A new wave up in ADNOC GASADNOC Gas Processing is a natural gas producing company and the largest gas processing complex in Abu Dhabi.
The share of ADNOC GAS went up in an impulse from march 2023 and completed the impulse wave up by august 2023
From Aug. 2023 to Oct 2023 the share corrected 61.8% of the entire rise in the form of an Elliot Wave zig zag(ABC).
The Wave 3 for the stocks seems to have started off and the projected target for the same would be approx.4.15 AED(26% from CMP).
Note*- This post is for educational purpose only
Adnoc
Good Move We are seeing some buying pressure right from a important support area for now, but this can be a short recovery too. But still we can take advantage of this correction phase to make some quick profits. Watch out strong resistance around 3.40 zone so plan your entries accordingly. Overall stocks are under pressure and now showing some signs of recovery.
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