3MINDIA Trade Update - 3M took the grab and now it's currently moving up nicely
- I think if you have entered already then it's better to keep holding 3m
- It's better to focus on riding rather than building and doing FOMO after stocks
3m
NSE 3MINDIA – ELLIOTT WAVE ANALYSISTimeframe: 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 Head & Shoulder pattern in Daily TFH&S pattern formed after reaching the Weekly supply zone, will test the below marked Demand zone and then move up
Short 3M, Head and Shoulder formation at Top3M can be shorted if price closes below 20k level, which is strong support. Target ~18.5k
