3M INDIA LTDLong
NSE 3MINDIA – ELLIOTT WAVE ANALYSIS
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Timeframe: Daily
3M India has given a good move after 100% extension of wave A. Note wave A = B is at 21368.9. Price entered into the corrective channel, which signals an impending bullish move. 22292 is a pivot level for 3MINDIA.
Wave C is the ending point of the correction, and traders can trade for the following targets: 22564 – 22850 – 23282. There will be an extension of the target after the breakout of wave (B).
I will update further information soon.
3M India has given a good move after 100% extension of wave A. Note wave A = B is at 21368.9. Price entered into the corrective channel, which signals an impending bullish move. 22292 is a pivot level for 3MINDIA.
Wave C is the ending point of the correction, and traders can trade for the following targets: 22564 – 22850 – 23282. There will be an extension of the target after the breakout of wave (B).
I will update further information soon.
Note
NSE 3MINDIA UPDATE: Price Made a new high of 22526, which near to first target of 22564.Note
Close to our second target of 22850.Trade fermée: cible de profit atteinte
Price touched the final target of 23282.Note
27%
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