2 weeks before we had a doji candle oon the chart followed by a bullish reversal candle which closed above previous 2 candles high and which is followed by another bullish candle this week which is about to break 0-b trendline on the upside.Clearly momentum is building in this stock for a wave 5 tgt of 1640 and 1760,invalidation level is 1400,any 2 successive close below 1400 will terminate the wave 5 move.Wave counts has been shown on the charts.
As risk reward from this price is 1:1 trade cautiously and manage trade size accordingly.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
As risk reward from this price is 1:1 trade cautiously and manage trade size accordingly.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis