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Trade Setup – NSE ULTRACEMCO, ASIANPAINTS & More

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Free nse ultracemco chart calls

Free nse ultracemco chart calls

Timeframe: 4h

NSE ASIAN PAINTS – A Commitment Form the Market

NSE AXISBANK – Bullish Formation

NSE AXISBANK has recently broken out from the lower high at 1096 and is showing signs of upward momentum. It appears that the price has completed wave C and initiated a new cycle. The Wammie pattern is evident on the daily timeframe chart. The Average True Range (ATR) of the price has increased to 29.

Traders may find a favorable risk-reward opportunity after a pullback to enter into the uptrend. If the price sustains above 1079, traders can consider trading for the following targets: 1092 – 1112 – 1138+. Free subscribers can take previous day’s low as invalidation level.

NSE SUNPHARMA – Trade Setup

TECHM – Bearish Setup

NSE TECHM has recently broken down from the lower high at 1300. Additionally, the price has breached both the 10-day and 35-day moving averages (MA), but found support at the 50-day MA.

The level 1300 has historically served as a pivot point. If the price manages to sustain below 1300, traders may consider selling for the following targets: 1287 – 1270 – 1258+. For free subscribers, the previous day’s high can serve as the invalidation level.

We will further information for premium subscribers soon.

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Mr.Guru(s) is a team of stock market certified technical and research analysts with over 20 years of experience. They are regular guests on popular online channels and contribute articles to several financial publications. Their insights and advice are respected by investors worldwide. With their collective knowledge and expertise, they have a proven track record of successfully predicting market movements and identifying profitable opportunities.

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2 Comments

  1. Impressive analysis! Your insights are clearly backed by a deep understanding of market trends and patterns. Well done

    Reply ↩

  2. Outstanding analysis! Your observations are undoubtedly supported by a thorough comprehension of market trends and patterns. Excellent work

    Reply ↩

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