This idea is based on the Elliott Wave Theory - involving the use of ending diagonal pattern. An ending diagonal suggests an end to the ongoing trend (in short-medium term). It involves 5 sub-waves and is mostly broken downwards (or upwards) with a heavy momentum. Overall the market seems to be completing its 5 waves structure too (wave count mentioned in...
ICICBANK is completing an ending diagonal pattern which suggests that prices could reverse soon as a part of correction. Further confirmations can only be made after price breaks the structure (downwards). This is only an idea based on the Elliott Wave Theory. Manage your own risk while trading or Investing.
This chart is based on the Elliott Wave Theory. If the price holds above the Invalid point we can assume the wave 3 is under development. Targets can be 600 and above.
HINDCOPPER. This idea is based on the Elliott Wave theory. The stock has been under correction and would likely resume the uptrend.
This idea is based on the elliott wave theory. The last upmove can be considered a wave 1 followed by an abc correction. We are likely to see a wave 3 move upside with targets towards 40.
NIO is starting to move upward after forming an ending diagonal. This is likely a larger trend continuation and the wave 5 could extend to new highs.
AFFLE INDIA. The stock is forming a large triangle as a form of consolidation/correction.
The idea is based on the Elliott Wave Theory. The analysis suggests that an impulse cycle is completed which started in Jan 2009. Based on this count, we are likely to see one more wave down (c) which completes the correction cycle. The minimum correction point would be 38.2 fib which is at 3200 and then the 50% fib (2700 level). Wave b often takes time to...
COAL INDIA. This analysis is based on the Elliott Wave Theory. Manage risk while trading/Investing.
WOCKPHARMA has completed a long term correction cycle and now could be a good buy with targets above 2,000 in the long term. The invalidation for this analysis remains at 135.20 (marked level).
SAIL - has completed its long term correction and has started moving up again. The stock is a good pick for long term as it is likely to make new highs in the coming years.
KOPRAN (Log Scale) - The stock has started moving up after correcting almost 80% of the previous wave. This is a long term scenario where the stock will make new highs in the next few months and years.
BankNifty is currently moving higher and will reach the upper trend line before starting its correction. Bullish moves can be expected for the next few months before the index finally starts correcting the larger move.
IOC - Elliott Wave View. The stock is currently correcting and will likely go higher in wave 3.
BANKNIFTY - Correction taking place in WXY structure. The index will likely drop this year as a part of correction.
The idea is based on the Elliott Wave Theory. The rally in PSU Banks seems incomplete and SBI could reach higher levels before making a corrective move. If the ending diagonal doesn't invalidate, a reversal is likely from the upper trendline.