Wave Tattva
1.6K posts
@WaveTattva
Decode the Essence (Tattva) behind price - Structure (Elliott Wave), Proportion (Fibonacci) & Momemtum (RSI) ▪︎ Not SEBI registered ▪︎ No buy/sell reco
#Nifty50 Even after today's move, there's a chance of running contracting triangle (pic 1), where unlike contracting triangle, B goes beyond start of A (see pic 2 & 3 for difference). The other possibilities too, as in quoted post, have equal probability. Patience is the key!!
#Nifty50 Contracting triangle is invalidated above wave B (pic 1) and opens Pandora's box. Alternative: • Can form barrier/expanding triangle under Z - pic 2 • Can be in B of Z forming running/expanding flat - pic 3 • Can be in Y of X - pic 4 #StockMarketIndia #ElliottWave
#Nifty50 High probability that the 2nd X wave of WXYXZ is completed and now index is moving under final Z leg. As per the probabilities of combinations possible under WXYXZ (see x.com/i/status/20563…), good chance of wave Z being a triangle. #StockMarketIndia #ElliottWave
#Nifty50 Moving precisely under the ABCDE triangle of wave Z. Currently rising under D of Z. Later E of Z shall take price lower, only to find it going up again under blue 3 (alt. C) to go beyond end of blue 1 (alt. A). Invalidation of upmove below 23397. #StockMarketIndia
Today, PM Narendra Modi gifted Parle company’s Melody toffee to Italy’s PM Giorgia Meloni. After that, many people started buying shares thinking they were investing in the Parle Melody company, but instead they bought shares of Parle Industries, which is actually a waste management company. Parle Industries’ stock had already fallen around 35% in the last 3 months. The company’s shares were continuously declining. But the moment Modi gifted Melody toffee to Meloni, Parle Industries’ stock suddenly hit the upper circuit and jumped nearly 5%. The real Parle Melody company is not even listed on the stock market - it is a private company. This is the power of PM Modi. Just because he gifted Melody toffee, even the shares of a completely different company hit the upper circuit. 😂🔥
#Nifty50 High probability that the 2nd X wave of WXYXZ is completed and now index is moving under final Z leg. As per the probabilities of combinations possible under WXYXZ (see x.com/i/status/20563…), good chance of wave Z being a triangle. #StockMarketIndia #ElliottWave
#Nifty50 High probability that the 2nd X wave of WXYXZ is completed and now index is moving under final Z leg. As per the probabilities of combinations possible under WXYXZ (see x.com/i/status/20563…), good chance of wave Z being a triangle. #StockMarketIndia #ElliottWave
@WaveTattva Sir Ek Beml ka b chart dekhdo.
#Nifty50 Index seems to be forming triple three WXYXZ correction. Pic 1 (possibility 1): • Moving up under B of Z of 2/B Pic 2 (possibility 2): • Moving up under C of X of WXYXZ of 2/B Both possibilities have equal probabilities, with invalidation for both below 22182.
#CrudeOil #BrentOil So far so good! Now making a final descent towards 94.88 and below. God bless the Indian economy amd #Nifty50 after that. Invalidation below 86. #StockMarketIndia #Commodities #ElliottWave
#Nifty50 Index seems to be forming triple three WXYXZ correction. Pic 1 (possibility 1): • Moving up under B of Z of 2/B Pic 2 (possibility 2): • Moving up under C of X of WXYXZ of 2/B Both possibilities have equal probabilities, with invalidation for both below 22182.
#Nifty50 CMP 23380 Short term counts invalidated. Mid term counts are also at a risk of being invalidated. Chances are high that green wave X is over and we are now moving down under green Z. Updated chart at the end of day. #StockMarketIndia
#Nifty50 Application of #ElliottWave with consistency! Can't get better than this! Blue 4 seems over. Price should go up under blue 5 soon. Short term and mid term views pretty clear now. If short term view gets invalidated, mid term view will need revisit. #StockMarketIndia
