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Wave Analysis

Best Trading Strategies Used by Traders in Financial Markets1. Trend Following Strategy The trend following strategy is based on the principle that prices tend to move in sustained trends rather than randomly. Traders using this approach attempt to enter trades in the direction of the prevailing trend and ride the movement until signs of reversal appear. Key tools: Moving averages (SMA, EMA), trendlines, MACD, ADX. How it works: Traders identify a strong uptrend or downtrend. For example, in an uptrend, they look for price pullbacks to enter long positions. Conversely, in a downtrend, they short sell during price rallies. Advantages: Works well in trending markets and allows traders to capture significant portions of price moves. Challenges: Can produce false signals in sideways or choppy markets. Patience is required to let trends develop. 2. Swing Trading Swing trading focuses on capturing medium-term price movements, typically lasting from a few days to several weeks. Swing traders aim to profit from price “swings” within a broader trend, combining technical analysis with market sentiment insights. Key tools: Candlestick patterns, support and resistance levels, RSI, Fibonacci retracement. How it works: Traders identify potential reversals at key support or resistance zones and enter trades aligned with the expected swing. For example, after a stock bounces from a support level, a swing trader may go long anticipating a short-term upward movement. Advantages: Less time-intensive than intraday trading; allows participation in significant market moves. Challenges: Overnight risk and exposure to market gaps can affect positions; requires solid risk management. 3. Intraday or Day Trading Day trading involves buying and selling financial instruments within the same trading day. The goal is to profit from short-term price fluctuations while avoiding overnight market risk. Key tools: Real-time charts, volume analysis, VWAP, Bollinger Bands, Level II quotes. How it works: Traders identify high-probability trades based on intraday trends, price patterns, or news. Trades are opened and closed within hours or minutes. Advantages: Immediate results and no overnight risk. Allows traders to capitalize on volatility. Challenges: Requires constant monitoring, discipline, and quick decision-making. Transaction costs and emotional stress can be high. 4. Scalping Strategy Scalping is an ultra-short-term trading strategy aimed at taking advantage of small price movements multiple times during the day. Scalpers execute dozens or even hundreds of trades in a single session. Key tools: Tick charts, Level II data, order flow analysis. How it works: Traders enter positions for just a few seconds or minutes to capture minor price changes. High leverage is often used to amplify small gains. Advantages: Small, frequent profits can accumulate quickly; less exposure to market risk due to short holding periods. Challenges: Demands extreme focus, rapid execution, and low-latency platforms. High transaction costs can reduce profitability. 5. Breakout Strategy Breakout trading seeks to capitalize on price movements when an asset breaks through a key support, resistance, or consolidation range. Breakouts often indicate strong momentum and potential trend continuation. Key tools: Horizontal support/resistance levels, Bollinger Bands, volume indicators. How it works: Traders monitor consolidation zones and place trades when the price breaks above resistance (long) or below support (short). Volume confirmation is crucial to avoid false breakouts. Advantages: Can generate large profits if momentum continues; simple to implement with clear entry and exit rules. Challenges: False breakouts can lead to losses; requires careful position sizing and stop-loss placement. 6. Momentum Trading Momentum traders exploit stocks or assets showing strong directional movement. This strategy assumes that assets with recent strong performance will continue moving in the same direction in the short term. Key tools: RSI, MACD, moving averages, relative volume. How it works: Traders identify securities with increasing volume and price momentum, entering trades in the direction of the trend. Exit decisions are based on signs of weakening momentum or overbought/oversold conditions. Advantages: Profits from strong trends and market sentiment; suitable for volatile markets. Challenges: Momentum can reverse suddenly; risk management is crucial to protect profits. 7. Mean Reversion Strategy Mean reversion is based on the idea that prices tend to revert to their historical average over time. Traders using this approach buy undervalued assets and sell overvalued ones relative to their average price. Key tools: Bollinger Bands, moving averages, RSI. How it works: When the price deviates significantly from its average, traders enter positions expecting a reversal. For example, if a stock price falls far below its 50-day moving average, it may rebound, presenting a buy opportunity. Advantages: Effective in range-bound or sideways markets; helps exploit temporary mispricings. Challenges: Market trends can override mean-reversion signals, causing losses. 8. Position Trading Position trading is a long-term strategy where traders hold positions for weeks, months, or even years, based on fundamental or technical trends. Unlike swing or intraday trading, position trading is less concerned with short-term fluctuations. Key tools: Fundamental analysis, macroeconomic indicators, trendlines, moving averages. How it works: Traders analyze long-term trends, company fundamentals, or macroeconomic data to enter positions with an extended holding period. Stop-losses and risk management are essential to mitigate adverse moves. Advantages: Less time-intensive; profits from long-term trends. Challenges: Requires patience and capital; susceptible to market shocks. 9. Algorithmic or Automated Trading Algorithmic trading uses computer programs to execute trades based on predefined rules and quantitative models. It can include high-frequency trading, arbitrage, and trend-following algorithms. Key tools: Quantitative models, APIs, machine learning, historical data analysis. How it works: Algorithms analyze market data in real-time and execute trades automatically when conditions are met. Parameters such as entry price, stop-loss, and take-profit are predefined. Advantages: Removes emotional bias, ensures fast execution, and can process vast data. Challenges: High technical expertise required; system failures or market anomalies can result in losses. 10. Risk Management Across Strategies Regardless of the strategy, risk management is critical. Techniques include: Stop-loss orders: Automatically exit trades to limit losses. Position sizing: Adjust trade size based on account size and risk tolerance. Diversification: Spread risk across assets, sectors, or instruments. Risk-reward ratio: Target trades where potential profit outweighs potential loss, ideally 2:1 or higher. Psychological discipline: Avoid overtrading, emotional decision-making, or chasing losses. Conclusion There is no single “best” trading strategy suitable for everyone. Success in trading depends on matching a strategy with your personality, time availability, market knowledge, and risk tolerance. Trend-following, swing trading, and breakout strategies suit those who can analyze charts and trends, while day trading and scalping require high focus and rapid decision-making. Momentum and mean-reversion strategies cater to traders exploiting specific market behaviors, whereas position trading and algorithmic trading appeal to those focused on long-term trends or systematic execution. Ultimately, combining a robust trading strategy with disciplined risk management, continuous learning, and psychological control creates the foundation for sustainable trading success. Traders who adapt their approach to changing market conditions and remain consistent in execution tend to outperform those chasing quick wins without a structured plan.
NSE:ICICIBANKEducation
by TechnicalExpress
DLF Trade Setup – Potential Zigzag Correction in PlayDear Trader, DLF appears to be undergoing a bullish correction in the form of an ABC structure. The price action from 30/09/2025 to 29/10/2025 shows a clear 5-wave impulsive move, followed by a 3-wave corrective decline, which aligns well with the characteristics of a Zigzag (5-3-5) pattern. Key observations: - Wave A completed with a strong 5-wave advance. - Wave B is currently retracing and must hold above 738, which is the 61.8% Fibonacci retracement of Wave A, to maintain the Zigzag structure. - A break below 738 would invalidate the Zigzag scenario and suggest a more complex correction. - Stop-loss (SL) is placed at 709, the origin of Wave A. - If the Zigzag holds, we anticipate Wave C to target: - 801 – the 78.6% extension of Wave A - 817 – the 100% extension of Wave A Trade Plan: - Buy DLF above 738 with SL at 709. - Target 1: 801 - Target 2: 817 This setup offers a favorable risk-reward ratio, provided Wave B respects the 61.8% threshold. Monitor price action closely for confirmation. Best regards,
NSE:DLFLong
by ronilshah
Powergrid Elliott Wave Outlook – Targets Ahead 279 to 300Dear Traders, Powergrid has completed an upward move in five waves, followed by a corrective three-wave structure. This setup leaves us with two possible scenarios: - Zigzag correction - Beginning of a new impulse wave However, the correction has retraced more than 61.8% of Wave A. According to Elliott Wave rules, Wave B in a zigzag cannot retrace beyond 61.8% of Wave A. Since this threshold has been exceeded, the structure cannot be classified as a zigzag. and also can not be classified as flat pattern (which is 3-3-5). Regardless of whether this unfolds as a flat correction or the start of a fresh impulse, the outlook remains bullish. Based on wave projections, Powergrid is expected to move upward toward 279 and subsequently 300 as key targets. Stay disciplined and manage risk accordingly.
NSE:POWERGRIDLong
by ronilshah
Part 1 Trading Master ClassHow Put Options Generate Profit A Put Option gives you the right to sell an asset at a fixed strike price. You profit from a put when: Underlying price moves below strike Premium increases because market falls Example: Nifty at 22,000 You buy Put 22,000 PE for ₹100 Market falls to 21,700 Premium rises to ₹210 Your Profit = (210 – 100) × Lot Size Put buyers make money when markets fall, similar to short selling but with limited risk.
Education
by SkyTradingZone
Part 2 Support and Resistance How Call Options Generate Profit A Call Option gives you the right—but not obligation—to buy an asset at a fixed price (strike price). You profit from a call option when: The market price goes above the strike price. The premium increases due to: Price movement Increased volatility Reduced time to expiry near ITM levels Example: Nifty trading at 22,000 You buy Call 22,000 CE at ₹120 Price moves to 22,200 Premium increases to ₹200 Your Profit = (200 – 120) × Lot Size This profit comes without buying the actual index—just the premium appreciation.
NSE:ASIANPAINTEducation
by SkyTradingZone
Longs be cautious in M&MTF: Daily CMP: 3645 The upmove from 2020 lows is at the maturing zone (as we are now trading in the 5th wave) The upmove from April 2025 lows is also at the final leg and this impulse could end soon. In simple price action terms, price has broken down from the sideways range (3660-3780) and the breakdown target for this range is 3540 Price is also trading inside the wedge/leading diagonal, a signature mark of the trend completion. Yet to breakdown from the wedge though. Cloud Set up: Price is above the cloud - Bullish price is at the Base line Support EMA: Price has been constantly bouncing off from 50 DEMA. For now, it is placed at 3600 levels Counts on Weekly TF My Take: Definitely not a place to go long.. but we should wait for a week or two for confirmation of the trend termination and good RR set up for short entry. Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
NSE:M&M
by Murthy_Santhosh
3
UNIONBANK 1 Day Time Frame 📊 Key Price Levels Today Recent closing / last traded price: ~ ₹ 152.9 – ₹ 153. Day’s high / observed swing high: ~ ₹ 160.10 – ₹ 160.15. Day’s low / support area: ~ ₹ 151–152 zone (recent low and current price region). 52‑week high: ~ ₹ 160.15 52‑week low: ~ ₹ 100.81 ✅ What This Means for Traders For short‑term traders: buying near ₹ 152–153 with stop‑loss slightly below could make sense, with a target / resistance zone around ₹ 158–160. If the stock breaks above ₹ 160 with strong volume, bullish momentum may push it higher, but watch for profit‑booking. Risk‑aware traders should note that volatility is present — intraday swings of ₹ 6–8 (or more) are visible, so manage position size accordingly.
NSE:UNIONBANKLong
by Knowledgehub
USDINR – Elliott Wave Outlook (Monthly) - 03-DEC-2025The long-term bullish structure remains intact and the pair is currently progressing within the final leg of Wave V. Price respected structural support and continues to move upward inside the long-term rising channel. Key Support 🔹 83.70 – Major structural support 🔹 Bias remains bullish above 83.70 Upside Targets 🎯 92.77 🎯 94.82 🎯 101.10 (primary Fib + channel target zone for Wave V) Wave & Momentum Structure Wave (4) completed, entering Wave (5) of V RSI holding above key trendline support – bullish continuation setup Macro trend remains strongly upward while above 83.70 Trade Plan / Bias 📌 Expect more upside as long as 83.70 holds 📌 Long-term positional traders can look for opportunities on dips 📌 Watch for reactions near 92.77 – 95 and potential exhaustion near 101 zone Sentiment ⭐ Strong macro trend ⭐ Breakouts on higher timeframe usually lead to large impulsive moves ⭐ Risk/Reward favorable above support Disclaimer Educational Elliott Wave analysis. Not financial advice.
Long
by kacraj
KFINTECH 1 Day Time Frame 📊 Current Snapshot (as of right now) Reported day’s trading‑range so far: ~ ₹ 1,066.70 (low) to ~ ₹ 1,095.00 (high) Opening price: ~ ₹ 1,083.80 Previous close: ~ ₹ 1,083.40 Market‑wide context: 52‑week high ~ ₹ 1,641.35, 52‑week low ~ ₹ 784.15 📌 Key Intraday / Short‑Term Levels (Classic Pivot‑Style) Using the standard pivot‑point formula (Pivot = (High + Low + Close)/3) plus support/resistance calculations. Here’s what that yields roughly for today — with High = 1,095.00, Low = 1,066.70, Close (yesterday) ≈ 1,083.40: Level Approximate Price (₹) Pivot (PP) ~ 1,081.70 Support 1 (S1) ~ 1,068.40 Support 2 (S2) ~ 1,050.40 Resistance 1 (R1) ~ 1,108.90 Resistance 2 (R2) ~ 1,131.00 Interpretation: If the price stays above PP (~1,082) — bullish bias; otherwise, cautious/bearish. S1 (~1,068) may act as “first floor”: if price drops near there and holds, watch for bounce. A break below S2 (~1,050) might lead to deeper correction or volatility. On upside, a strong move above R1 (~1,109) could challenge R2 (~1,131).
NSE:KFINTECHLong
by Knowledgehub
INDIGO 1 Day Time Frame 📌 Latest Price Snapshot & Context On a recent trading day, the stock’s day’s range was ~ ₹ 5,626 – ₹ 5,694. The 52-week range remains ₹ 3,945 – ₹ 6,232.50. Recent closing / quoted prices have been around ₹ 5,900 – ₹ 5,913 (though there are multiple sources — price may fluctuate intraday). 🔄 Daily Pivot & Key Intraday Levels (Standard + Camarilla/Fibonacci from a common pivot-level table) From a recent pivot-level analysis for “daily” timeframe: Level Type / Label Price (Approx, ₹) Pivot (standard daily) ₹ 5,672.33 Support 1 (S1) ₹ 5,634.67 Support 2 (S2) ₹ 5,599.33 Support 3 (S3) ₹ 5,561.67 Resistance 1 (R1) ₹ 5,707.67 Resistance 2 (R2) ₹ 5,745.33 Resistance 3 (R3) ₹ 5,780.67 For “Camarilla” variant on same day: pivot also ₹ 5,672.33, with S- and R- levels slightly tighter: e.g. S1 around ₹ 5,663, R1 around ₹ 5,677. Some alternate analyses cite supports around ₹ 5,733 / ₹ 5,671 / ~₹ 5,579, and resistances ~ ₹ 5,804 / ₹ 5,832 / ~₹ 5,978 depending on timeframe/ method.
NSE:INDIGOLong
by Knowledgehub
Gold H1 – Will 4278–4280 Trigger a Drop Into 4170 Today?🟡 XAUUSD – Intraday Smart Money Plan | by Ryan_TitanTrader (01/12) 📈 Market Context Gold continues its impressive rally as markets price in a potential rate cut by the Federal Reserve (Fed) in December. Spot gold recently surged past $4,230/oz — hitting a multi-week high — as the US Dollar Index (DXY) weakened. The backdrop is increasingly dovish: fading USD strength, soft U.S. macro data, and dovish comments from Fed officials have fueled speculative buying in gold. Technically, gold remains elevated, hovering inside a rising channel — similar to what’s shown on your chart. Price compression following strong displacement suggests a consolidation before the next institutional move. 🔎 Technical Framework – Smart Money Structure (H1) Current state = Accumulation / Distribution within rising channel Liquidity zones & key triggers • Premium liquidity zone (sell-opportunity): ~ 4278–4280 (near upper channel resistance) — aligns with your SELL zone. • Discount liquidity zone (buy-origin / re-entry zone): ~ 4172–4170 (near lower channel support / trendline) — aligns with your BUY zone. • Equilibrium / chop zone: mid-channel / recent consolidation zone — avoid trading blindly here unless structure breaks. Expected Smart Money sequence Sweep → CHoCH/MSS → BOS → Displacement → Retest (FVG/OB) → Expansion Given the macro tailwinds (weak USD, rate-cut odds), gold remains primed for a directional move once structure confirms. 🎯 Trade Plans for Today 🔴 SELL GOLD 4278 – 4280 | SL 4288 • Thesis: A liquidity sweep at channel top / premium zone followed by engineered bearish displacement — capturing liquidity before a reversal. • Entry rules (must wait for confirmation): • Price touches 4280 zone • Bearish CHoCH / MSS + BOS down on M5–M15 • Entry ideally on FVG fill or after order-block retest post-BOS • Targets: 1. 4245 – 4240 area (first reaction) 2. 4225 – 4215 (mid-channel retest) 3. 4175 – 4172 (lower channel + buy zone) 🟢 BUY GOLD 4172 – 4170 | SL 4162 • Thesis: Discount-origin tap near lower channel support / trendline — smart money likely to accumulate for next leg up, especially amid dovish Fed sentiment. • Entry rules (must wait for confirmation): • Price dips into 4170 zone • Bullish CHoCH / MSS + BOS up on M5–M15 • Strong bullish wick + FVG fill or OB retest confirmation • Targets: 1. 4225 – 4230 (first reaction / mid-channel) 2. 4255 – 4265 (upper mid-channel) 3. 4278 – 4280+ (premium liquidity retest) ⚠️ Risk Management & Notes • Avoid trading inside the mid-channel chop zone without structural confirmation — no “blind” entries. • Do not treat sweeps (top or bottom) as trend entries — these are often traps. • Use tight SL (structure invalidation), avoid averaging in consolidation. • Given potential volatility from macro headlines or a USD bounce, consider reducing lot size. Summary Gold is currently riding macro tailwinds — weak USD + Fed rate-cut odds — but from a technical perspective, it’s compressed inside a rising channel. The day’s price action may be a classic Smart Money liquidity hunt: either a sweep at 4278–4280 leading to a sharp drop toward 4170, or a retracement to 4170 that sets up a fresh bull leg. Only trade after structural confirmation (CHoCH / BOS + retest) — avoid “trend-hop” entries. 📍 Follow @Ryan_TitanTrader for daily Smart Money updates.
OANDA:XAUUSDLong
by Ryan_TitanTrader
NIFTY Elliott Wave Analysis – 1H - 03-DEC-2025Price is currently reacting inside the support zone and may be completing Wave (ii) within Wave 3. As long as the support region holds, bullish continuation toward Wave (iii) and beyond remains valid. Key Support Zone 🔹 25,855 – 25,713 🔹 Major support / invalidation: 25,313 Bullish Wave Structure Wave 1 completed, Wave 2 bottomed at 25,313 Current decline is likely forming Wave (ii) pullback Expected rise into Wave (iii) once support holds Target zone for Wave iii = 27,050 – 27,500 Wave 3 larger target = 27,821 – 28,255 / 28,434 / 28,834 Trading Plan 📌 Bullish above 25,855 – buy on dips 🎯 Targets: 26,377 → 26,755 → 27,050 → 27,500 → 27,821+ 🛑 Invalidation only below: 25,713 / major invalidation 25,313 Market Sentiment ⭐ Strong upward channel still intact ⭐ Wave 3 expected to be strongest trending move ⭐ Risk/Reward highly favorable near support Bias Bullish as long as price stays above 25,855–25,713 zone Disclaimer Educational Elliott Wave study. Not investment advice.
NSE:NIFTYLong
by kacraj
Gold 1H – Can 4265 Breakout or Trap Into 4185?🟡 XAUUSD – Intraday Smart Money Plan | by Ryan_TitanTrader (02/12) 📈 Market Context Gold continues its impressive rally as markets price in a potential rate cut by the Federal Reserve in December. Spot gold recently surged — reflecting multi-week highs — as the US Dollar Index (DXY) weakened. The backdrop is increasingly dovish: fading USD strength and rate-cut odds have kept gold bid. From a technical perspective, price sits compressed at the channel top, signaling liquidity plays before the next institutional leg. Macro tone from Powell’s opening remarks on ForexFactory adds volatility fuel. 🔎 Technical Framework – Smart Money Structure (H1) Current state = Accumulation / Distribution within rising channel Liquidity zones & key triggers • Premium liquidity zone (sell-opportunity): ~4265–4267 (upper-edge pool of liquidity) • Discount liquidity zone (buy-origin / re-entry zone): ~4186–4184 (demand liquidity near prior displacement base) • Equilibrium / chop zone: mid-channel compression → no blind trading unless structure validates direction Expected Smart Money sequence Sweep → CHoCH/MSS → BOS → Displacement → FVG/OB Retest → Expansion Gold remains primed for a directional move only after structure confirms intent. 🎯 Trade Plans for Today 🔴 SELL GOLD 4265 – 4267 | SL 4275 • Thesis: Liquidity sweep above equal highs at premium edge, followed by engineered bearish BOS confirming institutional selling intent. • Entry rules (must wait for confirmation): ✔ Price pokes 4266 zone → bearish CHoCH/MSS + BOS down (M5–M15) ✔ Entry on FVG fill or OB retest after BOS validation • Targets: 1. 4245 – 4240 (first reaction) 2. 4225 – 4215 (channel EQ retest) 3. 4186 – 4184 (full delivery into discount) 🟢 BUY GOLD 4186 – 4184 | SL 4176 • Thesis: Discount liquidity tap at institutional base, buy absorption after sweep + bullish BOS signaling new intraday demand. • Entry rules (must wait for confirmation): ✔ Price sweeps 4185 → bullish CHoCH/MSS + BOS up (M5–M15) ✔ Entry on rejection wick + FVG fill or OB retest confirmation • Targets: 4. 4215 5. 4240 6. 4265+ ⚠️ Risk Management & Notes • Avoid trading inside mid-range without CHoCH/BOS validation — sweeps are traps until proven by MSS + BOS. • Use SL for structure invalidation only — no averaging in compression. • Reduce lot size during Powell’s delivery window; macro impulses can run both sides of liquidity fast. 📍 Summary Gold is coiling at highs for liquidity. Either Powell triggers a 4266 sweep → bearish BOS → delivery, or price hunts 4185 discount → bullish BOS → continuation. Trade the structure, not the narrative — wait for CHoCH & BOS + retest to unlock expansion. 📌 Follow @Ryan_TitanTrader for daily Smart Money updates.
OANDA:XAUUSDLong
by Ryan_TitanTrader
VIEW ON ASHOKA BUILDCON BY KRS CHARTSDate - 21st August 2025 / 10:35 AM Why ASHOKA ? 1. All-time Bullish Stock technically making HHs & HLs. 2. Further, Price is already in Fibbo Golden Reversal Zone for quite a few times and showing bullish traits again. 3. I was eagerly waiting for to retrace down little bit for 1D previous gap-up needed to be filled it & it's Done! 4. 1D it is showing Morning Star Candle sticks Cluster s with more green Candles and this week likely to be closing with bullish candle stick. 5. Wave Theory wise we are in 4th Wave last upside 5th is loading. All in All, this is good level to look ASHOKA as a good opportunity 👍✅ Targets and SL are Marked in Chart.
NSE:ASHOKALong
by KRSCharts
Elliott Wave Analysis XAUUSD – December 3, 2025 1. Momentum Analysis D1 – Daily Timeframe Daily momentum is currently turning downward. Looking at the D1 candle, price broke above the (A) high but closed back below it. This can be considered a liquidity sweep. We need to wait for today’s daily close to confirm whether price can close above 4245. With D1 momentum moving down, the market is likely to enter a 4–5 day corrective or sideways phase. ________________________________________ H4 – 4-Hour Timeframe H4 momentum is still rising. Based on its current position, the H4 momentum may need 1–2 more candles to reach the overbought zone. Therefore, I expect price to approach the 4245 resistance, where H4 momentum will likely enter the overbought zone and reverse. ________________________________________ H2 – 2-Hour Timeframe H2 momentum is clustered tightly in the overbought zone → reversal can happen at any moment. ________________________________________ 2. Wave Structure D1 Wave Structure On the D1 chart, an (A)(B)(C) structure of wave X is forming. The technical projection for the upside target is 4329 – 4396. However, current momentum does not support further bullish continuation. According to my trading approach, when uncertainty is high, I always prioritize momentum over wave projection. → Therefore, I treat the daily trend as bearish for now, until momentum shows a clear reversal. “When in doubt, rely on an objective reference point — even if it may be right or wrong.” ________________________________________ H4 Wave Structure On H4, I temporarily label a green 5-wave pattern for easier observation. However, this structure is not confirmed yet, because wave 5 is only valid if price breaks above 4263. At the moment, both scenarios remain possible: • Price may still be in green wave 4, or • Wave X (purple) may already be complete, and price may be developing purple wave Y. Since H4 momentum is still rising and not yet overbought, I expect price to test the 4245 zone. If H4 momentum enters the overbought area and reverses at that zone, it will form a high-probability Sell setup. If price breaks above 4263 while H4 momentum is overbought, we will need to re-evaluate the green 5-wave structure. ________________________________________ H2 Wave Structure On H2, a 5-wave black structure has already completed, followed by a strong decline. Price is now retracing upward. H2 momentum is in the overbought area, which means a reversal can occur at any time. I expect price to reach the 4245 zone for a Sell opportunity. If price fails to reach 4245 and instead drops straight below 4168, then the upper-zone Sell plan will be canceled. ________________________________________ 3. Overall Market Context We are inside a daily corrective wave, meaning multiple scenarios can coexist. This is normal for corrective structures and makes precise forecasting more difficult. → Therefore, trading during this phase requires extra caution and strict risk management to protect the account. ________________________________________ 🎯 Trading Plan Sell Zone: 4244 – 4246 Stop Loss: 4267 TP1: 4184 TP2: 4144 TP3: 4081
OANDA:XAUUSDShort
by WavePoint_FX
KOLTEPATIL - Wave Analysis Educational breakdown based solely on chart structure 🔍 1. Chart Findings & Market Structure The chart shows a clear Elliott Wave progression, where the previous impulse (Primary Wave A) topped near ₹493–524, followed by a corrective ABC decline. ✔ Key Observations Primary Wave A formed an impulsive rally inside a rising channel. The price later broke structure (CHoCH) indicating loss of momentum. Current price (₹377) is trading inside the ABC structure completion zone of ₹371–385, a critical decision area. A deeper correction toward ₹293–308 remains possible if Wave C extends. 🎓 2. Educational Points (Why These Levels Matter) 📘 A. Extended Retracement Zone: 113–128% The chart marks ₹493–524 as the extended retracement area, which often acts as: A wave A termination area Strong reversal zone Liquidity grab region This supports the idea that the major impulse from March–July is complete. 📘 B. Wave B / Wave 2 Retracement A natural correction for Wave B or Wave 2 typically pulls back 50–78% of the previous impulse. This gives the ₹368–294 broad range as the acceptable retracement. 📘 C. Completing Wave C (Corrective ABC) Wave C generally equals Wave A or 1.272–1.618 extension of Wave A. The chart’s projection supports a potential completion: First zone: ₹371–385 (current test) Final zone: ₹293–308 (if extended C-wave unfolds) 📉 3. Current Price Action Insight Price is currently hovering near the ABC structure completion zone (₹371–385). No strong bullish reversal candle is visible yet—indicating buyers are waiting for confirmation. Price remains in a downward corrective structure, but nearing exhaustion. This phase is ideal for planning, not rushing. 🔮 4. Future Prediction Based on Wave Theory Two scenarios emerge: 🟦 Scenario 1: ABC Correction Completes at Current Levels (₹371–385) If the current demand zone holds: Price forms a wave B bottom and begins Primary Wave C upward. Expected targets: 🎯 First Target: ₹461–473 🎯 Final Target: ₹561 (Primary Wave C completion zone) 🟥 Scenario 2: ABC Correction Extends to ₹293–308 If ₹371–385 fails: Market enters the correction wave 5 completion zone (₹293–308). From this demand block, a stronger bullish reversal is expected. Long-term bullish structure remains intact if it stays above ₹284 (stop level). 🛒 5. Buying Strategy (Educated Approach) 🟩 FIRST BUYING RANGE: ₹371–385 (Conservative Entry) Enter only if: Strong bullish candle (engulfing / pin bar / OB reclaim) RSI bullish divergence Price closes above structure high (minor CHoCH) 🟦 SECOND BUYING RANGE: ₹293–308 (High-Value Entry) A deeper correction provides: Lower risk Maximum R:R Stronger probability of reversal Use this zone if the first one fails. ⚖ 6. Risk–Reward Analysis If entering at ₹371–385 Stop-Loss: Below ₹284 (daily close basis) Upside Potential: Up to ₹561 Reward : Risk Ratio: Approx 3.5–4.2 R If entering at ₹293–308 Stop-Loss: Below ₹284 Upside Potential: Up to ₹473–561 Reward : Risk Ratio: Approx 5–7 R (excellent) 🔐 7. Confirmation Strategies for Better Entries Use any two or more of the following: ✔ 1. Market Structure Shift Wait for a CHoCH above the last swing high inside the zone. ✔ 2. Volume Expansion Rising green volume during rebound increases reliability. ✔ 3. Bullish Divergence (RSI or MACD) Signals weakening sellers. ✔ 4. Break & Retest Method Let price break a minor resistance Enter on retest to confirm strength ✔ 5. Demand Zone Reaction Look for: Long tail candles Absorption wicks Order block reclaim These indicate smart money interest. 🧠 8. Summary & View The stock is in the final leg of a correction and is approaching highly reactive Fibonacci zones. Structure favors a bullish wave (Primary Wave C) in the coming months if key support holds. 📌 First confirmation: Bounce from ₹371–385 📌 Strongest bullish case: Reversal from ₹293–308 📌 Invalidation: Close below ₹284 The long setup has strong wave logic, clean levels, and attractive R:R. ⚠️ Disclaimer This analysis is for educational purposes only and reflects wave-structure interpretation based solely on the provided chart. I am not a SEBI-registered analyst. Please conduct your own research or consult your financial advisor before trading or investing.
NSE:KOLTEPATILLong
by LiveTradingBox
ICICI Bank — 200-DMA Rejection Keeps the Downtrend IntactMarket Context ICICI Bank continues to trade inside a broad descending channel that has governed price since the 1500 peak. Every counter-trend rally has been corrective so far, and the recent recovery has shown the same character — overlapping candles, choppy subdivisions, and clear respect for channel resistance. Key Technical Drivers 1. Rejection at the 200-DMA The rally stalled exactly at the 200-Day Moving Average. This is the same zone where price lost momentum earlier, reinforcing that the long-term bias remains downward. A failed attempt to reclaim the 200-DMA in a corrective environment typically signals trend continuation rather than reversal. 2. Channel Resistance Still Untouched Even though momentum carried the stock above short-term levels, the broader upper channel boundary continues to act as the main ceiling. Price behaviour near this level is corrective, not impulsive — another sign that the move is still part of a larger complex structure. 3. Structure Supports a Triple Zigzag (W-X-Y-X-Z) This entire decline is best interpreted as a higher-degree W-X-Y-X-Z correction. W bottomed at 1342.60 X rallied to 1445 Y bottomed at 1317.40 The ongoing rally fits well as the second X wave Wave (c) of this X leg may be close to completion, but the subwaves allow room for a marginal push to retest the channel top before turning lower. Nothing in the current leg looks impulsive enough to suggest a larger trend reversal. Trading Plan Direction: Expect the next leg to unfold downward as Wave Z begins. Target Zone: Break below 1317.40 is likely, with measured support near 1280–1300 at the lower boundary. Invalidation: A sustained break above 1411.90 invalidates the bearish Z-wave view and opens the door for a trend reassessment. Conclusion The failed 200-DMA retest, corrective price structure, and channel resistance all point to the current recovery nearing exhaustion. Whether Wave X makes one more marginal high or not, the broader path remains lower toward the Wave Z terminal zone. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please conduct your own research before taking any trading decisions.
NSE:ICICIBANKShort
by WaveXplorer