Timeframe: Daily
NSE AAVAS accomplished wave (5) of wave C at 1698 and started an impulsive cycle from the parallel channel’s lower band. Prices are forming into the downtrend channel, and wave (4) breakout can give a steady uptrend for bulls.
Fibonacci Clusters:
- Cluster range of 1749 – 1738.6. Trend-based Fibonacci extension of 0.5 at 1749, and 1.618 reverse Fibonacci of 4th wave at 1738.6.
- Fibonacci extension of 0.618 at 1683.6.
Trading Plan:
If the price sustains a cluster range of 1749 – 1738.6, traders can trade for the following targets: 1835 – 1885 – 1945. Safe entry is possible after a pullback. The setup will be invalid below wave (5).
I will update further information soon.
Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips
Are you looking for NSE paid calls? Want to get premium trading alerts and unlimited access to Moneymunch? Join today and start potentially multiplying your net worth: Premium Stock & Nifty Tips
Premium features: daily updates, full access to the Moneymunch #1 Rank List, Equity Research Reports, Focus List portfolio of 50 longer-term stocks, Premium screens, and much more. You will quickly identify which stocks to buy, which to sell and target today΄s hottest industries.
Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.
Hi team,
I checked your plans and I can see only yearly plans, Do we have any monthly plan for beginners?
If we have please mail me details on [email protected]
Thanks,
We are not offering monthly services in the stock and commodity markets except Forex. Visit our frequently asked questions to quickly answer your questions about how Moneymunch works: click here →
Near and clear analysis
Wave theory is complex but it works well.