The Scrip has completed its move as per Hypothetical theory of wave analysis , Now its due for consolidation phase in it ,
Once the completing of base formation you can expect New low with in this recent low before it makes Turn around for start of Impulse wave 5
I am more looking for termination of wave 4 , and then Hop on for Next leg move up for Impulse wave 5
Wave 5 will be weak and high likely will consume more time then it did in wave 3 , and my educated forecast for termination is at or near the same high of Wave 3
One can wait for consolidation phase to complete for buying Opportunity and stay for an Year and half to complete the target
Good luck
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The winner is ShreeKrishna , Yeeeeeeeeee haaaaaaaaaaaaaaaaa
its 25 % + move
From 97 to 124 One can Book profits in case you are comfortable , it was Good Earning we made 27 Points including rollover in Future contract costs
Sir, the 4th wave normally corrects only up to 50 % of Wave 2 (as read in some books) in this case it seems it has corrected almost 80 % - Is such corrections frequent.
ShreeKrishna
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@sabu_m, Yes it has corrected 80 % because its developing Leading Diagonal , once this pattern completes on it will look like leading or 1 Impulse on Super Cycle
sabu_m
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@ShreeKrishna, Thank you.. A leading diagonal on a monthly chart, so seems to be a multi bagger.. :)
Jagadeesh20202
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@ShreeKrishna any short term trading idea on apollo tyres?
ShreeKrishna
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@Jagadeesh20202, Wait for a week , as it has moved Quite , Let it cool down by correction , I will update by this week end or Next week about this scrip