NSE NIFTY – Elliott Wave Projection

Free NSE nifty chart calls

Timeframe: Hourly

The Nifty is stuck between supply and demand. Bulls will not break 17300, and bearish won’t break 17600. The complexity of the move has confused retailers too. Per the hourly timeframe chart, the price has accomplished a short-term impulsive cycle and started forming a corrective process before a steep fall. Wave A of this corrective cycle has been completed at 17467, and Wave B is currently in formation. Price retraced 61.8% retracement.

Upon completing wave B, and sustaining above 17300, the price can move up to the next resistance level of 17600. This level indicates strong resistance, and failure of sustention will increase supply rapidly and may form a new low too. The Nifty is moving near the 200 EMA on the daily timeframe chart, and the ATR is 182.7.

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NSE PVR – Bear Victory

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Click here: NSE PVR (TA): Weak Price Signals & Potential Targets

Free nse pvr chart callsBEFORE

 I have mentioned clearly, “If the price remains below 1657, swing traders can sell for the following targets: 1618 – 1576 – 1540+.”

Free nse pvr chart callsAFTER

Timeline:

[22 February 2023]

  • 09:45 AM – Price touched the first target of 1618, and made a low of 1611.85

[27 February 2023]

  • 09:15 AM – Price hit the second target of 1576.
  • 09:20 AM – NSE PVR reached the final target of 1540.

[1 March 2023]

  • 09:15 AM – Price made a new low of 1485.5.

If you have traded this setup, you could have made Rs. 69,000 / lot.

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Tips & Update – APOLLOHOSP, ASAHIINDIA & HCLTECH

NSE ASAHIINDIA – No breakout without demand

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Free nse bpcl chart calls

I have mentioned clearly, “If the price sustains below 504, traders can sell for the following targets: 496 – 493 – 489.

Timeline:

[22 February 2023]

  • 09:50 AM – NSE ASAHIINDIA touched the first target of 496.
  • 02:20 PM – Price reached the second target of 493.
  • 02:50 PM – Price hit the final target of 489, and made a low of 488.10

If you have traded this setup, you could have made more than a 2.3% return In just a single trading session.

NSE APOLLOHOSP – Corrective Formation

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Free nse bpcl chart calls

I have mentioned clearly,”If the price sustains below 4555, traders can sell for the following targets: 4500 – 4464 – 4427.”

Timeline:

[22 February 2023]

  • 09:42 AM – Price touched the first target of 4500.
  • 10:14 PM – Price reached the second target of 4464.
  • 03:09 PM – Price made a new low of the final target of 4440.

If you have traded this setup, you could have made more than a 92 points return In just a single trading session.

NSE HCL – Bearish Continuation

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Free nse bpcl chart calls

I have mentioned clearly,”If the price declines from 1110, traders can sell for the following targets: 1103 – 1097 -1087.”

Timeline:

[22 February 2023]

  • 09:44 AM – Price touched the first target of 1103.
  • 12:37 PM – Price reached the second target of 1097.
  • 02:29 PM – NSE HCLTECH made a new low of 1090, close to our final target.

If you have traded this setup, you could have made more than 15 points return In just a single trading session.

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Trade Setup – BPCL, APOLLOHOSP, HCL & More

NSE BPCL: Elliott Wave Projection

Free nse bpcl chart calls

Timeframe: Daily

NSE BPCL has accomplished an impulsive cycle at 359.5 and formed the corrective structure. The price is moving below the 200 exponential moving average[EMA]. The RSI of the price is 36, which means expecting final wave c is not an imaginary scenario.

In this setup, we are getting two opportunities:

  1. Sell below wave A near 323.05
  2. Buy after completion of wave C for riding an impulse

NSE AASHIINDIA – No breakout without demand

NSE ASAHIINDIA had a strong resistance near 522. The price was narrowing the movement by making small candles near the resistance. The security Is trading below 200 EMA, which signals bearish sentiments.

If the price sustains below 504, traders can sell for the following targets: 496 – 493 – 489. Subscribers can take the previous day’s high as an invalidation level.

NSE KIRLOSENG – Breakout Setup

NSE KIRLOSENG has formed a closed near the previous resistance. The structure breakout can be a holy grail for the buyers. 330 is an essential level for breakout traders since prices fall more than four times near this level.

If the price breaks out 330, traders can buy for the following targets: 335 – 344 – 357+.

Further information will be  for subscribers.

NSE APOLLOHOSP – Corrective Formation

NSE APOLLOHOSP has taken support near 4167 and started rising near the previous swing high. Price faced strong resistance nearby 4674 and started falling out of the narrow range with the big candle.

If the price sustains below 4555, traders can sell for the following targets: 4500 – 4464 – 4427. Free subscribers can take the previous day’s high as invalidation.

Further information will be available soon.

NSE HCL – Bearish Continuation

NSE HCL is looking weak on the daily time frame chart. The formation of the patterns in looking weak and corrective. Price has broken down the 50 EMA and trading near 100 EMA.

In the previous trading session, the price faced a strong resistance near 1110. With sharp supply pressure, the resistance was broken down. If the price declines from 1110, traders can sell for the following targets: 1103 – 1097 – 1087. Based on yesterday’s sharp movement, traders can see that prices have recovered on the daily chart.

NSE ASTRAL – Bottom Fishing

NSE ASTRAL Is looking strong on the daily time frame. The price has made a double bottom and rising after a steep fall. The stock prices are oversold and traders can buy for great targets. If the price sustains above 1920, traders can buy for the following targets: 1941 – 1964 – 1994+. Continue reading