LOOKS GOOD FOR LONG POSITION WITH A SL OF 1370

Reasons:
– Wolfe Wave formation
– Wave 5 Taking immense support at Golden ratio of 1.618 ( Retracement of Wave 4 )
– Exaggerated Divergence of RSI
– ADX Reversing Downside from 44
– Risk to Reward Ratio is Fantastic

Target would be 1483 and above it will lead to 1611

CHART & ANALYSIS
Adarsh Kumar Dey

Apr 20, 2023

Note

Bata Has started Moving.

Apr 21, 2023

Note

First target almost achieved with a High of 1481

May 31, 2023

Note

Approaching Towards Second Target of 1611

Jun 20, 2023

Trade closed: target reached

Second Target also Done

Feb 14, 2023

Trade active

Recently in the month of FEB 2023, NLC INDIA has taken a support exactly on the Fibonacci Spiral by punching a low at the level of 73.

Nov 19, 2023

Trade closed: target reached

Thus NLC INDIA LTD achieved price level of 136.55 before DEC 2023