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NSE MCX – Elliott Wave projection

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Free nse mcx chart calls

Free nse mcx chart calls

Timeframe: Weekly

Prices are forming in the corrective structure A-B-C. Wave B has accomplished at 1697, and wave C is ongoing. We can see a window(gap-down) after the breakdown of the 7 and 14 Exponential moving averages, which shows a sharp decline.

Safe traders should wait for a pullback and sell only if the price trade below the 1700 level. Traders can trade for the following targets: 1336 – 1164 – 937.

As soon as the price pulls back, I will upload this idea for subscribers.(To become a subscriber, subscribe to our free newsletter services. Our service is free for all.)

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5 Comments

  1. This will help me to do swing traders. I think the stock will fall before the 1650 level.

    Reply ↩

  5. I was looking for this type of idea, and I am glad you posted it. keep uploading this type of ideas.

    Reply ↩

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