Timeframe: Hourly
On the hourly timeframe chart, NSE ENGINERSIN has developed a corrective ABC formation, with the price currently situated below the 200 EMA. The ADX reading stands at 18.23.
Wave B concluded at 237.9, initiating the formation of wave 4 within wave C. Traders may anticipate a downward movement towards 166.75, representing the 100% Fibonacci extension of wave A, where A equals C. Following the culmination of wave C, bullish momentum is expected to surge, propelling the price above sub-wave 4.
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Thank you for sharing this chart.
Bahut badhiya sirji
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