JIOFIN – Correction Ahead? Watch ₹304 and ₹285
NSE JIOFIN has started an impulsive cycle from the low of ₹198.65. The ATR of the price is 7.87, while the ADX stands at 20.77. The price is currently trading above the 50, 100, and 200-day EMAs. The stock moved from around ₹203 to ₹335 in five clear waves, marking the completion of Wave (3). The price touched a high of ₹335.30 and is now showing signs of resistance near that level.
A natural correction is expected as part of Wave (4), which is a common pause in the trend before the final leg (Wave 5) resumes. The possible support zones for this correction lie at ₹304.05 (23.6% retracement) and ₹284.75 (38.2% retracement). If the price sustains above ₹335.30, traders can aim for the following targets: ₹342 – ₹355 – ₹368+.
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NSE HEROMOTOCO – Bullish Setup
Timeframe: Daily
NSE HEROMOTOCO has formed a strong support zone near 4200. The ADX of the price is 14.09, while the ATR of the price is 92.60. The higher band of the range is 4415. There have been a total of seven support attempts at the lower band and five support attempts at the upper band of the range.
The buyers have an opportunity with a solid bullish outlook, where traders can go long until the price exceeds 4415. If the price sustains above 4270, traders can trade for the following targets: 4330 – 4379 – 4440+.
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Spot on analysis!
Stellar work!
Hello sir, Your work is top-notch, and I’m truly impressed.
Good analysis sir