I still remember my old days when I was kid - watching a movie on a 70mm screen used to elate me & I used to really get excited for the word 70mm- vow. Mumbai guys know Minerva theatre is one such theatre to have 70mm screen.
it was approx 70 points in Axis bank, which was made in a down move (522-525 to 519) then up move from (517-519 to 530-535) & finally again down move from (530-535 to 480-490) zone.
With this down leg is probably done & out.
The fall which was expected from triangle looks to be done at 477 lows where wave-((v)) measures same distance of wave -((i)). We should take all the profits kept of the table & let us wait for another fresh game to be played or let us wait on sidelines.
Comments
ShanTrader
⋅
Excellent work once again Abhishekji !! Waiting for market to move and market is always right, but assuming even if bearish trend, would it be possible to expect a 0.23 - 0.38 pullback into 513-545 zone. Your thoughts ?
WaveTalks
⋅
Yes. Likely that is the case, it can retrace back in the zone 530 -550 -possible ranges for up move
ShanTrader
⋅
Thank you and wish you and your family a very Happy Diwali !!!!
WaveTalks
⋅
Hope so everyone enjoyed the light festival
akila
⋅
Can we go long here?
WaveTalks
⋅
Its looking to push up- I am also keen to see the same. Index likely up if holds 8550-8570 zone then It will be on firm foot that up move has started.
WaveTalks
⋅
Hi, we will wait for some more time & do not hurry up. Its trading@485.70
akila
⋅
ok Thx
WaveTalks
⋅
So, that's why I said -let us not hurry axis trading back again at 475 levels
akila
⋅
Great !! Thx Abhishek...Appreciate the details you post and also the advise ....Much thanks!