Elliott Wave

Bata at a Crossroad – Is It Ready for a Relief Rally?From its 2021 peak, Bata appears to have completed a full 5-wave decline, labelled as Wave A of a larger A–B–C corrective structure. The decline began with a diagonal-like structure, signalling weakness right from the outset. It ended with an Ending Diagonal in Wave 5, a classic pattern of market exhaustion. RSI is deeply oversold, aligning with the possibility that Wave A has reached completion. With Wave A likely complete, attention now shifts to a corrective Wave B bounce. Typical retr

Buy Bharat Dynamics Bharat Dynamics has been undergoing correction in the form of a zigzag (originally considered as a flat). The stock has completed wave C as a 5th wave extension at 1.618x of wave 0-3 to 4 as given in the charts. Go long on BDL with a target of last high.

by ChartTheWave

Buy Adani Ports & SEZ, Wave B of Flat in formation Adani Ports completed wave (iii) on 10 June and has been undergoing correction in the form of a Flat. Wave A has formed as three separete waves (a), (b) and (c). Wave B is in formation which can be one single wave (which is generally the case). Wave B being a counter wave provides a buying opportunity. Target and Stop loss are provided in the chart. Happy Trading !!!

by ChartTheWave

Apollo Hospital - Elliot Wave Counts - Short Apollo has been an out-performer in the entire correction phase. However, just like many other Pharma stocks - which outperformed but are now topping out, Apollo Hospital is also about to complete 5 up in an ED. Check Divis for reference: Now, weather this 5 up completes just one more from the March 2025 lows or the entire upmove from May 2022 lows remains to be seen. In both cases, we should get a decent 8-10% pullback.

by pankajarora232

Buy Apollo Hospitals Apollo Hospitals completed Wave V of a new impulse on 8 July, precisely at the 78.6% retracement of the entire move from Wave 0 to Wave iii, projected from Wave iv. Since then, the stock has entered a corrective phase, and the pattern is shaping up as a Flat Correction. Structure So Far Wave A of the flat is complete, with sub-waves (B)–(C) finishing near a 1:1 ratio with sub-wave ((0)–(A) / sub-wave ((A)-(B)) as market in the chart. The stock has formed a bullish long-legged doji / hammer pa

by ChartTheWave

Bullish signs for Gold?Gold seems to have made a good corrective move for wave iv. We may see a new high in the coming sessions.

Nifty's correction - What lies ahead? (update) This is further to my post titled “Decoding Nifty’s Correction: What Lies Ahead?” dated 29 July wherein I had mentioned that early predictions are risky unless at least one leg of the correction is fully formed. Based on the latest price action I am updating the idea. Since I am unable to post this as an educational idea (due to rules), I am putting it as a "short" post. In my earlier post, we discussed the unfolding correction in Nifty and outlined possible scenarios ahead. The latest price a

by ChartTheWave

Can we see an upside in #ApolloMicroSystems?What appears to be a Wave 4 can lead Apollo higher to its ATH in the long run.

Chalet Hotels - Exit Chalet Hotels, part of the Nifty Smallcap 250 and a favourite stock in the hotel/tourism sector, appears to have completed Wave V of a larger degree on 30 Dec 2024. Wave structure insights: Wave (i) and Wave (iii) were equal in length (1:1), i.e. equality Wave (v) extended to 1.618× the length of Wave (iii). Within Wave (v), sub-waves i and iii were equal; sub-wave v ending near sub-wave iii’s price level. The stock has been unfolding a flat corrective structure: Wave (a) ended on 17 Feb 20

by ChartTheWave

Torrent Pharma to touch 3100 again ?Torrent Pharma is in corrective phase for a while. This correction is not going to end anytime soon, however we still have opportunity to make some money here. Currently on the Daily chart its in complex correction in which we have already completed Wave W, what's left is Wave X and Wave Y. Once we are good with the completion of wave X then expect it to unfold in a-b-c which will be part of wave Y. Disclaimer: I am not SEBI registered member, this is only for educational purpose only.

INTU next target around 850 once correction is over INTU has been correcting after finishing an Impulse sub wave. It will end the correction in the Price band of 745-715. Why such a big Price band to end the correction ? Because it has to correct till 4th wave of earlier sub wave and or resolve technical divergence with the price and RSI so the large band. How can we trade then for a target of 850 ? Wait for the price to enter the correction band of 745-715, the price may for the pattern as indicated by Yellow 1-2-3-4-5 wave pointing downwards

Corrective Rise Up Nifty seems to completed the formation of the corrective down pattern which was a Diametric formation. From here we could expect an up move to take place, which will most likely be a corrective rise too. The first warning that the downside it still in progress will be price entering the range of around 24290 and a break below the level of 23900 will confirm that this wave was just the starting of a larger correction Happy Trading!!

Nifty - Elliot Waves Counts - Long Looking for bottom everyday, as broader markets indicating one more high. Aligning Nifty counts with broader markets - We have an ABC with C ending in an ED - If it has to turn and head up to another high, this is the time. Wait for one green day for confirmation. Level at which view goes wrong - If 24320 breaks on the downside. All the best!

by pankajarora232

Buy on Dips | 4H timeframe Bitcoin seems to have completed the formation of triangle and entered into an upward move. The SL for this study would be price entering the price range of 111,700. Profit could be booked on the marked Fibonacci levels (darker the color, more important the resistance level)

Sell Prestige Estate futures, minimum target 1608 Prestige Estates completed wave iii of the new impulse wave on 9-June and ever since has been undergoing correction in the form of a Flat which is a 3-3-5 structure, generally labelled as Wave (A), Wave (B) and wave (C), each sub-waves named as smaller abc. In the flat structure, The stock formed three independent waves/swings for Wave (A), i.e. 0-a, a-b, b-c. Wave (B), which is a counter wave formed as one single swing. Sub-wave c got completed at 1.618 fibo extension of wave ab. Stock has

by ChartTheWave

Hood heading to 240 ?After a 2+ months correction Robinhood seems to have broken out of complex ABC correction and can head towards 240 in coming months., Current rise is impulsive so the probability of holding this view is high., will update as the price progresses.,

Buy ICICI Prudential Life: Wave (iv) Likely Completed ICICI Prudential Life Insurance completed Wave (iii) on 29 May, followed by a classic flat correction (3-3-5 structure) forming Wave (iv). Structure Breakdown: Wave A (3-wave down) completed on 13 June Wave B (3-wave counter) topped on 15 July Wave C (5-wave impulse) extended into a third sub-wave and completed on 1 August This C wave also aligned with the 0.5 Fibonacci extension of sub-wave 2–3 to 4 — a typical exhaustion zone (shared the chart in comments below). Candlestick Confirmation I

by ChartTheWave

Nifty - Elliot Waves - Short term Long Trade Preempting this as and Ending Diagonal in C of Y. If today's low holds - we get a strong trade up till min 24900. Next targets would be 25050, 25250. Good RR!

by pankajarora232

Keep an eye on #Bandhanbank It appears that Bandhan Bank is currently forming a corrective pattern, which may lead it to fall back to fresh lows. Always trade with a protective stop. **This is an educational market outlook, not investment advice. Please consult a SEBI-registered advisor before taking any investment decisions.** Cheers, PipVoyager

Nifty - Elliot Waves - Short term Long Trade In immediate short term - We had a leg up in Nifty (1 or A), followed by a pullback in what it seems like an abc. c=0.618 of a is at 23480, where 0.786 retracement of 1/A also lies. Hence, if this holds, we get at least one more leg up to 24900. It's a good RR for ling. All the best!

by pankajarora232

Nifty - Elliot Wave Counts - Update (Neutral)In our last post we discussed that in short term 25700 is the target and if we cross that, then Leading diagonal gets invalidated and hence we look for much higher levels. Last post: Thankfully, we didn't get out in shakeouts and rode the entire move till +25600 Now, unfortunately we did not cross 25700 and hence the chance of Wave 1 or something else ending at 25670 became stronger. As of now, we are at a place where there is a lot of confusion. I see a 5th up pending in wider indices, bu

by pankajarora232

Is Nifty 50 going down and down?What seems to be impulse wave 3, Nifty may see more downfall in the coming week. However, for an alternative count, we may also be in a wave C. But for either scenario, we can observe more downward movement ahead.

A corrective wave up seems to be over HAL corrected in an ABC fashion . Then a wave up happened again in a corrective formation .So what can it be . ABC-X-ABC . Is it possible . Yes it is . But what is more possible . A triangle which will consolidate and consolidate . For very long term guys just hold . For short term guys its and exit . For traders we can always tread on thin ice of life , as Pink Floyd said .Regards

EUR/USD Elliott Wave Count Signals Downside Targets The EUR/USD chart is displaying a completed 5-wave Elliott impulse structure, suggesting the potential start of a larger corrective move to the downside. Wave 5 appears to have finished after a classic ending diagonal pattern, with price now breaking below the wave 4 support trendline — a strong confirmation of trend exhaustion. Currently, price is retracing upward towards the 0.5–0.618 Fibonacci retracement zone of the last impulsive leg, around 1.15912–1.16383, which may serve as the final re