NSE IEX – Elliott Wave Projection
KAPAS, Guargum, and Turmeric: Market Trends and Insights
Guargum Prices Set to Soar: What You Need to Know
On the NCDEX, guar gum has formed an Elliott Wave cycle, with the final Wave E of Wave (4) approaching completion. A confirmation above Wave D could shift the entire outlook in favor of buyers. From a price action perspective, 9830 serves as a strong support level, while 13,650 acts as a supply zone, both of which have remained significant for over four years. Wave D represents a critical midpoint, ensuring a push toward the upper supply zone once the price sustains above this level or Wave D.
If the price has completed Wave (4) and has broken above Wave D, it is likely to reach the upper boundary of the value area, around 13,650. However, with the ADX (Average Directional Index) at 17, this suggests a weak trend, indicating that the current price movement lacks strength. If the price closes below the demand zone at 9,830, it could delay the expected bullish move. Traders should wait for confirmation before entering a long position to ensure a stronger trend.
We will update further information soon.
Turmeric Futures: A Bullish Trend or Market Correction Ahead
Continue readingXAUUSD: Corrective Phase Setting the Stage for a Bull Run
Crude oil, Nickel, Aluminium & Mentha oil Tips & Updates
MCX nickel’s Elliott wave projection (Target 1570)
Nickel has started moving forward since March 2021. It will complete the 5th wave soon.
According to Elliott wave projection, MCX nickel can touch 1570 to end the 5th wave.
Intraday & short-term traders can buy nickel for the target of 1485.6 – 1506 – 1532 – 1550 – 1570.
To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
Unlock This ArticleOnly subscribers can read the full article. Please login to read the entire article.
Aluminium Should Run Up To 240+ In Next 30 Days
Key levels: 229 – 226.8
Aluminium has made an all-time new high of 236.3 and declined. It can dig more upside from here. Before that, we may see retesting of 229 – 226.8 levels.
Afterward, it can move for the target of 233.6 – 236 – 238+.
Latest Update: Crude Oil Call
Crude oil has completed all targets in the previous week’s trading sessions.
Latest Update: Will Mentha Oil Touch 960 Level Again?
Mentha oil has touched the second target.
Continue reading
Freemium: Gold (XAUUSD) & Mentha oil
BEFORE
UPDATE: Gold’s Simplified Trading Strategy
I had written in clear words, “…according to Elliott Wave theory, it was in a corrective wave. It has completed the ABC, and now gold can start marching for a new impulse phase. Therefore, we can expect the gold’s target price 1782 – 1790+“.
AFTER
The first target of gold has come. Will it touch the second target?
To read the full article of Gold, Subscribe Now.
Unlock This ArticleOnly subscribers can read the full article. Please login to read the entire article.
BEFORE
UPDATE: Will Mentha Oil Touch 960 Level Again?
I had written in bold words, “MCX Mentha oil can bounce here. It can retest the 960. The intraday & short-term investors should enter around the support trendline for the targets of 926 – 936 – 958“.
AFTER
Today it has touched the first target.
Continue reading