ElliottWaveInsights

ElliottWaveInsights

Wait for the breakout and target the fifth wave, with the sl below 4rth wave

ElliottWaveInsights Updated 

from 26 oct 2023 to 28 dec 2023 a Fibonacci retracement is placed, market is a about to take a pull back to complete its 4rth wave, it will face rejection near 3rd and 4rth sub wave and sell off will continue. according to me without completing its 5th wave market will not change its view (bearish). hence wait for another sell off then we can create some long side...

ElliottWaveInsights Updated 

In the context of Elliott Wave Theory, within the corrective structure of an ending triangle formation, one may consider initiating a position upon the completion of wave E, with further allocation contingent upon the breach of wave D. Wave E must not be longer than wave C in order for this strategy to maintain its validity, specifically not exceeding 839.

ElliottWaveInsights Updated 

On the weekly time frame, a noticeable triangle pattern has recently broken out. Counting from the bottom before the breakout, we observe waves 1, 2, 3, and the ongoing 4th wave. It is anticipated that SBIN will dip to 608-605 before initiating a breakout, setting the stage for the impulse 5th wave. The initial target for this 5th wave is projected to be 673.

ElliottWaveInsights Updated 

TCS exhibits signs of an impending sell-off, marked by key observations: Close proximity to its all-time high. Formation of an ending diagonal pattern in the vicinity of the historical peak. Potential emergence of a flat irregular ABC pattern on the monthly chart spanning from September 2022 to February 2024. Strategic considerations: Option 1: Consider...

ElliottWaveInsights

In the weekly timeframe, it is evident that mankind has successfully navigated through its first and second wave, and is now poised for the commencement of its third wave. Transitioning to the daily chart, we observe the initiation of this anticipated third wave, with the completion of its first sub-wave. Subsequently, the price retraced into the range of the...

ElliottWaveInsights

Between January 2022 and March 2023, TANLA exhibited a sustained downtrend, followed by a notable upward correction. My analysis suggests the formation of an ABC pattern on the chart. The initial phase (A) featured a sharp upward movement, succeeded by a straightforward zigzag retracement (B), and it now appears poised for the concluding C wave. Having completed...