BECTORFOOD - Long Set Up at WAVE C completion zone\ 🛑 MRS BECTORS FOOD (NSE: BECTORFOOD) - Daily Chart Analysis\
\ 📍 Setup:\
Classic \ ABC corrective structure\ likely completed.
📉 Wave (A) → ⚡ Retracement (B) → 📉 Final leg (C) into a \ high-probability support zone\ .
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\ 🟩 Wave C Completion Zone: ₹1326 – ₹1362\
• Price entered and respected this \ key demand zone\ .
• Previously acted as a strong support + rejection area.
• Now showing early signs of accumulation — possible bottom formation.
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\ 📈 Long Trade Idea\
\ \ Entry Zone\ : ₹1326 – ₹1365
\ \ Stop Loss\ : Day close below \ ₹1313.90\
\ \ Target 1\ : ₹1500
\ \ Target 2\ : ₹1742
\ \ Risk-Reward\ : \~1:3+
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\ ⚠️ Invalidation Scenario\
• \ Close below ₹1313.90\ will invalidate the bullish structure.
• Price may then drift toward \ ₹1071\ — opening bearish continuation possibility.
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\ 🧠 Trade Notes\
• Wait for \ bullish candle or strong volume\ confirmation near the zone.
• Zone has proven history of \ strong rejections\ .
• Good setup for \ swing trades\ with risk-defined entry.
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\ 📌 Summary:\
Wave C likely completed — positioned for a bounce.
\ Risk-defined long\ setup with significant upside potential.
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🔔 Like this setup? \ Follow for more real-time Elliott Wave ideas!\
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\ Disclaimer:\ Not SEBI Registered. For \ educational purposes only\ . Please do your own research before investing.
