RiderTrader

RiderTrader

Currently in the move of Wave 3 , creating an extension of wave 3 . Possible target of 2.618 times @ 114 levels . With a possible retracement to 0.5/1.618 levels @ 85 - 90 Levels For a final target of 150 levels for wave 5 I am not entirely sure on this count . If anyone has any suggestions it would be greatly appreciated

RiderTrader

As on 11/05/2021 217.85 is seen as a major resistance line as that is the IPO open price. Initial breakout occured on 29th Dec 2020 , however breakout could not sustain and it retraced back below the Black resistance line Breakout occured again after retracement on 06/05/2021 with larger volume than previous breakout , However subsequent volume was not equal...

RiderTrader

Trendline / Asc Triangle Breakout Volume > Average Stochastic turned from oversold RSI = 60 < 20% Selling wick Buy above 370 Target 390 levels

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Box Breakout Volume > Average Stochastic turned from oversold conditions RSI > 65 Buy @ 1760 ( High of previous breakout candle on 8th April 2021) Target 1960 being Height of box

RiderTrader

Trendline Breakout Volume > Average Stochastic turning from oversold conditions RSI = 55 < 20% Selling wick on breakout Buy above 882

RiderTrader

Flag Breakout Volume = Average RSI > 75 Stochastic turning from oversold < 20% Selling wick Buy above 660.7

RiderTrader

Box Breakout Volume > Average on breakout Stochastic turning from oversold RSI = 55 < 20% Selling wick Breakout after Retracement Buy above 1843

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Triangle Breakout Volume Breakout Stochastic turned from oversold conditions RSI > 55 < 20 % Selling wick Buy above 143.5

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This is my wave count for crude oil. Targets are mentioned as per charts . If there is any correction in count please let me know

RiderTrader

SCI - Daily Elliot Wave Analysis Wave : = 31.45 - 64.75 = 33.3 = 64.75 - 50.05 = 50.05 - 104.30 = (33.3 * 1.618) + 50.05 = 104.3 Wave 4 Possibility = 91.4 ** Wave 5 Possibility = 100 - 104 lvls ** (**) refer notes Elliot Wave Analysis Notes (**) There is a likely possibility of wave 5...

RiderTrader

NLS Daily Elliot Wave Analysis Wave 0 = 1. 20 Wave 1 = 28.43 Wave 2 = 16.12 Wave 3 target :- Wave 1 - Wave 0 = 28.43 - 1.20 = 27.23 Wave 3 = Wave 2 + (1.618 * 27.23) = 16.12 + 44.05 Wave 3 Target = 60.17

RiderTrader

PLUG Daily Ascending Triangle in formation . However there is a possibility of a large consolidation . Must close above 75.5 for a proper buy . Expect false breakouts as the triangle is yet to complete . Target 15 dollars as height of triangle

RiderTrader

Nifty Monthly - Elliot Wave Analysis As you can see Nifty has completed its 5 waves . Wave 3 has been 1.618 times of that of Wave 1 and Wave 5 is achieved at 14855 . Wave 2 has formed a classic triangle pattern with ABC movement , further more Wave 4 has not entered the territory of Wave 1 and has retraced to approx 0.5 levels in terms of Fib. Retracement levels

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PLTR - Daily Elliot Wave Analysis Wave: 0 - 1 = 10.85 - 33.50 1 - 2 = 33.5 - 22.5 Wave 3 targets : 22.5 + 22.65 = 45.15 (x1) 22.5 + = 51.7 Currently Stoploss will be at 28 levels as it broke out from those levels

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Elliot Wave Analysis SPY 0 - 1 = (218.26 - 358.75) = 140.49 1 - 2 = (358.75 - 319.8) Wave 3 Target (x1) = 140.49 + 319.8 = 460.29 Current occurrence is seen of sub wave " i " of wave 3 . Sub wave " ii " of wave 3 is expected to retrace and hold between 350 - 365 levels OR A fresh buy will occur after 382 levels for a continuance of sub wave " i " of Wave 3

RiderTrader

Nifty Daily DIVERGENCE In my opinion i feel that nifty could be looking at a correction soon . In the last few trading days as seen in the chart there has been a divergence between the prices and volumes , further more a divergence is also seen with Elliot wave oscillator even though Nifty is making new highs . Further more a bearish hanging man with above...

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SBIN 1h ELLIOT WAVE = 248.25 - 279.9 = 31.65 = 279.9 - 272.5 Wave 3 Targets : 304.15 (x1) 312.85 (x1.2) Wave 3 occurrence is likely to be severe as Wave 2 movement was more or less flat

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UNITED SPIRITS 1h ELLIOT WAVE = 544.15 - 584.7 = 40.55 = 584.7 - 567.35 Wave 3 Targets : 607.9 (x1) 618.65 (x1.2) Retraced upto .382 levels