Sakthi1977

Sakthi1977 Updated 

Expecting nifty to reverse course around 17370 levels. Once reversal confirmed wave 5 shall begin.

Sakthi1977

Looks like we are heading towards 360s to complete wave 4. This is showing strength after hours, may be apple might push the market for next 2 sessions. When this proposal completes, it will be higher high and lower low (bull trap?) and will be interesting to watch at 360 levels.

Sakthi1977

Looking at 15 mins timeframe wave 5 is still in progress. we might see 16767 before bounce for b wave. Gaps are magnet and there is gap right around there. let's see whether it will fill the gap now or during c wave down.

Sakthi1977

Structure is bearish until it takes out 528, until then will stick to this bearish count. we are seeing wave 4 retracement more than 0.5 which is okay since wave 2 retraced only 0.382, applying alternation rule for this count. If this plays out, it's going to be choppy for next few trading sessions before it reaches 425. let's how the price action goes on this proposal.

Sakthi1977

Wave 4 bounce to 358-361 is possible before it goes down to 325 to complete wave 5. This proposal will be invalid if prices goes above 367.

Sakthi1977

JNJ still in the correction mode, today's bounce is not impulse and looks to be ABC for wave 2 in the final leg of the downside. Expecting to bottom around 140 area. Let's see how this plays out.

Sakthi1977 Updated 

BANKNIFT looks like not yet for bounce, watching for 35600 level for wave 2 to bounce. On reversal it could bounce to 37200 to 37500 levels. let's see how this plays out tomorrow.

Sakthi1977

Apple is holding 2 year uptrend channel, Let's see what happens here. My EW count is bearish , will update bullish count if we make higher high and lower low, until then bearish is the primary trend.

Sakthi1977

Looks like TATAMOTORS is going to fill the gap at 435.7 in the current leg down (Earnings around the corner). After we might see bounce to 485 levels. Let's see how this plays out. Bullish If this bounces from current level and takes out 540 then all time high is possible. Earnings might determine which direction i's going to take.

Sakthi1977

30 min chart EW count indicating completion of wave 1 ( with 5 micro waves already completed ) and seeing 212 strat reversal, which seems to start of wave 2, expecting bounce up to 0.5 or 0.618 retracement which will be around 17671 or 17828. Let's wait and how this plays out.

Sakthi1977 Updated 

NIFTY looks to be started C wave of regular flat correction. Target will be around 16k if this plays out.

Sakthi1977

Chart is for educational purpose, not an investment idea. Larger degree wave 3 looks to be complete with gap down on Friday. expecting bounce from here for wave 4, 0.236 retracement is 438 and 0.386 is 471 and 0.5 retracement will be gap fill. let's see how this plays out

Sakthi1977

This chart analysis is for educational purpose, not an investment idea. TSLA looks to be motive wave 3 down, projecting wav 3 to end around 750. Let's see whether this plays out next 2 weeks. 01/26 is earning so it might happen next week. will post updated count for wave 4/5 if this plays out.

Sakthi1977

NSEBANK seems to be starting C wave of zigzag correction. target will be around 31000. Fist leg of the correction took 17 trading days expecting similar timing, that will put the target will be in around middle of February 2022.

Sakthi1977

Looks to be TSLA heading below 900 before Q1 earning? more pain ahead imho.

Sakthi1977

SHOP heading to 600 in the current leg down, looks like every bounce will be shorted.

Sakthi1977

Learning to count Elliot waves. Not sure got this right. feedback is appreciated to correct my mistakes.

Sakthi1977

Learning to count Elliot waves. Expecting correction to end around 16000 t o16150. Another 4 - 6 weeks of correction in my opinion, let's see