Get free share market NSE & BSE stocks, cash equity, futures, options, and all nifty trading tips and market research reports that enhance your knowledge and take your trading game to the next level.
If the price maintains its position above wave B at 2468.3, traders can consider taking positions with the following targets in mind: 2509 – 2548 – 2567+.
Timeframe: DailyBased on our previous analysis, NSE MRF has been showing signs of forming an impulsive cycle starting from 81380. The price successfully completed impulsive wave C of wave (4) and is now on the verge of breaking the wave B, which would confirm the continuation of the upward move. Furthermore, the price is currently trading above the 50-day, 100-day, and 200-day exponential moving averages, indicating a bullish sentiment in the market. The RSI (Relative Strength Index) for MRF has also crossed the overbought threshold of 70 and reached a value of 70.91. Its a good opportunity to trade specialist breakout method.Continue reading
We had written clearly, “If the price breaks out above wave X at 117.9, traders may consider buying the stock with the following target levels: 126.9 – 139.2 – 148.3.”
Timeframe: DailyNSE INFOSYS has been experiencing a prolonged corrective phase lasting over 73 weeks, with its movement consistently below the 50/100/200 EMA. This indicates a bearish sentiment for the security. On the daily timeframe chart, price action has formed double three patterns.Continue reading