Get started

Wavetheory

Navigating the Waves: Piramal Enterprises Technical StudyTechnical Analysis of Piramal Enterprises (NSE: PEL) This analysis is shared for educational purposes only and should not be considered financial advice. Overview Piramal Enterprises has shown a promising breakout with significant volume, indicating strong bullish momentum. The Elliott Wave analysis also suggests a positive structure, pointing towards potential further gains. Elliott Wave Analysis Wave 1: The stock completed its first impulse wave (1) near 1,140 INR. Wave 2: The corrective wave (2) concluded around 735.85 INR. Wave 3: The ongoing wave is expected to be an impulse wave 3, targeting higher levels. Current Structure - The stock has completed the corrective wave C of (2) and is now in the early stages of wave 3. - The recent breakout above the black trendline suggests the start of wave (i) of 3, supported by increasing volume, adding to the bullish sentiment. Key Levels - Current Price: 977.85 INR - Nearest Invalidation Level: 905.00 INR - Major Invalidation Level: 630.45 INR Targets - Elliott wave suggests ahead wave 3 first levels (1.0 Fibonacci Extension of Wave 1): 1,246.00 - Elliott wave suggests ahead wave 3 ideal level (1.618 Fibonacci Extension of Wave 1): 1,561.25 Conclusion Piramal Enterprises has provided a strong breakout backed by volume, aligning well with the Elliott Wave theory. The structure indicates a continuation of the uptrend with potential targets at 1,246 INR and 1,561.25 INR. The nearest invalidation level is at 905 INR, with a major invalidation level at 630.45 INR. 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:PEL
by RK_Chaarts
Hellena | GOLD (4H): Long to the resistance area of 2418.70.Dear Colleagues, I had to review the wave analysis and I believe that price has not yet updated the highs. At the moment the price is in wave 1 of medium order. It is an impulse wave consisting of 5 waves. Possible correction to the area of 2348 then continuation of the upward movement to the resistance area of 2418.7 . Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:XAUUSDLong
by Hellena_Trade
14
Hellena | DJI (4H): Short to 50% Fibo lvl 39,059.Dear Colleagues, in general I see that the price will still rush upwards, because now the wave "3" of higher order is developing. But I believe that now there will be a correction to the area of 50% Fibonacci level (39,059) in wave "2". But before this correction, I believe that the price will complete a 5-wave movement in lower waves. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
BLACKBULL:DJ30.FShort
by Hellena_Trade
1
Hellena | GOLD (4H): Short to 100% Fibo lvl 2266.738.Dear colleagues, I've been thinking and drawing waves for a long time and here are my thoughts. I believe that Price will still reach the target level of 100% Fibonacci level extension 2266.738 . Price is now in a wave "4" of higher order and in a small but complex correction. Corrections are always complex and not predictable, but wave "4" should be completed. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:XAUUSDShort
by Hellena_Trade
22
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
Wave (3) Awakening: Shri Jagdamba Polymers Ltd. AnalysisOverview: Shri Jagdamba Polymers Ltd. has completed Wave (1) and Wave (2) in blue of Intermediate degree on the weekly chart. The stock now appears to be starting Wave (3) in blue, which should unfold into five subdivisions as Wave 1-2-3-4-5 in red of Minor degree . Currently, Wave 1 in red has finished its subdivisions as Wave ((i)) and Wave ((ii)) in black of Minute degree . Now, Wave ((iii)) in black of Wave 1 in red seems to be starting, indicating a bullish outlook. Wave (3) Characteristics: - Strong Impulse: Wave (3) is typically the most powerful and extended wave, characterized by strong upward momentum. - Fibonacci Extension Target: If Wave (3) in blue reaches 161.8% of Wave (1)-(2) , the price target can be approximately 3300 . - Subdivisions: Wave (3) subdivides into five smaller waves (1-2-3-4-5 in red of Minor degree), with each smaller wave further subdividing (e.g., Wave 1 in red subdivides into ((i)), ((ii)), ((iii)), ((iv)), ((v)) in black of Minute degree). Current Technical Setup: - Current Price: Observing the price action. - Key Levels: - Invalidation Level: 450 (marked as the low of Wave (2) ) - Fibonacci Extension Target: 3300 Technical Indicators: - Wave ((iii)) Starting: The initiation of Wave ((iii)) in black of Wave 1 in red signals potential strong bullish momentum. - Bullish Outlook: The completion of preliminary waves ((i)) and ((ii)) in black suggests that a significant upward move is likely ahead. Risk-Reward Analysis: - Risk: Low risk with the stop-loss set at 450 . - Reward: High potential reward with a target of 3300 . - Risk-Reward Ratio: Favorable due to the substantial upside potential and defined risk level. - View: Long term Investment pick. Trading Strategy: - Consider entering a position as Wave ((iii)) in black of Wave 1 in red unfolds, with a stop-loss at 450 . - Monitor for further confirmation of upward movement and add to positions as Wave ((iii)) progresses. Conclusion: Shri Jagdamba Polymers Ltd. is poised to start Wave (3) in blue of Intermediate degree , characterized by strong bullish momentum. The current setup indicates the start of Wave ((iii)) in black of Wave 1 in red, offering a compelling risk-reward opportunity. Monitoring the progress of these waves and the overall price action will be crucial for optimizing entry and exit points. 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.
BSE:SHRJAGPLong
by RK_Chaarts
4
TSLA Elliott Wave Insight: A Bullish Path AheadTechnical Analysis of TSLA Based on Elliott Wave Theory Overview Based on the Elliott Wave Theory, we observe that TSLA has commenced a fresh impulse wave from the bottom of January 2023. This new wave marks the beginning of wave I in the red cycle degree, which concluded at the peak of July 2023. Following this, wave II in the red cycle degree began moving downward and concluded at the bottom of April 2024. It is crucial to note that wave II did not retrace beyond the start of wave I, confirming that the Elliott Wave principles have been adhered to. The bottom of wave I was at $101.43, and wave II concluded at $138.86, which is within the acceptable range. Now, wave III in the red cycle degree has started its upward journey, which is expected to show significant strength and momentum. Typically, wave III can extend up to 161.8% of wave I, implying a strong bullish trend. Subdivision of Wave III Within wave III in the red cycle degree, there are five subdivisions expected, labeled as wave ((1)) to ((5)) in the black primary degree. Currently, we have embarked on wave ((1)) in the black primary degree, which itself should also subdivide into five smaller waves labeled wave (1) to wave (5) in the blue intermediate degree. - Wave (1) and Wave (2) in Blue Intermediate Degree: These waves have already been completed. - Wave (3) in Blue Intermediate Degree: We are likely in the early stages of this wave now. Characteristics of Wave III Wave III is often the longest and most powerful wave in the Elliott Wave sequence. Here are some key characteristics and signs to watch for: 1. Momentum and Strength: Wave III usually exhibits the strongest momentum and covers the most distance in the shortest time compared to waves I and V. 2. Volume Increase: There is often a significant increase in trading volume, reflecting heightened investor interest and confidence. 3. Impulsive Nature: Wave III is impulsive, meaning it moves in the direction of the larger trend. This is often driven by fundamental news and investor sentiment. 4. Extension: It is common for wave III to extend, reaching up to 161.8% of the length of wave I. 5. Subdivisions: Within wave III, there should be clear five-wave subdivisions in lower degrees, following the typical Elliott Wave structure. Roadmap and Invalidation Level The roadmap for TSLA suggests a bullish trend ahead, supported by the structure of the waves and the characteristics of wave III. The key invalidation level to watch is $138.86. As long as this level is not breached, the bullish outlook remains valid. - Wave III Target: Ideally, wave III could extend to around 161.8% of wave I. - Key Invalidation Level: $138.86. If TSLA breaks below this level, it would invalidate the current wave count and necessitate a reassessment of the wave structure. Conclusion The Elliott Wave analysis of TSLA indicates a strong bullish trend with the commencement of wave III in the red cycle degree. This wave is expected to show substantial strength and momentum, with a likely target near 161.8% of wave I. As long as the invalidation level of $138.86 holds, the bullish bias remains intact. Investors and traders should watch for the key characteristics of wave III and monitor the wave subdivisions closely to confirm the ongoing wave structure. 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.
NASDAQ:TSLALong
by RK_Chaarts
4
Hellena | GOLD (4H): Short to 100% Fibo lvl 2252.844.Dear Colleagues, the news had a big impact on the price last week. I think that everyone felt these changes. My last trade went to breakeven, although it was very close to the target. Now I believe that wave 4 is still not complete. This means that I expect further price decline to the area of 100% Fibonacci extension level at 2252.844. Of course, I expect a slight correction. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:XAUUSDShort
by Hellena_Trade
19
Elliott Wave Analysis on Bitcoin (BTCUSD)Elliott Wave Analysis on Bitcoin (BTCUSD) Wave (I) and Wave (II) on Weekly Time Frame Starting from the beginning of the Bitcoin chart, the first significant move up in price has been labeled as Supercycle wave (I). This wave represented the initial major bull run in Bitcoin's history, culminating in a peak, followed by a corrective phase, labeled as Supercycle wave (II). This corrective wave ended at the low observed in November 2022. - Supercycle Wave (I): This wave exhibited impulsive characteristics with five clear subdivisions (waves 1, 2, 3, 4, and 5). - Supercycle Wave (II): This was a corrective wave, taking the form of an ABC correction, and concluded in November 2022. Wave (III) on Weekly Time Frame Since the low of November 2022, Bitcoin has been unfolding Supercycle wave (III). This wave is expected to be a major bullish phase, often characterized by strong upward momentum and significant price increases. Wave (III) typically shows the following characteristics: - Strength and Momentum: Wave (III) is usually the longest and most powerful wave in a five-wave cycle. - High Volume: Accompanied by increased trading volume, indicating strong market interest. - Impulsive Nature: This wave should subdivide into five smaller waves on a lower time frame, confirming its impulsive nature. Subdivisions of Wave (III) on Daily Time Frame Within the context of Wave (III) on the weekly time frame, we are currently analyzing the subdivisions on the daily time frame. The current structure suggests the following: - Wave ((1)) of Wave (III): This wave is unfolding and subdividing into five smaller waves. - Wave (1), (2), and (3) of ((1)): These waves have been completed. - Wave (4) of ((1)): Recently completed around April 2024. - Wave (5) of ((1)): Expected to breach the all-time high to confirm the start. Current Status and Invalidation - Current Status: Bitcoin is potentially in Wave (5) of ((1)) of Wave (III), which needs to breach the all-time high for confirmation. - Invalidation Point: If the low of April 2024 (where Wave (4) finished) is breached, this would invalidate the current count. It would suggest that Wave (4) is still unfolding, possibly as a double correction. Characteristics and Structure of Wave (III) 1. Wave ((1)): Typically the smallest wave but should be identifiable as a five-wave move. 2. Wave ((2)): A corrective wave, usually retracing between 50% to 61.8% of Wave ((1)). 3. Wave ((3)): Often the largest and most powerful wave, usually extends to 161.8% of Wave ((1)). 4. Wave ((4)): Another corrective wave, typically shallow, often retracing 23.6% to 38.2% of Wave ((3)). 5. Wave ((5)): Completes the impulse sequence, may extend or truncate but should be a five-wave move. Conclusion The Elliott Wave analysis on Bitcoin (BTCUSD) indicates a bullish market ahead, driven by the development of Supercycle wave (III). This analysis is based on the assumption that the low of April 2024 will hold, confirming the end of Wave (4) of ((1)) and the start of Wave (5) of ((1)). If this low is breached, the market might still be in Wave (4), unfolding as a double correction. 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.
BITSTAMP:BTCUSDLong
by RK_Chaarts
Galaxy Surfactants: Bullish Wave 5 in MotionTechnical Analysis of Galaxy Surfactants Elliott Wave Analysis: Galaxy Surfactants is exhibiting a classic Elliott Wave structure on the weekly time frame. The stock has successfully completed waves (1), (2), (3), and (4), and now appears to be unfolding wave (5). Within wave (5), we have finished waves 1 and 2 and are potentially starting wave 3 on the daily time frame. Key Levels: Invalidation Level: The low of wave (4) at 2221 serves as the invalidation point for this bullish wave count. If the stock price falls below this level, the current Elliott Wave structure would be invalidated. Target Levels: Based on the wave structure, the potential targets for wave (5) are in the range of 3500 to 4000. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD is positively aligned on both daily and weekly time frames, indicating bullish momentum. RSI (Relative Strength Index): The RSI is also showing strength, being positively aligned in both daily and weekly time frames. This supports the view that the stock is in a bullish phase. Wave (5) Characteristics: Wave (5) in Elliott Wave theory often represents the final leg of the primary trend. It is usually characterized by strong momentum and can sometimes extend to unexpected levels, especially if wave (3) was not the longest wave. The unfolding of wave (5) suggests that Galaxy Surfactants has significant upside potential. Conclusion: Galaxy Surfactants is showing a strong bullish setup according to Elliott Wave theory. With the stock potentially starting wave 3 of wave (5) and supported by positive MACD and RSI indicators on both daily and weekly time frames, the outlook is highly positive. The invalidation level is pegged at 2221, with targets towards 3500 - 4000 levels. Investors should monitor these levels closely to confirm the wave structure and potential continuation of the bullish trend. 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:GALAXYSURFLong
by RK_Chaarts
2
Hellena | EUR/USD (4H): Long to the target 1.08144.Dear Colleagues, after such sharp moves and breaks, the wave markings may look a little strange and break some rules, but this is rare. In this case, I still assume that all this movement is a movement in wave “2”. And it won't be long before the long awaited upward movement begins. Plus, the gaps are most often closed. I expect that the price will push from the support area 1.07018, then come to the target 1.08144. This is the nearest target. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long
by Hellena_Trade
Hellena | SPX500 (4H): Long to the area of 5443 level.Dear colleagues, since the 5351 level has been broken, I believe that wave “2” has been completed, which means that wave “3”, which consists of five small waves, is currently developing. Now I assume that either the price will continue the small wave “1”, or will form a small wave “2” in the area of 61.8% Fibonacci level, then continue the upward movement to the area of 5443 level. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:SPX500USDLong
by Hellena_Trade
10
Oracle (ORCL): Bearish Scenario with Long-Term PotentialSince our last analysis of Oracle on the daily chart, there has been little significant change. The stock moved into our Wave (B) zone between $128 and $138, and after reaching a high of $132.77, it was rejected. A trendline was broken but quickly reclaimed, suggesting a potential push upward. We anticipate Wave 3, the subordinate wave, to find support around $91 to $86. Currently, everything indicates a falling trend, and unless the price rises above the recent high of $132.77, we expect continued downward movement. However, our primary scenario remains bearish, expecting a further sell-off down to the range between $80 and $50. This range is broad but suitable for long-term entries. We see no issue with the size of this target zone, as it offers good long-term potential.
NYSE:ORCLShort
by freeguy_by_wmc
Hellena | EUR/USD (4H): Long to 61.8% Fibo lvl 1.09710.Dear Colleagues, I believe that wave “2” has been completed, which means that price is now forming wave “3”. I expect the price to make a correction in the small wave “2” in the area of 1.08181, then I expect an update of the high. I expect the price to reach at least the area of Fibonacci 61.8% extension level (1.09710). Then we will see what will happen next. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long
by Hellena_Trade
14
Hellena | Oil (4H): Long, correction to the area of 76.326.Dear colleagues, I have analyzed for a long time and came to the conclusion that the price will probably continue to decline, but at the moment I see that wave “3” is not formed yet, and therefore wave “4” is not formed either. Therefore, I expect a correction to the area of 76.326, but it is desirable that the price does not reach the level of 76.50, because this is the minimum of wave “1”. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDELong
by Hellena_Trade
10
Hellena | EUR/USD (4H): Long to resistance area 1.08877.Dear Colleagues, I have redrawn the waves and I believe that the upward movement will still take place, but later than I expected earlier. I believe that the price is completing the corrective wave “2”. I assume that the price may push from the area of 50% Fibonacci Level 1.07481. Then I expect an upward movement to the nearest high of 1.08877, which is an area of strong resistance. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Long
by Hellena_Trade
31