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SWANENERGY: Impulse Cycle in Progress with Potential

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Free nse swanenergy chart calls

Free nse swanenergy chart calls

Timeframe: Daily
NSE SWANENERGY has completed a flat correction at 455.7, followed by a rapid price surge that has broken above the previous wave 4 of wave (C) and the 200 EMA. The sub-waves of the new impulse cycle are now visible, with the price currently forming wave 3 of the new cycle.

The price has the potential to reach a 161.8% extension after a choppy correction, allowing the market to cool down expectations. Since wave 2 was deep, wave 4 is expected to be shallow. The final target for the setup can be 985.

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