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Wave Analysis

Upside price movement Can start in Hdfc Life insurance According to Elliott wave analysis, Price is all set to start its wave 3 till 1000rs first target. Fundamentals are supporting its technicals so its perfect time to buy in price range 620 to 650 Date 20 dec 2024 1=Balance sheet- good, 3 on 3 2= a= sales, profit- increasing, highest this year b= employee & staff expense- increasing c= interest- 0 d= profit before and after tax- highest 3= Investor - fii/dii are there, public has only 6% 4=Credit Rating = AAA 5= General details a= Market cap=1,33,600cr b= pe=79 ,median pe= 91, industry pe=53.4 c= ROCE=6.6 , ROE=11.4 , Debt = no Amazing Fundamentals.
NSE:HDFCLIFE
by mohitdevelopments
Steadfast Group Limited | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Steadfast Group Limited - Double Formation * (Neckline) At 6.1600 AUD | Subdivision 1 * Retracement | Not Numbered - Triple Formation * Trend Line 1 & 2 | Survey Valid | Subdivision 2 * 012345 | Wave Count | Configuration Entry | Subdivision 3 * Retracement | Numbered At Daily Time Frame Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:SDFAULong
by TradePolitics
AUD/JPY Short and GBP/AUD ShortAUD/JPY Short Minimum entry requirements: • Break above area of value. • 1H impulse down below area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/AUD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach forms, 15 min risk entry within it.
Short
by StewySongs
RENDER trade entry set upLong term analysis On a weekly timeframe, BINANCE:RENDERUSDT is developing a powerful bullish wave since January 2023. The last corrective wave (around -70%) seems to be ending with a reversal pattern. In addition we have a weekly golden cross signal which from history gave good opportunities from the last 2 waves and the flat and narrow bollinger bands hint at a potential explosive move upward. Strategy Buy on the break of the resistance line of 7.70$. Objective 1: back to the next resistance at 9.80$ (+30%) Objective 2: ATH at 13.50$ (+75%) Objective 3: Wave V extension around 30$ (+290%) Invalidation Mental Stop: below the last low of 6.90$ If prices retrace to this level we will wait for the daily close price then set a Stop loss ¼ or Risk below the weekly close price.
Long
by pollux3000
BTCUSD - Bitcoin's global uptrend is complete.BTCUSD - Bitcoin's global uptrend is complete. the global uptrend on Bitcoin (BTC) has come to an end. This point of view has caused an active discussion among traders and investors, especially after key support levels were broken and the market entered a prolonged correction phase. The main arguments of the “wave-watchers” Completion of the 5th Elliott Wave According to Elliott's theory, the global uptrend consists of five waves: three impulsive and two corrective. Some analysts argue that the fifth wave ended at Bitcoin's all-time high around $69,000 in 2021, after which a long correction cycle began. ABC-shaped correction development After the completion of the fifth wave, the market may form a correction in the form of three waves (ABC). Bitcoin's current dynamics, including the price decline in 2022, is seen as the realization of this correction structure. Loss of key support levels Levels that used to serve as strong support (e.g. $30,000 and $20,000) have been broken. This reinforces the view that the market is already out of its global bullish trend phase. Declining institutional interest Many large investors have slowed down their investments in Bitcoin, which also indicates a possible downturn in the long-term uptrend. What to expect next? Wave structure The current correction may be temporary and the market will enter a new phase of growth (the beginning of a new cycle of waves). Key levels to confirm the trend If the price comes back and consolidates above $30,000-$35,000, it will be a strong signal of bullish trend continuation. A move below $10,000 could confirm the end of the global uptrend. Long-term outlook Bitcoin is still an attractive asset to hedge, especially given its limited supply (21 million coins).
CRYPTO:BTCUSDShort
by Trade_Hive_Signals
1
Usoil trade WTI moves below 69.00, further downside seems possible due to stronger US Dollar West Texas Intermediate Oil price extends its losing streak for the fifth successive session, trading around $68.90 per barrel during the Asian hours on Friday. Crude Oil prices, denominated in dollars, are on track for a weekly decline due to a stronger US DollarCrude Oil, commonly known as petroleum, is a naturally occurring fossil fuel liquid composed of hydrocarbon underground deposits and organic materials. The prices of this popular commodity are measured in USD. Saudi Arabia, Russia, United States, Iran and China are the countries producing more oil. On the other hand, United States, China, Japan, Russia, and Germany are the countries consuming more oilCrude oil is classified into various grades according to density (heavy vs light) and sulphur content (sour vs sweet). The lighter and sweeter the crude, the higher the price it can be sold, because refiners can produce higher yield of high quality refined products from it. Density is measured by API gravity, a measure developed to compare the density of petroleum with water (API > 10 means the liquid floats on water) but is now widely used to compare among crude oils. API degree is inversely related to the density of crude oil. In general, crudes of API between 40-45 degrees can be sold at greatest commercial values
TVC:USOILShort
by KingForex078
JUP entry set upLong term analysis BINANCE:JUPUSDT is a relatively new project which witnessed a powerful bullish wave in the first quarter of 2024. Since then a 8 month consolidation followed which is attempting a breakout move. On the weekly timeframe we have a golden cross, flat and narrow Bollinger band and a potential breakout to watch closely in order to take a good trade entry setup Post Breakout Strategy Buy on the break out of the 1.25$ resistance to play the potential explosive move upward corresponding to the Vth Elliot wave: Objective 1: back to ATH at 1.70$ (+35%) Objective 2: Vth wave extension around 4.50$ zone (+250%) Objective 3: Trend following strategy Invalidation Mental Stop: below the last low of 1.03$ If prices retrace to this level we will wait for the daily close price then set a Stop loss ¼ or Risk below the weekly close price.
Long
by pollux3000
Coca-Cola Company (KO) - Long Setup After One More Leg DownWe're identifying a potential long setup on Coca-Cola's weekly chart. The price is moving towards a key buy zone near the 0.618 - 0.786 Fibonacci retracement levels, a strong area of historical support. This setup indicates a favorable risk-to-reward ratio for a bullish rebound. Trade Details: - Entry (Buy Zone): $59.88 - Stop-loss: $57.15 Targets: - Target 1: $65.12 (0.382 retracement) - Target 2: $78.82 (0.236 retracement) Analysis: The confluence of Fibonacci levels within the buy zone enhances the probability of a reversal. Monitor price action closely as it approaches this zone. This is a swing trade setup with a medium to long-term timeframe.
NYSE:KOLong
by MrStockWhale
Freshworks: Why you should consider this company as a good buy.Hello, Today we shall be looking at Freshworks. Freshworks, Inc. is a software development company, which engages in software-as-a-service products. Its products include Fresh desk, Fresh service, Fresh sales, Fresh marketer, and Fresh team. You can find more details on the company here www.tradingview.com TECHNICAL ANALYSIS- Checklist Structure drawing (Trend line drawing on past price chart data)- As shown in chart below Patterns identification (Naming patterns on past price chart data for future wave)- The price is correcting & forming a flat pattern Future indication (Reading indicator for future wave)- 0 crossover on MACD Future wave (Drawing on future price chart using future indication from indicator)- As shown in the chart below Future reversal point (Identifying trend reversal point on price chart using structure)- Target at the top as shown This is as shown here: Third Quarter 2024 Financial Summary Results Revenue: Total revenue was $186.6 million, representing growth of 22% compared to total revenue of $153.6 million in the third quarter of 2023, and 22% adjusting for constant currency. GAAP (Loss) from Operations: GAAP (loss) from operations was $(38.9) million, compared to $(38.7) million in the third quarter of 2023. GAAP Net (Loss) Per Share: GAAP basic and diluted net (loss) per share was $(0.10) based on 302.1 million weighted-average shares outstanding, compared to $(0.11) based on 294.1 million weighted-average shares outstanding in the third quarter of 2023. Non-GAAP Net Income Per Share: Non-GAAP diluted net income per share was $0.11 based on 302.7 million weighted-average shares outstanding, compared to $0.08 based on 302.6 million weighted-average shares outstanding in the third quarter of 2023. Net Cash Provided by Operating Activities: Net cash provided by operating activities was $42.3 million, compared to $23.9 million in the third quarter of 2023. Free Cash Flow: Free cash flow was $40.1 million, compared to $22.1 million in the third quarter of 2023. Cash, Cash Equivalents and Marketable Securities: Cash, cash equivalents, and marketable securities were $1.05 billion as of September 30, 2024. To follow on company news see www.tradingview.com Our recommendation Freshworks is strategically positioned for future growth. Over the past five years, its revenue has consistently increased, and the company is showing promising signs of nearing profitability. Achieving profitability will unlock additional cash flow, enabling Freshworks to reinvest in its operations and expand into untapped markets, fueling long-term growth. From a technical analysis perspective, the stock has been consolidating in a sideways correction over the past two years, reflecting a period of accumulation. Recent momentum peaked in October 2024 and the stock rose over 50% in a few days, with clear indications of a potential breakout as investor interest intensifies. In the shorter timeframe, a minor correction appears currently underway, presenting an attractive entry point for new investors around the $15 level. With a medium-term target of $24, this setup offers a compelling opportunity for value-seeking investors looking to capitalize on Freshworks' upward trajectory. Our recommendation is a strong buy on this stock at the current areas with a target of $24 per share. Current price: $16.41 (11th December 2024)
NASDAQ:FRSHLong
by thesharkke
10
Starbucks (SBUX) - Long Setup On a ReversalWe're monitoring a potential bullish setup for Starbucks on the daily timeframe. The price is approaching a key buy zone, identified at the 0.618 - 0.786 Fibonacci levels, which aligns with previous structural support. This presents an opportunity for a reversal to the upside. Trade Details: - Entry (Buy Zone): $83.69 - Stop-loss (Red Zone): $76.79 Targets (Green Zones): - Target 1: $91.24 (0.382 retracement) - Target 2: $110.85 (0.236 retracement) Analysis: The bullish bias is supported by the confluence of Fibonacci retracement levels and the structural buy zone. Look for a bounce in this zone, with upside potential to the 0.382 and 0.236 retracement levels. This is a swing trade setup, so patience is key.
NASDAQ:SBUXLong
by MrStockWhale
ANF rocket fuel primed: Price Discovery ActivatedGreetings Everyone, I couldn’t delay sharing this exciting analysis on Abercrombie & Fitch (ANF), as it’s showing a significant technical setup that demands immediate attention. Supplementary Photos: www.dropbox.com 🌀 ANF’s Fourth Wave Triangle: What’s Unfolding? Abercrombie & Fitch is currently forming a classic 4th wave triangle as part of a larger Elliott Wave structure. Based on my analysis, it appears this consolidation phase has just completed, setting the stage for a potential breakout into the 5th wave. Here’s why this matters: 📈 Key Insights into ANF’s Wave Structure Fourth Wave Triangles in Elliott Wave Theory Fourth waves often manifest as contracting triangles—periods of lower volatility and sideways price action. These patterns serve as a pause in the trend before the final impulsive wave (Wave 5). ANF’s price action fits this structure perfectly, with decreasing volume during consolidation, a hallmark of Elliott Wave triangles. What’s Next? : If the triangle breakout is confirmed, I anticipate a strong 5th wave rally. Support and Resistance Zones The lower boundary of the triangle is providing robust support, while the breakout level near the upper resistance aligns with key Fibonacci retracement levels. Monitor for volume spikes as price approaches the breakout zone—this will validate the bullish move. Volume Dynamics Similar to what we’ve seen in past examples (like Chainlink’s accumulation breakout), volume during the breakout phase is crucial. ANF recently showed strong buying pressure near the triangle’s apex, indicating potential momentum. 📊 Strategy and Risk Management To maximize this opportunity, here are the key levels and strategies to consider: • Entry Point: A confirmed breakout above the triangle’s resistance with sustained volume. Stop-Loss: Place stops just below the triangle’s lower boundary to limit downside risk. Target: Based on Elliott Wave projections, the 5th wave could aim for 1.618 extension of Waves 1–3. Keep this level in focus as a profit-taking zone. Invalidation: A breakdown below the triangle would signal that the 4th wave correction is incomplete or that the larger wave structure is failing. Why This Setup is Important Abercrombie’s breakout would align with: • Broader market recovery trends. • Improved earnings performance (as seen in its Q3 highlights). • Continued strength in consumer spending and brand expansion efforts. Closing Thoughts This is a pivotal moment for ANF. With the completion of the 4th wave triangle
NYSE:ANFLong
by coilemard
3
Tesla (TSLA) - Short Setup Incoming Tesla (TSLA) - Short Setup Looking at Tesla on the 1-hour chart, we are observing a potential bearish scenario. The price has retraced into the 0.618 - 0.786 Fibonacci zone, forming a reversal structure in line with Elliott Wave principles. This zone coincides with the prior breakdown level, making it a critical area of interest. Trade Details: - Entry: $462.27 - Stop-loss: $476.65 Targets: - Target 1: $403.07 - Target 2: $360.66 Analysis: The current bearish impulse indicates a possible continuation to the downside. With the first target near $403.07 (0.236 extension), this area will be watched closely. If momentum persists, we could see a push toward $360.66, aligning with the -0.382 extension.
NASDAQ:TSLAShort
by MrStockWhale