Trade Setup - BPCL, APOLLOHOSP, HCL & More

NSE BPCL: Elliott Wave Projection

Timeframe: Daily

NSE BPCL has accomplished an impulsive cycle at 359.5 and formed the corrective structure. The price is moving below the 200 exponential moving average[EMA]. The RSI of the price is 36, which means expecting final wave c is not an imaginary scenario.

In this setup, we are getting two opportunities:

Sell below wave A near 323.05
Buy after completion of wave C for riding an impulse

NSE AASHIINDIA – No breakout without demand

NSE ASAHIINDIA had a strong resistance near 522. The price was narrowing the movement by making small candles near the resistance. The security Is trading below 200 EMA, which signals bearish sentiments.

If the price sustains below 504, traders can sell for the following targets: 496 – 493 – 489. Subscribers can take the previous day’s high as an invalidation level.

NSE KIRLOSENG – Breakout Setup

NSE KIRLOSENG has formed a closed near the previous resistance. The structure breakout can be a holy grail for the buyers. 330 is an essential level for breakout traders since prices fall more than four times near this level.

If the price breaks out 330, traders can buy for the following targets: 335 – 344 – 357+.

Further information will be for subscribers.

NSE APOLLOHOSP – Corrective Formation

NSE APOLLOHOSP has taken support near 4167 and started rising near the previous swing high. Price faced strong resistance nearby 4674 and started falling out of the narrow range with the big candle.

If the price sustains below 4555, traders can sell for the following targets: 4500 – 4464 – 4427. Free subscribers can take the previous day’s high as invalidation.

Further information will be available soon.

NSE HCL – Bearish Continuation

NSE HCL is looking weak on the daily time frame chart. The formation of the patterns in looking weak and corrective. Price has broken down the 50 EMA and trading near 100 EMA.

In the previous trading session, the price faced a strong resistance near 1110. With sharp supply pressure, the resistance was broken down. If the price declines from 1110, traders can sell for the following targets: 1103 – 1097 – 1087. Based on yesterday’s sharp movement, traders can see that prices have recovered on the daily chart.

NSE ASTRAL – Bottom Fishing

NSE ASTRAL Is looking strong on the daily time frame. The price has made a double bottom and rising after a steep fall. The stock prices are oversold and traders can buy for great targets.

If the price sustains above 1920, traders can buy for the following targets: 1941 – 1964 – 1994+.

Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Disclaimer: The information provided on this website, including but not limited to stock, commodity, and forex trading tips, technical analysis, and research reports, is solely for educational and informational purposes. It should not be considered as financial advice or a recommendation to engage in any trading activity. Trading in stocks, commodities, and forex involves substantial risks, and you should carefully consider your financial situation and consult with a professional advisor before making any trading decisions. Moneymunch.com and its authors do not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any losses or damages incurred as a result of using or relying on such information. Trading in the financial markets is subject to market risks, and past performance is not indicative of future results. By accessing and using this website, you acknowledge and agree to the terms of this disclaimer.