Adaniport - Elliott wave analysis - 5th waveIt is in 4th of 5th of 3rd wave of larger degree. The sideways pull back is a long opportunity for 5th wave up in 30 min time frame for target around 900 or higher. The stop loss is below 755.30.
Nsestocks
TECHM - Elliott wave analysis - ABC zigzag down It is in wxy double zigzag correction down after completing impulse up cycle at last high. The last drop is impulse A wave and is under progress. So wait for B wave bounce to trade for C wave in double zigzag down.
TATASteel - Elliott wave analysis - Correction It completed impulse at last top and 5th wave was ending diagonal. The down move was choppy so expecting sideways correction. It can bounce up to 750 before it starts going down below 650.
TATAMOTORS - Elliott wave analysis - sideways correctionIt completed impulse at last top. The down move is abc zigzag so expecting sideways correction, means initially it will bounce and then fall again down below 280.
SBIN - Elliott wave analysis - 5th wave It starts 5th wave up soon, but wait for channel breakout to confirm the up trend. After trendline breakout the low will be the stop loss for the long trade.
M&M - Elliott wave analysis - ABC correction It is in correction mode as ABC down. B wave is in progress and should bounce up to 870-80 level and then it will start C wave down.
LT - Elliott wave analysis - 5th wave up - need confirmationIt looks like 4th wave finished and now just started 5th wave up for new high. Wait for impulse up as 1st wave of 5th wave up in 5 min time frame to confirm the trend.
HDFCLIFE - Elliott wave analysis - ABC zigzag down It is in choppy correction WXY. The drop was impulse A of Y and now it is in B wave which would bounce up to 710-720 level before it starts C wave down. B wave can take little more time to finish before it drop in C wave.
ICICIBank - Elliott wave analysis - ABC correctionIt has completed ABC zigzag move in uptrend. The drop was double zigzag wxy and it was over. So next move will be likely abc bounce if it able to hold the low of 569 then it may go up to 610-630.
HCLTech - Elliott wave analysis - ABC zigzag of Y downIt is in double zigzag correction as WXY. B of Y wave is in progress as corrective move and soon will finishes. Then C of Y wave will move down.
Cipla - Elliott wave analysis - ABC as (X) wave in progress It has completed impulse at last orthodox top and dropped in ABC zigzag down. So the next move would a choppy bounce of (X) wave in complex correction cycle. Wait for A wave bounce to confirm the start of (X) wave for reference. When (X) wave will finish, it start dropping down again in (Y) wave.
Reliance Ind - Elliott wave analysis - ABC zigzag down as (Y) It dropped in impulse A wave of (Y) wave down. The B wave is in progress and can go up to 2130 when nifty bounces. Once it finishes the B wave, it will start dropping down in C wave, which is the bearish trade set up.
Banknifty - Elliott wave analysis - Choppy bounce It has completed impulse cycle in 2 hr time frame and correcting the in sideways correction. Now it should go higher from current level along with Nifty.
Nifty50 - Elliott wave analysis - Bounce time It has two possible Elliott wave count at current level. (1) it has completed the impulse cycle started from Corona low and now correcting the whole move in sideways correction. OR (2) it is in 5th wave of 3rd extended wave and will keep going higher. In both the cases the common cycle is small bounce. So stay bullish until it holds the last low in 10 min time frame for target around 15100 or higher level.
ACC Limited seems to be Dicey a bit and may Fall Soon 20/02/2021as we can see the price has retested its ATH and it was trending in an ascending wedge, where at the Squeeze Section we are observing Bearish Divergence with MACD, which is the sign of trend reversal and probably some retracement of the same bullish trend.
this divergence can act as Hidden Bullish Divergence if the Price break it current Resistance zone in Red Box and its ATH, and the Bullish target can be 2080 easily.
the other scenario of Bearish trend reversal we can target the Support zones up to the Green box where i have mentioned the Heavy Support Zone, we can have 61.8% level as a good target in case of trend fall.
we can short it in any bullish pullback and ride it to the next Support area and trill our SL accordingly above the Support which turns to resistance.
we should have a good eye on NIFTY for better trend prediction on this ticker.
please comment your opinions...
BAJAJFINANCE - Elliott wave analysis - complex correctionIt is in WXY correction and ABC of Y wave is ON. Go short near 5530 with stop loss above 5670 for target around 5100 level.
ASIANPAINT - Elliott wave analysis - 5th wave It started 5th wave up after completing ABC zigzag 4th wave. Go long with stop loss below 2341 for minimum target above 2675 or a new high as 5th wave.
Nifty - Elliott wave analysis - ABC of Y wave correction B wave correction is on in ABC of Y wave sequence. The impulse cycle finished at last high and WXY complex correction is in progress. Sell near 15100 with stop loss above 15335. The target level is below 14300.
RELIANCE - Elliott wave analysis - WXY correction The complex correction WXY is in progress, where Y is about to start correcting as ABC. Wait for impulse drop, which will confirm the Y wave down. Then short the bounce for more down side up to 1680.
Plz give a like if you agree with EW count.
