Trade Setup – NSE RELIANCE & SHALBY
NSE MHRIL & DLINKINDIA – Elliott Wave Price Projection
Timeframe: Daily
NSE MHRIL has entered a corrective phase after reaching a high of 470. The price is currently trading above the 200 EMA, while finding strong support at the 20, 50, and 100 EMAs. The ATR is at 13.6, and the ADX has decreased to 13.24, indicating diminishing momentum and a lack of a strong trend according to the indicators and general price movement.
MHRIL has formed a contracting triangle pattern in wave ((4)). The price reached wave (D) at 451 and has since started declining towards the final wave (E). Wave ((4)) has already retraced 23.6%, with a common retracement level of 38.2%. The estimated end of wave E is likely to be between 0.618 and 0.786 times the length of wave B. After the construction of wave (E) of wave ((4)), traders can buy for the following targets: 420 – 448 – 462+. Note that if the current structure is unfolding impulse, the price will never break the A-C line.
We will provide additional setups in our morning report tomorrow.
NSE DLINKINDIA – Bull Victory Renders Bears Invisible
Do you remember the NSE DLINKINDIA wave projection?
Visit here: Research Report – NSE DLINKINDIA & NIFTY
BEFORE
We had written clearly,”Traders may consider buying if the price breaks above 349.9, targeting levels at 363 – 382 – 403+“.
AFTER
Trade Setups – NSE UPL, BANKNIFTY & ESABINDIA
XAUUSD – Elliott Wave Projection on 4-Hour Timeframe
Research Report – NSE DLINKINDIA & NIFTY
NSE HDFCLIFE – Elliott Wave Projection
NSE TITAN: Bull-Bear Clash Signals Market Turbulence Ahead
NSE ROSSARI – Premium Setup
NSE KARURVYSYA – Trading Insight & Updates
Do you remember the NSE KARURVYSYA wave projection?
Visit here: NSE KARURVYSYA – Elliott Wave Projection
BEFORE
We had written clearly,”If the price sustains above 193.7, traders can trade for the following targets: 195.85 – 198.1 – 201.4+“.
AFTER
Trade Setups – NSE ASIANPAINTS, BPCL & IOC
NSE ENGINERSIN – Bull Victory
Did you trade ENGINERSIN Wave Setup?
Visit here: NSE ENGINERSIN – Elliott Wave Projection
BEFORE
AFTER
NSE FINCABLES & COFORGE – Premium Setup
NSE FINCABLES – Premium Setup
NSE COFORGE- Swing Setup
NSE STYLAM – Trading Insights & Update
Do you remember the NSE STYLAM Wave projection?
Visit here: NSE STYLAM – Elliott Wave Projection
BEFORE
We had written clearly,”If the price breaks out the resistance, traders can trade for the following targets: 1653 – 1728 – 1780+“.
AFTER
How to Cut Your Losses Wisely?
NSE KARURVYSYA – Elliott Wave Analysis On Hourly Chart
Will NSE COPPER Reach the Final Target?
Did you trade MCX Copper Wave Setup?
Click here: Long-Term View: IS MCX Copper Preparing For A Take-Off?
BEFORE
Sub-wave c of wave (2) of wave ((4)) occurred at 689.5. If the price breaks out wave B at 756, traders can trade for the following targets: 800 – 840 – 877+.
AFTER