Trade Setup – NSE ETHOS, ITC, HCLTECH, IIFL & More

After making a low of 683.4, NSE ETHOSLTD has started constructing a five-wave impulsive cycle. The price has accomplished wave (3) at 3405 and started forming corrective wave (4). We assume the price accomplished wave (4) at 1931.9. The setup won’t be impacted if we use the breakout of the upper band of the triangle for the long entry. Targets for wave (5) are 2800 – 3300 – 3700+.

We will update further information for premium members soon.

NSE PNBHOUSING – Bears are Driving Price Towards 810

NSE PNBHOUSING is looking weak on the daily timeframe chart. In the previous trading session, the stock witnessed a steep fall of 4%. The price has taken resistance from the 100 & 200 EMA. ATR is 23.14, while ADX stands at 31.77, indicating rising volatility with strong trend strength.

If the price sustains below 885, traders can sell for the following targets: 855 – 828 – 810+.

Free subscribers can take the previous day’s high as an invalidation level.

NSE HCLTECH – Breakdown Setup

NSE HCLTECH has broken a crucial support at 1400. The bearish momentum in the price could lead to a new low. HCLTECH is trading below the 100 & 200 EMA, and we can expect the price to move down toward the horizontal support from the trendline.

If the price sustains below 1410, traders can look for the following downside targets: 1390 – 1372 – 1352.

Free subscribers can take the previous day’s high as an invalidation level.

NSE ITC FUT – High Confidence Setup

NSE IIFL FUT – Exclusive Setup