ICICIBank - Elliott wave analysis - ABC correctionIt has completed ABC zigzag move in uptrend. The drop was double zigzag wxy and it was over. So next move will be likely abc bounce if it able to hold the low of 569 then it may go up to 610-630.
Bankniftystocks
HDFCBANK - Elliott wave analysis - correction It completed impulsive up sequence in 2 hr time frame and started correction down. The correction will take more time to finish and can go down up to 1400 or lower level.
Plz give a like if you agree with EW count.
Axisbank - Elliott wave analysis - complex correction It is in complex correction, where ABC of Y wave is in progress. Bounce will be a short sell entry for more correction down as C of Y wave. It may possibly go below 680-650 zone.
Plz give a like if you agree with EW count.
HDFC - Elliott wave analysis - Correction It is within correction mode and expected to go higher in complex or flat correction to finish the X wave cycle. The Y will only start moving down after X wave finished. Both Buy first and Short sell later when completed X wave will be the possible trade set up.
HDFCBANK - Elliott wave analysis - sideways correctionIt is within correction mode and expected to go higher in complex sideways correction to finish the X wave cycle. The Y will only start moving down after X wave finished. Both Buy first and Short sell later when completed X wave will be the possible trade set up.
Axisbank - EW analysis - corrective cycle It started correcting the up move in sideways. ABC zigzag up is in progress, so it will go higher in C wave to finish the upside correction. Buy in small pull back for 685-95 as target zone of C wave.
Kotakbank - Elliott wave analysis - ABC zigzag down It is in correction after impulse finished at the top. The drop is A impulse down, so short sell in B wave near 1920 level for C down for target below 1760-1700 zone.
Bajajfinance - Elliott wave analysis - 5th wave upIt is in 5th wave up move of the cycle. The 2nd subwave correction is in progress and may take little more time to finish. Buy with stop loss below 4684 for target of new high above 5400 for 5th wave up.
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.
