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Jan 22, 2021 8:39 AM

Part 1 Biocon(Weekly), finding stop for 4rth Wave (TF-W/D/30min) 

BIOCON LTDNSE

Description

The price is finding the number of 4rth waves to stop and will travel for the 5th wave which exists at 388 nearby(38.2% retracement) or 360-378.

Let's assume that the 5th wave still remains then, the target should in the step by the previous important level as 468/488/506.

Comment

Daily TF:
Comments
ShreeKrishna
The Gap down indicate its a start of bearish Trend , in Bull Market you will not get such Big Gap and Price moves , it has completed its Move , You might have tried to put the label which may or may not be correct
Logic is simple , Bullish Trend do not Gap down until they complete 5 wave , they will only Gap down when entire sequence is completed , they do not need to give any Kind of ending diagonal when they Gap down
ajaysathish1997
Excellent analysis kinnari garu
Gotledu
Excellent analysis Kinnari! Way to go
RavindraBhise
positional trade is very helpful....
Mkintell
You are good... Keep it up i am now following you till death..
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