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Elliotwaveanalysis

[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
EURUSD Hidden Map Hey Traders, By looking at the higher timeframe for EURUSD, we can observe that EURUSD is preparing for a big move to the upside. We are currently in a zigzag ABC pattern. This kind of pattern is made up of 3 waves. Wave A = 5 waves, Wave B = 3 waves, and Wave C = 5 waves. We are now in wave C = 5 waves. Once we complete wave C, we can prepare for the big move. ZIGZAG Pattern (5-3-5) What we are looking for this week? Feel free to share your thoughts in the comment section. Good Luck and trade safe!
by Tradenessfx
1
$msft could trigger nq bearish cascadeNASDAQ:MSFT and $appl both look very similar to me, with a potential swing top forming. NASDAQ:MSFT has been held up with the rate inflation narrative that pump the mag 7 and now it's connection with OpenAI. The market has signaled a broadening over the last 6 months or so, with most of the remaining opportunity centered around value stocks. If this isn't the swing top for msft, it's very close. once appl and msft go, it will likely signal the swing tops across the market.
NASDAQ:MSFTShort
by drcrypto14
#US30 Best selling opportunityPrice seems to be completing the fifth wave of an ABC bullish corrective move, after which it is likely to move lower to complete its third wave in a higher degree. The conjunction of the two bullish channels is an optimal price level to sell. For those who are more risk-averse, they could wait for a bearish breakout of the short-term bullish channel. If you’ve found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
BLACKBULL:US30
by mohemati
#oil bearish outlookIt seems like the price has formed a 5-wave bullish impulsive move and could now begin its bearish move. For the bearish move to be confirmed, we need to see the price breaking below the bullish channel line and also closing below the VWAP. Bearish confirmations: Bearish divergence in the 4H timeframe. Completion of the 5-wave bullish impulsive move. Momentum oscillator in overbought (OB) territory. If you’ve found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
CAPITALCOM:OIL_CRUDEShort
by mohemati
Polyplex Corp: Analyzing Wave (5) Projection and SupportTechnical Analysis of Polyplex Corporation Ltd. Elliott Wave Counts and Structure The chart illustrates a possible Elliott Wave count on a weekly time frame, identifying key waves and corrective patterns. Here’s a detailed breakdown: 1. Primary Wave Structure: - The chart shows an unfolding five-wave impulsive structure, with Waves (1) through (4) completed, indicating a bullish phase followed by corrective waves. - Wave (1) is observed in November 2010, and Wave (2) is identified around September 2013. - Wave (3) peaks significantly higher than Wave (1), indicating a strong bullish phase, and completes near April 2022. - Waves 1, 2, 3, 4, and 5 within Wave (3) are clearly marked, showing the internal structure of this impulsive wave. 2. Corrective Waves: - After the peak of Wave (3), the chart illustrates a complex corrective pattern labeled as W-X-Y-X-Z. - This correction appears to end at Wave (4), indicating the start of a new potential impulsive wave (Wave (5)). - The corrective waves show significant price declines, characteristic of Elliott Wave corrections. 3. Current Scenario and Target: - The current price action suggests the initiation of Wave (5). - The target for Wave (5) is projected to be above the high of Wave (3), which is near 2880 INR. - An upward arrow indicates the bullish outlook, projecting the price towards this target level. 4. Invalidation Level: - An invalidation level is marked at 751. If the price falls below this level, the current Elliott Wave count and bullish scenario would be invalidated. - This level acts as a critical support, below which the wave count may need to be re-evaluated. Summary and Considerations - Bullish Outlook: The primary analysis suggests a bullish wave (Wave (5)) is underway, targeting levels above the previous high of 2880. - Key Support: The invalidation level at 751 is crucial for maintaining the bullish scenario. - Risks: As noted in the disclaimer, Elliott Wave Theory involves multiple possibilities and inherent risks. It's important to consider this analysis as one potential scenario. Investors and traders should consult with financial advisors and consider broader market conditions, as well as other technical indicators, before making investment decisions based on this analysis. This analysis provides an educational perspective on using Elliott Wave Theory for Polyplex Corporation Ltd. and highlights the importance of monitoring critical price levels to validate the wave counts. 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:POLYPLEXLong
by RK_Chaarts
4
Mohit Industries - A buy on Dip candidateHello everyone , I am here with a new power pack stock with a cup n handle chart pattern breakout named MOHIT INDUSTRIES (NSE). technical view The stock has given a good Breakout in weekly as well as in monthly Time Frame with good intensity of volume. the stock have sky touch as the breakout is followed by an Extreme Bullish Chart Pattern i.e Cup N Handle. CUP N HANDLE EXPLAINATION Cup N Handle is a chart pattern which is mostly used for bullish road map of the stock. How it is formed - generally the stock have a huge fall from its high and the stock floats is a range for many years say 4 to 6 years or more, it forms a cup like structure and after that the stock explodes as there is an assumption that there might be the accumulation in the past 4 to 6 years when the cup was forming. Targets as per Cup N Handle -- The targets usually comes three times the target of cup. Elliot Wave View- - the stock is looking in its impulse wave (1-2-3-4-5) - In that impulse it might have entered the bigger wave 3rd - the minimum target as per wave 3rd is 1.618 of trendbased fib which is around 48 rs. - but as per cup n handle it can be extended and might give targets of 72 and 95 as well. conclusion the stock looks in its bullish phase, the stock can b lookout for upside mentioned targets with mentioned stop loss on chart itself. one can add at every dip also till stock is above Stop Loss line. 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.
NSE:MOHITINDLong
by KARANN_DINGRA
BTC UPDATE HEADING TO 59.6k minimum?!bitcoin is in a downtrend and the daily chart shows some interesting developments. we have 2 fair value gaps one at 64.5k - 63.1k which lines up with my wave 3 target which is the 1.618 level of wave 1 measured from top of wave 2. We have another fair value gap at 62.5 that extends down to 59.6k which is significant and will probably be filled. this would be my wave 5 target. If the bulls cannot hold the 59.6 level we will drop to 54.5 fast as there is another fair value gap there. good luck to the perma bulls honestly i dont think we are going to be seeing a new ath before we see 56.8-52.1k Let me know what you think, i finally became a profitable trader and so i feel confident enough to share my analysis as I am new to posting. i would love to hear what you think.
COINBASE:BTCUSDShort
by member_berry
1
Ending diagonale targetThe target of the 3 wave is 0.083, find the red line on the chart. After this i am anticipating reaction - 4wave, as part of the Ending diagonale of the minor degree. Approximately 0.13. The 5wave of the Ending diagonale could reach the bottom blue line of triangle on the chart. Please note my base scenario is very bearish. The targets mentioned here are for short term speculative trading. See more details in previous postings. Good luck and have a fat profit!
CRYPTO:DOGEUSDShort
by dogecoin_chain
#Oil_Crude Elliott wave analysisPrice seems to have finished a 5-wave bullish impulsive move and is now getting ready for a bearish correction. Price failing to create a new high while making a new low is our signal that the bearish move has started. Bearish confirmations: Bearish divergence in the 1H time frame. 4H RSX at the oversold (OS) area. Momentum oscillator showing bearish action. Completion of the fifth wave of the fifth, from likely wave A. If you’ve found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
CAPITALCOM:OIL_CRUDE
by mohemati