From the chart, it is clear that we are in wave (3) of a major degree and currently in wave 1 of wave (3). I believe wave 1 may conclude near the 100% or 123.6% levels, which are marked on the chart. As it has already breached the 61.8% level, it looks likely to cover the range of 100% to 123.6% in general. Then, we may see a retracement for wave 2 of a minor...
It is observed from the chart that we are heading into a bear cycle for Reliance Industries. Coincidentally, the Fibonacci retracement level of 0.618 aligns with the encircled area, indicating a potential support zone. Furthermore, the Gann support also appears to converge in this area, suggesting a strong support level. This convergence is highlighted by the...
Today is last weekly expiry of the BANKNIFTY. I think they are going to trap all seller in today's expiry. Short should be brought down to escape from this trap. Not recommending to buy in any means ....! We have done the D leg down of a triangle....an explosive move for E can anytime resume...! Regards
Hey guys Iam asking you to know whether this indicator is a hoax or really a neelly river trading machanism. pls comment and inform me...!
It seems that exide industries has completed a sequence of the 5 wave upside (terminal impulse) and we are correcting against these 5 wave completed. As the terminal impulse has a quality that it may retrace to 60-78% of the upside move, a rectangle is placed for the correction completion indication, the longs may be initiated in the rectangle area, we will then...
I think this video will be useful to my followers. I put my time to show you my view on the exide industries. All the levels are labeled in the chart. Any query? do write in the comments. Thank you. Disclaimer: The information provided in this stock analysis is for informational purposes only and does not constitute financial advice. Investing in stocks involves...
Based on current chart patterns and Elliott Wave Theory, it appears we are in Wave 4 of a higher-degree cycle for the 10-year U.S. Treasury bond yields. Wave 4 is typically a corrective phase following a strong trending Wave 3, suggesting that this phase may involve consolidation or retracement. Key Levels to Watch: 38% Retracement (Lower Orange Line) : If...
Based on the chart analysis, the following observations can be made: A double correction in the form of a wxy pattern was completed near the price level of 49,650 on August 14, 2024. Subsequently, Wave 1, consisting of five subdivisions, was completed. Wave 2 concluded on September 9, 2024, at a price level of 50,370. A smaller degree five-wave pattern was...
DOW JONES ELLIOTT WAVE Hourly counts of DOW JONES are plotted on the chart. Not a buy sell recommendation just a view. pls do ur own research before going for any trade activity. regards
Elliott Wave Analysis Overview: 1. Primary Degree Wave 1 (Completed in March 2000): Price Level: 218 The first primary degree wave, which marked the beginning of a larger uptrend, concluded at the price level of 218. 2. Primary Degree Wave 2 (Completed in September 2001): Price Level: 33 The corrective wave 2 retraced the gains of wave 1, with the price...
Hey Guys, Bank nifty has not shown behavior of any impulsive wave as of now. Still one possibility seems imminent, let us see if it stand valid or goes below the trendline again. Thank you.
Higher degree waves have been plotted here. Are we in the distribution area now? This is question we need to find the answer for. Regards
I have depicted the intermediate degree chart of the CDSL , however, we do not have much data on the scrip but if we count we are in 3rd wave of the miner degree and uppar levels for 3rd are marked with lines (gray). Again not a buy sell Reco. only an educational material. Regards
We are standing at daily trendline which if broken today or 2moro then short covering in banknifty will not let people to enter in longs. It might be very fast in my view. The bears are pushing it below, but bull have Favour of natural technical. Breakout may give higher price upto 53k in BANKNIFTY. Its not a recommendation but a view...posting chart after a long...
Is it a head and shoulder formation in JIO Financial Services.
HUL, is it ready to trekking Counts are suggesting what I am thinking about HUL. I have charted out my view.... what is your's tell in comments regards
upon analyzing the stock i have come to the conclusion that the stock has concluded wave 2 in recent time...