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profitadda
Mar 14, 2021 1:16 PM

KEI : 1:4 Risk Reward Trade Long

KEI INDUSTRIESNSE

Description

Stock Showing Movement in Elliot Wave Pattern.
After one round of Eight Wave cycle started from 211 till 412.
Now Stock seems Making 2nd 8 wave Elliot wave pattern. After Wave-1 [ started at 417.1 to 528.45] stock moving in consolidation and forming 2nd wave with Triangle formation. Once breakout from present consolidation zone above 530.5 we can expect a wave-3 move upto 645.5. if stock take retracement forming wave-4 after this and takes support @ 559 which will be 50% Fibo retracement of current degree wave-3 and then we can expect further move upto 671.

Trade active

Comment

Stock can give one more entry opportunity now in vicinity of 517-535 to enter

Comment

Capital doubled in Eight Months
Comments
sohamdey76
holding the stock at 519.
profitadda
@sohamdey76, I my view keep holding👍🏾
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