hitech1050

hitech1050

The chart shows a classic Elliott Wave pattern with a five-wave advance followed by the beginning of an A-B-C corrective pattern. This analysis can help predict future price movements.

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The MACD histogram and signal lines at the bottom of the chart help identify momentum and potential trend reversals.

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3-3 moves in wave 1 to 5 terminal impulse was formed but even after that 3 moves force me so count as flat correction, let's see

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1.Wave (w) and (x): The chart starts with a corrective wave pattern labeled as (w) and (x). This indicates a complex correction After wave (C), the chart shows a series of five impulse waves indicating a strong bullish trend. Wave (1): The initial upward move. Wave (2): A corrective pullback. Wave (3): Usually the strongest and longest wave. Wave (4): A...

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The overall trend for MARICO LTD appears to be bullish, based on the upward movement of the stock price and the positive MACD signal. However, the decreasing MACD histogram suggests that the bullish momentum might be slowing down.

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It appears the price is likely to move higher towards 900.00, although it's crucial to monitor the MACD and see how it develops. The MACD is currently above the signal line, suggesting a bullish bias. However, it's important to note that the MACD is also trending downwards, which could signal an upcoming correction. Overall, the price action appears to be...

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MACD Indicator: The MACD histogram is currently negative, suggesting that the momentum is still bearish. However, it is starting to flatten, which could potentially signal a slowdown in the selling pressure. Volume: The volume appears to be relatively low, which could indicate a lack of interest or a potential accumulation phase.

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This could suggest the stock is in a corrective phase following a completed 5-wave impulse move, potentially setting up for a larger correction or a new trend.

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As per harmonic,Thinking to take long if bullish pattern form with stop loss of A

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3move in each move makes wave 1 as leading Diagonal,Any fall above 81.2% is buying opportunity for wave 3.

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Possible Scenarios: Bearish: If the price continues under the downtrend resistance and breaks below support levels (700 or 670.55), further downside could be expected. Bullish: A breakout above the downtrend line could signal the end of the correction and potential start of a new impulse wave. Wave Count: The Elliott Wave structure seems to be in a corrective...

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Concor is in Diagonal expecting to correct 32% in which 19% correction has been done to form X,then move towards Z

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TITAN is in corrective rise, forming ED in wave C still wave 5 is pending,looking for long for wave 5

hitech1050

Natural gas counting according to Elliot wave IN my view soon the C wave is going to over & new uptrend is coming