Wave Analysis
BTCUSDT Elliott Wave Analysis (2H Chart)Currently tracking a 5-wave Elliott structure:
Wave (1) initiated the bullish impulse.
Wave (2) retraced back with healthy correction.
Wave (3) extended strongly, showing momentum.
Wave (4) completed with a corrective pullback.
Wave (5) is in progress, approaching the liquidity zone between 117,000 – 119,500.
⚡ Price is now pushing towards the upper liquidity zone where potential supply and profit-taking may occur.
⚠️ Watch for possible reversal or consolidation around this area after Wave (5) completes.
Key Levels to Watch:
Support: 110,700
Resistance / Liquidity: 117,000 – 119,500
This zone could decide whether BTC continues higher or begins a corrective ABC structure.
Multi-Pattern Insights: Triangle & Channel Structures (Timeframe: Monthly)
IOLCP's monthly chart perfectly demonstrates how triangle patterns (converging trendlines creating compression) can coexist with parallel channel patterns (equidistant support/resistance lines). Triangle formations indicate price consolidation with diminishing volatility, while parallel channels show consistent bounce zones between defined boundaries.
This multi-timeframe view reveals how experienced chartists identify multiple technical structures within a single timeframe—enhancing pattern recognition skills. Understanding these foundational concepts helps distinguish between different consolidation types and their structural characteristics.
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Always conduct your own research before making any trading decisions.
TATASTEEL 1D Time frameCurrent Price & Trend
Current Level: ₹169
Trend: Neutral to slightly bullish → stock is consolidating near support.
Momentum: Price is holding above strong support, but resistance is close.
RSI: Around 55 → neutral, leaning positive.
MACD: Flat to mildly bullish.
Moving Averages: Price is hovering around 20-day average; still above 50-day average → medium-term strength intact.
NIFTY 1D Time frameCurrent Price & Trend
Level: ~25,114
Day’s Range: 25,038 – 25,139
52-Week Range: 21,743 – 26,277
Trend: Neutral to bullish; trading near the higher end of the yearly range.
Bullish Scenario
If NIFTY sustains above 25,000, upside targets are 25,250 – 25,500 in the short term.
Strong buying volumes could lead to new highs beyond 26,000.
KOTAKBANK 1D Time frameCurrent Price & Trend
Price: ₹1,972.30
Trend: Neutral; trading approximately 14.3% below its 52-week high of ₹2,301.90, reached on April 22, 2025.
Momentum: Indicators suggest a neutral to slightly bearish outlook.
Bullish Scenario
Breakout Above ₹1,990: A sustained move above ₹1,990 could target ₹2,000 – ₹2,020 in the short term.
RELIANCE 1D Time frameCurrent Status
Price is around ₹715
The stock has been showing strength recently, with many of its moving averages (short- to long-term) supporting the rise.
Technical indicators like RSI, MACD, ADX etc. lean positive — buyers seem to have the upper hand.
There’s an inverted Head & Shoulders pattern forming, which is a bullish reversal signal if confirmed. Support zones are holding up so far.
Bullish Scenario
If Tata Motors stays above ₹700–705 support and breaks past ~₹720–725 with volume:
Possible upside to ~₹730-₹740
HINDUNILVR 1D Time frame General Status
Current Price: ~ ₹2,580
52-Week Range: Roughly from ₹2,136 (low) up to ~ ₹3,022 (high)
The stock has come down from its highs and is trading well below those peaks.
Bullish Scenario
If things turn favorable:
Holding above ₹2,550-₹2,500 is crucial. If that support holds, a bounce is possible toward ₹2,650-₹2,700.
If the stock breaks above that resistance cleanly, then targets in the ₹2,850-₹3,000 range could come into play.
SBIN 1D Time frameCurrent Price Action (Daily Chart)
Price Range: Stock is moving between ₹815 – ₹830 right now.
Trend: Consolidation with mild bullish bias.
Key Levels
Immediate Resistance: ₹830
Next Resistance: ₹840 – ₹850
Major Resistance: Around ₹875 (previous high)
Immediate Support: ₹815 – ₹820
Strong Support: ₹800 – ₹805
Critical Support: ₹785
APOLLO 1D Time frame Current Status
Price: ₹322
Trend: Strong uptrend, stock recently made fresh highs.
Momentum: Very strong, but slightly overbought in daily indicators.
Key Levels
Immediate Resistance: ₹326 – ₹330 (recent high zone)
Next Resistance: ₹340 – ₹345 (if breakout continues)
Immediate Support: ₹300 – ₹305
Stronger Support: ₹280 – ₹285
the last impulse wave is on the wayTata Motors Technical Analysis (CMP: 715)
Elliott Wave Analysis: The stock is in its 5th wave of the impulse wave, with a minimum target of 1000.
Fibonacci Analysis: Fibonacci confluence zones often mark the midpoint of a move. Given the midpoint at 533, the target of 1000 aligns with this structure.
Conclusion: With a potential upside of 40% from current levels, the stock remains an attractive buy opportunity, driven by its 5th wave target.
A strong move on the wayAtul Ltd Technical Analysis (CMP: 6392)
Elliott Wave Analysis: The stock appears to be initiating its 3rd wave, which typically signifies a strong and rapid price movement.
Fibonacci Analysis: To manage risk, stops should be placed below the Fibonacci confluence zones.
Moving Averages: The convergence of all MAs indicates the stock is poised for a directional move.
RSI Analysis: The RSI is at previous bull zone support, and the MA on RSI is converging, further suggesting an imminent directional move.
Conclusion: With these indicators aligning, I anticipate a strong move in Atul Ltd, targeting 9000 as the first milestone.