Granules had completed corrective wave structure of the previous impulse in the form of a zigzag as given in the chart and has since been forming new impulse wave.
Stock has completed wave 1 of lower degree and has been correcting providing a buying opportunity. Stock may take support at 0.618 to 0.786 levels.
Buy in the range of 483 / 476 levels for a target price of 545 or higher. Maintain stop loss of 472
Will revise the targets as the impulse wave continues.
Happy Trading!!
Trade active
If stock does not hold 0.786, exit tradeTrade closed manually
Exit trade
ChartTheWave |
t.me/chartthewave
Welcome to the world of Elliott Wave Principle "EWP". This channel is a forum for practitioners, enthusiasts, and learners. Our aim to build a team of traders who apply EWP - learning, sharing, and profiting together.
t.me/chartthewave
Welcome to the world of Elliott Wave Principle "EWP". This channel is a forum for practitioners, enthusiasts, and learners. Our aim to build a team of traders who apply EWP - learning, sharing, and profiting together.
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
Welcome to the world of Elliott Wave Principle "EWP". This channel is a forum for practitioners, enthusiasts, and learners. Our aim to build a team of traders who apply EWP - learning, sharing, and profiting together.
t.me/chartthewave
Welcome to the world of Elliott Wave Principle "EWP". This channel is a forum for practitioners, enthusiasts, and learners. Our aim to build a team of traders who apply EWP - learning, sharing, and profiting together.
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.