HAL - WOLFEWAVE Set up can take it to 4800 levels
Updated
CMP: 4108
TF: 75 Minutes
It fulfills all the criteria for the WolfeWave pattern.. Waiting for the swing high to be taken for further confirmation and then it could possibly go 4350 and 4800 levels in the coming days.
TF: 75 Minutes
It fulfills all the criteria for the WolfeWave pattern.. Waiting for the swing high to be taken for further confirmation and then it could possibly go 4350 and 4800 levels in the coming days.
Trade active
Price is now inside the channel and also broke the swing high at 4250. Today's high is 4300+.. expecting it to break the falling trendline too and move up further.. trade active nowTrade closed: target reached
Price hit the falling trendline at 4400 and halted. Price could spend some more time here or come down to fill the GAP before resuming the upmove. For now, the desired target achieved and hence, I am closing the trade
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
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