barefootTrades

barefootTrades

HDFC Bank has moved to break ATH since the last update on April 19, 2024. This adds confidence to the idea that the bulls have control. Have adjusted the count a bit as it seems to nesting in a 1-2 1-2 pattern. This one was a very low risk to reward trade, and has been playing out beautifully if you followed the plan as laid out in 18th January post. Shall update...

barefootTrades Updated 

As per this count, currently the price seems to be in wave (v) of circled black wave iii. Appears to be a clear Elliott Wave pattern with invalidation level sitting at wave i high. 1.618 extension of circled black wave i at 3259.60 could be used as a potential target WIll update the chart as price develops further. Thanks for reading!

barefootTrades

IRFC has been one hell of a trade for many. Guess what, it is not done yet and has more to offer. A fresh impulse wave has started and price seems to be in third of the third wave. Break of all time high at 192.80 will add confirmation to this idea. Overall it is a clear Elliott Wave structure in my opinion. Will update the chart as price develops further. Thanks...

barefootTrades Updated 

IRFC has been in a nice uptrend. Here I have my EW count from the 26th October, 2023 low. IMO it seems to be in the final stages of wave 3 in red, wave 3 of 5 of 3 to be precise. Will update the count later as it plays out. Thanks for reading!

barefootTrades

This one continues to make new highs and is still not done yet. It is 100% up since shared it for the first time. The Elliott Wave count is self explanatory as to where it is heading in the coming months. In my opinion, the next good buying good opportunity would be the blue wave (iv) pullback. Shall update as price develops further. Thanks for reading!

barefootTrades Updated 

If you understand Elliott waves, the chart labelling is self explanatory. A textbook Elliott wave impulse pattern with missing 5th wave of the 3rd wave. Thanks for reading, will update as price develops further.

barefootTrades

3 months since my first idea on HDFC Bank. After correcting in a zig-zag pattern, price reversed from a little below the projected green Fibonacci zone. I would like so see a fewer more higher highs as shown via red path to call it a clear impulse. A break of corrective channel would add confidence. All in all it was a good trade to take with a very low...

barefootTrades

Got clarity since my initial idea (linked below) on January 12, 2024 . The alternative view presented there played out. For now price seems to be in wave 1 of larger degree wave 3. Break above red wave 1 high @ 195.50 and thereafter an impulsive break of the base channel will give more confidence to this idea. Shall update the idea as price develops...

barefootTrades

this one continues to make new highs and more to come. updated the Elliott Wave count, since my last update, as price developed further. price currently seems to be in final stages of wave (iii) in blue. Will update again as price develops. Thanks for reading!

barefootTrades Updated 

Bitcoin extended a bit more in 5th wave of wave (a) in blue since my last update. Despite this, overall trade idea remains same as before i.e. to short the blue wave (c). Alternatively, but less likely, blue wave (c) could also be force counted as completed. So trade with caution and managed risk.

barefootTrades

This is one of those clear Elliott Wave pattern to bet on. Recent break of May, 2022 all time high and impulsive continuation of price indicates the presence of wave 3. In my opinion the wave 3 is still in progress. Counting the internals of wave 3 is quite tricky at the moment so avoiding it for now. How to trade it ? I'd be waiting for a clear 3 wave pullback...

barefootTrades

CRYPTOCAP:BTC seems to be in a 3 wave zig-zag correction. A nice and clear setup to short the C wave before bitcoin resumes higher. Thanks for reading!

barefootTrades

Seems to be correcting in a 3 wave (Zig-Zag) manner after 5 waves up! Almost at the golden pocket, let's see how the price reacts from there. Great setup in my opinion with a clear invalidation level. Nothing much more to say, will update in a few days. Thanks for reading!

barefootTrades

This one played out very nicely. Actually to the T since my last update on 2nd January, 2024. Turned up in a very impulsive manner (as a wave 3 does) with very shallow pullbacks, hardly giving any chance to ride the train. For now Wave 3 seems to be complete and wave 4 correction is in progress. You know what's next if you understand Elliott Wave Principle. Will...

barefootTrades Updated 

4 months since I first shared my Elliott wave count on Angel One. The price has since moved beautifully in an impulsive manner clearly suggesting the presence of wave 3. In my opinion, blue wave (iii) is still in progress but may end soon (350 points more maybe) and the price may go sideways to consolidate in wave four. Thanks for reading!

barefootTrades

A very clear 5 wave Elliott Wave structure in this one. Also the break of all time high adds more confidence to this count. Full EW count on the chart with a clear invalidation level. Thanks for reading!

barefootTrades

Bulls seem to be in control for Nykaa. This is a very aggressive bullish EW count with a series of 1-2 1-2 nests. Alternatively, it can also be counted as a 5 wave up (with no nests) shown as the red count. However, this alternate count will still not change the bullish case. Will update the count as it develops. This is definitely on chart to keep an eye...

barefootTrades

price moved up to new all time highs suggesting an impulsive move to be seen in the coming months. Also the count is a very premature one as the price can get as bullish as it could. Not much to update as of now, shall update as the chart develops. Thanks for reading!