Alembic Pharmaceuticals is preparing for Rs. 140+

free nse alembic stock tips

Alembic is having a double zigzag (W-X-Y) correction of wave ((4)).

Price is stuck on the ending diagonal of wave Y.

According to the Elliott wave principle, if the price breaks up the ending diagonal, the price is supposed to reach the targets of 114-123-139 and more.
However, the price must confirm the trend by breaking the wave (X).

In case, if price breaks the low of wave Y, it can fall up to 79.
At this level, wave W has traveled 100% of wave Y. After that, it will initiate an uptrend for the above targets.To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

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Elliott Wave says NIFTY Going for 16369

free nse nifty chart tips

Nifty is constructing triple three (X,Y,Z) right now.

Price is about to accomplish sub-wave B of triple three.

Buyers should be ready to exit from their position before the price reaches the nearest lower high at 17639, which is wave (X) of the correction.

According to wave principle, if the price couldn’t sustain above wave X, then the current trend is about to resume.

Currently, nifty’s trend is bearish and, wave C can give a downward motion with the following targets:16909 – 16690 – 16449 – 16369.

Note that price can make an excess at the upper band of the channel.

Trade Setups (only for the safe traders):
Traders can enter when the price rejects the wave (X).
If the price breaks the (X) at 17639, it may be a fake-out. Traders can wait for the price to enter into the parallel channel.

Stop can be the nearest high of the excess which will be out of the channel.

Trade Setups (only for the Lionheart traders):
Lionheart traders can enter in sell position when the price makes rejection of wave (X).
After the price rejection, they can initiate a short position below 17600.

Stop can be high of the new lower high.

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NIFTY FUT Swing Trade For Subscribers

free nse nifty hourly chart tips

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Bank Nifty Illustrates That Don’t Buy At Dip Blindly

Buyers neither faced the falling knife nor paused the bloodbath, and the sellers won the day.

free nse banknifty hourly chart tipsBEFORE
09 Dec 2021 (10 Days Ago)

Price had stuck in the descending channel, and we had a chance to see the maximum move of 37800 due to the supply zone.

I have mentioned (click here to read the previous bank nifty report), “you must note the second resistance of 36871. It is a barrier for buyers. If Bank Nifty remains under of it, then we may see an excess of this channel. And that will collapse the Bank Nifty prices from 36800 to 36300 – 35696 below.”

free nse nifty stock tips chartAFTER
17 Dec 2021 (3 Days Ago)

Price had started an upward move and made a high of 37581.
Bull traders pushed prices near the supply zone where sellers had taken control.

2:35 PM, Bank nifty reached the last target of 35696 and made a low of 35535.

Even if you have traded after the breakout of 36871, you could have 1164 points in just three days.

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