Angel broking is near to break the 2-month-old resistance level.
Price has completed the corrective wave 4.
If the price doesn’t break the 3rd wave’s high, then the corrective wave will begin. Furthermore, the 4th wave can be extensive (between the range of 1014 – 1475).
Target for Swing Traders:
Target 1 : 1525
Target 2 : 1632
Target 3 : 1764
Target for Day Traders: 1455-1479-1490
BHEL futures can keep moving forward for the levels of 67.6 – 68+.
Intraday support: 64.90 – 65
Invalidation: the previous trading season’s low.
Key level: 406
Is it the right time to buy Jindal Steel & PWR Futures? No. It needs to break/close above 406 level to touch the 416 – 426 – 432+ levels.
Otherwise, we will see fall rapidly this week. It can be up to 386 – 372 – 360.
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