NATF - Hourly Analysis - 13-01-2024

Primary Structure: Bullish Impulsive

Primary Trend: Bullish

Current Wave structure:  Bullish Impulsive

Expectations:  The rise in blue wave "iii" is in five waves that successfully tested the ideal 161.8% Fibonacci extension level. Since the blue wave "iv" approached the desired Fibonacci retracement level and missed the invalidation level by a matter of inches, a new high was expected. Our target is met.

NOTE: Target met. Made a total of Rs.67.
Since we have achieved our target, we are removing this stock from Hot Picks.

Recommendation:  4: Sell all the holdings at 162.
3: Move stops to 120.
2: Hold the longs.
1: Long positions may be considered from 96 to 95 with stops below 90. Keep the targets open for now.

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