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Wave Analysis

SENSEX: INSTITUTIONAL LEVELS FOR 26/03/2025 $Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
BSE:SENSEX
by tony_fx_sm
EURUSD: Downtrend Holds – Eyes on 1.0730EURUSD is currently trading around the 1.078 zone, still holding within a short-term downtrend after being rejected near the key resistance area around 1.084. The Bollinger Bands are narrowing, indicating a potential breakout ahead. If EURUSD fails to break above the upper resistance zone, it is likely to reverse and retest the 0.5–0.618 Fibonacci retracement area on the D1 chart, which lies around 1.0730–1.0660. 🌍 On the news front, the euro is under pressure as Eurozone PMI data came in weaker than expected, while the USD is supported by stable inflation expectations ahead of this week’s Core PCE report. Trade idea: Favor SELL setups if price retraces to the 1.081–1.084 zone and shows rejection. BUY should only be considered if there’s a clear bottoming signal around the 1.072 area.
Short
by Crimon_FX
Tourism Finance Corp - Major Breakout in Progress!TFCI is showing a significant market structure shift on the weekly time frame (WTF) with strong confluence of technical signals! 📊 🔹 Lower Lows to Higher Low Transition: Blue boxes indicate a series of lower lows, reflecting a prior downtrend. The yellow box highlights a higher low, signaling a potential trend reversal! 🔹 Mother Candle Breakout: The purple lines mark the high and low of the mother bar (key range). Price is now breaking out from the upper side of the mother candle, confirming bullish momentum. 🔹 Counter Trendline (CTL) Breakout: The orange line represents the main CTL on the weekly timeframe. Price is successfully breaking out, indicating a potential trend shift to bullish! Comment below your thoughts
NSE:TFCILTDLong
by Averoy_Apoorv_Analysis
Bulls in Control, But Caution RemainsLet’s take a look at today’s gold price movement. Currently, gold is moving steadily around the $3,020 level. The metal hasn’t changed much compared to the same time yesterday, supported by increased demand for safe-haven assets amid concerns about U.S. President Donald Trump’s upcoming tax policy announcement next week. From a technical perspective, gold is stabilizing within a price wedge, and in the short term, it is receiving support at the $2,985 level. With price consolidating near the EMA 34 overhead, XAUUSD maintains a bullish advantage in terms of trend. However, the descending trendline remains unbroken, so a deeper correction toward the dynamic support at EMA 89, which aligns with the buyers' defense zone, could serve as a strong launchpad for bulls to regain dominance. The fact that gold is holding firmly above the key psychological level of $3,000 after a strong rally is a highly encouraging signal. Political and economic risks continue to serve as long-term drivers for gold in the coming sessions.
OANDA:XAUUSD
by Crimon_FX
5
Piramal Pharma Yet to Breakout? | MotherBar + CT + Supply DemandPiramal Pharma Ltd is at a critical juncture! 🚀 The stock is consolidating within a counter trendline (CTL) while respecting the rising trendline support. Key highlights: ✅ Mother Candle Formation - A large weekly candle acting as a range. ✅ Counter Trendline Breakout Watch - Price is still testing resistance, a breakout could trigger momentum. ✅ Demand Zone Support - The highlighted zone could act as a buying area. ✅ Volume Analysis - Increasing volumes hint at potential accumulation. Will this breakout or get rejected? Let’s watch price action carefully! 📊🔥
NSE:PPLPHARMALong
by Averoy_Apoorv_Analysis
GBPUSD Faces Short-Term Selling PressureToday, GBPUSD is trading around the 1.293 level, showing signs of short-term weakness. From a technical standpoint, the trend remains mostly unchanged from previous sessions. Sellers are still in control, and a strong bullish breakout seems unlikely as the U.S. Dollar (USD) continues to benefit from optimistic economic data. The price box is still being defended, and in the short term, a sell strategy is favored. Watch the upper boundary of the range closely for potential entry points. Wishing you all successful trades!
Short
by Crimon_FX
Another heavy weight about to correctICICI Bank CMP 1343 Elliott- the rally is corrective in nature and in my view is complete. Hence a three wave correction should start from here. Trendline- break of the trendline and retest from below is negative. RSI - the stock has reached its previous highs where the oscillator has reached its bear zone. This is a negative sign. Conclusion - I posted how the rally in HDFC bank should not be relied upon. The next highest weightage in Nifty is that of ICICI Bank. This stock is also about to get into correction. Hence my take on another round of correction on Nifty is a high probability.
NSE:ICICIBANK
by singh17vivek
BANKNIFTY : Intraday Trading Levels and Plan for 26-Mar-2025📌 BANKNIFTY Trading Plan – 26-Mar-2025 📊 Current Market Status: BANKNIFTY closed at 51,490.30, witnessing some selling pressure from intraday highs. The structure remains uncertain, with key resistance and support levels dictating tomorrow's action. Let's break down the plan for different opening scenarios. 🔼 Scenario 1: Gap-Up Opening (200+ points) If BANKNIFTY opens above 51,700, we need to assess the momentum before jumping in. A gap-up opening near 51,927 (last intraday resistance) might trigger initial profit booking. ✅ Plan of Action: If prices sustain above 51,927, expect a move towards the profit booking zone at 52,143 – 52,235. A breakout above 52,235 could indicate bullish momentum. If the index rejects 51,927 and starts reversing, a short opportunity can arise, targeting 51,744 → 51,490 as intraday levels. Avoid aggressive longs if price remains within No Trade Zone (51,743 – 51,925). Wait for a decisive move. 🎯 Pro Tip: Avoid chasing the gap-up immediately—let the market settle and confirm strength above resistance before going long. ⚖ Scenario 2: Flat Opening (Within ±200 points) A flat opening around 51,490 means BANKNIFTY is indecisive. Here, it’s crucial to wait for confirmation at key levels. ✅ Plan of Action: Upside case: If the index breaks above 51,744, we could see a retest of 51,927. A strong breakout above this can push towards 52,143 → 52,235. Downside case: A breakdown below 51,490 could trigger selling pressure towards 51,206 – 51,080. Neutral Approach: Avoid trading in the No Trade Zone (51,743 – 51,925) unless a clear breakout occurs. 🎯 Pro Tip: In a flat opening, options traders can look for range-bound strategies like Iron Condors or straddle sells if volatility is low. 🔽 Scenario 3: Gap-Down Opening (200+ points) If BANKNIFTY opens below 51,206, bearish sentiment might dominate, but we must assess support zones. ✅ Plan of Action: If price sustains below 51,206, expect a drop towards 51,080 and 50,904. A further breakdown could trigger heavy selling. If price takes support at 51,206 – 51,259 and rebounds, look for a potential pullback entry with stop-loss below 51,200. Watch for trap setups—if the market opens low but quickly reverses above 51,206, it could be a bear trap leading to a short squeeze. 🎯 Pro Tip: In a gap-down scenario, avoid panic selling; instead, wait for a retest of breakdown levels before entering trades. ⚠️ Risk Management Tips for Options Traders 🔹 Avoid over-leveraging – Trade within your risk capacity and don't go all in. 🔹 Time decay factor – If taking options trades, be mindful of premium decay, especially near expiry. 🔹 Hedge your trades – Use spreads instead of naked options to reduce risk. 🔹 Wait for confirmation – Don't enter trades blindly; wait for price action signals. 📌 Summary & Conclusion 📍 Key Levels to Watch: 🟥 Resistance: 51,744 → 51,927 → 52,143 – 52,235 🟧 No Trade Zone: 51,743 – 51,925 🟦 Support: 51,206 – 51,259 → 51,080 → 50,904 🔸 Bullish Bias: Above 51,927 for targets of 52,143 – 52,235 🔸 Bearish Bias: Below 51,206 for a move towards 51,080 and lower 🔸 Neutral/Range-Bound: If price remains between 51,743 – 51,925 🎯 Final Advice: Follow the levels with discipline. Avoid overtrading in No Trade Zones. Let the first 15-30 minutes settle before taking aggressive trades. 📢 Disclaimer I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please do your research or consult with a financial advisor before making trading decisions. 🚀 Stay updated on live trading levels & setups!
NSE:BANKNIFTYShort
by LiveTradingBox
PERSISTENT : Coming out from the ZONE!Key Observations: Price Action Context: The stock is currently trading at ₹5,306, showing a strong +2.78% intraday move. This price action is occurring within what appears to be an extended retracement zone of the prior swing, suggesting a possible consolidation before continuation. Wave Analysis (Elliott Wave Perspective): Wave C appears to have completed in the ₹3,234 – ₹5,464 zone, which is typically where corrective waves terminate before a new impulsive move begins. The current structure hints at a bullish Wave 5 extension, with a projected completion zone between ₹5,104 – ₹5,229. Key Levels: Support (Demand Zone): ₹5,104 – ₹5,229 Resistance (Profit Targets): ₹6,032 (initial) → ₹6,222 (extended) Invalidation Level: Daily close below ₹5,104 Why This Setup Matters: Legalarity Concept (Consolidation Before Breakout): The stock is forming a legalarity structure, which refers to a period of sideways price action after a strong trend. This often precedes a continuation move if support holds. Momentum Confirmation: Today’s bullish candle (+2.78%) suggests buying interest near the support zone. A decisive break above ₹5,464 (Wave C high) could confirm the next leg up. Risk Management: Since no trade setup is perfect, we must define where we’re wrong. If price closes below ₹5,104, the bullish structure weakens, and traders should reconsider. Trade Plan (Educational Breakdown): Entry Logic: Aggressive Entry: Near current levels (₹5,300 – ₹5,400) with tight stops. Conservative Entry: Wait for a pullback to ₹5,104 – ₹5,229 support zone. Profit Targets: First Target (₹6,032): Partial profit booking level. Second Target (₹6,222): Extended swing high, where resistance may appear. Stop Loss: Daily close below ₹5,104 (invalidates the bullish structure). Risk-Reward Assessment: If entering at ₹5,300 with a stop at ₹5,100: Risk = ₹200 per share Reward (to ₹6,222) = ₹922 per share Risk-Reward Ratio = ~1:4.6 (Favorable for swing trades) Seasonal & Macro Factors: Historical Trends: The stock has shown strength in Sep-Dec (year-end rally tendencies). Current Market Sentiment: A breakout above ₹5,464 could attract momentum buyers. Educational Takeaways: ✅ Always define support/resistance before trading. ✅ Use invalidation levels to manage risk. ✅ Wave analysis helps anticipate where trends may resume. ✅ Risk-reward should justify every trade. Disclaimer: This is educational content, not financial advice. Do your own analysis. #NSE #PERSISTENT #TechnicalAnalysis #SwingTrading #StockMarket How to Use This Analysis: Watch for confirmation above ₹5,464 for higher conviction. Adjust position size based on your risk tolerance. Track price action near targets for exit signals.
NSE:PERSISTENTLong
by LiveTradingBox
Copper updated levels start sell on rise until 925 not break How to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st SL point : 0% is recent top or bottom. Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range Targets : Target T1 : 35.1% to 38.3% Target T3 : 49.1% to 53.2% T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Target T4 : 76.4% to 79.7% Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) . Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
MCX:COPPER1!Short
by EquityCommodityForexJaiprakash
Silver some upside pending sell on rise avoid sell at cmpHow to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st SL point : 0% is recent top or bottom. Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range Targets : Target T1 : 35.1% to 38.3% Target T3 : 49.1% to 53.2% T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Target T4 : 76.4% to 79.7% Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) . Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
MCX:SILVER1!Long
by EquityCommodityForexJaiprakash
ETH - Target 2200 - BullishETH has fallen a lot and taking support and move is bullish in line with BTC move. At these great levels buying, accumulating and investing in ETH is safe and for traders once the fourth wave is complete price is easy to see 2200 for fifth wave. ETH is good buy now. I expect small correction in BTC to complete and rise again or above 88K . Even if BTC correction is bigger ETH may not fall much since it has fallen a lot so its better to long in ETH more than in BTC now.
BINANCE:ETHUSDLong
by venkatfx
Wyckoff Cycle Analysis for Bandhan BankWyckoff Cycle Phases for Bandhan Bank Phase A: Accumulation (219 to 184) Within the ₹219 to ₹184 range as it prepares for the next phase (Phase B). The goal is to establish support at the lower end of this range. Phase B: Testing (184 to 163) Bandhan Bank moves sideways, indicating a period of uncertainty and indecision. A breakout above ₹163 or below ₹163 will lead to the next phase. Phase C: Spring (Shakeout) (167 to 128) The sharp dip to ₹128 represents the shakeout where weak holders are eliminated. After the dip, the price will likely start to recover. Phase D: Mark-Up (128 to 152) Bandhan Bank begins to break out from ₹128 to ₹152, marking the transition to a bullish phase. Look for a continuation above ₹152 Phase E Mark-Up Continuation (133 to 153) The price continues its rise, moving between ₹133 to ₹153, with targets set at ₹185 and ₹209 as the price continues upward. Wyckoff Cycle with BOS at ₹161 for Bandhan Bank Given the Breakout of Structure (BOS) at ₹161, we can project the following: 1. Phase D to E: After ₹161 is broken, we are likely in Phase D (Mark-Up), where the price moves toward the higher targets of ₹185 and ₹209. This break signifies the start of the uptrend continuation from Phase D into Phase E. Key Levels: 2. BOS at ₹161 signals a breakout, entering the Mark-Up phase (Phase D). Target 1: ₹185 (Next resistance level in the mark-up phase). Target 2: ₹209 (Higher target as the mark-up continues). 3. No Trade Zone: The no trade zone between ₹137 to ₹152 signifies the area where price is consolidating, with potential erratic price movements. It is best to wait for a clear breakout above ₹161 for a long position. Disclaimer: This analysis is for educational purposes only. Investors should conduct their own research before making any trading decisions.
NSE:BANDHANBNK
by ALICEBLUE
CHAINLINK IS THE KING🔍 CRYPTO:LINKUSD Technical Analysis – Long-Term Outlook 1. Price Channels LINK is moving within a long-term ascending channel (yellow lines). Support: Lower trendline. Resistance: Upper trendline, rejected at point I. A secondary mid-channel (red) shows consolidation phases. 2. Elliott Wave Structure (Hypothetical) 0: Cycle start. I: First impulse wave peak. II: Correction phase, finding support near Fib zones. LINK may be entering Wave III, signaling a potential breakout. 3. Fibonacci Retracement Measured from 0.126 to 52.736: Key levels: 38.2% (~$5.25) 50.0% (~$2.57) 61.8% (~$1.26) Price bounced from the golden zone (50–61.8%), confirming a potential bottom at Wave II. 4. Long-Term Probabilities Bullish Scenario (70%): Breakout may target $125–$185. Bearish Scenario (30%): Breakdown could revisit $5 or lower. 5. Conclusion LINK is at a critical zone. Break above resistance could trigger a strong rally. Watch for confirmation near $20–25 before long entries.
CRYPTO:LINKUSD
by tithigiau