entry, stop loss are indicated on the chart Disclaimer : The above analysis is only for educational purpose. Please consult your financial advisor before making any investment...

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For the past four and a half years, the stock has been consolidating. The stock is clearly in the 5th wave. We now need to ascertain our current position within the fifth wave. It made several unsuccessful attempts to surpass the psychological threshold of 1700. The most recent attempt (wave AB) was unsuccessful once more. The way it plummeted to point C after...

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In my previous post, I emphasized that the broader IT Index has the potential to outperform the market as it enters the minor 3rd wave of the major 5th wave. Among the various stocks in the indices, WIPRO appears to have a more favorable technical setup, which could result in a significant gain of approximately 40%-50% over the next 6-8 months. The decision to...

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Tata Motors recently completed a significant ABC correction, with Wace C finishing during the market crash on election result day. A new impulse wave seems to be underway in the stock, where minor wave 4 ended with a flat correction. This sets up a potential intraday trading opportunity with a favorable risk to reward ratio. The chart indicates entry point, stop...

harshit22

Vodafone Idea has been on a downward trajectory for almost a decade. Based on the Elliot waves theory, it appears that the stock has completed a significant bear cycle in a ZIG ZAG pattern as shown on the chart. The stock seems to be forming a base with accumulation taking place. Recently, it has exceeded the swing high of 2021 and closed strongly on the monthly...

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Background: Crude Oil made a high of 9996 during the Ukarine war which also marked the end of wave 3. This followed 4th wave with a flat correction (Marked as ABC) which finished at around 5290. Current Scenario : We are in minor wave 3 of sub wave 3 of major wave 5 (shown on chart) Trading Strategy : Buy on Dips. The entry, stop loss & target are mentioned...

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We discussed the difficulties in identifying the low of wave 2 in my previous analysis of Bandhan Bank. However, if we are able to pinpoint that turning point, it presents a favorable risk-to-reward ratio. PVR Inox has been in a consolidation phase or moving sideways for the past four years. Following the low of the COVID crash, it tested the previous swing high....

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IDFC first Bank seems to be in its significant third wave, and it appears that it has finished its fourth minor wave of wave three. Additionally, it has formed a recognizable ABC decline, which concluded with a classic panic selling and an equally dramatic upside pullback, typically occurring at the end of wave C. How can we approach trading this...

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In my previous post, I have discussed the current nature of crude oil as either a correction or an impulse. In either scenario, it is likely that we will witness a bounce towards the 6700 levels. It appears that wave 3 has concluded and we are currently in the 4th wave, which is anticipated to conclude between 6495 and 6415. If we observe any bullish patterns such...

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Disclaimer: The analysis is only for Educational Purpose. Please consult your financial advisor before taking any investment decision Smaller ABC correction after an Impulse has ended near 61.8%. It can play out the below two scenarios 1. Major Wave 2 of New Impulse has ended - In this scenario it could be a good investment level with an upside target of at...

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It's not easy to identify wave 2 when it is still forming. However, attempting to find its low gives an excellent opportunity w.r.t to Risk Reward. How do we plan our strategy? We can test the waters by getting in with initial 5%-10% of the total amount that we plan for this trade. We can gradually increase our position once we get a confirmation through...

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Ending Diagonal LTTS - Might give 9-10% Bounce from current Levels

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Natural Gas has just finished its major bear correction ( ABC) after a major bull cycle (12345) as depicted on the chart. Most of the Fibonacci projection & retracement are holding true as per the rules (will publish it separately as a learning material). Also, after the ABC correction, there is sharp rise in the price. How do we plan an entry now? The price...

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Disclaimer: The analysis is only for Educational Purpose. Please consult your financial advisor before taking any investment decision An ABC correction seems to have ended in UPL after a failed 5th wave. Currently it appears to have finished minor wave 2 of wave 3. It has broken a declining trendline with volume near the end point of wave 2 with high volume and...

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Wave 4 of an impulse was recently finished by IOC. It's probable that we're in the minor 5th wave and major wave 3 right now. Additionally, it displays a high-volume gap that corresponds to wave 3's personality. How should our trading strategy be planned? Adding 50% of positions at the present level and the remaining 50% at the next dip or when the next bullish...

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An impulse is currently developing with distinct waves labeled as 1, 2 and 3. Should the nifty index decline in a clear ABC pattern towards the highlighted grey zone on the chart, and if we observe bullish candlestick formations such as the morning star or bullish engulfing, it may be a suitable opportunity to enter a long trade and hold it until the price reaches...