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CGPOWER – Final Bear Wave Before the Bounce

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Free nse cgpower chart calls
Free nse cgpower chart calls
Figure 1. NSE CGPOWER – Elliott Wave Projection

NSE CGPOWER has been falling for a long time and is making lower highs and lower lows. The 200 EMA shows a bearish trend, and higher volume during the sharp fall indicates strong selling pressure. The price is now forming the final Wave 5 (C) of the corrective pattern. Traders can look for selling opportunities with targets around 540 – 510 – 465+.

After wave (C) is completed, buyers can enter the trade only after getting a strong confirmation.

Premium subscribers will get a trade setup with entry, exit, and invalidation levels.

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