Heading into C-Wave Down First, it was A-wave down from 590's-600's to 470's then B-wave traded between 520's to 560's & Likely we get C-wave down below 470's into the support zone 430-440's- but as if it is premature.
Recent top@575 could be B-wave top & premature as we will for some more price actions.
Short Term Opportunity Going below rising trendline shall be short term sell opportunity into the zone 540-545's then we will wait for bounce if that bounce respects the top@575-576 then that should be taken as a bigger sell opportunity in coming sessions.
Shall be searching for selling opportunity- gave us Wave-A
Hidden Bullish Divergence- Gave us B-Wave from 520's to 560's
Trade active
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21:42 Hrs 13th Dec2016
Last Price@552
Moving in the desired direction
Trade active
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22:11 Hrs 13th Dec2016
Last Price@552
Latest Update on LICHSGFIN
Comments
anupminj7
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WHATS THE TGT
WaveTalks
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@anupminj7, Looks like B-wave is not done yet & look to sell close to 595-605 zone if it jumps upside holding 540-550 downside
sandy
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sir today lic seems to give bearish engulfing .sir ji tussi great ho ......................
WaveTalks
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@sandy, Market is great -I am just a small guy. Enjoy the markets & have fun.