Timeframe: Weekly
NSE Rossari has recently broken out above its high of 903.8 on the weekly timeframe chart. This breakout also surpassed the 100 EMA, with the 200 EMA currently providing resistance. The ADX on the weekly timeframe has surged, and the ATR of the price has increased to 57.51.
According to the wave principle, the security completed a corrective structure at 536.35 and has now entered an impulse cycle. Zooming into the impulse formation, the price has completed wave C of (II) at 656.95 and is currently in the impulsive sub-wave (3) of wave (III). Based on Fibonacci extensions, traders can target the following price levels: 1024 – 1135 – 1242+.
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Good one
any views on eihhotel?
This swing setup is acceptable! Tnx
Very good 👍
Insightful! Thank you for the analysis