Date: 7th May 2024
Time: 3:30 PM
Shalby was on my watch from past week, and I was waiting for entry level for good price to buy.
First of all, there is a W pattern which formed in Sept 2023 but again came down, so I was waiting for entry after Retest in Shalby.
I have done wave counts on Shalby from beginning and find that, Correction 5 Wave Structure has done and after that it is showing Bullish Momentum.
Currently we are in probably Vth leg of 3rd large Wave + It Retest too while completing IVth Wave as we can see in Chart clearly.
Shalby Already entered in Buy Zone of 262 to 250 Rs. So, we can Expected Further Bullish Momentum and Approx Target is 400 Rs with SL 227 Rs.
Time: 3:30 PM
Shalby was on my watch from past week, and I was waiting for entry level for good price to buy.
First of all, there is a W pattern which formed in Sept 2023 but again came down, so I was waiting for entry after Retest in Shalby.
I have done wave counts on Shalby from beginning and find that, Correction 5 Wave Structure has done and after that it is showing Bullish Momentum.
Currently we are in probably Vth leg of 3rd large Wave + It Retest too while completing IVth Wave as we can see in Chart clearly.
Shalby Already entered in Buy Zone of 262 to 250 Rs. So, we can Expected Further Bullish Momentum and Approx Target is 400 Rs with SL 227 Rs.
Comment:
Today Shalby Reacted from Entry Zone as a support.
