NSE JKPAPER – Forecasting an Impulsive Pattern
NSE JKPAPER has started an impulsive cycle from the low of 192. The price has accomplished this cycle at 449.9. The ending point of the impulse cycle was the starting point of correction. Price has formed complex correction W – X – Y. The security fell with low volatility as per the average true range(ATR).
NSE JKPAPER has occurred wave C of wave (Y) at 306.5, and the price suddenly rises to 12.6% from wave 306.5. The security has broken out 5/13/20/50 EMA and has resistance from 100 EMA. If the price sustains above 350, traders can trade for the following targets: .
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NSE NIFTY Intraday analysis for 2 August 2023
Timeframe: 15 Min