INDHOTEL is on the lower band of the parallel channel, and we have a pivot zone of 192.
If the price breaks down the pivot zone & parallel channel, we can expect a down move for 180 – 173+.
The invalidation point for free subscribers is the high of the previous sessions.
Premium subscribers will get a High-confidence trade setup on our application.
INDHOTEL has accomplished wave B of wave ((Y)) and marching for final wave C of wave ((Y)). Price has broken down wave A at 193, and it is a bearish signal. Wave C can occur at 100% Fibonacci extension at 177 (wave A = Wave B).
However, if the price breaks the level of 177, it may fall for the lower band of the main corrective channel.
Indicator study:
I have used moving averages for confirmation. Price has broken down the 50 MA & 100 MA. It is a bearish signal.
NSE Coal India Bearish Again Rejected At the Resistance
Coal India has failed to break SEP 2021 high. And it took a reversal from the level of 197.75. Here, selling pressure is increasing due to speculators. We may see the following targets on Monday’s trading session: 177 – 172 – 165.
Entry-level & invalidation: Available for premium subscribers only.
Invalidation level has an important role here because that will change the direction of stock from downtrend to uptrend.
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.
Thanks for sharing this chart
. Both will fall down
Master piece of ew & pa. Good job dev
Pharm sector should be oversold. Please analysis it. Appreciate your work
This chart is 🔥🔥🔥🔥
Sir, your views are accurate and i want you to analyse nifty and bank nifty on daily basis. Thank you!
I’ve made the payment for 1 year now 42k in ur icici. Activate service. My number 9824XXXXXX Thank you!