NSE ENDURANCE started a new impulsive cycle from the low of 1675. Volume was low during the early rally and increased near the highs, indicating strong buying interest. In the recent rise from 2463, steady volume growth suggests fresh accumulation and supports a bullish move. ATR shows the stock’s daily volatility is about 99, while ADX at 29.57 indicates a moderately strong and strengthening trend.
According to the wave projection, the price has completed wave (v) of wave 3 at 3030 and wave C of wave 4 at 2463. Currently, the price has started forming wave (iv) of wave (5). The price has also broken through the strong resistance of wave B at 2764. If the price breaks out and sustains above 2830, traders can go long with potential targets at 2945 – 2990 – 3025+. This setup is valid until it exceeds the high wave (i) at 2692.
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The recent price action shows nifty struggling around key support levels. Kindly update Nifty and Finnifty.
have we started for 3380?
already have 1500 Qty at @2625 avg price, any suggestion for partial profit booking?