Free Stock market / Nifty intraday tips, FREE Stock, Commodity & Forex tips

NSE ASHOKLEY – A Motive Cycle Begins

Free nse ashokley chart calls

Free nse ashokley chart calls

Timeframe: Daily
The NSE ASHOKLEY has been experiencing a corrective formation for over 29 weeks and has successfully completed wave 5 of wave (C) at 133.1, and started forming wave (5). The security has also managed to break out of the 20/50/100/200 moving average, and has started to move upward.

Based on the Elliott wave principle, wave (C) has extended 78.6% of wave (A), and the price has undergone wave (ii) at 135.8, before rising rapidly. The price also broke out of wave (I) at 142.8 in the previous trading session, indicating a positive trend.

In accordance with the Elliott wave principle, the price can only initiate a new cycle after a sub-wave breakout (4). If the price manages to sustain itself above 146.5, traders are advised to buy the security, with the following targets in mind: 149.7 – 155 – 162.4+.

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

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Disclaimer: The information provided on this website, including but not limited to stock, commodity, and forex trading tips, technical analysis, and research reports, is solely for educational and informational purposes. It should not be considered as financial advice or a recommendation to engage in any trading activity. Trading in stocks, commodities, and forex involves substantial risks, and you should carefully consider your financial situation and consult with a professional advisor before making any trading decisions. and its authors do not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any losses or damages incurred as a result of using or relying on such information. Trading in the financial markets is subject to market risks, and past performance is not indicative of future results. By accessing and using this website, you acknowledge and agree to the terms of this disclaimer.
Previous ArticleNext Article
Mr.Guru(s) is a team of stock market certified technical and research analysts with over 20 years of experience. They are regular guests on popular online channels and contribute articles to several financial publications. Their insights and advice are respected by investors worldwide. With their collective knowledge and expertise, they have a proven track record of successfully predicting market movements and identifying profitable opportunities.

Join Today (Free): Stock & Nifty Tips


Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *