TradingView
NeeteshJain
Aug 22, 2016 5:53 PM

Jain Irrigation - Wave 5 completed, Now in Corrective Phase  Short

JAIN IRRIGATION SYSTEMS LTD.BSE

Description

As per the price action, it seems like 5 impulse waves are completed within the up-trend channel and now it will move further in corrective phase where 3 waves will continue rallying downward against the trend. The three corrective waves would name A B C. I have marked only Wave A in the above chart.

Trade active

Observed a Doji candlestick that indicates indecision. We might see a short selling soon.
More