Trading Insights: NSE GRAPHITE & DMART

NSE GRAPHITE: Hidden Gem or Bear-Cursed?

Timeframe: Daily
NSE Graphite has formed a corrective pattern on the daily timeframe chart. The ADX of the price reached 19.20, while the ATR of the price dropped to 16.98. Additionally, the price has broken out above the 20, 50, 100, and 200 EMAs.

According to the Elliott Wave Principle, the security prices reached wave (B) at 608 and have started declining into wave (C). The substructure indicates that wave 3 of wave (C) is in progress. Traders can anticipate the following levels for wave (C): 480 – 462 – 445. We can see a sharp recovery after the accomplishment of wave (C). The security price can push up to 608.

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NSE DMART – Bull Victory

Did you trade NSE MHRIL Wave Setup?
Visit here: DMART – Will BD Line Breakout Unlock Bulls’ Holy Grail?

BEFORE

I had written clearly, “If the price breaks out B-D trend line, traders can buy for the following targets: . 4350 – 4640 – 5105+.”

AFTER

Timeline:

[26 March 2024]

• 09:15 AM – Price reached the first target of 4350.

[4 April 2024]

• 09:15 AM – Price touched the second target of 4640.

[18 June 2024]

• 3:00 PM – Price made a new high of 505.

If you have traded this setup, you could have made more than 30% or 1240 points.

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