Will NSE APOLLOHOSP Soar to ₹7000?
Timeframe: 4h
NSE APOLLOHOSP stock initially made a low of 4853.9 and has since begun an upward move, marking the start of an impulsive cycle. The price is strongly supported by the 20, 50, 100, and 200-period exponential moving averages. The ADX has risen to 24, indicating increasing trend strength, while the ATR, currently at 73.04, is moving sideways.
The impulsive wave reached a peak at 6775, marking the end of wave (5). Following this, a correction phase began, during which wave 5 of wave (C) was completed at 5693.2. We are now in a new impulsive phase, with wave (2) [blue ray] completed at 6056 and the market rising for wave (3).
After a potential single retracement, cautious traders might consider buying with target levels at 6547 – 6820 – 6990+. A breakout above wave B will also strengthen the bullish momentum. This setup remains valid as long as no rule violations occur.
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NSE ASIANPAINT – Eliott Wave Perspective for Premium Members
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Pls guide me, Not able to see locked text
Sir, I want your help in trading. Can you please analyze Ireda and Reliance?
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