Unfolding Waves in Chambal Fertilisers: Bullish Path AheadAn analysis of Chambal Fertilizers using Elliott Waves, we can observe an interesting progression in the stock's price movements on a weekly cycle. The chart has completed the initial waves I through IV, and it is currently unfolding wave V, signaling a strong potential for a bullish trend ahead. Let's delve deeper into the details of this wave analysis.
Weekly Cycle
Wave V: We are observing the unfolding of wave V on the weekly cycle. This wave is showing potential for further upside as the stock completes its final wave in the longer timeframe.
Subdivision of Wave V: Within wave V, the stock has already completed waves (1) and (2), and it is now unfolding wave (3).
Wave (3) of Wave V
Progression within Wave (3): In the ongoing wave (3) of V, we've seen waves 1 through 4 completed, and the current focus is on wave 5 of (3).
Hourly Timeframe
Progression within Wave 5 of (3) of V: In this specific timeframe, wave 5 has already seen the completion of sub-waves ((i)), ((ii)), ((iii)), and nearly all of wave ((iv)). This suggests we are likely at the end of wave ((iv)), poised for wave ((v)).
Elliott Waves Fundamentals
Wave Counts: The stock's progression through each wave provides valuable insights into potential market behavior. The typical characteristics of an impulsive wave, as seen in the unfolding of wave V, include strong, directional movements, which are followed by corrective waves.
It’s essential to apply appropriate risk management techniques, such as setting stop losses, to mitigate potential downsides. Be cautious in managing your exposure and avoid over-leveraging.
This analysis is purely for educational purposes and should not be taken as investment advice. Always conduct your own research and consult a financial professional before making any investment decisions. Remember, market conditions can change rapidly, and past performance does not guarantee future results.
This analysis aims to provide an overview of the potential trajectory of Chambal Fertilisers based on Elliott Waves. It's always important to stay vigilant and adjust your approach as new information becomes available. Happy trading!
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The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Bullishmomentum
Video - Powerful EUR Fundamentals - AI suggests Technicals AlignGreetings, fellow investors, and welcome traders!
I t's a video tutorial to share the knowledge behind my charts. If you're tuned, I'll continue sharing follow-up AI and FOREX content because there's much to learn from each other.
T oday, I'm excited to share with you a fascinating generative chart I've created using a deep learning neural AI. This advanced technology enables us to analyze historical price data and identify potential future price movements.
I t's a bullish trend, with daily candles aligned in an upward trajectory. I've initiated a long position at the support level, and our AI analysis indicates the potential for further growth up to the resistance level.
While we might encounter a slight pullback below the double resistance, it's important to note that investor sentiment doesn't suggest any significant bearish signals.
S tay tuned for follow-up content where we'll delve into more trading scenarios and strategies.
It's not an investment advice.
Kind regards,
Ely
NASDAQ BULLISH MARKET ANALYSIS ON 4HRHere's is my quick breakdown on NAS100 using the daily and 4HR timeframe to idetnify high probable area to enter a buy trade to continue with the trend (market structure)..
LET ME KNOW WHAT YOU THINK AND DROP YOUR COMMENTS BELOW!!!!
*ALWAY REMEMBERS; ITS PROGRESS OVER PERFECTION!!!***
AUDusd continues to make higher highsThis pair is very beautifully creating its higher highs. I was initially hesitant to go long as price was up trending however there were some bearish signals such as lack of strong bullish candles. This bullish push was made with weaker candles beneath this resistance. After a retracement, and a re-test of support, the trendline, or daily/weekly support.
Nasdaq -> What A Short SqueezeHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that over the past couple of weeks, the Nasdaq had an insane rally towards the upside of roughly 25% and is now approaching weekly resistance.
Considering the fact that the overall trend is still very bullish I just do expect a short term rejection away from the $14.800 resistance area and then I definitely do expect the continuation of the bullrun.
On the daily timeframe you can see that market structure is still very bullish, there is still no sign of the Nasdaq slowing down yet, so there could be the possibility that we will see more continuation towards the upside to then retest the next major previous daily resistance at the $15.200 level before we will then see a short term drop.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
EURAUD | New perspective | follow-up detailsA follow-up detail on the EURAUD that was published sometime last week (see link below for reference purposes) where unfortunately price hit our stop loss as the bullish momentum we were expecting didn't show up.
The Euro continues to rise against the Aussie inside the 4H timeframe which is evident with a visual representation of a bullish trendline. In the coming week, we want to be looking for opportunities to take advantage of this bull move if it finally happens.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
BULLISH MOMENTUM BEING EXPECTED IN TATACOFFEEAs per the 1H Chart of TATACOFFEE, we're expecting a Bullish Momentum in the Stock, where from its Current Market Price of 213, the stock is being expected to initially face a resistance at the levels of 215.50, 219.85, and at around 223.15. In addition to this, the stock may face a support at the level of 207.80, on a closing basis.
Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
BULLISH FORMATIONS IN SUNPHARMAOn the 1 Hour Chart of SUNPHARMA, we can see some beautiful bullish Formations of "Bullish Harami", "Hammer" as well as "Inverted Hammer" on the downside levels of the stock. Thereby, indicating a very strong bullish momentum in next trading sessions. In addition to this, the stock seems to be facing a support at the level of 746.25. As plotted and explained in the chart, we can say that it is being expected that the stock can face resistance initially at the levels of 758.45, 763.85, and 770.95. Closing Price (as on 03.12.21) : 753.35
Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.
FORMATION OF BULLISH HARAMI IN BURGER KINGA Beautiful Formation of "Bullish Harami" has been observed on the 1Day chart of BURGER KING INDIA LIMITED. Hence, a bullish momentum is being expected in the stock during the next trading session dated, 3rd of December, 2021. In addition to this, once again after June 2021, the stock seems to be facing a very strong support at the level of 144.65. As plotted and explained in the chart, it is being expected that the stock can face resistance initially at the levels of 150.90, 153.95, and 156.30. Closing Price (as on 02.12.21) : 148.60
Note : This Analysis is valid for the Next Trading Day only.
Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.