Yesterday we had provided this:
RELIANCE NSE:
Buy reliance 2018
Stop-loss 2009
Target 2057
What is Elliott wave theory?
Elliott wave theory is a method of technical analysis that looks for red current long-term price patterns related to persistent changes in investor sentiment and psychology, the theory identified as impulsive waves that set up a pattern and corrective waves that oppose the larger trend.
The Elliott wave theory was developed by Ralph.nelson, Elliott to describe price movements in financial market, in which he observed and identified recurring.fractal wave patterns wave can be identified in stock price movements and in consumer behavior investors trying to profit from a market trend could be described as” riding a wave” a larger, strong movement by homeowners to replace their existing mortgages with new ones that have better term is called a refinancing wave.
To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
How do Elliott waves work in our trade?
Some technical analysts try to profit from wave patterns in the stock market using the Elliott wave theory, this hypothesis says that sock price movements can be predicted because they move in repeating up and down patterns called waves they are created by investor psychology.
The theory identifies several types of waves including motive waves, the subject can not all traders interpret the theory the same way to agree that it is a successful strategy. The whole idea of wave analysis itself does not educate to a regular blueprint information, where you simply follow the traction, unlike most other price information, wave analysis offer signal into text dynamic and helps you understand price movements in a much deeper way.
The Elliott wave principle consists of impulse and corrective wave at its core
Impulsive wave consists of five sub-wave that make next movement in the same direction as the trend of the next largest degree this pattern is the most common motive wave and the easiest to spot in a market, like all motive wave, it consists of five sub wave three of them are also motive waves, and two corrective waves .this is labeled as a5-3-5-3-5 structure, which was shown aboveÂ
Corrective wave-consist of three, or combination of three, sub wave that make at motion opposite to the trend of the next largest degree like all motive waves, its goal is to move the mark in the direction of the trend
Also, like all motive consists of five sub waves the difference is that the diagonal looks like either an expanding or contracting wedge .also the sub-wave of the diagonal may not have a count of five, depending on what types of diagonal is being observed.as with the motive waves, each sub wave, and sub wave three of the diagonal may not be the shortest wave.
To be CONTINUE this research in next “STOCK ANALYSIS”
Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips
Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.
Many thanks for sharing this Elliot wave theory.
I really appreciate it Comprehensive analysis
In 5Min TF after doji candle i see two bullish candles closed above doji closed value and respective candles means i feel bulls regained the momentum after market hours please check
you are correct, It doesn’t count as an impulsive wave but it still can be a zig zag abc (5-3-5)
Good Trade. I was going opposite. I will keep on following you now. I hope you give frequent updates on the trade too.
wow this is great hope I Will learn more from you
Hello
Thanks for sharing with us your Elliott Wave Research,it is very easy to understand .
i am followed your last call and it is very profitable to me thanks for sharing with us that great research
in last some days i followed your calls and it is worked very amazing ,so now i want your subscription ,so provide me information about it
i have seen your research and i like your research ,i need your subscription
thanks
hello,
my name is pravin ,
i have seen visited this site and i like it so much i also have seen your research it is very impressive ,good work on elliott wave ,
thanks.
simple and informative research. Great. Thank You.I am following you in money munch at last few days, and …i want your membership .
my name is cheer and i have seen your research at last some day,i want to subscribe you
i am intraday trader and i have stared the trade in last few month but i don’t have any benefits so now i want to subscribe you because i have seen your research and it is very nice
thank you
hello,
my name is sukiyaki,i have started my trading 2year ago but i don’t have any remarkable profit i had discussed this situation with my friend pratap then he advice me to see money munch so i have gone threw money munch mostly every tips are certain, now i want to join
hello,
i am visited many trading sites and i searched a best trading site is money munch ,i visited this chart i have seen your profile and i like that i want your subscription because you research is very sharp and easy to understand ,
thanks
Hello,
My name is ritika,
I have visited your profile and seen your allvreserch and read review of your articles and charts that’s very brilliant đź‘Ť
I have visited your profile first time, and I like your research very accurate and Sharp work…. Thanks