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.
Comment:
NSE 3MINDIA UPDATE: Price Made a new high of 22526, which near to first target of 22564.
Comment:
Close to our second target of 22850.
Trade closed: target reached:
Price touched the final target of 23282.
Comment:
27%
