BhartiyNiveshak (BN Ka Parivar)

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Elliot wave is extension of Dow theory.

False or true?


False.

Here are the reasons:

-of Dow theory.

False or tr
-t wave is extenswas developed by Charles Dow and further refined by William Hamilton and Robert Rhea in the early 20th century. It forms the basis for technical analysis of financial markets, focusing on price movements, trends, and phases of the market (like accumulation, public participation, and distribution phases).

- Elliott Wave Theory was developed by Ralph Nelson Elliott in the 1930s. It's based on the idea that markets follow predictable, repetitive patterns or "waves," which are influenced by investor psychology and external factors. These waves are fractal in nature, meaning similar patterns occur on different time scales.

- Core Concepts:
- Dow Theory primarily deals with the trends and their classifications (primary, secondary, and minor trends), and it includes principles like "the averages must confirm each other," "volume must confirm the trend," etc. It's more about the identification of the market's directional movement.

- Elliott Wave Theory posits that the market moves in a series of five waves in the direction of the main trend (impulse waves) followed by three corrective waves (corrective waves). It delves deeply into the psychology of market participants and the wave patterns themselves, which are not part of Dow Theory.

- Purpose and Application:
- While both theories aim to analyze and predict market movements, they approach this goal from different angles. Dow Theory is more about understanding the current state of the market in terms of trends.

- Elliott Wave Theory attempts to predict future market moves by identifying specific wave patterns and their place within larger patterns, making it more predictive in its ambition.

- Relationship:
- While Elliott Wave can be seen as building upon some principles of market observation that are also touched upon in Dow Theory (like the idea that market movements can be predictable), it is not an extension in the sense of directly deriving from or expanding solely upon Dow's principles. Instead, Elliott developed a unique, standalone framework that incorporates elements of cycle theory, Fibonacci ratios, and pattern recognition.

Therefore, while there might be some conceptual overlaps, especially in the broader sense of technical analysis, Elliott Wave Theory is distinct and not merely an extension of Dow Theory. They are two separate analytical tools within the realm of technical analysis.

Ashwini Bhatia, Whole-time Member, SEBI

- F&O CANNOT BE A NATIONAL PASTIME

- India has largest volume of F&O globally, this is a crown we should not wear

- Investors should make serious investment and contribute in wealth creation

- Working on a discussion paper on SME IPO, should be out soon

- Not comfortable with what's going on in SME IPO space

It is as if India is into nuclear war situation with some other country. That is how our market has been behaving.

Above 1878 ...should do well intraday

Bahne de mujhe bahne de ...bol raha hai Hyundai Motors stock

Jo sabko aur asani se mil raha ho wo ...chahiye ?

Hyundai India

• Lists at Rs 1,934 on NSE at a discount of 1.3%

• Lists at Rs 1,931 on BSE at a discount of 1.5%

Adani acquires Orient Cement at Rs 8,100 crore

Ambuja to acquire Orient Cement promoter holding of 38% at Rs 395.4 - premium of 12%

Ambuja to make open offer to acquire 26% of public shareholding at Rs 395.4

Today's result list - https://x.com/BhartiyNiveshak/status/1848542129993486766

Which cracker do you like from this if there are crackers at all.

"INDIGOPNTS #INDIGOPNTS 7453Cr 1564

Only if you have patience to give it few quarters. Rest study on you."

"Choosing what to pursue is more important than choosing how to pursue it. Make sure you’re facing the right direction before you start running."

#TATAINVEST TATAINVEST 7046

One video a day and in 20 days you become better than 89.10% folks active in the market

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Once video is done leave a comment to register it.

E2E #E2E

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Blockbuster numbers declared

https://x.com/BhartiyNiveshak/status/1848378059365462140

True?

VIVIANA which is into transmission and maintenance of power stations has forayed into transformer manufacturing too.

"A man can be himself only so long as he is alone; and if he does not love solitude, he will not love freedom; for it is only when he is alone that he is really free."

— Arthur Schopenhauer