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NIDAN LABS AND HEALTH LTD
Long

NIDAN : Pills to recovery fast

59
Nidan Labs and Health Ltd

  1. Analysis:

    Wave Structure: ABC correction appears complete, with Wave C bouncing off a demand zone.
    Buying Zone: Current prices (around 28.65 INR) are within the correction completion zone.
    Target Zone: Highlighted at 37-38 INR.
    Stop Loss: Identified at 27.11 INR, just below the demand zone.
  2. Trading Plan:

    Action: Enter a buy position at current levels (around 28.65 INR) or on dips toward 28 INR.
    Stop Loss: Place at 27.11 INR.
    Targets:
    First Target: 37 INR.
    Final Target: 38 INR.
  3. Reasoning:

    Strong demand zone provides support, and liquidity signals institutional accumulation.
    Target levels coincide with prior resistance, making them probable retracement points.
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Chart PatternsTrend AnalysisWave Analysis
LiveTradingBox
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.