FCEPL - Intraday Analysis - 09-11-2024

Sarfaraz Ahmad
Nov 09, 2024

Primary Structure: Potential Bullish Impulsive

Primary Trend: Bullish

Current Wave Structure: Potential Bullish Impulsive.

Expectations: The structure in blue wave "C" looks completed as a double-three combination We have witnessed a sharp move followed by a correction in three waves in blue wave "ii". The rise from its low is aggressive and the price is sustained above the upper line of the base channel. We need a new high to conclude the bullish cycle.

Recommendations: 3: Take profit at the current level i.e. 96.
2: Hold the longs.
1: Longs may be considered from 59 with stops below 54.

Previously :