Banknifty - Elliott wave analysisBanknifty - It is moving in C wave up. The current up move may be 3rd wave of C, which may end soon, thereafter buy the three wave pull back of 4th subwave for new high in smaller time frame.
Niftystocks
ICICIBANK - Elliott wave analysis - Sell on bounce ICICIBANK - The drop was impulse down as A wave. Expecting bounce of B wave as sell opportunity for C wave down. Wait for B to finish up to zone 405-415 with stop loss level above 428.60.
Give thumbs up if you really like the trade idea.
HINDALCO - Elliott wave analysis - Go short on bounce HINDALCO - It dropped in A wave impulse cycle, so wait for B wave bounce up to 175-181 zone. Sell in that zone with stop loss above 187.75 for target below 160 or lower.
Give thumbs up if you really like the trade idea.
HDFCBANK - Elliott wave analysis - choppy HDFCBANK - It has completed impulse cycle up side. The drop was corrective W, which was about to finish and bounces off in X wave. After bounce it will again start bearish cycle.
Give thumbs up if you really like the trade idea.
HCLTECH - Elliott wave analysis - choppy HCLTECH - It has completed ABC flat correction as the part of complex WXY. Now X wave is in progressing. So wait for X wave to finish higher around 880 or above. Thereafter Y wave will again start bear cycle downside.
Give thumbs up if you really like the trade idea.
EICHERMOT - Elliott wave analysis - Go short on bounce EICHERMOT - It was dropped in diagonal wave A and will start correcting in B wave up, so go short near 2175-2230 zone with stop loss above 2304 for target below 2040 or lower. The pattern ABC will be the part of (Y) wave down.
Give thumbs up if you really like the trade idea
INFRATEL - Elliott wave analysis - Go short on bounceINFRATEL - It was dropped in diagonal wave A and correcting in B wave, so go short near 190-196 with stop loss above 206.10 for target below 167 or lower. It will unfold in simple ABC zigzag pattern.
Give thumbs up if you really like the trade idea.
EICHERMOT (NSE) - Elliott wave analysis - sell on bounce EICHERMOT - It is in complex correction and the last fall in 15 min time frame was impulse down as wave A and need to correct higher in wave B. So sell it with stop loss above 2303.10 level near 2220-45 zone for target below 2100 as C wave as the part of W of (Y) wave down.
Give thumbs up if you really like the trade idea.
Nifty50 - Elliott wave analysisNIFTY - It has two probability as either 5th wave extend further in diagonal structure OR it will correct down in ABC structure. So as far as price remains below 12023.90, stay bearish, but if price crosses above that level than price may form diagonal in choppy fashion. Sell with stop loss above 11975 for down cycle C wave for target up to 11750-650 zone with small quantity.
Give thumbs up if you really like the trade idea.
INFRATEL (NSE) - Sell set up - Elliott wave analysisInfratel - It is in very choppy within 4 hr time frame with down sloping price action and under-perforing the Nifty since long. So it is good sell candidate in small bounce of B wave for C down within ABC zigzag cycle. It may even extend the losses for bigger (Y) wave down, but need more confirmation. sell near 188-86 zone with stop loss above 195.05 for target zone below 174 or lower.
ICICIBANK - Elliottwave analysis - Buy set up ICICIBANK - It is in ABC zigzag up move from last bottom in 30 min time frame, which is probably start 4th wave of C soon. Buy near 389 for target above 410 or slight higher. stop loss should be below 382.80 for the trade, because below this price level it turns bearish.
Give thumbs up if you really like the trade idea.
EICHERMOT - Elliott wave analysis - Buy set upEICHERMOT - It has completed impulse at last swing high and now correcting down the price. Within correction it is forming ABC zigzag up move, where B wave as expanding triangle is under progress. Buy the drop of e wave of B wave triangle near 2170-2150 zone for target around 2300. It may reverse than for (Y) wave down along with Nifty.
Give thumbs up if you really like the trade idea.
Adani Port & Special Economic Zone (Adaniport - NSE) - impulseAdani Port & Special Economic Zone Ltd (Adaniport - NSE) is moving up in 5th internal wave of subwave 3rd of 3rd wave as indicated in chart. As mentioned in previous updates it is going up in impulse and unless it retains above invalidation level, it is good buying candidate. In weekly time frame it is in 5th wave up.
