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PTC Elliott Wave Count | ₹337 in Sight if ₹200 Breaks ✅ Elliott Wave Count (Verified & Explained) The chart presents a classic 5-wave impulsive Elliott Wave structure: Wave 1: Initial rally, confirmed by a clear breakout. Wave 2: Deep retracement to ~0.786 Fib (around ₹106.95) — valid corrective wave. Wave 3: Strong rally to ₹318.15 — the longest wave, typical of Wave 3. Wave 4: Corrective phase, consolidating sideways (drawn in a yellow box) — does not overlap Wave 1 top, which confirms its validity. Wave 5 (projected): A potential rally to ₹337+, indicated by the orange trendline and Fibonacci projections. 🔍 Fibonacci Levels (Correctly Plotted) 0.618 Retracement from Wave 2 low to Wave 3 top aligns well at ₹137.69 (respected during pullback). 1.618 Extension of Wave 1 from Wave 2 gives ₹248.88, and 100% extension at ₹318.15 (already hit by Wave 3). Final Wave 5 Target projected near ₹337.15. 📊 Technical Indicators (RSI + Volume) RSI (14): Currently at 49.30, slightly bearish-neutral. The RSI-MA is at 53.99, suggesting minor divergence or consolidation. Volume: Lower than peak Wave 3 volume, but not dried up — indicating consolidation or accumulation during current phase. ⚠️ Observations / Mistakes ✅ Elliott Wave Count is technically valid — follows rules (Wave 3 not the shortest, Wave 4 doesn't enter Wave 1 zone). ✅ Fibonacci levels are accurate and meaningful. ⚠️ Wave 5 projection line is hypothetical; current price action still hasn’t broken above consolidation zone (~₹180–200). A confirmed breakout with volume is needed. 🧾 Summary (For TradingView Description) PTC India Ltd – Weekly Elliott Wave + Fibonacci Analysis A textbook 5-wave Elliott impulse is unfolding. Wave 4 appears completed after a long consolidation. Wave 5 targets ₹337, with intermediate resistances near ₹248 and ₹318 based on Fibonacci projections. RSI is neutral but showing signs of recovery; a break above ₹200 with volume can trigger Wave 5. Investors can watch for breakout confirmation with stop-loss below Wave 4 low (~₹130). 🔸 Bias: Moderately Bullish (awaiting breakout confirmation) 🔸 Invalidation: Below ₹130 (Wave 4 low)
NSE:PTC
by Pushpmegh
Long above 13960Nonstop move after the breakout of 10,350, stock is moving in a upward channel respecting upper and lower bend as resistance and support, out of 3 past sessions, stock formed 2 weak candles, today's low at 13,620 can act as immediate support (Not marked), below that stock may find next support at 13,285, 12,720 and zone at 12,010 - 12,210 can be the good support to hold the price from further fall, above 13,960 stock may chase for 14,775, 15,385 and 15,920. (On a weekly TF stock looks quite week so far.) CMP: 13,705
NSE:FORCEMOTLong
by TraderByPassion
EQUITAS BANK-NO BRAINER ??!! Trend & Structure: Price has broken out of a long-term falling trendline, indicating a potential trend reversal. Immediate resistance at ₹65 has been cleared, suggesting bullish momentum. Breakout level is marked and retested, forming a higher low, adding confirmation to the uptrend. Volume: Breakout is accompanied by rising volume, a positive sign of strength and confirmation of buyer interest. RSI (14): RSI is currently at 67.28, approaching the overbought zone (above 70). No visible bearish divergence yet, but worth watching near ₹88 levels. Key Levels: ✅ Support: ₹60 (strong base, also marked as Stoploss) ✅ Breakout Level: Around ₹65 (previous resistance, now support) 🚩 Next Resistance Zones: ₹88 (significant supply zone) ₹111 (major resistance) ✅ What's Good (Strengths): Clear breakout above trendline and prior resistance. Volume confirms breakout strength. RSI shows momentum favoring bulls. Well-marked stop loss and resistance levels. Price action forming higher lows and attempting to form higher highs – early sign of uptrend initiation.
NSE:EQUITASBNK
by Pushpmegh
Alkem- Healthy Correction, Strong Base – Poised for Final wave!ALKEM LABORATORIES – Weekly Elliott Wave View The chart presents a clear 5-wave Elliott impulse in progress. Wave 4 appears to be completed or near completion, resting at the golden 0.618 Fib level of Wave 3. The broader uptrend remains intact inside the long-term channel. Key Levels: Support: ₹4,475 – ₹3,956 Resistance: ₹5,272, ₹6,439, ₹6,700, and ₹8,407 (Wave 5 projection) RSI at 40.58 indicates consolidation but signs of bullish divergence are emerging. A strong bounce from current support could trigger Wave 5 toward new highs. Bias: Bullish | Awaiting Wave 5 Initiation
NSE:ALKEM
by Pushpmegh
KBCGLOBAL Looks bullish!A potential entry is identified at 0.46. The first target is 0.62, representing a +34.78% gain from the entry point. If the upward momentum continues, the long-term target is set at 0.87, offering a total potential gain of +89.13% from the initial entry. This trade presents a strong risk-to-reward profile for both short-term traders and long-term investors. Proper risk management is essential, especially if price action weakens below the entry level.
KLong
by KARTHIK_GREEN_CANDLES
Trade setup HINDZINCHINDZINC Is approaching a key support level at 440. This level is critical for determining the stock's next move. A breakdown below 440 could signal increased bearish momentum, potentially leading to further downside. On the other hand, if the 440 level holds strong and shows signs of support, it could mark the beginning of a bullish reversal. In that case, there's a significant upside potential, with a possible long-term target around 655. For now, it's important to stay patient and wait for a clear signal—either a breakdown or a bounce from the current level—before making any trading decisions.
NSE:HINDZINC
by KARTHIK_GREEN_CANDLES
RELIANCE INFRASTRUCTU - Bullish Flag & Pole Breakout (Daily T/F)Trade Setup 📌 Stock: RELIANCE INFRASTRUCTU ( NSE:RELINFRA ) 📌 Trend: Strong Bullish Momentum 📌 Risk-Reward Ratio: 1:3 (Favorable) 🎯 Entry Zone: ₹385.00 (Breakout Confirmation) 🛑 Stop Loss: ₹293 (Daily Closing Basis) (-23 % Risk) 🎯 Target Levels: ₹412.50 ₹441.95 ₹472.55 ₹506.05 ₹542.30 ₹580.65 ₹616.10 ₹654.00 (Final Target) Technical Rationale ✅ Bullish Flag & Pole Breakout - Classic bullish pattern confirming uptrend continuation ✅ Strong Momentum - Daily RSI > 60, Weekly RSI >60 Monthly rsi >60 ✅ Volume Confirmation - Breakout volume 2.73M vs previous day's 2.69M ✅ Multi-Timeframe Alignment - Daily and weekly charts showing strength Key Observations • The breakout comes with significantly higher volume, validating strength • Well-defined pattern with clear price & volume breakout • Conservative stop loss at recent swing low Trade Management Strategy • Consider partial profit booking at each target level • Move stop loss to breakeven after Target 1 is achieved • Trail stop loss to protect profits as price progresses Disclaimer ⚠️ This analysis is strictly for educational purposes and should not be construed as financial advice. Trading in equities involves substantial risk of capital loss. Past performance is not indicative of future results. Always conduct your own research, consider your risk appetite, and consult a financial advisor before making any investment decisions. The author assumes no responsibility for any trading outcomes based on this information. What do you think? Are you watching NSE:RELINFRA for this breakout opportunity? Share your views in the comments!
NSE:RELINFRALong
by raigvivek
Magellanic Cloud Ltd – 4H Chart Analysis📊 Summary: A cup and handle pattern appears to have broken out but is now retesting the breakout zone. Price is hovering around support at ₹74–75, but weakness is creeping in, with RSI below 41 and declining momentum. 🔍 Technical Insights: Pattern: Classic Cup & Handle breakout, but failed to sustain. Trendline Breakdown: The upward sloping trendline has been breached, signaling possible short-term weakness. Key Support: ₹74–75 zone (previous breakout resistance). Resistance Zone: ₹84.50 (recent swing high). Volume: Declining – indicates lack of buying conviction. RSI: 40.81 (Bearish momentum), below its moving average (50.41). ✅ Suggestions: ⚠️ For Existing Positions: Tighten stoploss to below ₹74 (next major support). Watch price action near ₹74–75. A decisive close below this could drag price toward ₹68 or lower. 🛒 For New Entry (Long): Avoid fresh entry now unless it reclaims the trendline and ₹78+ with strong volume. Consider buying only on: RSI recovery above 50 Price reclaiming ₹78 with bullish candle 🧯 If Support Breaks: Watch next support at ₹68 and ₹63. Avoid averaging down blindly unless volume confirms reversal. 📌 Conclusion: Magellanic Cloud showed promise with a bullish setup, but trendline break and weak RSI point to possible correction or consolidation ahead. Only strength above ₹78 can revalidate the bullish case.
NSE:MCLOUD
by Pushpmegh
Hindustan Motors- Ambassador is BACK!!📊 Summary: After breaking out of a falling wedge, Hindustan Motors is currently in a consolidation phase near resistance zones. A range breakout above ₹35 with volume could open the doors for a bigger rally, while ₹27 acts as immediate support. 🔍 Technical Breakdown: Pattern: Falling Wedge breakout followed by sideways consolidation. Current Price: ₹30.68 Resistance Zone: ₹35–₹36 (upper horizontal red line) Immediate Support: ₹27.00 (lower range bound) Key Demand Zones (Long-Term): ₹23.59 ₹20.76 ₹18.84 Volume: Strong rise in volume during breakout, now cooling off. RSI (14): 56.53 – mildly bullish and trending above RSI-based MA. ✅ Suggestions: Buy Trigger: Weekly close above ₹35–36 range with high volume. Stoploss: ₹26.80 (below range support) Short-Term Targets (Post Breakout): ₹42 ₹48.60 (previous swing high) Accumulation Strategy: Buy near ₹27–28 zone if it pulls back. RSI Trend: Holding above 50 suggests ongoing bullish momentum. ⚠️ Caution: Price needs to decisively break the current sideways box range. Volume must pick up again for a sustained breakout. Avoid fresh entry if it breaks below ₹26.80 – may revisit ₹23–20 levels. 📌 Conclusion: Hindustan Motors has staged a technical comeback and is now consolidating after a strong move. ₹35 breakout is key for further upside. Accumulate on dips, and watch for volume confirmation before breakout entry
NSE:HINDMOTORS
by Pushpmegh
CREDITACCESS GRAMEEN LTD – Weekly Chart Analysis📊 Summary: CreditAccess Grameen has shown a strong recovery from the ₹800 zone and is forming a rounding bottom pattern, suggesting the potential start of a long-term uptrend. The long-term channel from 2020 remains valid, and price is gradually making its way toward the upper range. 🔍 Technical Breakdown: Structure: Rounding bottom formation underway. Long-term Channel: Price respects the long-term ascending channel from Covid lows. Support Zone: ₹800 (historical support + 0.786 Fibonacci retracement of prior rally). Resistance Zone: ₹1,200–₹1,400 (neckline of rounding bottom and mid-channel resistance). Fibonacci Levels: 0.618 retracement held around ₹990. 1.618 extension projects a long-term target near ₹3,218. RSI (14): Currently at 54.39, crossing above the RSI-based MA at 55.19. Indicates improving momentum. Volume: Spike during bounce from ₹800 zone suggests institutional interest. ✅ Suggestions: Investment View: Ideal for long-term accumulation. SL at ₹800 with a holding horizon of 2–3 years. Breakout Watch: A sustained breakout above ₹1,250–₹1,300 with volume can confirm the rounding bottom breakout. Target Projections: Medium-Term: ₹1,450 – ₹1,600 Long-Term: ₹2,400 – ₹3,200 (Fibonacci extension zone) Risk Management: Maintain SL at ₹800 on a weekly closing basis. RSI Bullish Structure: RSI broke its own trendline resistance – a positive divergence signal. ⚠️ Key Risks / Cautions: Price still below neckline resistance – watch for rejection near ₹1,250–₹1,300. Market-wide volatility could affect near-term trend – stay focused on the broader channel and structure. Avoid adding aggressively unless breakout is confirmed with volume. 📝 Conclusion: CreditAccess Grameen is showing a classic long-term reversal setup with strong technical confluence at ₹800. A cup-with-handle structure is maturing. The stock could become a long-term compounder if it breaks out above the neckline. Accumulate gradually with a long-term view.
NSE:CREDITACC
by Pushpmegh
CHEMPLAST SANMAR LTD - Weekly Analysis🔍 Summary: Chemplast Sanmar has been in a prolonged downtrend after peaking near ₹750. Price recently respected key Fibonacci retracement zones and horizontal support near ₹420. Currently, it is attempting to break a falling trendline, with RSI also showing early signs of strength. 🔍 Technical Breakdown: Trend: Downtrend since July 2023 with consistent lower highs. Support Zone: ₹420–₹410 (well tested multiple times) Resistance Zone: ₹450–₹460 (confluence of horizontal and falling trendline) Fibonacci Levels: Key retracement at 0.786 (~₹420) has held. Fibonacci Extension: 1.618 level projects target near ₹843 (only on strong reversal). RSI (14): Currently at 47.38, slightly below 50 but showing a breakout above the RSI trendline. Volume: Moderate, but increasing near support – a sign of accumulation. ⚠️ Observations & Mistakes to Avoid: RSI divergence and breakout from RSI downtrend line is bullish, but confirmation on price is still pending. Volume hasn't spiked significantly yet – wait for volume confirmation before large position. The downtrend line is still intact on price – do not pre-emptively assume breakout. ✅ Suggestions: Breakout Watch: A weekly close above ₹455–₹460 with volume will confirm breakout from the falling wedge pattern. Risk Management: Stop loss for long positions below ₹410 on weekly closing basis. Upside Targets (Post Breakout): ₹490 (Initial target) ₹530 (Fibonacci resistance) ₹590+ (Medium-term) Avoid Fresh Shorts unless price breaks and closes below ₹410. 📌 Conclusion: Chemplast Sanmar is at a decisive juncture. A breakout from the falling trendline with volume could initiate a trend reversal. RSI is improving, and horizontal support has held well. Keep it on radar for potential breakout entry
NSE:CHEMPLASTS
by Pushpmegh
IOLCP – Multi-Year Breakout Setup Forming? | Inverse H&S in FocAnalysis: IOL Chem & Pharma is showing signs of life after years of consolidation. A potential inverse Head & Shoulders pattern is forming with a neckline around ₹90–91. 📍 Key Levels: ✅ ₹91 – Breakout level on daily close ⚡ ₹111 – Multi-year breakout confirmation 🛡️ SL: ₹75 (below recent structure) Volume confirmation is critical for breakout sustainability. RSI is nearing bullish territory, supporting possible upside. 🎯 Breakout Target (on confirmation): ₹135–₹150 zone 📌 Watchlist stock – Needs confirmation. Stay alert for price action around ₹91–₹111.
NSE:IOLCP
by Pushpmegh