Timeframe: Daily
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: 22564 – 22850 – 23282. There will be an extension of the target after the breakout of wave (B).
Intraday Setup:
Traders can initiate long positions if the price sustains into the main corrective channel for the following targets: 22130 – 22291 – 22480. Free Subscribers can use day’s low at subscribers.
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Superb research Sir✌🏽
Totally agree, thanks for sharing
Looks like a great setup.
Great job as always
Nice chart, keep up the good work. 😊
I always appreciate your input on stock setups