Technical Analysis of TSLA Based on Elliott Wave Theory Overview Based on the Elliott Wave Theory, we observe that TSLA has commenced a fresh impulse wave from the bottom of January 2023. This new wave marks the beginning of wave I in the red cycle degree, which concluded at the peak of July 2023. Following this, wave II in the red cycle degree began moving...
An analysis of Chambal Fertilizers using Elliott Waves, we can observe an interesting progression in the stock's price movements on a weekly cycle. The chart has completed the initial waves I through IV, and it is currently unfolding wave V, signaling a strong potential for a bullish trend ahead. Let's delve deeper into the details of this wave analysis. Weekly...
The move from 17348 is corrective. There is no way an elliottician calls it an impulse move going on. So, the move should be correct 100% to justify it as a corrective move. There are a few corrective moves that don't retrace fully, eg. the legs of a triangle. But this move seems like it should correct 100% soon. A good elliottician is not the one who always...
If we do not break 17930-17900 range downside then a possibility of the wave 3 upside. The counts are on the basis of lower time frame. Please refer to the earlier chart where if broken lows of 23.12.2022 we can further move down. The 2 possibility are in the view. Please do your own analysis before going for a trade or investment. Regards