AbhishekHSinghCMT

GSFC- Knocked 118.80 - What Next?

NSE:GSFC   GUJARAT STATE FER
174 3 4
Any move above 122 & sustains then I shall look for respective wave-iii in purple or if it falls & sustains below 116-117 zone -it could indicate that rally was the b - wave in wave-ii (purple)- which is alternate waves.

In that case we could travel close to 80-85 zones

Trading Strategy
Wait for market direction

Previous Analysis- Rocket Move from 107-108
GSFC- Rocket Move Started from 107-108- Boom


GSFC 2016 Diary
GSFC 2016 Diary- 50+ points -Buy Above 107 or In pullback 75-80

Trade active: 14:28 Hrs 20th Jan2017

Is ((b)) wave done at 121.50 highs just below 122 as suggested above.

snapshot
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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How can b wave of corective wave ii (as u expect) can retrace beyond an impulse wave i , i think it must be wave iii.....
Reply
@munna907, It is an irregular wave- which always exist in markets to confuse traders.
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AbhishekHSinghCMT TOP AbhishekHSinghCMT
@AbhishekHSinghCMT, only sustained move above 122 will start giving us clue that is wave-iii
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