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Elliotwaveanalysis

GM BREWERIES - TECHNICALS plus FUNDAMENTALS - A STOCK TO INVESTINVESTMENT PICK of the year -- MONTHLY TIME FRAME BREAKOUT 🚀🚀 TECHNICAL VIEW Overall view - - Technically this stock has given a shiny breakout in Monthly Time Frame of downward sloping trendline which suggest the stock have more potential and more bias upside. Again, As per Elliot Wave theory, the stock has entered the 3rd wave which is the momentum wave in monthly timeframe. KEY POINTS (TECHNICALS) - Stock is trading All Time High - It has given breakout in monthly time frame with power pack intensity of volume - RSI (relative strength index) is above 70 in monthly as well as in weekly time frame which give momentum to the stock - Price challenging upper Bollinger band which indicated the initiation of wave 3rd LET'S TALK ABOUT FUNDAMENTALS - Company's profit and sales are in increasing order 📈 - Company is fully debt free which gives an extra edge to company's growth - Promoter's holding is 74% which is actually very good - FII has increased its stake in last quarter - Company's Price to Earning ratio (P/E ratio) is just around 13.9 to 14 compared to industry PE which is around 32, that indicated that the company is doing great in the industry and have more potential to grow in this industry SOURCE- SCREENER.in and ticker finology Conclusion The stock is having bullish bias in long term as well as in short term analysing both - Fundamentally plus Technically, it can give us targets of 1300-1400 in long term, buying and averaging will be between 850 to 750 Disclaimer I am not SEBI registered. consult your financial advisor before any kind of investment. All the studies and ideas posted here are for educational purpose. THANK YOU KARANN DINGRA 💰
NSE:GMBREWLong
by KARANN_DINGRA
8
Bitcoin - Your Ultimate Guide to Mastering the MarketOverview: The Bitcoin market is on the brink of another explosive surge. Understanding the technical patterns and market movements is crucial to positioning yourself for incredible gains. Let’s delve into a comprehensive analysis based on historical data and predictive patterns to map out the future of Bitcoin. Historical Context: The previous Bitcoin bull market, spanning 1060 days, saw an astounding 2000% surge, from a low of $3,156 to an all-time high of $69,137. This cycle completed a textbook 5-wave Elliott Wave structure, giving us invaluable insights into the current market dynamics. Current Bull Market Insights: The current bull market commenced on November 21, 2022, at $15,476. We’ve completed wave 3 as of March 14, 2024, with a new all-time high of $73,777. Now, we find ourselves in wave 4, a critical phase that demands our attention. Wave 4 Analysis: Wave 2 correction lasted 150 days, a duration that sets a precedent for wave 4. Assuming similar symmetry, wave 4 is expected to bottom out on August 11, 2024. This wave is unfolding as an ABC corrective pattern, a common and predictable formation in Elliott Wave Theory. While it's possible that the ABC correction could be complete, if another drop arises to the $50K region, it will present an incredible opportunity for a long position. Key Levels and Fibonacci Retracements: Fibonacci Levels: Wave 4 typically retraces to Fibonacci levels of 0.382, 0.5, or 0.618. For wave 3, a 0.5 retracement aligns at the $50,000 level, a psychological and technical support. Anchored VWAP: Drawing from the start of wave 2, the VWAP aligns perfectly at around $50.7K, reinforcing this level as a robust support. Previous Bear Market Fibonacci: The 0.618 retracement of the previous bear market further consolidates the importance of the $50K support level. Pitchfork Analysis: Utilizing the pitchfork tool from the last bull market, we identify the golden pocket support at the $50K level. This tool has proven effective for long-term price monitoring and shows the potential for Bitcoin to reach $100K by September/October 2025, where the golden pocket resistance area lies. Strategic Plan: Monitor the $50K Level: Anticipate a significant demand at this crucial support level. Wave 5 Target: A Fibonacci extension of 1.618 projects wave 5 to peak around $100K, possibly by next year’s September/October. Altcoin Opportunities: With altcoins experiencing drops of 70-90%, they are at a substantial discount, presenting lucrative investment opportunities. Action Plan: Dollar-Cost Averaging (DCA): Begin accumulating Bitcoin and select altcoins. The $GETTEX:52K-$50K range is an ideal buying zone. Stay Vigilant: The next few months are pivotal. Monitor price actions and market sentiment closely. Position Yourself for Success: Great things are coming. Believe in the plan and prepare for the next wave of the bull market. Conclusion: The current bearish trend is merely a precursor to an impending bull run. Now is the time to pay attention, make informed decisions and position yourself strategically in the market. With the right approach, the rewards can be extraordinary. Let this technical analysis be your guide to navigating and mastering the Bitcoin market. Stay focused, stay prepared and get ready for the ride of a lifetime. Happy trading folks! =)
Long
by SiDec
EURUSD - Big Crash is coming...Hey Traders, We are still working with this complex zigzag pattern (5-3-5). We are currently in wave C = 5 waves. We have made the first impulse down ( subwave 1 ) and now correcting ( subwave 2 ). Expecting subwave 3 this week. Price has already retraced to 70% Fibonacci levels. This means we should start preparing ourselves for the reversal. We have marked our sell zone between 0.705 fib and 0.786 fib that lines up with the channel's resistance. EURUSD 1H - Jumping down to lower timeframes, we can see divergence using the MACD indicator. Divergence = Reversal soon. SHORT Setup: - Wait for break of ascending trendline on 1H - Stoploss: Above channel's resistance or above the highs after you enter - Targets: 1.060 and 1.050 Good Luck and Trade Safe!
by Tradenessfx
Bitcoin ALL-TIME-HIGH is STILL COMING: Here's WhyA hint... the RSI. The RSI is one of those reliable old-timers, especially useful in higher timeframes to determine longer period price action, such as near term and long term. Together with Elliot Wave Theory, I'm going to present to you an argument for why Bitcoin is STILL BULLISH and what my strategy/expectation is for the coming weeks. I'll also share key metrics to watch and do regular updates should the conditions mentioned in the video be met. Although I am short term bearish, I remain longer term bullish, making it really impossible to label this post as solely "short" or "long". Cheers to the Top10%'ers 🥂 __________________________ BINANCE:BTCUSDT
by CryptoCheck-
1
DOTUSDT H4 Dot currency. For storage. We put 100 lines under the word storage. I do not trade. Futures contracts, I store currencies. They are for storage, including levels. Frankly, I bought from the $4 levels. I bought from the $4 levels. I bought a respectable amount. Now. It is at $6.25. The first target, as shown in the chart, $11? I sell half the quantity, at $11. And we target $20 to $25 with the remaining half quantity. Good luck to all of you, and any question leave me in the comments.
Long
by Abdelmalak
BITCOIN CRASH TO 54.7K MINIMUM MT. GOX DUMP!!!Hello as you can see we have 5 waves up and an abc correction. we are working on the C wave and i expect it to hit 54.7k because that is the 1.1 extension fib of wave a measured from wave b (be careful tho as wave C can go to 1.618 which would be 44k i dont see that happening this time tho as we still need to make a wave 5 on the super large time frame), as well as having a FVG that needs filled there, as well as being the base of the channel we are in. It is a triple confluence. If you look at RSI we have a bearish divergence as well. The two bottom indicators i am using are also showing to be in the middle of a wave right now. that would be the C wave on the large time frame. we will be making the 5th wave down on the lower time frame which on the lower time frame of that will be a 5 wave impulse move because we are in a downtrend. Also, Mt. Gox, an old exchange that went down like 12 years ago is starting to repay their creditors in July, which is now, so those people are sitting on like 14000% profit and are going to cash out and dump hard. it is a total of like 18 billion. This is a negative outlook but its just what the data show. when the data show bullish then i will be bullish but there is just so many things right at this moment ab to crash btc so just hold on tight and open a short. i have one open from 63.2k and a target of 54.7k. Lets see if it hits.
INDEX:BTCUSDShort
by member_berry
Aussie Shows Bullish Pattern After Hot CPI DataAussie is still sideways against the US dollar, trapped in a range for more than a month. However, the price is now moving towards the upper side of this pattern after hot Australina CPI (4%) this week, so RBA shoudl stay hakiwhs, suggesting a greater chance for a break out of a bullish triangle rather than a bearish trend. If analysis is correct, we are currently in a subwave "e", meaning there could still be some intraday weakness down to the 0.6630 to 0.6640 potential support levels. These would then be the final piece of this bullish structure, which should eventually take the price higher. However, only if the price closes above 0.6700 , the triangle will be seen as completed, and we should expect a straight move higher, possibly even to the 0.6780 area. Grega
Long
by ew-forecast
LAURUS LAB - HISTORY REPEATHELLO EVERYONE, I am here with a new powerpack price action that we can see in LAURUS LABS. KEY POINTS -- The stock is continuously following the pattern of HIGHER HIGH and HIGHER LOWS Giving a look of RALLY and PULLBACK. -- Now the stock is again looking for RALLY i.e HIGHER HIGH. -- Stock has given a small breakout of downward sloping Trendline. -- stock might give close above 50 EMA (in daily TF) today which will help this stock move upward. -- There seems increasing volume in this stock. Exceptional key point- --Its a fundamentally good company and it has purchased some building and machinery in last quarter, This might helps to give good results in upcoming quarters. Trade Plan -- One can enter at Current Market Price as it is above 50 EMA -- Targets will be 450-465-480 -- Stop Loss will be at 419 (previous swing low) Disclaimer I am not SEBI REGISTERED. consult your financial advisor before any kind of investment. I am not responsible for any kind of your profits and losses. Thank you KARANN DINGRA
NSE:LAURUSLABSLong
by KARANN_DINGRA
USDCHF: Elliott Waves and Dovish SNB Are Pointing HigherUSDCHF turned higher this year, after breaking some important trendline connected from 2022 highs on a daily chart, where a breakout can lead to higher prices within a big triangle range. One of the reasons why Swiss franc is that weak compared to others is because SNB surprised and cut rates twice after inflation has softened. So as long as FED sticks to current rates, USDCHF may do well, but this cycle may change later this year when FED finally cuts if data convince them that inflation is back at normal levels again. But for now, we have to focus on the current trend and pattern which seems to be pointing higher, on USDCHF. Looking at the 4-hour chart, it looks like pair recently pulled lower into a higher degree corrective setback, temporary (A)-(B)-(C) corrective decline, where wave (C) appears completed because of five subwaves down from wave (B). We also see some nice reactions higher, from new low and back above 0.900 where overlap confirms the resumption of an uptrend. However, there can be some intraday setback as pair comes into a channel resistance now, near 0.9050. But sooner or later we think the channel will be out and more upside ahead, while the market is above 0.8826, the short-term invalidation level.
by ew-forecast
Is our circle B wave is done yet?We really cannot say we have confirmation we're in a circle c-wave until we breach the circle a-wave low. So I will repeat, we have the minimum waves in place to consider circle b done...and could begin our circle c-wave descent. However, nothing states we cannot get back into our target box for a more complex circle b. The fact remains we also have purple wave 4 that is still valid until we breach $104.30. It is my opinion Nvidia has struck a local top but as the days and weeks progress, we'll get confirmation of whether that top was a local top, or what I believe to be a primary top, and that top would last many months to potentially a couple years.
NASDAQ:NVDA
by maikisch
GTPL HATHWAY LTD. Technical Outlook with Elliott wavesThe chart provided utilizes Elliott Wave Theory to analyze the price movements of GTPL HATHWAY LTD . Below is a breakdown of the wave counts and their significance: Primary Wave Count Labelled in Black Wave ((1)) in Black (Primary Degree): - This initial wave is marked from the low in March-2020 to the high Oct-2021. - It represents the first major upward movement after a prolonged downtrend, indicating a new bullish cycle. Wave ((2)) in Black (Primary Degree): - This corrective wave follows Wave ((1)), retracing a portion of the gains made in Wave ((1)). - It is marked from the high Oct-2021 to the low March-2022. - Wave ((2)) is typically characterized by a three-wave structure (ABC correction), although it appears to have a complex structure in this case. Wave ((3)) in Black (Primary Degree): - The current wave, which is expected to be the most powerful and extended wave. - It is divided into five smaller waves (1)-(2)-(3)-(4)-(5) within it, in Blue (Intermediate Degree). Intermediate and Minor Degree Waves Wave (1) of ((3)) (Intermediate Degree): - This wave is a smaller degree wave within the primary Wave ((3)). - It starts from the low of Wave ((2)) and moves up, completing its cycle around the first quarter of 2023. Wave (2) of ((3)) (Intermediate Degree): - A corrective wave within the primary Wave ((3)), following the high of Wave (1). - It retraces some of the gains made in Wave (1). Wave (3) of ((3)) (Intermediate Degree): - This wave is in progress and is expected to unfold into five smaller waves (i, ii, iii, iv, v). Subdivisions as Minor Degree in Red within Intermediate Waves Wave 1 of (3) (Minor Degree): - The first sub-wave of the intermediate Wave (3), indicating a small upward movement. Wave 2 of (3) (Minor Degree): - A corrective sub-wave following Wave 1, resulting in a minor pullback. Wave 3 of (3) (Minor Degree): - Expected to be the most extended and powerful sub-wave within the intermediate Wave (3). - This wave is likely to push the price significantly higher, followed by wave 4 & wave 5 to finish Wave (3). Bullish Scenario and Price Targets Target for Wave 3 (Primary Degree): - The projected target for Wave 3 is around the 1.618 Fibonacci extension level, which is 353. Key Levels - Invalidation Level: 155 - This level serves as a crucial point. If the price drops below 155, it invalidates the current wave count and the bullish scenario for now. MACD Trend Indicator: - Already running positive in both Monthly and Daily timeframes. - Turned upside in Weekly timeframe and is on the verge of a positive crossover. Trendline Breakout: A trendline breakout has been observed on the Weekly timeframe. Moving Averages: The price has closed above the 50EMA, 100EMA, and 200EMA in both Weekly and Monthly timeframes. Bullish Divergences: Bullish divergences are aligned on both Weekly and Daily timeframes. Support and Resistance: The price is taking support at the 20SMA mid Bollinger Band in the Monthly timeframe. The stock is attempting to close above the Weekly 20 SMA, which has not been achieved yet. Conclusion The detailed wave count analysis suggests that "GTPL HATHWAY LTD" is currently in the early stages of a primary Wave 3, which is typically the strongest and most extended wave in Elliott Wave Theory. The intermediate and minor degree waves within this primary wave indicate a structured and progressive upward movement, supported by various technical indicators. The primary target is set at 353, with an invalidation level at 155. If the price breaks below the invalidation level of 155, it indicates that we are still in Wave (2) of the Blue Intermediate Degree. Consequently, we would need to wait for the start of Wave 1 of (3). In this scenario, the new invalidation level would be 93.75. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:GTPLLong
by RK_Chaarts
6
[Bullish] Long term Elliott Wave counts for MBLINFRAHere is the monthly chart of MBL Infrastructure ( NSE:MBLINFRA ). It caught my eye due to a large move this month with great volumes. What's more interesting is that the structure of the stock looks "textbook" example of Elliott Waves. Long term counts are marked in green with a circle around counts. Intermediate counts are in blue digits with a bracket around them and internal counts (short term) are also marked in blue but in roman numbers with brackets. Now, we seem to be in intermediate wave 3 of longer term wave 3 - which is typically the most tradable setup. The stock took out the previous swing high of intermediate wave 1 and closed decisively above it this month. As per the equality principle, we expect the intermediate wave 3 target as 154 from current price around 67. But if we are looking at longer term then we need to consider larger degree wave 3 which gives a minimum target of around 260. Considering the fact that we have a long term resistance just above it around 310, it would be reasonable to say that longer term wave 3 should go easily reach 300/310 zone. That would be a multi-bagger 4.5x move and I expect this move to be done within next 2 years. Note that this is just wave 3 of long term, which should be followed by wave 4 correction (310 resistance is a good place for wave 4 down to begin) and wave 5 up which should eventually take the stock above 310 zone. What about the risk? This setup is invalidated if the stock breaks below the low (36.15) of intermediate wave 2 of larger wave 3. If we enter at current price around 67 with a stop below 36.15, we get a risk-reward of 1:6 for larger wave 3 minimum target around 260. And if we keep the target to 300+ as per the resistance then we get a risk reward of around 1:7.5. Disclaimer: Purpose of this post is to educate on technical analysis methodologies and not giving trading/investing advice.
NSE:MBLINFRALong
by YetAnotherTA
1