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NSE IEX – Elliott Wave Projection

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Free nse iex chart calls

Free nse iex chart calls

Timeframe: Weekly

NSE IEX has completed wave (4) at 115.85 and has commenced constructing impulsive wave (5). Wave (2) retraced 100% of Wave (1), whereas wave (4) retraced 78.6% of Wave (3). Thankfully, there has been no invalidation yet.

Rules check:

  • Wave (2) never overlaps the start of wave (1).
  • Wave (4) can never enter the price territory of wave (2).
  • Wave (3) will never be the shortest wave among waves (1) and (5).

The price is trading in the range of 166.95 to 115.85. Traders are susceptible to false indications of a structure break because the price attempted to break out of the previous corrective structure at 162. If the price breaks out at 166.95, traders can trade for the target up to 200 – 250 – 300+. On the other side, a breakdown can lead price for a more bullish scenario, because ADX is falling, and this signal is not ideal for any security prices.

We will update further Information soon.

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3 Comments

  2. Thank you sir. Can you analysis on BEL, BHEL, INDUSTOWER and other small cap stocks? you analysis is very very helpful for my trades.

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    Nirmal Jain,
    Mumbai

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