NSE NIFTY – Intraday Analysis on 1-Minute Chart
Timeframe: 1-Minute
NSE HINDCOPPER – Elliott Wave Projection
Timeframe: Daily
NSE HINDCOPPER has recently hit a new low at 277.9, marking the end of the corrective structure’s final wave (C). The security is trading below the 20, 50, 100, and 200 Exponential Moving Averages, indicating a bearish trend. Additionally, the ADX has dropped to 10, signifying a very weak trend.
A new cycle has begun following the completion of wave (C). On the hourly timeframe, a flag and pole chart pattern is emerging, with the flag formation imminent. Wave 2 of the new impulsive cycle is expected to start after a final move down to the lower band. Safe traders can consider entering a buy position once the price breaks above the upper band of the corrective channel of wave 2/B. The target prices for this trade are set at 345 – 357 – 368+. Riskey traders can buy near the lower of the channel.
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Masterpiece!
Thanks for sharing
Pls share ur views on HDFC, IDFC, HAL, IRCON, UPL
good analysis nifty