MAHINDRA & MAHINDRA Stocks Elliott Wave Technical Analysis
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By tradinglounge · Posted
Copper Elliott Wave Analysis Copper has been advancing steadily since its August 7th low, with gains exceeding 14%. The commodity is poised for further upside, potentially reaching the 4.7 resistance level before a notable pullback occurs. Looking at the broader picture, Copper has been in a long-term bullish trend since March 2020. During this time, a diagonal structure seems to be forming, with waves (I), (II), and (III) of the supercycle degree completing in March 2022, July 2022, and May 2024, respectively. Following this, wave (IV) began in May 2024 and found support in August 2024. There are now two possible scenarios for wave (IV). It may have completed as a zigzag structure or could extend into a double zigzag if the current rally fails to surpass the May 2024 high. If the current bounce from August 2024 progresses as an impulsive wave, this would confirm the completion of wave (IV) and the initiation of wave (V). However, if the bounce unfolds as a corrective structure, a further leg lower for wave (IV) remains possible. The key level to watch is 4.62. A break above this level would confirm the long-term bullish continuation for wave (V). Conversely, if the rally fails to breach 4.62, the likelihood of further downside increases, favoring a prolonged wave (IV). Despite this, the overall bias remains to the upside until a definitive reversal occurs. On the H4 chart, we are observing a dip for wave (4) of the primary degree wave 3 (circled). This pullback is anticipated to find support between the 4.43 and 4.36 levels. Once support is established, wave (5) is expected to push Copper higher, targeting the 4.62 to 4.7 range. In conclusion, Copper remains in a long-term bullish trend, with the current bounce determining whether wave (IV) has ended or another leg down is required. Traders should watch for a break above 4.62 to confirm the next major upside move. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
DELL Elliott Wave Analysis Trading Lounge Daily Chart, Dell Technologies Inc., (DELL) Daily Chart DELL Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minute {iii}. DIRECTION: Upside into wave {iii} of 1. DETAILS: Looking for a bottom in place in wave (4), which as of right now needs additional confirmation, which could be provided by a classic Trading Levels pattern across MG1 of 100$. DELL Elliott Wave Analysis Trading Lounge 1H Chart, Dell Technologies Inc.,(DELL) 1H Chart DELL Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave (i) of {iii}. DIRECTION: Completion of wave (i). DETAILS: Looking for one more leg up towards what appears to be wave v of (i), as we seem to be moving sideways within a triangle. In this Elliott Wave analysis for Dell Technologies Inc. (DELL), we explore both the daily and 1-hour charts to assess the stock's current price action and structure. This provides insight into potential opportunities for traders based on wave positioning and upcoming market moves. * DELL Elliott Wave Technical Analysis – Daily Chart* On the.daily chart, Dell Technologies is in an impulsive within Minute Wave {iii} of 1. The stock is searching for confirmation of a bottom in Wave (4). A key area to watch is MG1 (Minor Group 1) at $100, which could serve as support or a pivot level. A classic Trading Levels pattern around this level would offer additional confirmation that Wave (4) has ended and Wave {iii} is underway. The upcoming price action is expected to be bullish As wave {iii} unfolds, with an initial target likely pushing past the $100 mark. * DELL Elliott Wave Technical Analysis – 1H Chart* In the 1-hour chart, Dell is in Wave (i) of {iii}, and we are approaching the final leg up within Wave v of (i). The stock appears to be moving sideways, forming a triangle pattern, which often occurs before the last thrust in a wave sequence. Once Wave (i) is complete, there may be a minor correction before further upside within Wave {iii} resumes. Traders should monitor the breakout from the triangle, as it will likely lead to the completion of this initial wave. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here! -
By Cryptowarrior · Posted
Dogwifhat (WIF), a popular meme token, has defied recent market declines and surged to the top of CoinMarketCap’s gainers list. With strong momentum building, the question is: can this rally continue? Impressive 24-Hour and 7-Day Gains 24-Hour Surge: Dogwifhat’s price jumped by 5.93% in the last 24 hours, reaching $1.97 as per Coinpedia Markets data. 7-Day Growth: Over the past week, the token has grown by 25.58%, signaling a strong bullish trend. Rebound After Decline: After dropping more than 70% from its all-time high (ATH), WIF's current rise has caught the attention of investors and traders alike. Analyst Insights: Is the Bullish Rally Sustainable? Technical analyst Bluntz has pointed out that Dogwifhat successfully broke through a key downtrend line on its daily chart. This breakout is seen as a potential turning point, indicating that the token may be on the verge of sustained bullish momentum. Breakout from Downtrend: Bluntz’s analysis suggests that this could be more than just a temporary price rise, with traders showing renewed excitement about WIF’s prospects. On-Chain Data Backs the Bullish Outlook Further supporting this technical analysis, on-chain data reveals growing interest in WIF. Open Interest (OI): According to Coinglass, WIF’s OI has surged by 29.99%, reaching $304.05 million. This increase in OI signals heightened activity from traders and could lead to further price fluctuations. Long/Short Ratio: In the last 24 hours, the Long/Short ratio sits at 0.9865, showing a slight edge for long positions. This suggests traders are leaning towards a positive near-term outlook for the token. What Lies Ahead for Dogwifhat? With technical analysis and on-chain data both pointing to sustained momentum, Dogwifhat’s recent rally could have room to grow. Wondering where Dogwifhat (WIF) is headed next? For a detailed price prediction and what to expect in the coming days, read our full Dogwifhat Price Prediction article. Don’t miss out on what could be the next big move!
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