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Wave Analysis

A rally in the IT sector likelyNifty IT and TCS Elliott - The index has completed the B wave correction and now the C wave rally will take it to 41600. logic A=C. The tgt at 41600 is a good 17% from CMP. On the other hand the rally in TCS will take it to 3550. This is a good 15% from CMP. Conclusion - Since this is a corrective pattern the downfall will again resume post the rally. So definitely an opportunity for traders. If the Index will move 17% I am sure there will be many in the IT pack that has more potential.
NSE:TCSLong
by singh17vivek
Bullish Scenario for ETH/USD (1-Hour Time Frame)Entry Point: 4671.73 Stop Loss: 4525.01 Target (Take Profit): 4847.52 1. Price Structure and Trend: The price has been moving within a well-defined downtrend, but there has been a noticeable shift. The recent breakout above the blue trendline signals a potential reversal from a bearish to a bullish trend. This breakout indicates increased buying interest, suggesting that ETH/USD might continue its upward momentum in the short term. 2. Key Levels: Support Level: The price has recently bounced off a support zone near 4525, which acts as the stop loss level. A strong bounce from this point further validates the bullish outlook. Resistance Level: The target price of 4847.52 is placed near a resistance zone, which represents the next major hurdle for ETH/USD. 3. Entry Strategy: The entry point is placed at 4671.73, just after the breakout above the blue trendline, where the price is gaining upward momentum. The market seems to have found new buying strength after consolidating, which strengthens the case for a potential move to the target level. 4. Risk-to-Reward Ratio (RRR): The risk-to-reward ratio for this trade is favorable, with a potential gain of around 175 points (4847.52 - 4671.73) against a risk of approximately 146.72 points (4671.73 - 4525.01). This results in a solid 1:1.2 RRR, which is a reasonable expectation for this bullish trade. 5. Indicators and Confirmation: The chart features moving averages (yellow and white lines) indicating a shift from a bearish trend to a bullish phase. The price action shows strong buying pressure, especially with the recent candlestick pattern, confirming the breakout and trend continuation. 6. Conclusion: With a confirmed breakout, an entry at 4671.73 offers a great opportunity for a bullish move towards the target of 4847.52. The stop loss is safely placed at 4525.01, considering recent support. This trade setup appears well-aligned with the current market conditions and technical indicators, making it a logical and worthwhile trade idea.
DELTAIN:ETHUSD.PLong
by Crystal_0404
Bitcoin Trend – Breakout from the Downward ChannelBitcoin Trend – Breakout from the Downward Channel Hello traders, BTC has broken out of its descending channel with a very strong candle, moving exactly as expected in the corrective rally. At present, price is reacting around 117k, which confirms a shift in structure. For the medium term, the primary trend should now be considered bullish. Traders can look for pullbacks around 114.5k – 113k to add fresh long positions. From an Elliott Wave perspective, BTC is moving within the final ABC structure. The current move is wave B, and we will be looking to position long once wave C completes. Target for this long scenario: 120k – 121k, where a mild correction may occur as liquidity is taken. This is my personal outlook on Bitcoin. Always follow price closely and manage your account carefully to stay safe. What’s your view on BTC’s breakout? Share your thoughts in the comments so we can trade better together.
BINANCE:BTCUSDLong
by BrianLionCapital
Bitcoin – Medium-Term Outlook for Long/Short TradersBitcoin – Medium-Term Outlook for Long/Short Traders Hello traders, BTC continues to move within the descending channel – something we can all clearly see. Recently, price bounced strongly after touching the solid support zone near 112k, and now it is only about 2k away from the target level for a potential swing long entry. If BTC manages to break above the 114.8k resistance, it could signal a short-term reversal, pushing towards 117.5k before resuming the broader downtrend. This scenario could act as a potential trap for those holding long-term short positions. We also see early signs of structure changing: the trendline has already shown signs of breaking, with price trading above the descending channel. At the same time, MACD is showing rising volume and its averages are starting to curve upward. Together, these factors support the case for a short-term corrective rally. Strategy: Consider long entries near the current zone, with the option to DCA if price breaks above 114.8k. Please note this is my personal view — always manage risk and follow your own plan. What’s your take on this setup? Share your thoughts in the comments so we can discuss further.
BINANCE:BTCUSDLong
by BrianLionCapital
INDIGO-Technical & Elliott Wave Breakdown📊 Technical & Elliott Wave Breakdown ✅ Wave Count: The wave count appears complete or nearing completion: • Wave (1): ₹1,666 → ₹2,748 • Wave (2): ₹2,748→ ₹2,333 (corrective) • Wave (3): ₹2,333 → ₹5,032 (extended impulse) • Wave (4): ₹5,032 → ₹3,780 → ₹3,945 (complex ABC correction) • Wave (5): Now at ₹5,816 (current weekly high), already moved ~₹1,875 from Wave 4 bottom • 📈 Wave 5 has now approached the upper boundary of a long-term rising trend channel. 🔍 Price & Volume Insights • Recent breakout candles (last 2–3 weeks) show strong bullish momentum with high volumes (137M+) • Weekly close near the high, signalling institutional interest • Price respects both the parallel channel and Fibonacci zones 📈 Target Projections for Wave 5 (Measured Moves): Wave 5 started from ~₹3,945: Projection Method • Wave 5 = Wave 1 (~₹934) ₹4,880 ✅ Passed • Wave 5 = 0.618 × Wave 3 (~₹2,276) ₹5,360–5,400 ✅ Reached • Current price ₹5,816 🔼 Ongoing • Wave 5 = Wave 3 (~₹2,276) ₹6,200–6,250 🔜 Possible • Wave 5 = 1.618 × Wave 1 (~₹1,500) ₹5,445 ✅ Surpassed • Upper trendline resistance ₹6,400–6,500 🔴 Strong zone 🔁 Fibonacci Channel & Trendlines • Upper trendline of the rising channel is currently at ₹6,500–6,650 • Historically, Wave 5 often ends near channel tops—this range can act as a terminal zone unless a blow-off top occurs 🧭 Way Forward: Two Probable Scenarios ✅ Scenario 1: Bullish Continuation • Price may extend toward ₹6,200–6,500, completing full 5-wave structure • If breakout occurs above ₹6,500 with volume and momentum, ₹7,000–7,400 is the next Fibonacci-projected stretch ⚠️ Scenario 2: Impulse Top and Correction • If rejection occurs near ₹6,400–6,500, a corrective ABC may unfold • Initial pullback zone: o 0.382 retracement of Wave 3–5: ₹5,000–5,200 o Strong support: ₹4,740 (previous Wave B high) 🛠️ Action Plan If Holding Long: • Trail SL to ₹5,400–5,500 • Book partial profits near ₹6,200–6,400 For New Entry: • Avoid fresh longs now • Wait for pullback to ₹5,000–5,200 or a high-volume breakout above ₹6,500 📌 Thanks a ton for checking out my idea! Hope it sparked some value for you. 🙏 Follow for more insights 👍 Boost if you found it helpful ✍️ Drop a comment with your thoughts below!
NSE:INDIGOLong
by DrPrashantVerma
Gold – Medium-Term Buy StrategyGold – Medium-Term Buy Strategy Hello traders, Gold continues to move within wave B under Elliott Wave structure. I expect price to retest the trendline once more, with the strong support around 3325 — which already triggered a sharp bounce yesterday — likely to play a key role before wave C begins. According to Elliott theory, wave C is often the strongest, and in this case, it could extend towards the 339x region. This offers a swing buy opportunity with a reasonable target of 30–40 dollars. The MACD also supports this outlook, with volume holding above the average line and the MACD (green) remaining on top. Key Resistance: 3348–3352, must be broken to open the way towards 339x. Key Support: 3313, if broken, the scenario shifts and longer-term selling pressure could return. Buy Zone: Around 3327, with profit potential of 40–60 dollars. This is my personal outlook for gold this week. I hope it helps you align your trading plan. What do you think about gold’s direction here? Share your views in the comments below.
OANDA:XAUUSDLong
by BrianLionCapital
Bullish USDJPY (Long Position)Time Frame: 1-Hour Trade Direction: Bullish Entry Price: 148.629 Target Price: 149.262 Stop Loss: 148.108 Risk-Reward Ratio: ~2.3:1 1. Chart Analysis: The price action has been respecting a strong ascending trendline (blue line) indicating a consistent upward momentum over the past several hours. Price has recently bounced off the trendline and is approaching a resistance zone near 148.6, showing potential for a continuation upward towards 149.262. Support Level: The price has previously found support at the 148.1 level, confirming a solid demand zone in the market. 2. Indicator Support: Exponential Moving Averages (EMA): The price is currently trading above both the 9-period and 20-period EMAs, which is a bullish sign indicating upward momentum. The EMAs are also in alignment, further supporting the bullish case. Volume Trend: There is an increase in volume accompanying the recent bullish price action, confirming strong buying interest and supporting the idea of a potential breakout towards the target. 3. Risk Management: The stop loss is placed just below the recent low at 148.108 to provide a reasonable buffer against any price retracement, keeping the trade within an acceptable risk range. The target is set at 149.262, just below the key resistance level, ensuring that we capture the full potential of the current trend while minimizing the risk. 4. Trade Setup Logic: This setup is based on the continuation of the uptrend, with strong support from both the price action and indicators. The price action has successfully bounced from the trendline, confirming a potential continuation move towards higher prices. The target lies near a resistance zone, making it a logical point for potential profit-taking. 5. Conclusion: The overall market structure and indicators are aligned in favor of a bullish position, providing a high-probability setup. With a clear risk-reward ratio, this trade offers a favorable risk profile and a solid chance for profit.
Long
by Crystal_0404
Part 2 Trading MasterclassOption Trading vs Stock Trading Stocks = Ownership, long-term growth, dividends. Options = Contracts, leverage, flexible strategies. Stocks = Simpler, but capital-intensive. Options = Complex, but require less capital and offer hedging. For example: Buying 100 shares of Reliance at ₹2500 = ₹2,50,000. Buying 1 call option of Reliance at ₹100 premium with lot size 250 = only ₹25,000. This leverage makes options attractive—but also riskier. Real-Life Examples & Case Studies Case 1: Bull Market A trader buys Nifty 20000 Call at ₹200 premium. Nifty rallies to 20500. Profit = ₹300 (500 – 200). Huge return on a small premium. Case 2: Bear Market Investor holds TCS shares but fears a fall. Buys a protective put. When stock drops, put increases in value, reducing losses. Case 3: Neutral Market Trader sells an Iron Condor on Bank Nifty, betting price will stay range-bound. Premium collected = profit if market stays sideways.
NSE:NIFTYEducation
by SkyTradingZone
11
PCR Trading StrategyHow Options Work Let’s break it down simply: If you buy a call, you are betting that the price of the stock will go up. If you buy a put, you are betting that the price of the stock will go down. If you sell (write) a call, you are taking the opposite bet—that the stock won’t rise much. If you sell (write) a put, you are betting that the stock won’t fall much. Here’s a quick example: Stock XYZ trades at ₹100. You buy a 1-month call option with a strike price of ₹105 by paying a ₹5 premium. If the stock rises to ₹120, your option is worth ₹15 (120 – 105). Since you paid ₹5, your profit = ₹10. If the stock stays below ₹105, the option expires worthless, and you lose your premium of ₹5. This example shows that options can magnify profits if you’re right, but they can also cause losses (limited to the premium paid for buyers, unlimited for sellers). Types of Options A. Call Options Right to buy. Used when you expect prices to rise. Buyers have limited risk (premium) but unlimited upside. Sellers (writers) have limited gain (premium received) but unlimited risk. B. Put Options Right to sell. Used when you expect prices to fall. Buyers have limited risk but big upside if stock falls sharply. Sellers have limited gain (premium) but large risk if stock collapses.
NSE:RELIANCEEducation
by SkyTradingZone
7
Zee Entertainment – Wave 3/C on the Horizon?After topping near 151.44–151.70 (a neat double top), price corrected into 111.60 , completing what looks like Wave 2/B right around the 0.618 retracement. Now, signs of life are emerging: Volume has ticked higher, hinting at accumulation. RSI is forming higher lows and has regained strength above 50. The structure is shaping up for a fresh impulsive advance toward the 173–212 zone (1.0–1.618 extension). The path higher is expected to unfold as a 5-wave sequence, with Wave 3/C potentially targeting this blue zone overhead. ⚠️ Invalidation: A sustained move below 111.60 would negate this bullish sequence, opening the door for deeper correction. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:ZEELLong
by WaveXplorer
Bearish Continuation for ALGOUSD** IF you like my observation, please boost and follow for more content." Trade Overview: Entry: 0.2517 Stop Loss (SL): 0.2586 Take Profit (TP): 0.2434 Key Points: Trend Analysis: The price is currently under a bearish trend as indicated by the downward sloping blue trendline. This trendline shows consistent resistance, rejecting price rallies and continuing the bearish bias. The yellow trendlines represent key support and resistance zones, highlighting the consolidation range where the price has been fluctuating within a defined pattern. Market Structure: Price has formed a lower high (marked as point 4), followed by a lower low (point 5), confirming the continuation of the downtrend. This suggests that the market is likely to keep pushing lower towards the target. The price has retraced upwards but has failed to break the bearish trendline, reinforcing the idea of further downside potential. Entry Strategy: Entry Point: We are entering at 0.2517, just below the recent resistance, anticipating the price to continue downward after failing to breach the trendline. The price action at point (4) suggests weakness in the upward movement, making this a prime opportunity to capitalize on further downside movement. Risk-Reward Setup: The Stop Loss is set at 0.2586, just above the last swing high, giving room for minor retracements while protecting against a breakout above the trendline. The Take Profit is set at 0.2434, targeting the next level of support where the price could potentially find buying interest. This gives a favorable Risk-Reward Ratio of about 2:1. Volume Confirmation: Notice the increase in volume during the downward movement, suggesting that sellers are in control. A drop in volume during price retracements further validates the weak bullish momentum and confirms the expected continuation to the downside. Why This Setup? The bearish trend, price action, and trendline rejection all align with a continuation trade setup. The risk-reward is favorable, with a clear structure to exit the trade if the price moves against the position. The broader market context is also in line with a bearish outlook, making this a high-probability trade setup for the next few hours.
DELTAIN:ALGOUSD.PShort
by Crystal_0404
Buy Piramal EnterprisesPiramal Enterprises has been in a strong uptrend since 3rd March, completing a clear 5-wave impulse sequence on 18th July. Post that, the stock entered a Flat corrective structure (3-3-5) : Wave A bottomed on 23rd July Wave B peaked on 30th July, slightly exceeding equality with Wave A The ongoing Wave C unfolded as a 5-wave decline, with a clear 3rd wave extension Today, the correction likely completed at 38.2% of the prior 0–3 leg (measured from 4), which also coincides with a 50% retracement of the overall impulse and the stock has formed a strong reversal candle. This confluence strengthens the case for a reversal. Trading Plan: Buy: Current levels (around 1170–1180) Target: Previous swing high near 1350 Stop-loss: 1128 Risk remains until wave 4 zone, i.e. 1191 This setup offers a favorable risk-reward as the corrective structure looks complete, paving way for the next impulse.
NSE:PELLong
by ChartTheWave
PNB 1 Day ViewSupport Levels: ₹128.50 – Immediate support (recent swing low) ₹125.20 – Strong demand zone ₹121.80 – Major support Resistance Levels: ₹133.40 – Immediate hurdle ₹136.20 – Strong resistance (recent high area) ₹140.00 – Psychological & breakout level 📈 Trend & Structure: Price is trading above its 20 & 50-day EMA, indicating short-term bullishness. If it sustains above ₹133.40, momentum can push it towards ₹136–140 zone. Below ₹128.50, weakness may drag it toward ₹125.
NSE:PNBLong
by TechnicalExpress
12
Olectra Greentech: Power of the Mother Candle & Zone Flip📊 White trendlines mark the crucial control trend and resistance levels. 🕯️ The bold Mother Candle (highlighted in the orange box) is marked . 💗 Notice the Pink Zone — formerly a tough resistance area — now flipped into strong support after the breakout, a classic supply-to-demand flip! 💎 The Cyan Box highlights an emerging demand zone, where buying interest gathers ⚡ Right side is a Representation of Market structure on the Biggest Time frame ( Monthly time frame ) showcasing a Higher high and Higher low formation and respecting the EMA plotted . This is a stellar example of price structure and supply-demand dynamics in action—perfect study material for keen market observers. ⚠️ Disclaimer: This post is for educational and research purposes only. It does not constitute financial advice or a forecast. Always do your own analysis before making trading decisions.
NSE:OLECTRALong
by Averoy_Apoorv_Analysis
GBP/USD Bearish Trade Idea** IF you like my observation, please boost and follow for more content." Overview: The chart displays a clear bearish setup on the 1-hour timeframe for the GBP/USD currency pair. The pair has formed a descending triangle pattern, indicating potential downward price action. The price has been respecting the trendline resistance, which adds confidence to the short trade. Here’s a detailed breakdown of the key elements for this trade: 1. Pattern Formation: Descending Triangle: A continuation pattern that suggests consolidation and potential breakout to the downside. The price is nearing the apex of the triangle, and we anticipate the breakout to occur below the horizontal support at 1.34495. 2. Entry Point: The entry is set at 1.34475, just below the critical horizontal support level. This level aligns with the trendline resistance from previous price action, ensuring that we are positioning ourselves at a point where price momentum is likely to shift downward. 3. Stop-Loss (SL): The stop-loss is placed at 1.35060, just above the trendline resistance. This level is chosen to minimize the risk in case the price fails to break the support and reverses back upward. Keeping the SL tight ensures that the risk is controlled. 4. Take-Profit (TP): The take-profit level is set at 1.33774, based on the price's potential to reach a key support zone. The target is set at a conservative level, providing a strong risk-to-reward ratio while aligning with previous price action lows. 5. Risk to Reward Ratio: With a SL of 85 pips and a TP of 705 pips, the trade offers a favorable 1:8.3 Risk to Reward Ratio. This ensures that the reward far outweighs the risk, making it a worthy trade setup for those seeking high probability and high return trades. 6. Technical Indicators: Trend Indicators: The 9 and 20 EMA lines confirm the bearish trend as the price is trading below these EMAs. The cross of the 9 EMA below the 20 EMA further supports the downside momentum. Volume: A decrease in volume during the consolidation phase suggests a buildup for a breakout, likely to the downside as indicated by the pattern. 7. Conclusion: This trade setup provides a logical bearish scenario, supported by strong technical analysis. The entry, SL, and TP are placed strategically based on price action and pattern confirmation. A breakout below the support level at 1.34475 would trigger the short position, aiming for the next significant support at 1.33774. The risk is well-managed with a tight SL, and the reward is significant, offering an excellent risk-to-reward profile. Make sure to monitor the breakout closely, as this setup depends on the price respecting the triangle formation.
Short
by Crystal_0404
Elliott Wave Analysis – BTCUSD 22/8/2025 Momentum • D1 timeframe: Momentum is currently in the oversold zone, with the downside range narrowing → suggesting the decline is slowing. This supports the potential for a short-term bullish rebound. • H4 timeframe: Momentum is turning upward, but the current strength is not yet enough to confirm a sustainable uptrend. Key signal: if H4 momentum enters the overbought zone and price breaks above the previous high, it will confirm a more solid bullish trend. • H1 timeframe: Momentum is turning down. Ideally, the pullback should not break below the 112k level. If this support holds, it would be the first signal of a possible bullish reversal. Wave Structure • D1 timeframe: Price has broken below the wave 4 low and is now reacting around this zone → confirming the risk of a longer-term corrective decline. However, D1 momentum still supports a short-term rebound in the form of wave B. This means we should avoid long-term Buy positions for now, and only treat upcoming upside moves as corrective rallies. • H4 timeframe: Price remains within a 5-wave structure (1–2–3–4–5, red). This could either be wave A of an ABC correction or wave 1 of a larger corrective structure. Further observation is needed. • H1 timeframe: A 5-wave structure (black) seems to be forming, with wave 5 potentially unfolding as an ending diagonal (triangle). Once this triangle completes, a sharp upward move is expected. Confirmation will come if price breaks above the 2–4 trendline. For now, watch for a break above 113.5k to trigger entry. Trading Plan • Stay patient and wait for a breakout above the 2–4 trendline on H1. • If confirmed, consider entering Buy positions to ride the corrective rebound.
OANDA:XAUUSDLong
by WavePoint_FX
TCS – Wave 2 Correction Nearing Completion?TCS has been in a prolonged corrective phase since the all-time high at ₹4592. The decline has unfolded best as a W–X–Y double zigzag, with the current leg (Wave Y) progressing into its final stages. Wave W ended at ₹3056 after a sharp A–B–C decline. Wave X retraced to ₹3630. Wave Y is in progress, and its C leg appears close to exhaustion. A mini 4th-wave triangle has developed, suggesting a final push lower remains. The termination zone for Wave 2 is highlighted between ₹2926–₹2850, aligning with the prior Wave 4 support zone. Importantly, bullish divergence is likely to emerge on RSI if price makes a marginal new low. Key Levels: Support zone : 2926–2850 (probable Wave 2 low). Bearish invalidation : A sustained move above 3370 would invalidate the immediate bearish count. Bigger picture : If this structure holds, it would complete Wave 2 of a higher degree, setting the stage for a powerful Wave 3 rally ahead. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:TCSLong
by WaveXplorer