ShreeKrishna

You dont need indicators if you Master wave theory

NSE:CUMMINSIND   CUMMINS INDIA
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4
Well i am posting one more chart which is related to wave theory which i follow and practice in the trading of stock market

You can understand an visual out look of the stock after labeling , and you can expect the wave 3 termination visually look like an ending diagonal

Why it should look like an ending diagonal ??

The logic is simple When institutions tend to start pausing the market it has end in some sort of slow turning indication , and usually after all these deep move for days

to months the trend ends with narrow range , which has appeared in 95 % of the time as ending diagonal

i am looking the continuation of bearish trend , but i do not trade this last moments of the trend

the reason is simple , it will not have much need speed in the price move due to its long depressed move so far

Wait for termination of wave 3 before you think of trading this instruments

Right now its in fish market . Good luck
Comment: we booked all our short sell lots in this scrip as it was not dropping with our expectation , so we made interim trade from 560 to 510 , we booked 50 points in futures short selling per lot
Trade closed: target reached: we are booking 1 lot form 518 to 426 as second resume trade
we are closing it as it is
We booked on second move 92 points

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