Bitcoin – Long-Term View with Elliott Wave StructureBitcoin – Long-Term View with Elliott Wave Structure
Hello traders,
Let’s take a medium- to long-term look at BTC. The broader trend is clearly bullish, but for any uptrend to be sustainable, healthy corrections are necessary. At present, BTC is moving through a corrective phase, identified as wave 4 in the Elliott Wave structure.
To gauge how far this correction may extend before wave 5 begins, we can apply Fibonacci Retracement. Two key levels stand out: 0.618 and 0.5.
At 0.618, we see a strong support zone, but it may not yet be the decisive level for confirming the wave count. If BTC reacts positively here and rallies into wave 5, the Elliott structure remains clean and valid.
At 0.5, the level aligns with an ideal Fibonacci retracement ratio and also shows up as an important structural support on the chart. A break below this could trigger deeper downside, as highlighted by the ascending trendline.
Long-Term Trading Plan
Entry 1: Around Fibonacci 0.618 at 105k
Entry 2: Around Fibonacci 0.5 at 99k
This outlook fits a medium-term plan, but if the second zone (99k) provides a strong reaction, it could also become the base for a longer-term bullish structure.
Stay disciplined, monitor these levels closely, and trade with proper risk management.
What’s your view on BTC’s long-term structure? Share your thoughts in the comments.
Longsetup
Is Gold's Bullish Trend Here to Stay?On the chart, gold has broken through the previous small downtrend channel, opening up new opportunities for a rally. The $3,360 level has become a key support, while the nearest resistance targets are at $3,430 and $3,458. The current price structure shows a clear "break & retest" scenario, with buying momentum dominating as gold stays above key EMA levels.
Supporting News for Gold's Bullish Trend:
The weakening USD, declining U.S. bond yields, rising geopolitical tensions, and the potential for a Fed rate cut have created favorable conditions for gold's upward movement. Fed Chairman Jerome Powell's comments at Jackson Hole signaled that the Fed could ease tightening if the labor market weakens, strongly supporting gold's bullish trend.
Trading Strategy:
Buy on dip around $3,360–$3,365.
Target at $3,430 and $3,458.
Stop-loss below $3,350 to manage risk.
If the Fed maintains its dovish tone and the USD remains weak, gold is likely to continue its upward momentum in the short term, opening the door for higher price levels in September.
Supreme Petrochem Ltd – Possible 5-Wave StructureThe chart is forming a 5-wave pattern. After the Wave (iii) rally and current Wave (iv) correction, the next move could be an upward push into Wave (v).
**This is an educational market outlook, not investment advice. Please consult a SEBI-registered advisor before taking any investment decisions.**
Zydus Lifesciences – Cup and Handle Breakout SetupThe stock has formed a classic Cup and Handle pattern, with a breakout zone around ₹1,010–1,020. A successful breakout above this level indicates bullish continuation, with a projected upside target of around ₹1,235.90 (21.5% potential).
The daily RSI (67.49) and weekly RSI (61.78) are both rising, signaling strong bullish momentum with room for further upside. The MACD also remains in positive territory, reinforcing the bullish trend.
A sustained breakout above ₹1,010–1,020 can be used as an entry point, with an upside target of ₹1,235, while maintaining a stop loss at ₹919 to manage risk below the handle low.
Disclaimer: The information provided in this analysis is for educational and informational purposes only and should not be considered as financial or investment advice.
XAU/USD: Rally Strengthened by News FlowGold remains in a positive stance after the “dovish” signals from the Fed at Jackson Hole, with expectations of a September rate cut gaining traction. As a result, the US Dollar has weakened, providing additional support to XAU/USD.
On the chart, price has rebounded from the 3,313 support zone and is now eyeing the key resistance around 3,405. A decisive break above this level could extend the rally towards 3,440 – an area that has previously attracted heavy selling pressure. On the other hand, any minor pullback would likely be seen as a “buy-the-dip” opportunity within the current uptrend.
With alignment between fundamentals and technicals, XAU/USD is flashing a clear bullish signal, making it favourable for traders to ride the upward momentum.
Bitcoin – Trading Plan Update Bitcoin – Trading Plan Update
Hello traders,
The BTC scenario has played out well, with price reacting strongly at 110.4k and bouncing higher. This level has cleared much of the short-side liquidity, while the H4 candle could not close below the 111.8k support. As a result, long entries around 110k can still be expected to target higher levels, at least towards 115.5k.
The primary focus remains on the long side as long as price does not confirm a sustained bearish move. Long positions will remain valid until price breaks decisively below 110k.
For traders who already closed longs or missed the earlier entry, wait for a retest of the FVG zone near 111.5k. If price reacts higher, fresh longs around 113k can be considered.
Short-term selling opportunities may also appear near 115.5k and 117.2k, where price could face resistance.
My BTC strategies are still aligning well with current price action. That said, this is my personal outlook based on my trading method. Please trade responsibly, stick to your own plan, and manage risk carefully.
What’s your view on BTC right now? Share your thoughts in the comments below.
ACME SOLAR IPO BASEEntry- 300-302
Target- 315, 325, 340
Support- 285
Reason- Acme Solar has given a IPO base breakout. One can take a long here with todays low as a SL. It has given a strong closing above its IPO base high. IPO base breakout trade usually has great win ratio. One can also hold it for 25 to 30 percent returns. Keep Check.
Disclaimer- This is just for educational purpose.
Jai Shree Ram.
Drreddy is forming a diamond pattern Dr. Reddy’s
⚖️ Diamond/symmetrical triangle pattern visible.
✅ EMAs rising on daily, RSI ~60.
🚩 Weekly chart still consolidating → needs close above ₹1280.
🎯 Target zones: ~₹1317
, ₹1359, ₹1400.
🛑 Stop-loss: ₹1255.
Macro tailwinds: weak dollar, lower inflation, stable growth → supportive for emerging markets and defensive/healthcare plays.
Good Support Spotted In Lux Industries LtdLux Industries Ltd is trading near Long-Term Support and Law Of Polarity (LOP). It can undergo any pattern in coming time say triangle, double bottom, wedge or v shape recovery.
Highest volume activity near this zone, RSI is around a small support.
One can have a first mover advantage investing around current level. Stock might see max downside till 1150 in case of market volatility or on some bad news.
LTIMINDTREE Forms Bull Flag: Signs of a Potential Upside Move?The chart of LTIMINDTREE LTD shows a Bull Flag formation, a bullish continuation pattern that typically appears after a strong upward move. The flagpole is represented by the sharp price rally, from 3,800, followed by a downward-sloping consolidation channel forming the flag.
This pattern suggests a potential breakout to the upside, supported by the Fibonacci extension levels projecting targets up to the .618 fib ext. level at ₹6,022. The RSI is near 56.89, indicating moderate strength, while the MACD shows a possible bullish crossover, further reinforcing the bullish outlook. The key support level is around ₹5,000, and a breakout above the flag could signal a resumption of the uptrend.
Disclaimer: The information provided in this analysis is for educational and informational purposes only and should not be considered as financial or investment advice.
Bajaj Finance - Seems to be on SupportCMP 853 on 12.08.25
In the last 15-20 days, the stock price has come down to 853 from 970. Present level may act as support again, as can be seen on the chart.
If it bounces back, it will form a Double bottom pattern.
Stochastic RSI is showing a reversal sign too.
Targets may be 885/915+.
If it sustains below 840-835 levels, the setup will go weak.
The risk-reward ratio is good at this point.
This illustration is for educational and sharing purposes; this should not be taken as a buying or selling recommendation.
All the best.
XAUUSD: Downtrend Under Pressure from Strong USDCurrently, XAUUSD is trading around 3,328.400, with resistance at 3,369.000 and support at 3,313.000. The price is forming a downtrend within a price channel, and if it breaks the support at 3,313.000, it could push the price lower towards the 3,300.000 target. The EMA indicators show that the downward momentum continues, and if the price fails to break through the resistance at 3,369.000, the downtrend will remain in place.
Market Context:
Recent news has caused XAUUSD to drop, mainly due to the recovery of the USD after positive economic signals. Higher-than-expected unemployment claims data strengthened the USD, putting downward pressure on XAUUSD.
Gold Strongly Rebounds: Heading Towards New Targets! The gold market is showing signs of a strong recovery, with several factors supporting an upward trend in the near future.
News supporting the rise of XAUUSD:
FOMC Minutes: A dovish stance from the FOMC weakens the USD, creating favorable conditions for gold to continue rising.
Initial Jobless Claims: Data showing higher-than-expected claims indicates a weaker economy, prompting the Fed to maintain its accommodative policy, which supports gold.
PMI: Weaker PMI data signals a slowdown in production, continuing to weaken the USD and supporting gold's upward trend.
Technical Analysis:
The XAUUSD chart shows gold making a strong recovery from the support at 3,334 USD, with resistance near 3,370 USD. If gold holds above the support level, the likelihood of further gains is very high. The current pattern indicates a sustainable bullish structure with higher highs and lows.
With the alignment of both fundamental and technical factors, XAUUSD is likely to continue rising towards higher targets. The resistance at 3,370 USD is the next level to watch.
BTC Consolidating, Ready to Blast Towards 130K?BTC/USDT is still holding within its uptrend channel , with strong support around 112.3K and key resistance at 123K–125K. After hitting an all-time high near 124.5K, the price pulled back to 112–115K for consolidation, building a base for the next rally.
On the news side, the market is getting strong support as the US officially allows Bitcoin in 401(k) retirement plans and has set up a Strategic Bitcoin Reserve . At the same time, spot Bitcoin ETFs continue to attract massive inflows, pushing total assets above $150 billion in just 18 months. This shows rising institutional confidence, despite short-term corrections.
The preferred scenario now is to look for buy opportunities around 112–115K , targeting a rebound to 123–125K, and if that breaks, the next destination could be 130–135K.
On the flip side, a defensive strategy should be considered if BTC falls below 110K, as this is a crucial level for maintaining the medium-term uptrend.
Gold breaks downtrend channel, next target lower!Gold is currently trading within a clear downtrend channel, marked by lower highs and lower lows. After multiple rejections at the upper boundary of the channel, gold has begun its downward trend towards key support levels.
From a technical standpoint, the recent pullback and structural breakdown indicate that the market may continue its bearish trend. Last week's PPI data showed a 0.9% increase , exceeding expectations, which has strengthened the USD and added pressure on gold. This news reduces expectations for aggressive Fed rate cuts , further strengthening the dollar and diminishing gold's appeal as a safe-haven asset.
Looking at the chart, we can identify key support levels to monitor. The first target is around 3,311.000, with the potential to continue falling to 3,287.800 if price breaks below the near-term support at 3,310.000.
Key Levels:
Resistance: 3,355.700 (Upper boundary of the downtrend channel)
Support: 3,311.000, 3,287.800
Next Target (TP1): 3,311.000
Next Target (TP2): 3,287.800
My Advice:
With the bearish structure on the chart and the pressure from the PPI data, the outlook for gold remains to the downside. I recommend looking for short opportunities near 3,355.700, with stops above resistance and targets at 3,311.000 and 3,287.800.
Kaynes Technology is at a crucial breakout zone:
Setup: Price consolidating within a symmetrical triangle, now testing the upper trendline.
Indicators:
RSI ~58, just entering bullish zone, but not overbought.
MACD turning positive → momentum aligning with trend.
EMAs: 20 & 50 EMA aligned upward; price holding above 6,000.
Levels:
Targets: ₹6846 , ₹7,203, ₹7711
Stoploss: ₹6190
👉 Outlook: Break and sustain above ₹6,500 can trigger fresh momentum towards ₹7,000+. Support at ₹6190 is critical.
Poonawalla Fincorp showing a symmetrical triangle breakout:
Setup: Clear breakout above trendline resistance on daily chart.
Indicators:
RSI at 62 → momentum strong, near overbought but not overheated.
MACD bullish crossover with positive histogram.
EMAs: 20 & 50 EMA slope positive; price sustaining above both.
Levels:
Stoploss: ₹445
Targets: ₹509 immediate, then ₹535
👉 Outlook: Strong bullish bias. Sustaining above ₹473 opens path towards ₹500–506 zone. Support at ₹445.
Effective and Widely Used Trading StrategiesTrend Following Strategy
Definition: Trading according to the market trend, buying when the trend is up and selling when the trend is down.
How to Implement: Use technical analysis tools like Moving Averages (MA), RSI, and MACD to identify the market trend. One simple strategy is to trade long when the price is above the moving average (MA), and trade short when the price is below the MA.
Why it Works: The Forex market often has strong trends, which increases the chances of success.
Reversal Trading Strategy
Definition: Finding trading opportunities when the price shows signs of reversing after a strong trend.
How to Implement: Use indicators like RSI, Stochastic Oscillator, or reversal candlestick patterns (such as Doji, Engulfing) to identify reversal points. When the indicators show overbought or oversold conditions, you can place a sell order (if overbought) or a buy order (if oversold).
Why it Works: The market can reverse sharply after a long trend, offering high-profit opportunities when entering at the right reversal point.
News Trading Strategy
Definition: Trading based on major news events, such as interest rate announcements, GDP reports, or employment data.
How to Implement: You need to monitor economic events such as interest rate announcements, GDP reports, employment data (Non-Farm Payrolls), and inflation indices (CPI) to make trading decisions. Usually, before and after important news, the price will experience significant volatility.
Why it Works: News can cause strong market movements, creating high potential profit opportunities if you predict correctly.
Would you like to learn more about any specific strategy? Please leave a comment below to discuss with us.
EURUSD: Support About to Break, Bearish Trend Continues!EURUSD is currently trading in a clear downward channel. After failing to break the resistance at 1.17200, the price reversed and is now testing support at 1.16000. If this support is broken, the price may continue to decline towards 1.16297 and 1.15500.
The current market structure shows that selling pressure is dominant. If 1.16000 is broken, the bearish trend will continue. Traders should prepare to enter a sell position if this support level is broken, with targets towards lower support levels.
APOLLOHOSP | Swing | Breakout APOLLO HOSPITAL – Elliott Wave Structure + Breakout Opportunity Ahead
Apollo Hospitals is showing a textbook Elliott Wave formation, and we might just be at the beginning of a fresh impulsive rally. If you’re a swing trader or positional investor, this setup is worth keeping a close eye on.
⸻
🧩 Elliott Wave Count Analysis
• The stock is in a larger degree 5-wave move (marked in green). Within that 1-4 completed and wave 5 in progress.
• Within that, we can also see a new 5-wave impulsive structure developing (in blue), and it seems like we just completed Wave (2) of this new leg.
• This means — Wave (3) could be starting now, which is usually the strongest and fastest wave.
⸻
📈 Trade Setup
• Entry Zone: Around ₹7,165–₹7,215
• Stoploss: ₹6,677 (just below recent swing low and invalidation of the current wave count, Around 7-8% )
• Target 1: ₹7,925 (around 10%+ )
• Target 2: ₹8,710 (around 25%)
• Extended Target (Wave 3 Fibonacci Extension): ₹9,167
The targets are based on Fibonacci extension levels from Wave (1) to Wave (2), which typically project the length of Wave (3).
⸻
🔍 Supporting Technicals
✅ Trendline Support
• Price has been respecting a long-term rising trendline since early 2022 — a strong sign of continued bullish momentum.
✅ RSI & Stochastics Turning Up
• RSI is rising but not overbought — suggesting more room for upside.
• Stochastic oscillator is also showing a bullish crossover, confirming early momentum for the next wave up.
⸻
⚠️ Risk Management Note
If price drops below ₹6,677 and breaks the trendline, that would invalidate this Elliott wave count. It’s wise to exit or reduce exposure in that case. This is key to avoid being caught in a deeper corrective phase.
⸻
📝 Summary:
Apollo Hospitals appears to be starting a fresh Wave (3) after completing a healthy correction. With a clean Elliott Wave structure, trendline support, and supportive indicators, the setup looks strong. Risk is clearly defined and the reward potential is high — a good case for a swing position.
⸻
💬 Are you tracking this Wave 3 setup too? Let’s hear your thoughts in the comments below!
Disclaimer:
This analysis is shared for educational and informational purposes only. It is not investment advice or a recommendation. Please consult a SEBI-registered financial advisor before making any investment decisions. The author is not responsible for any losses arising from trading or investing based on this analysis.
XAUUSD: Support Broken? Bearish Trend Continues!XAUUSD is currently trading in a clear downward channel on the H4 timeframe . After failing to break the resistance at 3,360 , the price reversed and is now testing the important support level at 3,320 . This support level has been tested multiple times in the past weeks. If this support is broken, the bearish trend could continue, with the next targets at 3,300 and 3,280.
The market structure remains weak, with lower highs and lower lows , confirming that the selling pressure is dominant. If the price fails to hold the 3,320 support level, the likelihood of further declines towards lower support levels is very high. It’s crucial to closely monitor price action at these support levels.
Stay tuned to market developments and prepare your trading strategy accordingly, as everything is shifting towards a stronger bearish move !






















