Asian paint has started the impulsive sub-wave 'iii' of wave 5. Price has crossed the high of wave 'i', which is the signal of impulsive behavior of wave 5.
A long position can be initiated after a pullback when price penetrates on wave 'i' to take support. And that cannot be a barrier for long-term investors. They can jump on it.
But if you are a short-term investor or safe trader, you may lose this opportunity due to waiting for a pullback, but this is the only way to manage risk.
But if you want to moderate risk here, you may lose the opportunity due to waiting for a pullback.
Target: 3342 - 3454 - 3505 - 3581 Invalidation: low of wave ii
I haven't mentioned sub-waves of wave 'iii' because it hasn't taken shape. I will re-upload this chart soon. Previous Idea:
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Nice EWT Dissections . Started following you yesterday. Can you opine on RIL. I think it's in Wave 2 nearing end.
forextidings
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@drnj85, Thank you for the comment. I will check it! :)
UnknownUnicorn5245909
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Amazing work!
TKMum
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Excellent , I follow you daily , please keep posting such money making ideas. Just have look at Happiest Mind chart , I think that also in 2nd wave of wave 5.
forextidings
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@TKMum, Thank you for your support, I will check it. Thanks again. :)