jacktheGREAT

is federalbank in wave 3 ?(STUDY)

NSE:FEDERALBNK   FED BANK
223 2 4
FOR STUDY PURPOSE ONLY

look here,
from low of 42 it goes to 85 (wave 1) then retracement of 50% at 62 gives (wave 2)
now let's see wave 3 MAY end at 113(ext. of 1.618% wave 1 )BLUE line
OR at 130 (ext. of 2% of wave 1 ) PINK line (LET's wait & watch )
IF wave 4 is 50% retracement of wave 3 then comes 94(YET TO DEVELOP)
IF wave 5 1.27 ext. of wave 3 then 126/147 (YET YO DEVELOP)

(time bars for study purpose )

EXPERTS PLEASE COMMENT AND SHARE YOUR VIEW
thanks Jack - you are great
i will prefer the blue line !
Reply
@joel-vg, you are welcome @joel-vg
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