neotheicebird

KILPEST - Wave Analysis

Long
BSE:KILPEST   None
Kilpest seems to be currently undergoing the 3rd wave of a long term upward trend and so far the wave action hasn't been broken. The 3rd major wave is in itself comprised of 5 wave actions, of which 4 seem to be complete, the 5th of which is supposed to be the longest is yet to happen. Current price is just above a major resistance and a possible setup is to enter with a small stoploss.

An example Setup:
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Entry - 474.55
Exit - 1024 (1.618 fib level, conservative exit)
SL - 437.25 (below previous low)

Disclaimer: This is not financial advice, please do your own research before making any trading decisions.