NSE HDFC & INDHOTEL Wave Analysis

Free nse hdfc chart calls

EWT – NSE HDFC Is Outnumbering Sellers

Timeframe: 4h

Housing Development Finance Corporation accomplished the corrective structure in 2002 and formed an impulsive structure. Price is consolidating in the value area, and close above range can give us a great move to the upside.

The price is above the 200 moving average, which indicates bulls are in control. The value area range for the HDFC is 2511 – 2478.

If the price sustains above 2511, traders can trade for the following targets: 2533 – 2572 – 2610+. Note that 2478 is a strong support level. In case of failure, the price will take support at the control line of the parallel channel.

We will update further information soon.

NSE INDHOTEL FUT – Trade Setup

NSE India hotel has given a crucial close near resistance of 347, and price is preparing for a breakout. Note that prices are moving above 200 EMA, which signals bullish momentum.

If NSE INDHOTEL sustains above 347, traders can trade for the following targets: 356 – 363 – 372.

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Will NSE HINDALCO Reach The Final Target?

Did you read the NSE HINDALCO Research report?
Click here: HINDALCO Is Getting Ready For Skyrocket Prices, But…

free nse hindalco chart callsBEFORE

I have written clearly, “If the price sustains above 416, traders can expect the following targets: 424 – 433 – 448+.”

Free nse indalco chart chartsAFTER

Timeline:

[2 November 2022]

  • 09:40 AM – NSE HINDALCO Reached first target of 424, and made a high of 425.85.

[7 November 2022]

  • 09:30 AM – Price reached the second target of 433.

If you have traded this setup, you could have made more than 5% return in just five trading sessions. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

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NSE ASIAN PAINT Has Entered A New Impulse Cycle

free nse asian paints chart calls

Timeframe: 8h

The price accomplished wave C at 3031 and started developing an impulsive structure, which is a crucial support level for the price. For ten weeks, Asian Paints has been struggling to maintain above its corrective range.

Stochastic is above 60, indicating prices are not overbought and have the potential to increase further. According to Elliott’s wave principle, an impulsive cycle can only start after the breakout of the sub-wave 4 of a lower degree.

At present, Asian Paints have broken sub-wave four at 3160. Demand pressure is still more significant than supply force. If price sustains above 3160, traders can trade for the following targets: 3231 – 3283 – 3360+.

A systematic downward movement will allow us to enter the market, but price can create new low after the breakdown of 3031.

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