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Tradesetup – BAJFINANCE, IRCON, M&M, TATASTEEL & More

Free nse kotakbank chart calls
Free nse kotakbank chart calls
Figure 1. KOTAKBANK Elliot Wave Projection

NSE KOTAKBANK – Elliott Wave Projection

NSE KOTAKBANK , on the 4h timeframe, has just broken out 20 EMA and is taking resistance from 50 EMA. The price is trading below the 100 & 200 EMA. At this glance, it looks like the price has accomplished wave C at 1931, and is preparing for the final wave, an impulse cycle. But the current upward move can be part of the corrective wave 4 of wave C. Wave C = wave A at 1995.9

NSE TATASTEEL – Bullish Momentum Above 170.68

NSE TATASTEEL was consolidating within the 168.42 – 170.20 range. The price is trading above the 50/100/200 EMA, indicating bullish momentum. With an ATR of 3.10, the price shows moderate volatility, while the ADX at 27.17 signals a strengthening trend.

The bulls are currently testing a strong supply zone near 170.1. If the price sustains above 170.68, traders can look for long opportunities with targets at 172.65 – 174.80 – 177.20+. For free subscribers, the previous day’s low can be considered as the invalidation level.

Bajaj Finance Futures – Ready for Rally, Entry Above 1010

After reaching a high of 1027, NSE BAJFINANCE FUT has formed a Doji candle on the 4-hour chart, with an ATR of 49.12 and an ADX of 12.61, indicating weak trend strength. On the daily chart, the ADX is 28.34, suggesting a strengthening trend, while the ATR of 19.19 reflects moderate volatility.

The last price swing was a bullish impulse, so we will focus on long opportunities. A potential long trade can be considered above 1010, with target levels at 1015 – 1021 – 1036+. Free subscribers can take the previous day’s low as an invalidation level.

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NSE IRCON – Premium Setup

NSE M&M FUT – Swing Setup

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Mr.Guru(s) is a team of stock market certified technical and research analysts with over 20 years of experience. They are regular guests on popular online channels and contribute articles to several financial publications. Their insights and advice are respected by investors worldwide. With their collective knowledge and expertise, they have a proven track record of successfully predicting market movements and identifying profitable opportunities.

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3 Comments

  1. i agree with your banknify chart and so as kotakbank, I think we are in correction still we will get a good jump upper side.

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