HINDUSTAN COPPER LTDUpdated HINDCOPPER - Observation & Hypothesis Sellers vs Buyers
Everything is explained within the chart.. Self explanatory.. This is just an hypothesis, maybe a crazy idea/view from someone with long bias on this script..
Nevertheless, In my humble opinion, it is definitely not a place to short at this juncture.
On the wave counts, price is at 50% retracement level, ideal for the 4th wave termination.. as long as 196 is protected, we are in for a ATH to complete the 5th
Wave counts of different timeframes can be located here
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
Nevertheless, In my humble opinion, it is definitely not a place to short at this juncture.
On the wave counts, price is at 50% retracement level, ideal for the 4th wave termination.. as long as 196 is protected, we are in for a ATH to complete the 5th
Wave counts of different timeframes can be located here
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
Trade active
Price went below 220 to complete the 4th wave and now back above the demand/buyer zone. I wouldnt dare to take this first impulse wave up.. Will wait for 1 of 5 to give a trend reversal signal (change in structure (LH-LL to HL-HH) and then enter at the 2 of 5 Dip..
Trading is a patience game and dont be a compulsive buyer/seller at any cost.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
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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