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MCHI / IndyRelative Comparison Analysis: MCHI vs. INDY (CMP: 1084) On the weekly chart, MCHI appears poised to outperform INDY if it sustains above the 1130–1230 zone. The 1330–1390 region may act as an initial supply zone. Target 1: 1582–1617 (Estimated timeline: ~1 year or more) Target 2 / Next Supply Zone: 2000–2080 A breakout above the supply zone (1330–1390) could materialize within the next 8 months if momentum builds. Suggested Stop Loss: 940 (on a weekly closing basis) This analysis is based on relative strength trends and supply-demand dynamics visible on the long-term chart.
NASDAQ:MCHILong
by SunilDhawan
1
PVR INOX – Symmetrical Triangle Breakout | July 2025📊 PVR INOX – Symmetrical Triangle Breakout | July 2025 A potential breakout setup is forming on both the daily and weekly charts in PVR INOX: 🔹 Structure: Symmetrical triangle on both timeframes, showing price contraction near ₹1040 🔹 Momentum: RSI holding above 50, MACD turning positive 🔹 Volume Spike: Breakout supported by increasing volume 🔹 Sector Rotation: Media & Entertainment sector showing improving relative strength 🔹 Macro Narrative: Theme of rising screen expansion + easing inflation supports business growth --- 📌 Strategy Overview: • Entry on breakout above ₹1040 • Target 1: ₹1080 • Target 2: ₹1126 • Stop-loss: ₹955 (below pattern support) Timeframes Aligned: Weekly: Structure intact with price near resistance Daily: Ready for breakout Hourly: Momentum building near apex --- 🧠 Conclusion: A multi-timeframe setup with technical + narrative alignment. Watch for confirmation with strong candle + above-average volume.
NSE:PVRINOXLong
by Punit190
2
HERO MOTOCORP LTD. ----- Deep AnalysisHERO MOTOCORP Ltd.--- High Probability Reversal Setup based on (Power of 3) concept of ICT Strategies. Timeframe - Daily Current Price -- 4396 Projection -- High Probability Reversal Setup after Manipulation phase. Price Action Overview --- Stock is currently Respecting higher time frame Orderblock just after Accumulating Liquidity in its sideways Range. Orderblock Zone -- 4390-4500 In retailers term, It is rejecting upside Resistance or Orderflow zone of 4380-4500 Levels. Liquidity & POI Zone -- Immediate Liquidity is resting in orderblock zone of 4400-4500 Volume Imbalance --- Downside Unmitigated Liquidity is resting in Volume Imbalance zone of 3800-3920 Levels. RSI --- 1st Divergence observed at bottom From March to April period which showed bullishness and market moved upside. 2nd Divergence observed at Upside from 20 may to Mid july period which now shows bearishness and market likely downside. Final Projection for 2-3 months View ----- Main Target (High Probability) -- Price likely to grab Orderblock Liquidity (4390-4480) to manipulate retailers. -- After rejection and Clear Market structure shift on lower time frame, Entry module will be confirmed. -- From entry Module a Sell position expected towards downside Volume Imbalance zone as marked as Distribution. -- Entry Module --- In the Orderblock zone price levels (4390-4480) -- Target projection --- Volume Imbalance Zone (3850-3930) -- Exit Area --- If stock continue going upside without giving any market sturcutre shift then avoid above 4600. This setup is just reflecting the POWER OF 3 Concepts -- Accumulation >>>>>> Manipulation >>>>>> Distribution. it means that first stock accumulates large liquidity and then gives a fakeout or false breakout before giving huge opposite move. Traders or Investors views or comments are most welcome. [Disclaimer --- This setup is made just for Educational purpose onlu. Dont consider it as any Investment Idea. Consult Your Financial Advisor before any investment.) Regards, Hit_Analyst
NSE:HEROMOTOCOShort
by Hit_Analyst
4
NMDC -long for 15%NMDC Ltd – Weekly Bullish Setup (as of July 19, 2025) 📌 Key Bullish Technical Points 1.Pivot Breakout Price has closed decisively above the key pivot resistance level of ₹70.94, indicating breakout from consolidation. 2.EMA Confluence Break The stock has successfully crossed above both 18-week and 50-week EMAs, confirming a short-to-medium term trend shift. 3.MACD Bullish Crossover (Standard) The MACD (12,26,9) line has crossed above the signal line and moved into positive territory — a textbook bullish trigger. 4.MACD Bullish Crossover (Fast) The faster MACD (3,6,9) is also positive and shows a clear crossover, reinforcing near-term bullish momentum. 5.Volume Confirmation Breakout is accompanied by a surge in weekly volume, adding conviction and validating the breakout. 6.First Higher High Formation This is the first higher high on a weekly basis in several months, suggesting a potential trend reversal and strength. 7.Favorable Risk–Reward Setup Entry: ~₹71.44 Stop-loss: ~₹69.81 (below breakout + EMAs) Target: ~₹82.89 (recent swing high) Risk–Reward Ratio: >3:1 8.Weekly Momentum Turnaround Positive crossovers and price structure on the weekly timeframe suggest a positional uptrend with swing potential. ✅ Summary NMDC Ltd is showing a high-probability breakout above key resistance with confluence from EMAs, MACD, volume, and price structure. This makes it a strong candidate for a bullish positional trade toward ₹82.89.
NSE:NMDCLong
by FrankzMD
2
Survival First, Success LaterThere was once a stone that lay deep in the heart of a flowing river. Every day, the water rushed past it, sometimes gently, sometimes with force. The stone wanted to stay strong, unmoved. It believed that by holding its ground, it could outlast the river. For years, the stone resisted. It didn’t want to change. It believed that strength meant standing still, no matter how hard the current pulled. But slowly, almost without noticing, the stone began to wear down. The river wasn’t trying to destroy it. The water wasn’t cruel. It was simply doing what rivers do - moving, shifting, carving its own path. One day, the stone realised it wasn’t the same shape anymore. It was smoother now, smaller in places. It hadn’t won by resisting. It had survived by adapting. It had learned to let the river shape it without breaking it apart. The stone couldn’t control the river. All it could do was endure without letting itself be shattered. Trading is NOT so different. The market moves like a river. It doesn’t care if you want it to go left or right. It doesn’t reward those who stand rigid against its flow. It rewards those who learn when to hold their ground, when to let go, and how to survive the constant pull of forces bigger than themselves. This is NOT a story about rivers and stones. It’s a story about YOU. About learning to endure without breaking. About understanding that survival comes not from fighting the current, but from learning how to live within it. Much like the stone, every trader begins with the same illusion, that strength means control, that certainty can be conquered with enough knowledge or willpower. But time in the markets teaches you otherwise. It shows you, again and again, that survival isn’t about resisting the flow. It’s about learning to move with it, to protect yourself from the inevitable storms without being broken by them. And so, this is where the real story of trading begins. Trading often appears simple from a distance. You buy, you sell, you make a profit, and then you repeat the process. But anyone who has spent enough time in the markets will tell you the truth. This isn’t a game of certainty. This is a game of survival. The market humbles you early. It doesn’t care how much you know, how brilliant you think you are, or how much confidence you bring. The market doesn’t reward ego; it breaks it down piece by piece. Almost everyone starts with the same mindset. You want to win. You want to make money. You believe you can figure it out if you study hard enough, work smart enough, hustle more than the next person. But eventually, reality steps in. You begin to understand this game isn’t about knowing where the price will go next. It’s about knowing where you will stop, where you will cut a loss, where you will step aside and wait. The traders who survive are not the ones who chase perfection or seek to predict every move. They are the ones who learn how to lose properly - small losses, controlled losses. Losses that don’t bleed into something bigger, mentally or financially. Most people can’t do that. They fight the market. They fight themselves. They refuse to accept small losses, believing they can somehow force a different outcome. Those small losses eventually snowball. Blowups rarely come from one bad trade. They come from ignoring the small signs over and over again. The market isn’t cruel. It’s just indifferent. It’s your responsibility to protect yourself. Good trading isn’t loud. It isn’t exciting. It isn’t full of adrenaline and big calls. Good trading is quiet, repetitive, and frankly, a little boring. It’s built on discipline, not drama. Your job is to manage risk, protect your capital, and let time do its work. There is no holy grail. There is only process. A process you can repeat with a clear head, day after day, year after year, without losing yourself in the noise. Wins will come. Losses will come. Neither defines who you are. What defines you is how you respond. ⦿ Can you stay calm after a red day? ⦿ Can you follow your plan even after a mistake? ⦿ Can you sit on your hands when there’s nothing to do and trust the work you’ve already done? Patience, in the end, is the real edge. Most won’t have it. They’ll bounce between strategies, searching for certainty where none exists. They’ll burn out chasing shortcuts. They’ll forget that progress comes through small, steady steps taken over years, not through chasing big wins. Trading is a mirror. It reflects your fear, your greed, your impatience. It shows you who you really are. Ignore what it reveals and you’ll keep paying for the same lesson until you finally learn it. In the end, this game isn’t about the market. It’s about YOU. ⦿ Learn to protect yourself. ⦿ Learn to sit with boredom. ⦿ Learn to lose well. ⦿ Learn to wait without losing faith. If you can do that, the market has a way of rewarding you in time.
CME:BTC1!Education
by johntradingwick
7
HGS - Rising Wedge Breakout on Volume Spike | Daily Chart📊 HGS – Rising Wedge Breakout on Volume Spike | RSI Above 70 | Fresh Bullish Momentum 📅 Chart Date: July 17, 2025 📍 CMP: ₹613.70 (+10.72%) 📈 Symbol: NSE:HGS | 1D Timeframe 🔍 Technical Analysis Breakdown 🔺 Rising Wedge Breakout Price broke above the upper resistance of a rising wedge pattern. Strong confirmation with a wide bullish candle and volume spike. 📊 Volume Surge Volume: 1.17M against average volume of ~78K Sudden institutional interest or news-based momentum likely behind the move. 📉 RSI (14, close): 73.03 RSI crossed into overbought territory, showing strong bullish momentum but could warrant caution or consolidation soon. 📌 Support & Resistance Levels Breakout Zone: ₹580–₹590 Next Resistance: ₹650+ (gap-fill zone from earlier breakdown) Support: ₹560 (upper trendline of broken wedge) 📌 Key Observations First strong breakout since months of sideways to bullish accumulation. Sustained close above ₹590–₹600 will confirm continuation. Caution if price retraces inside wedge again. 🏁 Trade Setup Entry: On Retest of ₹590–₹600 Target: ₹650 / ₹675 Stoploss: Below ₹560 Risk Level: Moderate (due to overbought RSI) ⚠️ Disclaimer: This is an educational chart setup and not trading advice. Please conduct your own research and risk management. 📣 Follow @PriceAction_Pulse for more such clean breakouts and chart pattern analysis! 🔁 Drop a comment if HGS is on your radar for the next breakout rally 📈
NSE:HGSLong
by PriceAction_Pulse
2
KSOLVES: Upside PotentialThe stock of KSOLVES is currently exhibiting a notable technical setup, with key levels identified on the chart. Support Level: The price has shown consistent buying interest around 311 indicating a strong base. This level has been tested multiple times, confirming its significance. Breakout Level: A potential breakout is observed near 366 . A decisive close above this level, accompanied by increased volume, could signal the beginning of a bullish trend continuation or reversal, depending on the broader context. Resistance Level: The next major resistance is located at 418 , which has historically acted as a ceiling for price movement. A breakout above this level could open the path for further upside momentum. Disclaimer: The information provided in this technical analysis is for informational and educational purposes only and should not be construed as financial or investment advice. It is an interpretation of historical price data and technical indicators. Market dynamics can change, and past performance is not indicative of future results. All trading and investment activities involve substantial risk. Always conduct your own thorough due diligence and consult with a qualified financial advisor before making any investment decisions.
NSE:KSOLVESLong
by NiftyNotion
1
PNC Infra- Inverted Head and Shoulder Pattern1⃣ Pattern Structure & Breakout Development 📈 📐 Pattern Identification : Inverted Head and Shoulder Pattern – a powerful bottom reversal pattern, signaling the end of a prolonged downtrend and readiness for upside expansion. ⏳ Time Taken in Formation : The pattern matured over 7 months (from December 2024 to July 2025). This is an ideal duration on the daily chart, allowing institutional buildup and accumulation phases to complete. 📊 Price Trend Before the Pattern: The stock had been in a downtrend, falling from ₹410 to a bottom near ₹240. This decline created the structural base for the left shoulder, head, and right shoulder. 📦 Price Movement Inside the Pattern: Left Shoulder: Dec 2024–Jan 2025; shallow decline and mild recovery. Head: Mar 2025; price dropped to the lowest point near ₹240 with sharp volatility. Right Shoulder: May–July 2025; a higher low formation, tight consolidation, and buildup under neckline resistance – ideal structural behavior before breakout. 🚀 Breakout Zone & Behavior : The neckline near ₹312 has now been decisively broken with a strong bullish candle closing at ₹330.50, confirming a clean breakout with momentum. 2⃣ Volume Behavior & Breakout Validity 🔍 📉 Volume During the Pattern : During the body of the pattern (especially March to May), volume remained below average, indicating supply exhaustion and absorption from stronger hands. 📈 Volume Before the Breakout: Noticeable volume rise in the right shoulder phase, suggesting institutional entry ahead of breakout — a positive preparatory signal. 💥 Volume on Breakout Candle: Today’s breakout came with 2.2M shares traded, one of the highest volume bars in the last 3 months — a key confirmation of genuine breakout strength. 🔮 Volume After Breakout – What to Expect: Sustained high volume in the next 2–3 days will help validate follow-through. If volume contracts but price holds above ₹312–₹315, a healthy retest may offer secondary entry. 3⃣ Candlestick Dynamics & Trap Awareness 🕯️ 🔥 Candles Formed Before Breakout: Price showed gradual higher lows, small-bodied candles, and a tight range under resistance — classic signs of energy buildup before breakout. 💎 Breakout Candle Characteristics: Today's candle is a bullish marubozu — full body, minimal wick, closing near day’s high. This reflects strong buyer conviction and zero rejection at breakout point. ⚠️ Impact of the Breakout Candle: A textbook breakout — no signs of trap or exhaustion. However, traders must monitor whether price sustains above ₹312–₹315 in the coming sessions. 4⃣ Trade Setup – Entry, Exit & Risk Strategy 🛍️ 🛡️ Safe Entry: Enter on retest near ₹315–₹318 with bullish candle confirmation — allows entry with structure-based stop-loss. ⚡ Aggressive Entry: Enter at current levels (₹330.50) on strength, with a tight stop below breakout zone. 🎯 Target Zones (Measured Move): Pattern Height: ₹312 (neckline) – ₹240 (head) = ₹72 Target 1: ₹312 + ₹72 = ₹384 Target 2: ₹410 (previous supply zone and gap resistance) 🚩 Stop-loss Placement : Safe: SL below breakout zone ~₹308 Aggressive: SL near swing low ~₹315 ⚖️ Risk**:Reward**** Planning:** Safe: Entry ₹318 / SL ₹308 / Target ₹384 → R**:R**** ≈ 1:6.6** Aggressive: Entry ₹330.50 / SL ₹315 / Target ₹384 → R**:R**** ≈ 1:3.6** 5⃣ SEBI Disclosure – Educational Purpose Only 📜 “This report is for educational purposes only and does not offer investment advice. Mr. Chartist (Rohit Singh) is a SEBI Registered Research Analyst under the Investology (INH000012376). Please consult a SEBI-registered advisor before taking any investment decisions. All investments carry risk. Past performance is not a guarantee of future results.”
NSE:PNCINFRALong
by Mr_Chartist_
3
PATANJALI - OPTIONS TRADE SETUPPATANJALI OPTIONS TRADE SETUP – 17 JULY Spot: ₹1859.6 Trend: Bullish Volatility: Moderate IV rise (38–41%) Lot Size: 300 ________________________________________ 1. Bullish Trade (Naked options as per trend) Best CE: Buy 1860 CE @ ₹59.45 Why: Strong continuation signal with rising OI and price, heavy volume, and ideal gamma/vega mix for price moves. ________________________________________ 2. Contrarian Trade (Naked options against trend) Best PE: Buy 1800 PE @ ₹31.3 Why: Defensive Put play with unusually high activity and rising IV → could work as hedge if breakdown begins below ₹1840. ________________________________________ 3. Strategy Trade (As per trend + OI data) Strategy: Bull Call Spread → Buy 1860 CE / Sell 1920 CE Net Debit: ₹59.45 - ₹35.5 = ₹23.95 Max Profit: ₹60 - ₹23.95 = ₹36.05 Max Loss: ₹23.95 Risk:Reward ≈ 1:1.5 Lot Size: 300 Total Risk: ₹7,185 Max Profit: ₹10,815 Why: • Massive Long Buildup in CE chain (1820 to 1960), with 1860 CE leading in volume and OI surge • 1860–1920 spread captures ideal move zone before resistance at 1960 • IVs rising moderately → favors debit spread entry • PE chain showing Short Buildup, especially at 1800/1840/1880 → downside bets getting squeezed • Balanced risk with great R:R (1:1.5) near breakout zone — clean bullish continuation setup ________________________________________ 📘 My Trading Setup Rules Avoid Gap Plays → Check pre-open price action to avoid trades influenced by gap-ups/gap-downs. Breakout Entry Only → Enter trades only if price breaks previous day’s High (for bullish trades) or Low (for bearish trades). Watch Volume for Confirmation → Monitor volume closely. No volume = No trade. Enter on Strong Candle + Volume → Execute the trade only if a strong candle appears with increasing volume in the direction of the trade. Defined Risk:Reward Only → Take trades only if R:R is favorable (ideally ≥ 1:2). Premium Disclaimer → Option premiums shown are based on EOD prices — real-time premiums may vary during execution. Time Frame Preference → Trade with your preferred time frame — this strategy works across intraday or positional setups. ________________________________________ ⚠ Disclaimer (Please Read): • These Trades are shared for educational purposes only and is not investment advice. • I am not a SEBI-registered advisor. • The information provided here is based on personal market observation. • No buy/sell recommendations are being made. • Please do your own research or consult a registered financial advisor before making any trading decisions. • Trading involves risk. Always use proper risk management. I am not responsible for trading decisions based on this post. ________________________________________
NSE:PATANJALI
by simpletradewithpatience
2
#Advait | Parabolic Setup Reloaded? Retesting All-Time Highs🔍 #OnRadar #Advait (Advait Energy Transitions Ltd.) CMP: 2,087 Technical View (Educational Purpose Only): Stock is once again showing signs of a #ParabolicMove in progress. Earlier, it broke out from #Base1 at 431.80 and rallied to 2,260 — a remarkable ~400% move in just 8 months . Now, after forming #Base2 , the stock is heading back toward the all-time high zone of 2,260 . A monthly close above this level could act as a key technical trigger. 🧐 Will the parabolic momentum resume? Worth watching closely. ⚠️ This is not a buy/sell recommendation. Please consult your financial advisor before making any investment decisions. This post is purely for educational and observational purposes. #TechnicalAnalysis | #PriceAction | #ParabolicMove | #LongTerm
BSE:ADVAITLong
by Stocks_Mario
4
ANANTRAJ Price Action ## Current Price & Performance - Last close was ₹607.20. - Over the past week, the stock is up more than 10%, showing strong short-term momentum. - Over the past year, it has gained nearly 25%, but suffered a sharp 32% drawdown over six months. - The 52-week price ranged from ₹376.15 to ₹947.90, reflecting high volatility. ## Valuation and Metrics - ANANTRAJ trades at a high valuation, with price-to-earnings and price-to-book ratios above typical industry averages. - Its market capitalization puts it among the stronger players in the real estate sector. - Key valuation multiples such as PE and EV/EBITDA are elevated, indicating investors are paying a premium for expected growth. - The stock’s PEG ratio suggests its growth is reasonably in line with its price. ## Analyst Sentiment and Targets - Most analysts rate the stock as a strong buy, highlighting strong upside potential with target prices higher than the current market price. - The consensus one-year price targets suggest potential returns ranging between 24% and 49% from current levels. ## Technical & Fundamental Observations - Compared to sector peers, its PE is lower than certain high-flyers but remains above the overall industry average, making it expensive by historical standards. - Return on equity has hovered around 8.5% recently, with efficient operating and employee costs supporting margins. - A modest dividend has recently been declared. - A slight increase in promoter holding indicates management confidence. ## Risk Factors - Substantial volatility in recent months may raise concerns for risk-averse investors. - Both intrinsic value models and relative measures suggest the shares may be overvalued by over 20% at current prices. - While momentum and sentiment are positive, valuation risk remains a key factor for new investors. ## Conclusion ANANTRAJ is benefiting from strong momentum and positive sentiment, with analysts forecasting further upside. However, current valuation levels are high, and investors should carefully weigh the potential for price appreciation against the risk of overvaluation and ongoing volatility. Consider both the fundamental strengths and the elevated price multiples before making an investment decision.
NSE:ANANTRAJLong
by KamalKJoshi
2
CYIENT- Flag SetupWe all know that price generally moves in two phases- Contraction and Expansion. Setups like rectangle, Flag or Triangles generally represent contraction. The stock squeezes in these narrow setups and then jumps on to the next phase that is Expansion. Expansions are generally strong impulsive moves in the direction of the most recent trend in the background. CYIENT has been consolidating in a narrow range of almost 100 points- structurally known as Flag in technical analysis terms (see chart). This is contraction and the possible next phase could be an Expansion. This hypothesis can be further confirmed by two more facts. 🚀The stock has been taking support near October 2021 highs. A previous resistance zone has the tendency to act as a support, and it is acting like one. The stock moved from almost 1100 to around 1400 (rounded) and now consolidating for a further move, 🚀Secondly, the Relative Strength Index has been showing divergence. Which means that as the stock was making lower lows in April, the RSI was having higher lows. This positive divergence is good and often leads to a rally or reversal in stocks. In this backdrop, I am expecting a break of Flag on the upside and a rally to its immediate breakdown area, that is 1650. Since the stock is still in an overall bearish structure, we can't expect new highs anytime sooner. The stoploss for such trades go underneath the Flag. This is not a recommendation. Please apply you due diligence or consult your financial advisor. Do like/comment for more ideas in future. Regards.
NSE:CYIENTLong
by Bravetotrade
5
Nifty July Iron Condor Strategy – Premiums are Still Attractive!Hello Traders! After a strong April, May and June where all three our option writing strategies gave full profits, we are back again with the July edition. Market is respecting the range beautifully, and we are again going with a non-directional Iron Condor setup. Let’s walk through the logic and setup, based on the recent chart and market behaviour. Why This Strategy Now? (Based on Chart Analysis) Resistance Zone: 25,667–26,267 (two-layer zone, minor and major resistance) Support Zone: 24,240–24,892 (50-DEMA tested, strong support) Nifty is hovering inside the range – no clear trend, perfect for sideways strategy MACD has given bearish crossover – adds pressure on upside Strategy Setup (Iron Condor – 31st July Monthly Expiry) Sell 24900 PE (2 lots) Buy 24500 PE (2 lots) Sell 25500 CE (2 lots) Buy 25800 CE (2 lots) Payoff Graph for Strategy: Why This Works (Logic + Technical View) Strategy revolves around the 24,750–25,650 zone where Nifty is stuck Support well aligned to 50-DEMA at 24,892 and 24,240 (intermediate support) Volatility is neutral, data is range-bound – ideal environment for iron condor writers No major events or newsflow – market likely to stay inside band Risk Management & Exit Points Exit if Nifty gives a clean breakout above 25,700 or breakdown below 24,250 If strategy gives 40–50% max profit early, consider booking Always keep an eye on VIX and OI buildup for major trend shifts Rahul's Tip This strategy has worked beautifully for last 3 months. If you’ve been with me, you know how well Iron Condors can work when market ranges. So we ride the same logic again, until the breakout comes. Once again – this is a low risk, range-bound iron condor setup with good risk-to-reward. Have you ever tried a short iron condor on NIFTY? What was your experience? Drop your thoughts below! If you liked this post, don’t forget to LIKE and FOLLOW! Regular updates coming with chart tracking, P&L changes and smart exits. Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions.
NSE:NIFTY
by TraderRahulPal
2
HEROMOTOCO – Wave 5 Setup Unfolding After Ideal Wave 4 📘 HERO MOTOCORP – Wave 5 Setup from Textbook Elliott Structure Timeframe: Weekly Structure: Impulsive (1–2–3–4 complete) → Preparing for Wave 5 Type: Positional Swing Setup | Elliott Wave Based 🔍 1. Elliott Wave Structure Breakdown: Wave 1: ₹1,475 to ₹3,629 Wave 2: Retraced to ₹2,146.85 (between 50%–78.6% Fib of Wave 1) Wave 3: Impulse to ₹6,246.25 Wave 4: Currently correcting between 38.2%–61.8% Fib of Wave 3 (₹4,680–₹3,712) ✅ Price found support near ₹3,344, which is just below 61.8% retracement – a common zone for Wave 4 completion. 🟫 2. Wave 4 Support Zone – ₹3,712 to ₹3,344: This zone is acting as a potential reversal base with: Fib retracement confluence: 38.2%–61.8% of Wave 3 Failed breakdown attempts followed by recovery candles CHoCH observed in lower timeframes – suggests momentum shift 🟩 3. Breakout Confirmation Level – ₹4,680: Breaking above ₹4,680–₹4,800 range would confirm Wave 5 activation Indicates structure validation + bullish resumption Close above this zone = strength & momentum breakout 📈 4. Wave 5 Target Projection – ₹6,595 to ₹7,019: Calculated using: 113%–127% Fibonacci extension of Wave 3 Historical rally symmetry from Wave 1 and 3 Target zone offers positional upside potential of ~55%+ 🛑 5. Stop Loss & Invalidation Level: SL Zone: ₹3,344 Sustained breakdown below this invalidates Wave 4 base Can lead to sharp drop toward ₹2,600–2,900 (next Fib cluster) ✅ 6. Trade Plan (Swing): Accumulation Zone: ₹3,700 – ₹4,300 (if support structure holds) Breakout Entry: Close above ₹4,680–4,800 Stop Loss: ₹3,344 Target: ₹6,595–7,019 (Wave 5 zone) 🧠 7. Why This Setup Matters: Elliott Wave Confluence: Clean 1–2–3–4 formation Textbook Fib Behavior: Wave 2 and Wave 4 within ideal retracement ranges Defined R:R Structure: Tight invalidation + 1:2+ reward Momentum Setup: Wave 5 can unfold rapidly once confirmed 📌 Conclusion: HERO MOTOCORP is poised for a potential Wave 5 rally after a well-behaved corrective Wave 4. A breakout above ₹4,680 could trigger bullish continuation toward ₹7,000+. This is a classic trend continuation setup for wave-based swing traders.
NSE:HEROMOTOCOLong
by LiveTradingBox
6