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\.
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\🟩 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.
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\📈 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+
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\⚠️ Invalidation Scenario\
• \Close below ₹1313.90\ will invalidate the bullish structure.
• Price may then drift toward \₹1071\ — opening bearish continuation possibility.
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\🧠 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.
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\📌 Summary:\
Wave C likely completed — positioned for a bounce.
\Risk-defined long\ setup with significant upside potential.
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🔔 Like this setup? \Follow for more real-time Elliott Wave ideas!\
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\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.
Trade aktif
Price action has validated the intermediate Wave C termination zone (1,336-1,362), establishing a technical foundation for bullish continuation.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.