Deepak Nitrite completed major correction in the form of a zigzag (ABC) and started forming a new impulse wave.
Stock while forming the third sub-wave again went into a correction in the form of a zigzag which seem to have been completed.
All the wave markings are given in the chart.
Buy Deepak Nitrite with a target of 2174 (>10% upside potential in a short timeframe), maintain stoploss of 1857.
Stock is at a good level to buy with a medium-term outlook.
Will update further targets as the wave progresses.
Happy trading !!
Stock while forming the third sub-wave again went into a correction in the form of a zigzag which seem to have been completed.
All the wave markings are given in the chart.
Buy Deepak Nitrite with a target of 2174 (>10% upside potential in a short timeframe), maintain stoploss of 1857.
Stock is at a good level to buy with a medium-term outlook.
Will update further targets as the wave progresses.
Happy trading !!
Trade closed: stop reached
The perceived end of wave iv was only end of wave A. Wave A had 1st wave extension. 
ChartTheWave |
t.me/chartthewave
This channel is a common forum for "Elliott Wave Principle" enthusiasts, learners and practitioners. We aim to build a team of traders who practice EWP for common benefit; co-learn, teach, share, validate and benefit.
t.me/chartthewave
This channel is a common forum for "Elliott Wave Principle" enthusiasts, learners and practitioners. We aim to build a team of traders who practice EWP for common benefit; co-learn, teach, share, validate and benefit.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
ChartTheWave |
t.me/chartthewave
This channel is a common forum for "Elliott Wave Principle" enthusiasts, learners and practitioners. We aim to build a team of traders who practice EWP for common benefit; co-learn, teach, share, validate and benefit.
t.me/chartthewave
This channel is a common forum for "Elliott Wave Principle" enthusiasts, learners and practitioners. We aim to build a team of traders who practice EWP for common benefit; co-learn, teach, share, validate and benefit.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.