persistenttrader

persistenttrader

Comments on the count are welcome!

persistenttrader Updated 

Elliott wave counts (pink is preferred, yellow is alternate) mentioned. A potential setup seems emerging that will reach 10800 levels eventually or a triangle. Watching closely.

persistenttrader Updated 

NSE:NIFTY NIFTY (NSEI.NS) NSE:NIFTY completing wave B of A-B-C flat correction started at 11171. WaveB estimated to end arond 11045. WaveC estimated to end around 9951. Good short, good risk reward ratio. Disclaimer - the above text is only for educational purpose. You indemnifty me of any consequences you face by taking actions you take based on above.

persistenttrader

BANKNIFTY NSE:BANKNIFTY completing wave B of A-B-C flat correction started at 27652. WaveB estimated to end arond 27450-27650. WaveC estimated to end around 23500. Good short, good risk reward ratio. Disclaimer - the above text is only for educational purpose. You indemnifty me of any consequences you face by taking actions you take based on above.

persistenttrader

From 8002, NIFTY (NSEI.NS) has completed 5 waves with extended wave-1. Wave-A of the correction is over. wave-C should end in wave-2's price range. I will initiate long with SL below 8170. Target will be above 9000 (will try pasting a picture from higher timeframe for target). Thanks for reading. I will appreciate your comments with encouragement and criticism....

persistenttrader

Pls refer to the charts (weekly in my first idea and 15-minutes one in this idea). Strategy is: wait for completion of 4 of c of B. Add 9.45 points (i.e. length of 3 of c of B) to its end. This will be stop for shorting for wave-C (weekly one) riding. As price reaches near to the calculated stop, enter the position! Target will be to the tune of 425...

persistenttrader Updated 

This is in continuation of my previous idea in which wave-a was capitalized. Now is the time to capitalize on wave-c. C = A gives: 453.60 (end of A) - (470-436 i.e. A) = 419..6 So, short at 446.5 (CMP spot) SL 450.6 (2 of B started here) Target: 419.6

persistenttrader Updated 

This analysis is based on Elliott Wave theory. TATMOTORS has completed a 5-wave impulse structure on weekly. The 5th of the 5th wave is ending diagonal clearly visible on 15-minute chart (pls see below). So: short near 468 stop loss 472 target near 444 per 15-minutes chart / between 425 and 375 per weekly chart Position initiated yesterday at 466 spot/468.3...

persistenttrader Updated 

Hi All, I follow Elliott Wave Principle for trading, I am a novice trader (trading since DEC-2015 using the Wave Principle). This is my first post/idea in the forum, so pls forgive any mistakes. Below is an interesting chart. Request veteran traders to pls review and comment. On weekly, TITAN has completed its X wave at 379. This X is continuation of...