Well I have met many Jokers in this platform , who claims so much of victory but have no idea what is happening in the stocks / Indices
They still continue to claim their indicators , Telegram Channels ( Message in Private Box ) , and etc etc and retail usually follow them only to end up getting loss
I had to make this above statement particularly one individual is very irritating me with various methods , i am letting it go ignoring so far
Regarding Scrip , ITC so far have made its move up as 3 wave impulse and have corrected in the pattern of ABC as sharp corrective pattern Wave 4
by which it meets the Guidelines set or advised by R N Elliott as alternative moves of sharp and side ways ( wave 2 is side ways so the wave 4 will be sharp )
Now i am looking for a strong reversal basically on daily then followed by weekly , apparently its still not showing a sign of strong reversal daily
for safe entry and long term prospective one can wait for weekly strong close , because the room to down side is still at large it can come down or it might reverse
at any given condition it must not brake the low of its last impulse leg
So people please wait for strong close on weekly and take a safe entry for next move up
Good luck
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Well all of you aware its making an small moves to down side , and i call it as
Last Omit of the trend , Yes you are reading , its Going to omit one more time out form the current channel before it makes any reversal
I am attaching a chart here for your reference one can wait for strong close before taking a decision of entry in the scrip
Trade active
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buy on 2 Hour candle reversal and the candle should be Complete Green ,
Any clue if we can tell if the trend has reversed ? Or is it alright to enter now and ride the downtrend and go all the way up to TP ?
ShreeKrishna
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@tariqueali11, I may wait for weekly close , because of my knowledge & Experience i am replying you sir , i do not go for bottom hunting unless i am sure with the structure and trade set up , this scrip is highly fluid and losing few points for entry is acceptable rather sitting in the trend without no movement for longer period before the actual trend start , Rest Good luck to your venture