NSE DrReddys Fut & Ujjivan Fin & RBL – Bearish Trend Continues?

nse drreddy daily chart tips

DrReddys Fut could crash more

Dr. Reddys Labs Fut closed at a crucial level. It has to take a U-Turn from the current closing price. Otherwise, speculators will keep selling. And according to TA, we will see the target of 3780 – 3720 levels soon.

NSE RBL extending downtrend’s extent?

RBL (Rane Brake Lining) has started a downside rally since mid-2021. Its annual income drastically dropped. That’s all for long-term investors. If you are a day trader or short-term investor, you must sell it.

Key level: 628

If it breaks the above level, then the stock price will hit the target level of 610 – 600 – 570.

NSE Ujjivan Fin Serv Downtrend Intact

In bull or bear battle, the bear is winning here. Intraday traders must watch this stock. It’s a printing money machine.

Crucial level: 105
Expected Targets can be: 100 – 98 – 94

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NSE ASTRAL – Earn From Market Recovery

Free nse stock astral chart tips

The stock market has started recovering. Still, there’s a big question, is Russia and Ukraine war over yet? Start investing during stock market uncertainty using Elliott Wave Projection.

It looks like ASTRAL has accomplished the corrective structure and started forming motive waves.

Price has ceased the sub-wave 5 of motive wave ((c)), and the length of wave (A) is equal to wave (C). So, this is called wave equality, where wave (A) = wave (C).

If the price has bullish sentiments, the ASTRAL will not directly jump to complete the impulsive wave 3, but it will create sub-waves of motive wave 3.

If traders are willing to initiate a long with low-risk setup, they can wait for a pullback of the previous move to reduce the length of stop-loss.
Please note that wave two can never overlap the starting point of wave one.

If the current move exceeds the low of 1769, we can’t consider this an impulsive wave.
Wave three can travel for 161.8% Fibonacci extension of wave one at 2047, and power extension can derive price to 2217.

Traders can expect the following targets for the 3rd wave: 1976 – 2025 – 2144 – 2216.To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

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NIFTY FUT Trade Setup For Members

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Will NIFTY Skyrocket or Collapse?

Free nse index nifty chart calls

In this outlook, we are covering two scenarios that will be helpful for day traders as well as investors. We should negate the possibilities because Murphy’s law says,

Whatever can happen will happen

Shall we direct jump on the pool? Yes, shallow ends first.

After creating a high of 18600, the price has occurred a double zigzag. Currently, we are riding on the impulsive wave sub-wave 4 of wave C of complex (Y).

Wave Structure:
Wave ((W)) – 16410
+ Internal structure – Triple Zigzag
+ Fibonacci relationship – 50% of wave ((5))
Wave ((X)) – 18350
+ Internal structure – Engaged corrective wave
+ Fibonacci relationship – 100% of wave ((W))
Wave ((Y)) – New low at 16203
+ Internal structure –  Zigzag correction
+ Fibonacci relationship – 100% of wave ((w)) at 16156.

Target projection for scenario 1:

  • Wave (C) can end near the 1.618% Fibonacci extension of the wave (A) at 15363.
  • Wave ((Y)) can cease at 100% Fibonacci extension of wave ((W)) at 16136, but if the price breaks this level, then the next Fibonacci level is 15600.

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Free nse nifty chart tips

Perspective:

Price has completed the double zigzag correction by completing wave C of wave (Y).

Wave ((Y)) has already traveled 100% of wave ((W)). Price will start an impulsive cycle, which will be the sub-wave of wave ((5)).

Price has to confirm its bullish move by breaking wave B at 17794.

Bullish sentiments can derive a price for 19000 and more.

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NSE AEGISCHEM More Selling Begins

nse AEGISCHEM daily chart tips

Aegis Logistics is seemed bearish more. It’s the top loser stock of last Friday’s market session. I have drawn this chart to show a bearish area to short-term investors. Wherein AEGISCHEM can show 150 – 138 – 118 levels into that area.

Intraday traders can sell for targets of 166 – 164 levels. And if it breaks the 164 level, then be ready for a downtrend.

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NSE Ajmera, Apollohos & 3MIndia – Update & Tips

AJMERA

Before: 

Free nse stock ajmera chart calls

AJMER has completed the corrective wave B, where the price was preparing for final leg C.

I have written in clear words,” Traders can trade for the following targets: 360 – 356 – 342+.”

Click Here to read the previous research report.

After:

Free nse stcok ajmera chart calls

23 Feb 2022 – AJMERA reached the first target of 360 and the second target of 356.

24 Feb 2022 – AJMERA touched the final target of 344.

Further, the price may retrace to the lower band of the parallel channel.

Apollo Hospital

Did you read my previous research report on Apollo hospital?

Click here to read the previous research report.

Apollo hospital was unfolding triple zigzag correction wherein the price has formed wave C of wave (Z).

I have mentioned in clear words, “If the price sustains under the upper band of the channel, Traders can trade for the following targets: 4401-4345- 4208 and more.”

21 Feb 2022 – Apollo hospital reached the first target of 4401.

22 Feb 2022 – Apollo hospital reached the second target of 4345 and made a low of 4300.

Furthermore, Price is preparing for the final target.

3MINDIA

3MINDIA have formed the impulsive wave 5 of wave (3).

The price has established the corrective wave (4), and it has broken down the wave iv of lower degrees. It was a clear indication of a bearish atmosphere.

I have mentioned in bold words, “Traders can initiate a short position for the following targets of 21010-20557.

Click Here to read the previous research report.

24 Feb 2022 – Price reached the first target of, 21010, and made a low of 20660.

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