Free Stock, Commodity, Forex Trading Tips & Education Articles

NSE Abbott, Adani Ent, & Rossari Biotech Intraday Calls

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free nse ROSSARI stock daily chart tips

Rossari Biotech – Correction Underway: How much?

Rossari Biotech is following Darvas Box Theory in 15 minutes chart. And a breakout of it indicates a direct strong sell signal. The above chart doesn’t need any description.

free nse ADANIENT stock calls 15m chart

Adani Enterprises – New Intermediate Uptrend

Adani Enterprises stock is following a simple parallel channel. The uptrend will be over after the breakout of the support.

Intraday traders must keep their eyes on the support trendline of the parallel channel to take an entry. The price of Adanient will reach 1752 – 1760 – 1770 levels soon.

Abbott IND – Santa Rally Time

Intraday traders can jump on it for the targets of 19200 – 19256. Invalidation is yesterday’s low. It can fire up to 19664.
Rule: complete breakout of 19100.

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Alembic Pharmaceuticals is preparing for Rs. 140+

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free nse alembic stock tips

Alembic is having a double zigzag (W-X-Y) correction of wave ((4)).

Price is stuck on the ending diagonal of wave Y.

According to the Elliott wave principle, if the price breaks up the ending diagonal, the price is supposed to reach the targets of 114-123-139 and more.
However, the price must confirm the trend by breaking the wave (X).

In case, if price breaks the low of wave Y, it can fall up to 79.
At this level, wave W has traveled 100% of wave Y. After that, it will initiate an uptrend for the above targets.To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

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Elliott Wave says NIFTY Going for 16369

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free nse nifty chart tips

Nifty is constructing triple three (X,Y,Z) right now.

Price is about to accomplish sub-wave B of triple three.

Buyers should be ready to exit from their position before the price reaches the nearest lower high at 17639, which is wave (X) of the correction.

According to wave principle, if the price couldn’t sustain above wave X, then the current trend is about to resume.

Currently, nifty’s trend is bearish and, wave C can give a downward motion with the following targets:16909 – 16690 – 16449 – 16369.

Note that price can make an excess at the upper band of the channel.

Trade Setups (only for the safe traders):
Traders can enter when the price rejects the wave (X).
If the price breaks the (X) at 17639, it may be a fake-out. Traders can wait for the price to enter into the parallel channel.

Stop can be the nearest high of the excess which will be out of the channel.

Trade Setups (only for the Lionheart traders):
Lionheart traders can enter in sell position when the price makes rejection of wave (X).
After the price rejection, they can initiate a short position below 17600.

Stop can be high of the new lower high.

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Don’t Get Yourself Into a Bull Trap With MCX Gold

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free commodity gold tips daily chart

Key levels: 47948 – 49290
Gold is rejecting uptrend and downtrend at the level of 47948. And we don’t see a powerful movement in the 2021 year, wherein it throwout the level of 49280 successfully.

Here, you will have a strong support level, wherein we may decide about buying or selling. And it is the level of 47948. Intraday traders can keep buying the gold for targets of 48360 – 48640 – 48890 – 49280 until it remains above the level of 47948.

But, if you see a breakout of the first ‘key’ level, then sell it for the targets of 47480 – 47060 below.

Buyers must be aware these days. Why?
The gold prices may push down with power compared to an uptrend because of Coronavirus (Omicron).

For advance traders, watch significant releases or events that may affect the movement of gold, silver, crude oil & natural gas:
Tuesday, Dec 28, 2021
20:30 CB Consumer Confidence (Dec) – High Impact

Wednesday, Dec 29, 2021
03:00 API Weekly Crude Oil Stock – Medium Impact
21:00 Crude Oil Inventories – High Impact

Thursday, Dec 30, 2021
19:00 Initial Jobless Claims – High Impact
21:00 Natural Gas Storage – Low Impact

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