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Click the below link to read Abbott IND Intraday Tips:
Abbott IND – Santa Rally Time
I had written, “Intraday traders can jump on it for the targets of 19200 – 19256.”.
It has touched all targets. Book Full Profit Now (CMP: 19300+)
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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.
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.
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 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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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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