FTM(based on NEo wave)on this situation for now it is a counter triangle and the E wave looks like a flat pattern,I will share the smaller time frame.
Neo Wave
Doge(based on NEo wave)this G wave of broken diametric is a bow-tie diametric .
I have my confirmation to buy it on G wave of bow-tie diametric and my stop loss is E wave.
DOGE(based on NEo wave)I changed my counting this diametric is broken and its at the end of line, I will share the smaller time frames.
this situation is the last chance to buy and use the heavy bullish wave.
PHB looks bearishPHB appears to be involved in an ABC correction.
Now it looks like the inside of wave B and wave B looks like a triangle.
The red range of supply is the best place for a sell/short position.
The targets are clear on the chart
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Check the trend According to the behavior of the price in the current resistance range, possible scenarios have been identified. If the price does not cross the resistance range, it will be possible to continue the corrective process up to the specified support levels
Possibility of uptrend It is expected that after some fluctuation, the continuation of the upward trend will be formed, and with the stabilization above the resistance range, the continuation of the upward trend will be likely.
If the index passes the level of 23%, the continuation of the correction process will be possible
Correction The current corrective trend is expected to advance to the specified support area and then a reversal will take place.
Crossing the 88% level will continue the correction process
Change the trend It is expected that after some fluctuation and correction, a trend change will be formed and we will witness the beginning of an upward trend. By crossing the resistance trend line, the upward trend will be more likely.
Possibility of uptrend Considering the behavior of the price in the current resistance range, it is expected that a trend change will be formed and a correction will be formed, then the continuation of the upward trend will be likely.
Correction It is expected that the price will change the trend in the range of 78.6% level and the beginning of the upward trend will be formed. In this case, breaking the resistance trend line will confirm the upward trend.
After crossing the 78.6% level, the movement trend will be blue
Correction It is expected that the corrective trend in the Fibonacci levels and the support range will change the trend and we will see the beginning of the upward trend.
By crossing the support range, it will be possible to continue the corrective process
Possibility of uptrend It is expected that the corrective process will end in the current support range and we will see the beginning of the upward trend.
If the index crosses the support range, it will decrease to the specified Fibonacci levels
Correction It is expected that the corrective trend will be formed up to the support range and then we will see the beginning of the upward trend up to the resistance range
Possibility of uptrend It is expected that the price will pass the resistance range according to the specified paths and continue the upward trend
FTM roadmapFrom where we put a red arrow on the chart, the price has entered the correction phase.
It seems to be at the beginning of wave C now. The larger pattern can be a flat, triangle or diametric.
We have a resistance swap on the chart that whenever the price reaches this swap, we expect downward rejection.
The green range is a very strong support range that we will look for buy/long positions whenever the price reaches it.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
BB analysis (4H)It looks like a big pattern is forming which is made up of ABC waves.
We seem to be in wave D now.
From the lower green range, we expect bullish movements.
Closing a candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
GBPJPY wave count, long term viewGBPJPY has been in an strong uptrend. The trend is rising in a corrective impulses, WXY. I have included wave counts. The pair seems to be scalable for more upside, but a correction or long term reversal may happen, UNLESS the pair drops correctively after the wave counts are comleted.
NB. This is a daily chart so "small" retracements may happen.
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.
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.
TOKEN ANALYSISThe price seems to be inside a large diamond diametrically.
Now, according to price, TOKEN intends to complete the F wave.
After the completion of the F wave, it can drop towards the lower ranges.
Our general view on the TOKEN symbol is as follows.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
BAKE looks bearishFrom where we put a red arrow on the chart, it looks like the BAKE correction has started.
This correction appears to be a diametric, whose wave D is now ending.
We expect the red range to maintain and drop downwards.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
COMBO looks BearishIt appears to be completing a larger pattern. The larger pattern is triangular or diametric.
It seems that we are in the middle of the big wave C (wave b of C).
By maintaining the red range, it can move towards the green range.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
uptrend It is expected that the index will have fluctuations in the current resistance range and then continue the upward trend
