NSE 3MINDIA – Breakout Setup
3MINDIA reached a peak of 39876 before experiencing a significant decline of 24.16% within a span of two months. Although the price has remained above the 10-day moving average, it hasn’t surpassed the 35 and 50-day moving averages. The ADX (Average Directional Index) has dropped to 15.
The sub-wave 4 structure of 3MINDIA has been breached, signaling a potential opportunity for traders. However, it’s crucial for traders to confirm any pullback and entry after ensuring sustainability. If the price manages to sustain itself above 31500, traders may consider initiating trades with the following targets: 32425 – 33079 – 33600+. Free subscribers can take the previous day’s low as an invalidation level.
Trade setup with entry, exit, and invalidation at the exact time is only available for premium subscribers.
NSE COCHINSHIP – Resistance Breakout
NSE COCHINSHIP has been trading above 10 & 35 crosses over and above 50 simple moving averages. ADX of the price has reached to 17. RSI of the at 58.
NSE COCHINSHIP has broken out the resistance level of 865. If the price sustains above 865, traders can trade the following targets: 878 – 891 – 909+. Traders can take the previous day as an invalidation level.
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