BECTORFOOD - Long Set Up at WAVE C completion zone
\🛑 MRS BECTORS FOOD (NSE: BECTORFOOD) - Daily Chart Analysis\
\📍 Setup:\
Classic \ABC corrective structure\ likely completed.
📉 Wave (A) → ⚡ Retracement (B) → 📉 Final leg (C) into a \high-probability support zone\.
---
\🟩 Wave C Completion Zone: ₹1326 – ₹1362\
• Price entered and respected this \key demand zone\.
• Previously acted as a strong support + rejection area.
• Now showing early signs of accumulation — possible bottom formation.
---
\📈 Long Trade Idea\
\[1] \Entry Zone\: ₹1326 – ₹1365
\[2] \Stop Loss\: Day close below \₹1313.90\
\[3] \Target 1\: ₹1500
\[4] \Target 2\: ₹1742
\[5] \Risk-Reward\: \~1:3+
---
\⚠️ Invalidation Scenario\
• \Close below ₹1313.90\ will invalidate the bullish structure.
• Price may then drift toward \₹1071\ — opening bearish continuation possibility.
---
\🧠 Trade Notes\
• Wait for \bullish candle or strong volume\ confirmation near the zone.
• Zone has proven history of \strong rejections\.
• Good setup for \swing trades\ with risk-defined entry.
---
\📌 Summary:\
Wave C likely completed — positioned for a bounce.
\Risk-defined long\ setup with significant upside potential.
---
🔔 Like this setup? \Follow for more real-time Elliott Wave ideas!\
---
\Disclaimer:\ Not SEBI Registered. For \educational purposes only\. Please do your own research before investing.
\📍 Setup:\
Classic \ABC corrective structure\ likely completed.
📉 Wave (A) → ⚡ Retracement (B) → 📉 Final leg (C) into a \high-probability support zone\.
---
\🟩 Wave C Completion Zone: ₹1326 – ₹1362\
• Price entered and respected this \key demand zone\.
• Previously acted as a strong support + rejection area.
• Now showing early signs of accumulation — possible bottom formation.
---
\📈 Long Trade Idea\
\[1] \Entry Zone\: ₹1326 – ₹1365
\[2] \Stop Loss\: Day close below \₹1313.90\
\[3] \Target 1\: ₹1500
\[4] \Target 2\: ₹1742
\[5] \Risk-Reward\: \~1:3+
---
\⚠️ Invalidation Scenario\
• \Close below ₹1313.90\ will invalidate the bullish structure.
• Price may then drift toward \₹1071\ — opening bearish continuation possibility.
---
\🧠 Trade Notes\
• Wait for \bullish candle or strong volume\ confirmation near the zone.
• Zone has proven history of \strong rejections\.
• Good setup for \swing trades\ with risk-defined entry.
---
\📌 Summary:\
Wave C likely completed — positioned for a bounce.
\Risk-defined long\ setup with significant upside potential.
---
🔔 Like this setup? \Follow for more real-time Elliott Wave ideas!\
---
\Disclaimer:\ Not SEBI Registered. For \educational purposes only\. Please do your own research before investing.
Transaction en cours
Price action has validated the intermediate Wave C termination zone (1,336-1,362), establishing a technical foundation for bullish continuation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.