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 ...
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 ...
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)
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).
short near 468
stop loss 472
target near 444 per 15-minutes chart / between 425 and 375 per weekly ...
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 ...