ElliottWaveInsights

ElliottWaveInsights

Based on the observed four-wave pattern within the monthly timeframe, there's a distinct possibility for a continuation towards a fifth wave, indicated by prevailing market signals. Consequently, a prudent strategy would involve considering short positions subsequent to a breakout in price action. It's advisable to manage such positions by trailing stops in...

ElliottWaveInsights

After completing a five-wave cycle followed by an ABC corrective pattern, BPCL appears poised for further upside momentum. With the completion of the 1% projection of the ABC pattern, the recent upward movement indicates potential for another bullish phase. Considering Elliott Wave theory, a retracement to the 0.6 Fibonacci level is expected, providing a favorable...

ElliottWaveInsights

As evident from the chart, Bank of Baroda has successfully completed its five-wave uptrend, followed by a notable sell-off. This sell-off appears to signify the completion of a corrective wave, which often precedes a countertrend movement. Considering the subsequent upside movement as a B wave, it's customary for B waves to culminate around .6 and .7 retracement...

ElliottWaveInsights

As observed, HINDALCO is currently exhibiting a pattern indicative of a wedge formation, with clear adherence to both support and resistance levels. It appears to be nearing the conclusion of this wedge formation, likely completing the e wave. Furthermore, an additional wedge seems to be forming atop the existing structure. Should the 12345 wedge sequence break,...

ElliottWaveInsights Updated 

After completing its fifth wave, according to Elliott Wave Theory, the asset is poised for an ABC correction in the upside direction. The A wave has concluded, followed by the completion of the B wave in the form of a triangle pattern. Should the triangle break to the upside, it presents an opportunity to initiate trades in anticipation of the C wave, with a...

ElliottWaveInsights

Based on my analysis, it appears that Titan is likely forming either an ABC pattern or a 5-wave structure. Presently, it seems to be in the process of developing the C or 3rd wave. In light of this analysis, I recommend considering a short position in Titan. The initial target for this short trade would be set at 3440.

ElliottWaveInsights

The initial wave of the third sequence has concluded, priming for a directional move towards the third wave post an ABC correction. Monitor the ABC pattern closely before considering initiating a short position on GODREJCP.

ElliottWaveInsights

Analyzing the wave count in red, it's evident that BankNifty is poised for its 5th wave within the 4th wave cycle. The chart reveals a wedge formation, with the 5th wave of the wedge nearing completion as indicated in orange. Considering this, I'm inclined towards initiating a short position at the wedge's apex, anticipating the forthcoming 5th wave of the major...

ElliottWaveInsights

In the fourth wave, the ending triangle breakout signals potential. Targeting the fifth wave at 3620 and 3380 beckons opportunity.

ElliottWaveInsights

The impending major 5th wave in NSLNISP appears to be consolidating within a triangular pattern, presenting a potential breakout opportunity. Consider entry upon confirmation of the breakout from the triangle, using the fourth wave low as a strategic stop-loss level.

ElliottWaveInsights

In the event that the price of Coromandel falls below the D wave, it is recommended to establish a stop loss order at the peak of the preceding C wave, while also considering a profit-taking strategy at the 1009 level.

ElliottWaveInsights

TCS is currently advancing within its significant third wave. As we assess the subwaves of this third wave, it appears that TCS is nearing the completion of its fourth wave, positioning it to proceed into the final phase of its cycle, the fifth wave. Consequently, our target is set at 4380. A breakout in price action presents an entry opportunity in TCS, with a...

ElliottWaveInsights

The fourth wave has concluded with an ABC correction, suggesting a potential move towards the fifth wave. Anticipating Chamblfert's commitment to pursuing this next wave, there is potential for a substantial 20% return.

ElliottWaveInsights Updated 

In my analysis of Gifty, I observed that after the initial fifth wave, it experienced a sell-off in the form of an abc pattern, thereby completing the larger (A) wave. Subsequently, it underwent an upward movement, forming a flat irregular correction, completing its (B) wave. Currently, we anticipate a sharp sell-off to ensue, forming the (C) wave. However, the...

ElliottWaveInsights

We have two trading strategies available 1. The first approach involves simplicity: focusing solely on trading the C wave. We wait for the completion of the A wave, identify the subsequent B wave, and then use price action signals to enter the market. 2. Alternatively, we can opt for a strategy where we wait for a higher high before initiating a long position....

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.