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Wave Analysis

Elliott Wave Analysis of HCLTECH: Wave 5 in FocusElliott Wave Analysis of HCLTECH In this analysis, we will examine the Elliott Wave count of HCL Technologies Limited (HCLTECH) and provide insights into the current wave structure on various time frames. This is purely for educational purposes and should not be taken as investment advice. Monthly Time Frame: Bigger Wave I and II: HCLTECH has completed its Bigger wave I and II on the monthly time frame. Wave III: The stock is currently unfolding wave III on the monthly time frame. Weekly Time Frame: Within wave III, we observe weekly counts unfolding as subdivisions in wave ((1)) & ((2)). The stock is currently in wave ((3)). Inside wave (3), subdivisions as wave 1-2-3 & 4 have been completed. Daily Time Frame: We are now possibly unfolding wave 5, which is a subdivision of wave ((3)). Wave 4: The daily wave 4 has completed its subdivisions as wave ((w)), ((x)), ((y)), ((x)), and ((z)). Wave ((i)) of 5: If our assumptions are correct, we have started to unfold wave ((i)) of wave 5. Key Levels and Risk Management: Invalidation Level : The low of wave 4 is set at 1435, serving as the invalidation level for going long. This is the stop loss level to be mindful of when entering a trade. Upside Target : Wave 5 could cross above the highs of wave 3, which is the all-time high at 1697, and more. Insights: Confirmation of Trend: Watch for a clear breakout and confirmation of trend to validate the start of wave ((i)) of 5. Caution: As with any investment, caution should be exercised, and risk management is essential. Market Behavior: Keep an eye on market behavior and patterns as they unfold to validate the count. This analysis is intended for educational purposes only and should not be considered a trade or investment tip. Always conduct your own analysis and consult with a professional before making any investment decisions. 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:HCLTECHLong
by RK_Chaarts
GOLD XAUUSD ANALYSIS NEXT WEEK, April 29 - May 03.Here is the market outlook on Gold (XAUUSD) for the coming week from 29th of April to the 03rd of May. It is a clear projection of what is mostly likely to happen on Gold next week. ANALYSIS; In monthly timeframe there is increase in rejection compared to previous week. This is a clear indicator of increase in sellers at the current price level. Two trading days are left for the monthly candlestick to close, therefore it is highly likely to close with more rejection. In weekly timeframe price is providing more evidence for expected three wave swing idea as this weekly candlestick has clearly engulfed the previous weekly candlestick. In this way price is expected to rise slightly then continue with the bearish momentum. In daily timeframe price has well respected the previous weekend analysis by opening with a stronger bearish candlestick on Monday. A dynamic support has turned into resistance and maintained price below it since Tuesday. This trendline provide a level for taking trading decisions next week. In four hour timeframe price has maintained the dynamic resistance explained in daily timeframe. This trendline is supported by having a possible ABC correction move to the upside during retest. At this timeframe take consideration of static levels runing through 2330 below price and 2360 above price. Trading decisions will highly base on these two static levels. PRIMARY PROJECTION; Consider selling Gold when price break, close and retest a 2330 static support. ALTERNATIVE PROJECTION; Consider taking sells when price form sell confirmation around 2365 static resistance.
SAXO:XAUUSDShort
by ASAMForex
SOLANA - $600 on the Cards?👀📉Hi Traders, Investors and Speculators of Charts📈 Solana has made some great increases, and it's retraced back to support levels. I've been bullish on Solana since the beginning of 2024, when SOL was still sub $100. Take a look here at other altcoins that we've been watching: By looking at the Drop-and-Pop fractal we've been watching, we can conclude that for the short term, the support zones should hold at $140, with wicks as low as $120. When incorporating this into Elliot Wave Theory, our next impulse up (wave 4-5) should take us to roughly $290. But it doesn't end there. When we zoom out, and view the chart from a macro perspective, we see a different structure of Elliot waves... We're possibly still in wave 0-1! And if we use the same Elliot wave ratios to calculate wave 5, (% of wave 1 OR 161.8 x wave 1 length) then wave 4-5 takes us even beyond $600. It's important to note though, that this is a multi-month and potentially multi-year target. Although SOL has previously increased 500% in a few weeks, the markets are more mature than they were in early days with many more adopters and institutional investors joining the game. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck COINBASE:SOLUSDT BINANCE:SOLUSDT
Long
by CryptoCheck-
1
EUR/CAD +65 Pips Congratulations if u entered with me According to the price condition now it is facing a very strong resistance that forms a celling to it right now and it created a downtrend line with 2 waves and now we are about to create the third wave. If u used ur fib tool u will see that the price is near the 61% and 71% fib level that’s why i chose to put a sell limit order around 1.46750. I also chose 50 pips to be my stop loss as if the price came above 78% fib level and closed with a daily candlestick it means for me that the price will continua rallying up and the downtrend will end. And for the take profit i prefered to take around 250 pips. Hope u guys make good profits with me and if u entered with me are u agree write to me in the comments.
Short
by Forex_Wealth_Factory
EUR/CHF: A Move above 0.9725 can push EURCHF furtherEUR/CHF: A Move above 0.9725 can push EURCHF further EURCHF already recovered the bearish movement created from the new conflict between Israel and Iran. The price is already in a critical zone. it is very risky to sell and risky to buy without confirmation... 📺You may watch the video for further details📺 Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
EUR/JPY Short and EUR/USD ShortEUR/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
US100 is Testing 17700 - Will it lead to a bearish pullback?US100 is Testing 17700 - Will it lead to a bearish pullback? The price is testing a strong resistance zone near 17700. The GDP data and FOMC during the coming weeks can create enough momentum to push the price down more. 📺You may watch the video for further details📺 Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
CAPITALCOM:US100Short
by KlejdiCuni
5