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ZENTEC: Wave 4 Correction Complete – Ready for the Next wave?ZEN TECHNOLOGIES LTD (NSE: ZENTEC) – Daily Chart Analysis 🚀 Elliott Wave Structure | Fibonacci Retracement | Swing Targets 1. Why This Setup? 🤔 ZEN Technologies is showing a classic Elliott Wave structure, and the recent price action suggests a high-probability bullish reversal. Here’s why: Wave 4 Correction Completed: The stock has retraced between the 38.2% (₹1,899) and 61.8% (₹1,671) Fibonacci levels of Wave 3, which is a textbook correction zone for Wave 4. ABC Pattern: The correction unfolded as an ABC pattern, with the (C) leg finding support in the golden fib zone. Change of Character (CHoCH): Multiple CHoCH points on the chart indicate a shift from bearish to bullish sentiment, suggesting that sellers are exhausted and buyers are stepping in. 🟢 2. Key Levels & Trade Plan 📊 Current Price: ₹1,880 Support Zone: ₹1,899–₹1,671 (38.2%–61.8% retracement of Wave 3) 🟢 First Swing Target Zone: ₹2,487–₹2,658 🟢 Second Target Zone: ₹2,849–₹3,085 (113%–127% extension of last major swing) 🟢 Why these targets? The first target zone aligns with the projected completion of Wave 5, based on previous impulse waves. The second target zone is calculated using the 113%–127% Fibonacci extension of the last major swing, a common area for extended moves in strong trends. 3. Risk Management 🛡️ Entry: Accumulate near current levels or on dips into the support zone. 🟢 Stop Loss: Daily close below ₹1,670 (61.8% retracement) to protect capital. 🔴 Targets: 1️⃣ First Target: ₹2,487–₹2,658 🟢 2️⃣ Second Target: ₹2,849–₹3,085 🟢 4. Technical Summary & Cautions 🟠 The completion of Wave 4 correction sets the stage for a potential Wave 5 rally . Bullish momentum is likely to pick up above ₹1,900, with strong upside potential towards the target zones. Caution: If price closes below ₹1,670 on a daily basis, the bullish setup is invalidated and further downside is possible. 🟠 Watch for confirmation candles and volume spikes for added conviction! 📈 Conclusion: ZEN Technologies is offering a high-probability swing setup after a healthy correction. The risk/reward is attractive for positional traders, provided stops are respected. The technicals suggest a new uptrend could be starting, with clear targets and a logical stop loss. 🟢 Like & Follow for more setups! 👍✨ #ZENTEC #ElliottWave #SwingTrade #TechnicalAnalysis #TradingView #Stocks #NSE #Fibonacci #Breakout #StockMarket 🚀
NSE:ZENTECLong
by LiveTradingBox
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
HILTON : Reversal confirmed? ## 📘 \ HILTON METAL FORGING – Potential Reversal Setup Based on Elliott Wave Completion\ \ Timeframe:\ Daily \ Structure:\ Completed 5-Wave Impulse (Bearish) → Recovery in Progress \ Type:\ Swing Trade Setup | Wave Theory Based --- ### 🔍 \ 1. Context and Background:\ HILTON has completed a \ five-wave impulsive decline\ from highs of \~₹190 to a bottom near ₹50, signaling the end of a strong downtrend. According to \ Elliott Wave Principles\ , after a completed 5-wave impulse, a corrective \ ABC structure\ (retracement) generally follows. Current chart indicates that \ Wave 5 is complete\ and recovery is underway in the form of Wave A → B → C. --- ### 🔢 \ 2. Wave Count Overview:\ * \ Wave 1:\ Initial sharp decline * \ Wave 2:\ Pullback to previous support * \ Wave 3:\ Extended and steep fall * \ Wave 4:\ Retracement to 50%-61.8% Fib zone (₹119.99–₹130.94) * \ Wave 5:\ Final sell-off completing around ₹50–52 zone with capitulation \ Note:\ Volume on Wave 5 bottom shows signs of exhaustion and early accumulation. --- ### 🧩 \ 3. Current Structure – Recovery Begins:\ * The chart marks the \ first rally without volume\ (Wave A) * Followed by a correction forming \ Wave B (intermediate zone: ₹58–67)\ * Now tracking potential for Wave C upside, targeting key retracement zones --- ### 🎯 \ 4. Trade Levels and Projections:\ * \ Entry Zone:\ ₹58–67 (Wave B demand zone) * \ First Target:\ ₹56–62 (gap-fill and prior resistance – conservative swing) * \ Second Target:\ ₹132–142 (Extended retracement of Wave 4) – for positional traders * \ Stop Loss:\ Below ₹56 (especially if the recovery wave fails or structure breaks) --- ### 🔍 \ 5. Technical Confluences:\ * \ Wave 4 retracement zone:\ ₹119.99–130.94 = 50–61.8% of Wave 3 * \ Extended retracement target:\ ₹132–142 (potential C-wave projection) * \ Volume Analysis:\ Low volume rally followed by corrective dip shows early signs of base building --- ### ✅ \ 6. Strategic Notes:\ * \ This setup is ideal for swing or short-term positional traders\ aiming for 1:2+ RR * Structure aligns with post-impulsive recovery behavior as per Elliott Wave * \ Low-risk accumulation\ possible near ₹58–62 with defined SL * Best trades come from structure + sentiment shift – both are visible here --- ### 📌 \ Conclusion:\ HILTON METAL appears to have \ completed its 5-wave downtrend\ and is entering a corrective phase. The current \ Wave B zone (₹58–67)\ offers a good risk-managed opportunity to participate in the \ Wave C upside\ toward ₹132–142. Traders must monitor price action and volume closely around the current level and protect downside with a stop below ₹56.
NSE:HILTONLong
by LiveTradingBox
Exide Industries Have A Look Exide Industries Touch All Time High In a Month Of July And Cool Down and following a Trend line After Following The Trendline . The Stock Given Us Breakout Of Trendline . There My Point Of View , The Stock Have A more Potential to Touch Again AllTime High its Move in Percentage 18% Can Move After A Good Pull Back . 52 Week High Magnetic Setup Activate & Give Us Gain Of 17-18% from Breakout . Please Look at In This Chart . Thank You For Giving Time On My Post .
NSE:EXIDEINDLong
by trader_addy
JKIL (Asc Triangle Breakout)J Kumar Infraproject Ltd (JKIL) has formed an Asc triangle pattern on DTF. The stock could head towards 800, 820 in the coming few days. Also, good volumes can be seen on the DTF. Stop loss can be placed at the low of Friday's closing candle which is 644. Support at 715. Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
NSE:JKILLong
by onkarsoundankar
LONG setup in REC Ltd PSUAn On Neck Chart Pattern Breakout happened on the weekly Time frame of NSE:RECLTD Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned. Stop loss will be on weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- On-Neck Chart Pattern Technical Indicator :- Positive MACD Crossover
NSE:RECLTD
by raigvivek
Bullish Flag pattern in SANGHVI MOVERSA Weekly Bullish Flag and Pole pattern is visible on the charts of Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the NSE:SANGHVIMOV MACD gave Positive crossover on Daily chart , Monthly chart and on weekly chart, it is on verge of giving positive breakout So, expecting the momentum to continue. One can look to create a fresh position in the scrip near Rs. 740-760 levels with the stoploss of Rs. 620.55 on weekly closing basis. The 1st target will be 840.10 , 2nd target will be 928.10, 3rd target will be 1008.20, 4th target will be 1096.65 and fifth target will be 1184.55.
NSE:SANGHVIMOVLong
by raigvivek
Electrosteel Cast: Flag BO on WTF for 15 to 18% TGT an MoreA bullish Flag and Poleon Daily chart of NSE:ELECTCAST is emerged with Very good volume. Long position can be created in the scrip as per the price levels mentioned on the chart. If you agree with the idea then hit the airplane icon and don't forget to follow me to all the latest updates. The Risk Reqard Ration is 1:2.5 or more. Exit the position if the stop loss is triggered on WCB. I AM EAGERLY WAITING FOR YOUR COMMENTS ON THE STUDY... Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:ELECTCASTLong
by raigvivek
1
BIGBULL bReAkOuT A Weekly Bullish Flag and Pole pattern is visible on the charts of NSE:CAPLIPOINT Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful apprication in the NSE:CAPLIPOINT MACD gave Positive crossover on Daily chart and Monthly chart and weekly chart, it is on verge of giving positive breakout So, expecting the momentum to continue. One can look to create a fresh position in the scrip near Rs. 1190 levels with the stoploss of Rs. 1090.45 on weekly closing basis. The 1st target will be 1293.10 , 2nd target will be 1397.10 and 3rd target will be 1499.20.
NSE:CAPLIPOINTLong
by raigvivek