Elliott Wave Theory

[prabhsingh]

Attaching couple of Elliot Wave charts for JswEnergy.Seems to be in good bull run.

It seems Wave 5 have started as shown in below image:

 

[1sandeepgupta]

We are in the C wave after completion of wave A and wave B after a long impulsive down trend on hourly chart. Buy around 0.8861 and the target is equal to the length of wave A.

Disclaimer: This and all the ideas I present are for educational purpose only.

 

[1sandeepgupta]

Syndicate bank seems to have completed the correction and now has started in the primary wave [3].

 

[1sandeepgupta]

I am posting the weekly chart of Colgate. May be the primary [5]th wave has completed. The [5] th wave is in the shape of broadening ending diagonal so may be it is the time for correction. This correction may last up to the starting of the diagonal that is also the 38.2% retracement of wave [1] to wave [5].

Disclaimer: This and all the ideas I present are for educational purpose only.

 

[1sandeepgupta]

8500 to 9000 seems quite possible in near term, if the wave 5 does not extend. As the 3rd wave is extended one.

Disclaimer: This and all the ideas I present are for educational purpose only.

 

[vishnu_1990v]

Thank you very much. You pointed out correctly. There was slip of mind. I am posting weekly chart of nifty and very soon I will post correct monthly chart of nifty. Thanks again.

From here how it got extended IIIrd wave please explain, as you had mentioned two targets 7440 and 6991 both targets not touched.
vishnu_1990v

 

[prabhsingh]

Uploading chart of TataPower where it clearly depicts that its forming Expanding Diagonal Triangle pattern and future seems to quite bright for this stock.If somebody has patience and is willing to invest for couple of months then will be quite profitable.

 

[1sandeepgupta]

From here how it got extended IIIrd wave please explain, as you had mentioned two targets 7440 and 6991 both targets not touched.
vishnu_1990v

The market took momentum and it only retraced to 7723 rather than going to lower projected targets as 7440 and 6991.

Wave 3 lies between 200% to 261.8% extension of wave 1.

 

[1sandeepgupta]

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[1sandeepgupta]

I am posting weekly chart of Dabur.

We have completed primary wave [1] and the the wave [2] is unfolding as correction. Let us see how it unfolds?

Disclaimer: This and all the ideas I present are for educational purpose only.