I am posting this to teach some lesson to those who think they know everything ,but know nothing, and they will at least stop spamming my posts , un-necessary ( 3 idiots especially)
The stock was in Consolidation phase for more than 16 years or you can consider range bond trading in the history and now it has broke out form its range and making new impulse wave , its on the way to form 1st impulse leg as Wave 1 based on HTF , and it has completed 3 impulse wave on secondary degree form the current time frame ,
4th wave is still in progress , i have made some call out please read it , i think 4th wave is still due to complete as the corrective wave A of 4th wave was very sharp
usually sharp corrections tend to form Zig zag pattern ( based on my experience ) ,
Currently its moving in corrective impulse phase , its not moving in Trending impulse
( Most dont know what is corrective impulse & Trending impulse but they tried to boost them self here )
so in my view either you ride this small moves on daily time frame basis and take profits on weak price action or wait for one more drop before entering the Longer term trend trading ,
which is safe and preferably noise less
Good luck
The stock was in Consolidation phase for more than 16 years or you can consider range bond trading in the history and now it has broke out form its range and making new impulse wave , its on the way to form 1st impulse leg as Wave 1 based on HTF , and it has completed 3 impulse wave on secondary degree form the current time frame ,
4th wave is still in progress , i have made some call out please read it , i think 4th wave is still due to complete as the corrective wave A of 4th wave was very sharp
usually sharp corrections tend to form Zig zag pattern ( based on my experience ) ,
Currently its moving in corrective impulse phase , its not moving in Trending impulse
( Most dont know what is corrective impulse & Trending impulse but they tried to boost them self here )
so in my view either you ride this small moves on daily time frame basis and take profits on weak price action or wait for one more drop before entering the Longer term trend trading ,
which is safe and preferably noise less
Good luck