3M India has given a good move after 100% extension of wave A. Note wave A = B is at 21368.9. Price entered into the corrective channel, which signals an impending bullish move. 22292 is a pivot level for 3MINDIA.
Wave C is the ending point of the correction, and traders can trade for the following targets: . There will be an extension of the target after the breakout of wave (B).
Traders can initiate long positions if the price sustains into the main corrective channel for the following targets:
To become a subscriber, subscribe to our free newsletter services. Our service is free for all.