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Elliottwaveprojection

Nifty fall till 17500 Levels | Wave C confirmed on Daily chartLooking at the current market condition it is very clear that the top of wave B is completed here & also today big red candle gave us the indication that it is going for the wave C -in the downside wave C projects minimum around 61% so first target would be 17511 which is minimum projection & after that it can retrace till 100% (17257) - 127% (17100) -Yesterday's analysis of wave 5 on 15 min chart was invalidated & ABC correction is formed -Form now on till the wave C is completed i am bearish on market & after that we will see new waves which will target All time High & will drive markets to new highs hopefully :) *This theory gets invalidated if today's high is broken* Ideas for profits which i am considering : one can buy OTM puts for the next month expiry & square of positions when targets are archived on the spot chart Disclaimer : this is not recommendation or tips this is my personal view for the markets & i am not SEBI registered analyst.
NSE:NIFTYShort
by mr5476
Nifty wave 4 completed now heading towards 17928-As discussed yesterday Nifty confirmed wave 3 & today itself it gave retracement of wave 4 -From now on nifty at the time of closing Nifty gave very small bounce from 17779 which is where 38% level is -We can assume that wave 4 is completed here & from tomorrow we are heading towards wave 5 -Target of wave 5 is 17919 also because our wave 3 was extended & wave 5 may get extended or not but it should atleast target high of wave 3 *If market breaks 17665 then this whole theory gets invalidated*
NSE:NIFTYLong
by mr5476
Adani WilmarAdani Wilmar wave analysis: Adani wilmar is doing well in terms of waves. So far we have done wave 1, wave 2 also looks completed. Now we are in a non-convincing up move but it looks like adani wilmar is making space for upward move. Investor can invest on advice of their financial advisor. This chart is not a trading/investing advice. Please ask your experts for any such activity. Every level which has its importance is depicted on the chart, you may ask for any doubt thereon. Thank you Regards
NSE:AWLLong
by imkhushal
1
APEUSD | Wave Analysis | Bullish Triangle ABCDE ProjectionPrice action and chart pattern trading setup > A possible upcoming bullish triangle ABCDE wave within 1-2 months > B-wave retraced 0.786 of A-wave and recent C-wave retraced exactly 0.786 of B-wave. > Expecting uptrend D-wave at 0.786 of C-wave with an inverted head n shoulders reversal pattern. > Entry: head n shoulders breakout > Target: D-wave position +30%+ > Stoploss: right shoulder -10% > RRR: 3:1 Indicator: > MACD above signal line just below 0. > RSI bullish momentum rebounded from MA line Nothing is 100%, always trade with affordable risk and respect your stoploss
ALong
by dukeposh
TKN | Wave Analysis | Possible Upcoming Impulse 3-Wave ForecastPrice action and chart pattern trading setup > Wave pattern: 2-Wave Triangle ABCDE - possible upcoming wave E before rising impulse 3 wave. > Entry: Support level SMMA50 and SMMA20 @ 0.618 and 0.786 retracement zone > Target: 3 -wave triangle breakout plus distance of the triangle channel 1.272 extension zone of main 1-wave +15-20% > Stoploss: Lower triangle support zone -7-8% > Risk reward ratio: 3:1 Always trade with affordable risk and respect your stoploss
SET:TKNLong
by dukeposh
Next Top Is...Minor wave 1 may have finished today, slight chance of it finishing if a new low occurs shortly after the open tomorrow. For now, Minor wave 1 was 3 days. Wave 2 will likely be similar in length. Historical relationships point to a possible top around 4000. There is not much news until the Fed so we could meander upward for a few days while we wait. I do expect Minor wave 3 to be a very sharp drop in the order of 300+ points over 3-6 days which would be fueled by a larger than expected Fed hike and/or hawkish comments afterward. Minor wave 1 has been eventful so far, we shall see what happens next.
SP:SPX
by StockSignaler