INFO EDGE HAS BEEN IN AN CORRECTION FROM LONG TIME(6 MONTHS).AS OF NOW IT LOOKS LIKE W-X-Y DOUBLE CORRECTION'S SECOND CORRECTION Y IS GOING ON.
CURRENT STRUCTURE:W-X-Y.Y(C WAVE)
YESTERDAY'S TRADING MOVEMENT AND EOD CANDLE STICK SUGGEST THAT WE ARE DONE WITH WAVE B OF SECOND CORRECTION(FLAT).PRICE HAS EXACTLY STOPPED @ PREVIOUS TOP OF CONNECTING WAVE X TOP.
ONE SHOULD LOOK TO BUY THIS STOCK IN THE RANGE 4545-4270 WERE WAVE C MIGHT END.ONCE PRICE FALLS IN THE MENTIONED ZONE ONE SHOULD LOOK FOR AN BULLISH REVERSAL CANDLE ALONG WITH PRICE CROSSING 5 DAY SMA ON CLOSING BASIS AND RSI CROSSING 50 LEVELS FOR ENTERING LONGS.ANY OF THE TWO MENTIONED CRITERIA WILL BE GOOD FOR INITIATING LONGS.TARGET FOR THE TRADE WILL BE UPDATED LATER ONCE TRADE GET'S ACTIVE.
FOLLOW RISK MANAGEMENT AND MONEY MANAGEMENT RULES ONCE PRICE FALLS IN THE MENTIONED ZONE AND GIVES BUY SIGNAL
CURRENT STRUCTURE:W-X-Y.Y(C WAVE)
YESTERDAY'S TRADING MOVEMENT AND EOD CANDLE STICK SUGGEST THAT WE ARE DONE WITH WAVE B OF SECOND CORRECTION(FLAT).PRICE HAS EXACTLY STOPPED @ PREVIOUS TOP OF CONNECTING WAVE X TOP.
ONE SHOULD LOOK TO BUY THIS STOCK IN THE RANGE 4545-4270 WERE WAVE C MIGHT END.ONCE PRICE FALLS IN THE MENTIONED ZONE ONE SHOULD LOOK FOR AN BULLISH REVERSAL CANDLE ALONG WITH PRICE CROSSING 5 DAY SMA ON CLOSING BASIS AND RSI CROSSING 50 LEVELS FOR ENTERING LONGS.ANY OF THE TWO MENTIONED CRITERIA WILL BE GOOD FOR INITIATING LONGS.TARGET FOR THE TRADE WILL BE UPDATED LATER ONCE TRADE GET'S ACTIVE.
FOLLOW RISK MANAGEMENT AND MONEY MANAGEMENT RULES ONCE PRICE FALLS IN THE MENTIONED ZONE AND GIVES BUY SIGNAL