FLAIR LONG
Updated
The Elliott Wave analysis indicates that the stock has finished waves (i) and (ii).
Stock is moving in the wave (iii), which are shown by blue numbers on the daily chart.
Wave (iii), also known as the strongest impulse wave, unfolded into five waves, which are illustrated in red.
waves i, ii, iii and iv are finished and shown in red colour on the chart.
Wave v (in red colour) of wave (iii) (in blue colour) will unfold in five waves, as illustrated in the black circle.
Wave levels are depicted on the chart.
Level of Invalidation
The invalidation level of 294 has been identified as the end point for wave i. If the price falls below this level, it means that the projected Elliott Wave pattern is not as it appears.
I'm not a registered Sebi analyst. My research is done solely for academic purposes.
Please consult your financial advisor before trading or investing. I bear no responsibility for your profits or losses.
Regards,
Dr Vineet
Stock is moving in the wave (iii), which are shown by blue numbers on the daily chart.
Wave (iii), also known as the strongest impulse wave, unfolded into five waves, which are illustrated in red.
waves i, ii, iii and iv are finished and shown in red colour on the chart.
Wave v (in red colour) of wave (iii) (in blue colour) will unfold in five waves, as illustrated in the black circle.
Wave levels are depicted on the chart.
Level of Invalidation
The invalidation level of 294 has been identified as the end point for wave i. If the price falls below this level, it means that the projected Elliott Wave pattern is not as it appears.
I'm not a registered Sebi analyst. My research is done solely for academic purposes.
Please consult your financial advisor before trading or investing. I bear no responsibility for your profits or losses.
Regards,
Dr Vineet
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