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By tradinglounge · Posted
NTPC – NTPC (1D Chart) Elliott Wave Technical Analysis Function: Larger Trend Higher (Intermediate degree Wave (5), orange) Mode: Motive Structure: Impulse Position:, Minute Wave ((v)) Navy Details: Minute Wave ((v)) Navy, is progressing higher towards 455, within Minor Wave 5 of Intermediate Wave (5) Orange. Alternatively, Wave 5 could be complete around 448-50. Traders may tighten risk to 386. Invalidation point: 386 NTPC Daily Chart Technical Analysis and potential Elliott Wave Counts: NTPC daily chart is suggesting potential termination of Intermediate Wave (5) Orange around 448-50 levels. The stock has pulled back from the above highs and is trading around 430 mark at the time of writing. A break below 386 will confirm a major top in place. NTPC has risen since October 2023 after carving low around 220-25 range, which is marked as Intermediate Wave (4) Orange. Minor Waves 1 through 5 are also looking complete as Wave 2 unfolded as a combination while Wave 4 was a sharp drop to 314 on June 04, 2024. If the above proposed NTPC Elliott Wave counts hold, the stock should stay below 448 and continue lower towards 386 in the near term. Alternatively, Minute Wave ((v)) Navy could push further towards 455-60 range before terminating. NTPC – NTPC (4H Chart) Elliott Wave Technical Analysis Function: Larger Trend Higher (Intermediate degree Wave (5), orange) Mode: Motive Structure: Impulse Position:, Minute Wave ((v)) Navy Details: Minute Wave ((v)) Navy, is progressing higher towards 455, within Minor Wave 5 of Intermediate Wave (5) Orange. Alternatively, Wave 5 could be complete around 448-50, just shy by a few points off the fibonacci 0.619 extension at 455. Invalidation point: 386 NTPC 4H Chart Technical Analysis and potential Elliott Wave Counts: NTPC Elliott Wave counts for 4H is indicating a five wave rally between 314 and 448 levels, terminating Minute Wave ((v)) of Minor Wave 5. If correct, the stock is now underway to break below 386, which is Minute Wave ((iv)) as marked here. Conclusion: NTPC might have carved a major top around 448 as fifth wave terminates at multiple degrees; Minute, Minor and Intermediate. Alternatively, the stock might push through 455-60 highs before reversing lower. Elliott Wave Analyst: Harsh Japee Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
FTSE 100 (UK) Elliott Wave Analysis - Trading Lounge Day Chart FTSE 100 (UK) Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Gray Wave 3 Position: Orange Wave 5 Direction: North Next Higher Degrees: Gray Wave 3 (started) Details: Gray Wave 2 appears completed. Gray Wave 3 is now active. Wave Cancelation Level: 7,920.18 The FTSE 100 Elliott Wave Analysis for the daily chart outlines a bullish trend, showcasing a solid upward market movement. The mode of this movement is impulsive, meaning that the market is advancing with momentum in the direction of the dominant trend. Currently, the wave structure under focus is Gray Wave 3, which is progressing within the larger bullish sequence. At this point, the market is situated in Orange Wave 5, a component of the broader Gray Wave 3. The analysis suggests that Gray Wave 2 has concluded, marking the end of its corrective phase. Now, Gray Wave 3 is actively progressing, signaling continued upward momentum as the market enters the next impulsive stage. According to Elliott Wave Theory, Wave 3 is typically the strongest and most extended within an impulsive trend, suggesting further potential market gains. The next significant movement expected is Gray Wave 3, which adds to the expectation of sustained bullish momentum in the market. The current Orange Wave 5 further supports the notion that the market is in the advanced stages of this bullish push. The key invalidation level to watch is 7,920.18. A market drop below this level would invalidate the current Elliott Wave Analysis, necessitating a reevaluation of both the wave structure and the overall market trend. This invalidation point acts as a crucial marker for confirming the continuation of the upward movement. Summary: The FTSE 100 Elliott Wave Analysis for the daily chart reflects a bullish trend, with Gray Wave 3 and Orange Wave 5 in progress. The market is anticipated to continue its rise, driven by the strong structure of Wave 3. Traders should keep an eye on the invalidation level of 7,920.18 to verify the ongoing bullish trend. FTSE 100 (UK) Elliott Wave Analysis - Trading Lounge Weekly Chart FTSE 100 (UK) Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Orange Wave 5 Position: Navy Blue Wave 3 Next Lower Degrees: Navy Blue Wave 4 Details: Orange Wave 4 appears completed. Orange Wave 5 is now in progress. Wave Cancelation Level: 7,920.18 The FTSE 100 Elliott Wave Analysis for the weekly chart outlines an impulsive trend, indicating a strong upward movement in the market. The focus of this analysis is on the structure of Orange Wave 5, which is part of a larger bullish trend. Currently, the market is positioned in Navy Blue Wave 3, a significant phase in this impulsive trend. The prior phase, Orange Wave 4, is now considered complete, signaling the end of its corrective period. Orange Wave 5 is currently active, pointing to a continuation of the upward movement. According to Elliott Wave Theory, Wave 5 typically marks the final stage of an impulsive structure, indicating that the market might be nearing the end of its current bullish cycle. However, this phase can still deliver substantial upward momentum. Once Navy Blue Wave 3 completes, the next anticipated movement is Navy Blue Wave 4, which is expected to introduce a corrective phase before any further advances. This correction would come after the completion of the ongoing Wave 5, but until that point, the market is expected to continue its rise. The critical invalidation level for this analysis is 7,920.18. If the market dips below this level, the current Elliott Wave structure would become invalid, requiring a reassessment of the wave pattern. This level serves as a critical threshold for confirming the continuation of the upward trend. Summary: The FTSE 100 Elliott Wave Analysis for the weekly chart shows that Orange Wave 5 is currently unfolding, following the completion of Orange Wave 4. The market is positioned in Navy Blue Wave 3, with expectations of further upward movement. The invalidation level of 7,920.18 should be closely monitored to ensure the ongoing bullish trend. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
For the third time in a matter of 6 months, 3 stocks I hold have done a placing and retail offer and for the 3rd time IG are not participating. I contacted support the last 2 times and they said it is their third party that choses to participate or not. I have no doubt it is their 3rd party but when does it become time to look for another 3rd party? The company in this case is MPAC and they did this offer at a 3% discount. They are are 100 Million market cap company. The offer is at 400p and current share price is 25% above that as I write. This feel like the last straw for me but before I start researching other brokers that may suit me better, I was wondering if I have just got really unlucky or if this is a common thing for IG? As I tend to invest in the smaller end of the market, capital raises are common and needs to be part of the thesis. I am otherwise extremely happy with IG but this is a deal breaker so just wondering what other peoples experience is?
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