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NSE GRASIM: Elliott Wave Projection

Free nse grasim chart calls

Free nse grasim chart calls

Timeframe: 4H

Grasim has been forming an impulsive structure for more than two months. The price has completed impulsive wave three and has begun corrective wave four.

We can trade only after confirmation from 1653. The ending point of the corrective wave is the starting point of an impulsive wave.
If the price breaks the high of wave 3 at 1653, traders can trade for the following targets: 1674 – 1693 – 1712.

Wave 3 is extensive with a 3.618% Fibonacci extension, so we shouldn’t expect one more extensive wave. If it fails to sustain above 1653, trader can sell for the following: 1606 – 1571 – 1546. The common retracement of wave 4 is 0.382 Fibonacci retracement of wave 3.

I will update further information soon for premium subscribers only.

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Stock market certified investment advisor(s) for Moneymunch. They're a regular guest on popular online channels and writes for several newspapers and financial journals. Who has studied charts for over 20 years, and they have black magic of the share market.

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  1. Yes i was waiting for this update. HDFC bank reached all the targets. I made huge money by this call

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