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

NSE COALINDIA & INDHOTEL – Bearish Outlook

Free nse indhotel hourly chart calls

EWT: NSE INDHOTEL Price Ready For Another Blast

Price Action Perspective:

Free nse indhotel daily chart calls

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.

Elliott Wave Perspective:

Free nse indhotel hourly chart calls

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.

Would you like to get our share market updates instantly?
Click the link to join: Free Stock Tips

Do you want to get premium NSE calls?
Click the link to subscribe: Premium NSE Stock Tips

If you have any questions or concerns about the stock market, don’t hesitate to contact me:

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

Previous ArticleNext Article
Mr.Guru is a registered investment advisor for Moneymunch, he is a regular guest on popular channels and writes for several newspapers and financial journals. They've black magic of stock market analysis because studied charts over 20 years.

Click here to get premium stock market tips by Mr.Guru.

Subscribe to get daily FREE Stock markets / nifty tips
Send email to Mr.Guru: [email protected] or you may call him on +91 903 386 2706.

6 Comments

  1. Sir, your views are accurate and i want you to analyse nifty and bank nifty on daily basis. Thank you!

  2. I’ve made the payment for 1 year now 42k in ur icici. Activate service. My number 9824XXXXXX Thank you!

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 *

Send this to a friend