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NSE Balramchin & Britannia Elliott Wave Projection

Posted: 07 Mar 2022 06:30 PM PST

NSE Balramchin – Traders are Anticipating Bullish scenario

BALRAMCHIN has accomplished the corrective wave IV, and the price has started forming impulsive structure V. If the price breaks high of wave B, we can expect the following targets: 460 – 476 – 489+ for wave V.

If the price fails to break the high of wave B, we will wait for the pullback to enter. However, the breakout of wave B can be an intention that causes a new high, where demand pressure will exceed supply pressure. After accomplishing the final wave V, the price will start A-B-C correction.

Only premium subscribers will get entry, exit & stop loss.

NSE Britannia Sellers Are Active In Widespread Against Buyers

Britannia has broken down the crucial support level of 3320. It is the metaphor of a bearish move.
Traders can sell for the following targets: 3117 – 3073. Keep in mind that 3244 is a hurdle level where selling is a likelihood to start.

The invalidation point for free subscribers is the high of the previous sessions.

Entry-level & invalidation: Available for premium subscribers only.

NSE NIFTY Is Has Started Forming Wave C

How many of you traded on NIFTY call?
Click Here to read the previous article.

I had written in bold words, “Price has completed the sub-wave (iv) of wave C. Currently, we are riding on the impulsive wave V of wave C. If the price breaks the low of wave iii, traders can expect the following target of 16110 – 15978 – 15856.”.

It has touched all targets, and made a low of 15711. If you have traded even a single lot of nifty, you must have got 13000+ profit in just 3 days.

NSE INDHOTEL Has Potential To Continue Bearish Moves

I have also said to sell INDHOTEL yesterday. Have you?
Yesterday: NSE COALINDIA & INDHOTEL – BEARISH OUTLOOK?

I had written, “If the price breaks down the pivot zone & parallel channel, we can expect a down move for 180 – 173+“.

The first target of INDHOTEL of 180 had achieved yesterday. Will it touch the second target?

Free subscribers can book profit here. I will update all of these tradable instruments for premium subscribers.

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The post NSE Balramchin & Britannia Elliott Wave Projection appeared first on Moneymunch.

NSE COALINDIA & INDHOTEL – Bearish Outlook

Posted: 06 Mar 2022 06:30 PM PST

EWT: NSE INDHOTEL Price Ready For Another Blast

Price Action Perspective:

INDHOTEL is on the lower band of the parallel channel, and we have a pivot zone of 192.
If the price breaks down the pivot zone & parallel channel, we can expect a down move for 180 – 173+.
The invalidation point for free subscribers is the high of the previous sessions.

Premium subscribers will get a High-confidence trade setup on our application.

Elliott Wave Perspective:

INDHOTEL has accomplished wave B of wave ((Y)) and marching for final wave C of wave ((Y)). Price has broken down wave A at 193, and it is a bearish signal. Wave C can occur at 100% Fibonacci extension at 177 (wave A = Wave B).

However, if the price breaks the level of 177, it may fall for the lower band of the main corrective channel.

Indicator study:
I have used moving averages for confirmation. Price has broken down the 50 MA & 100 MA. It is a bearish signal.

NSE Coal India Bearish Again Rejected At the Resistance

Coal India has failed to break SEP 2021 high. And it took a reversal from the level of 197.75. Here, selling pressure is increasing due to speculators. We may see the following targets on Monday’s trading session: 177 – 172 – 165.

Entry-level & invalidation: Available for premium subscribers only.

Invalidation level has an important role here because that will change the direction of stock from downtrend to uptrend.

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The post NSE COALINDIA & INDHOTEL – Bearish Outlook appeared first on Moneymunch.