DSKF16
Long

ACC: Is WAVE - 5 Ends - RESULT Special SERIES

NSE:ACC   ACC LIMITED
Is WAVE - 5 Ends ? As EW theory, 3 HARD (Basic) Rules are:
Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.
Here, Wave 2 Retrace 66.8% of Wave 1.

Rule 2: Wave 3 can never be the shortest of the three impulse waves.
Here length of W -1: 14.98%, W - 2: 27.26%, W - 3: 14.82%.

Rule 3: Wave 4 can never overlap Wave 1.
Here W - 1 Ends @ 1512.05 & W - 4 ends @ 1541.25

IF RESULT Above EXPECTATION:
Condition 1 to 6: As TARGET / EXIT Levels for LONG:
Projected WAVE - 5 Zone (@ 1825.10 to 1896.30)
Condition #1: @ 1828.10 FIB Ext. 2.272 of WAVE - 1
Condition #2: @ 1837.05 FIB Ext. 0.786 of WAVE - 3
Condition #3: @ 1856.10 FIB Ext. 2.414 of WAVE - 1
Condition #4: @ 1874.65 FIB Ext. 0.886 of WAVE - 3
Condition #5: @ 1896.30 FIB Ext. 2.618 of WAVE - 1
Condition #6: @ 1966.50 - Extreme Projection, as Normally Wave - 5 does not Exceeds Wave - 3.
(Reason for Condition #6:
Projected W - 5: @ considering length of W - 1 & W - 5 Equal)
Also at this point: FIB Ext. 1.13 of W - 3 & FIB Ext. 3.0 of W - 1)

IF RESULT Below EXPECTATION: WAVE - 5 Comes to an END
Reason: Length of W -1: 14.98%, Equal to W - 3: 14.82%.
Corrective Levels, TARGET for SHORT:
@ 1716, @ 1685, @ 1655, @ 1628, @ 1590, @ 1567-

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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.

Thanks a lot for u r detailed explanation
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DSKF16 suryarr969
@suryarr969, Try to give maximum possible using this platform, though as free user some limitation is also here.
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