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NSE KARURVYSYA – Elliott Wave Analysis On Hourly Chart

Free nse karurvysya chart calls

Free nse karurvysya chart calls

Timeframe: Hourly
KARURVYSYA exhibited an impulsive cycle following a low of 166.2. On the daily chart, a double top formation emerged, breaking the previous correction as the current wave surged.

The price has completed wave c of wave Y within corrective wave (4) at 185.1 and has initiated the formation of impulsive wave (5). However, it’s important to exercise caution as the level of 193.7, which marks the high of wave B, is critical. Aggressive moves could potentially emerge around this level. If the price sustains above 193.7, traders can trade for the following targets: 195.85 – 198.1 – 201.4+.

The potential for significant opposite action looms large too, especially given the precarious position of the level, akin to being on the edge of a knife.

We will update further information soon.

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