Short

MFSL - WolfeWave is active

Updated

CMP: 1115

The visible target is sub 900 levels.. lets see if the market acts as per the WW set up on this.

I have recently published a similar IDEA on HAL

HAL - WOLFEWAVE Set up can take it to 4800 levels

Trade active

Price has bounced from 1100 levels to 1160-70 levels against our short view.. But the price is still trading below the trendlines still.. Trade is active with an SL of 1205

Trade closed: target reached

Pattern is still active and getting stronger day by day..Now we can see H&S pattern formation too..

200 Hour EMA was acting as a resistance at 1200 levels.. that swift pullback from 1080 to 1200 had shook my confidence and conviction.. But the SL got saved by a few points..

Price can take any form.. we should be adaptable to the same. Entry is very very crucial and important..

For now, price could possibly give a bounce to 50 HEMA.. Waiting for the break of Swing low

Murthy_Santhosh

I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision

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