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

NSE HINDOILEXP: Bull Trap or A Systematic Rally

6 42656
Free nse hindoilexp chart calls

Free nse hindoilexp chart calls

Timeframe: Daily

NSE HINDOILEXP had been forming double three corrections for more than eight months. Wave 5 has ceased to exist at 245.70.

Wave Y has traveled 100% Fibonacci extension of wave W. Therefore, Wave W = Wave Y. In this cycle, wave W is a basic flat, and wave y is a zigzag correction. Wave Y has crossed the low of corrective sub-wave 4 of a lower degree. The bulls couldn’t face the supply pressure. They ended up losing their momentum.

In this situation, traders should not be hasty to trade, but wait for the ideal entry. If the price sustains above 100% Fibonacci ratio at 135, traders can buy for the following targets: 142 – 163 – 176+.

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

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. Moneymunch.com 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

6 Comments

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