The cement stocks have had a great 2023 and many are looking to carry the run forward into 2024 as well. India Cements was spotted displaying a minor Wave I from Nov 1 till Dec 14.In this wave the stock swiftly moved 35% up in a short time of 1.5months Wave II was a 38.2% retracement of the wave I. Between Dec 21 and Jan 4 the stock completed a leading diagonal...
The stock looking to move towards the INR 4000-4150 zone in wave "III" structure. The stock was previously in a Wave "I" structure between Oct end till Dec end. The correction to the wave I in the form of wave II was a mere 23.8% retracement of the first wave and lasted for a mere 3 days. This a reflection of strength in the stock. The stock is also the 5Th best...
My thesis regarding gold is simple—an Expanded Flat correction for Wave 2. The primary rationale for this determination lies within the retracement on completion of the initial 5-Wave move up on completion of WA. From my perspective, this retracement exhibited insufficient depth to be counted as a W2. Reverting to what I call the Elliott Wave Theory paradox, if...
SUZLON ENERGY: The stock has confirmed that it is in its 3rd miner wave. The stock has crossed its base channel and now is in its acceleration channel. This chart is a log chart. The price may move further towards 60 then further. This is not a buy sell recommendation, please consult your financial adviser for any investment. Regards.
The Dollar Index has been trading upwards since December 28. Price action looks like a clean motive wave, and I’m looking at the current move from 102.15 (January 04) as the final 5th leg. Expecting to see a pullback towards the 102.00 area after wave (v) completes; for the potential ending point of the current 5th leg, we are looking at 102.87 - 103.07 area (inv...
Exposing the Elliot Wave count and Head and Shoulders Pattern in MATIC/USDT chart. We can clearly see a resistance level recently broken and bactested. These are strengh signs and should push MATIC towards the 1.50-1.70 area level quite fast in the upcoming weeks. Projection: Between January up to early mid February to reach the target. Long Position open at...
The stock can be seen moving up in an Elliot wave structure from Oct end bottom. Wave I completed in Oct-Nov followed by a 38% retracement and then Wave III completed in Nov-Dec followed by a deeper 50% retracement. Now the Wave V has begun in the stock from Dec 21.This particular wave also can be seen sub-dividing into minor waves like the previous 2 impulsive...
The stock is currently in wave iii of III which is projected moving towards INR 895-910 zone. 'Wave I' unfolded in the stock from June-Oct 2023 and then the price witnessed a 50% retracement of the wave I in 'wave II' through the months of OCT-NOV. The stock is now going for the completion of the 'Wave III' target of INR 895 but the 'Wave III' is sub-diving into...
This Pharma giant has outperformed Nifty 50 in the entire 2023. Starting from Jan.2023 the stock has been making clean and strong impulse moves and easily beating the index returns for the entire year. The stock completed wave I of 3 between Jan-May 2023 and completed the wave III of 3 subsequently between May-Aug 2023. Between Aug-Oct 2023 the stock was in a...
#LINK Update Projection unfolding as it has multiple times across history. First grab some liquidity then one last bounce on top of support before moonshot...
From a technical point of view, a bullish consolidation on the intraday chart (30') is still possible. That said, the FX:EURUSD pair is triggering a corrective structure within a triangle (corrective Structure), so the bullish breakout should be able to push the price to 1.100 and then 1.1040 area. Trade with care Like | Share | Comment
This FMCG stock is spotted completing a complex triple three(WXYXZ)correction to a prior leading diagonal wave 1 that it had developed between October-Dec.2023. The stock has made a 50% retracement of the 'wave 1' rise during the complex correction in the past three weeks. Now that the corrective wave is nearing its end(or already ended), the stock should be...
BTCUSDT up-to-date. Price is retracing below USDT41400, which level is a limit for a impulse wave confirmation, from an Elliotician perspective. On this case, if price is rejected from this 78.6% Fibonacci retracement, we'll see a profitable leg downward to accomplish wave -3. Potential USDT40400 target, in demand zone, for this swing trade. Chaikin Money Flow...
As an update from my first post on this new account, I'm showing u that on this 30m BTCUSDT chart that price is heading in a potential impulse wave (Elliot Wave Count). So, look on Chaikin Money Flow and u'll find a strong bearish divergence printed! Bears on command.
BTCUSDT seems to be reached supply zone. Price action drew a logical dynamical resistence line - top formation - in a confluent Elliot Wave count. USDT 40400 is a potential target for short swing trade in an possible impulse bearish.
From a technical point of view, the FX:AUDUSD pair is very interesting and attractive, especially on a lower time frame. If we look at 1H chart we see that the pair completed 12345 bearish impulse structure (or part of corrective structure) and subsequently triggered reaction from wave 5. From our point of view, it should be correct to try to take a long...
We are currently in a possible ABC pattern. We are at the end of the correction and possibly gearing up for the next impulse move down. 800+ Pips on the eurusd
This is Nifty50 my tentative wave pattern. I think there is still a momentum of 100-200 points to form the top.