Tradesetup – NSE MAZDOCK, IOC & JIOFIN

NSE MAZDOCK: Channel Break May Trigger Rally

NSE MAZDOCK is still in a broader downtrend channel, so the trend is not bullish yet. The recent fall looks like a final corrective leg, with support formed near 2280-2320. Price has bounced, but below major resistance around 2650 – 2850, so risk remains. The ending point of the corrective phase marks the beginning of the impulsive phase. Price has to provide a proper volume build-up on the daily chart.

If the price breaks out of the parallel channel, traders can long for the following targets: 2685 – 2848 – 3075+. The setup remains valid unless a new low is formed.

We will update further information for premium members soon.

NSE IOC – Breakout Setup

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NSE JIOFIN: Is Bottom Fishing a Smart Move?

👉 Before reading this, visit JIOFIN Wave Projection.
Click here: NSE JIOFIN: Bounce or Another Leg Down?

We had written clearly, “A rejection near the channel resistance can push the price lower toward the 276 – 261 zone, completing wave C.”

If you had traded this setup, you could have gained more than 55 points or +18% within a month.  What do you expect more from a free setup?

What’s Next?

Our desired levels are reached, and the price is just 13 away from wave (2) at 242. Adjusted targets for the upcoming impulse waves are 266 – 278 – 291.

We will update further information soon.