NAUKRI... MORE RALLY AWAITS
Another Elliot wave pattern.
We can see the share price has completed wave 3 and is correcting in a pattern (wave 4).
Expect a rally towards 5300 after this short-term correction.
We can see the share price has completed wave 3 and is correcting in a pattern (wave 4).
Expect a rally towards 5300 after this short-term correction.
Trade active
I hope wave 4 has ended here. It had gone 100 points below from where I was hoping it to end. This is at 0.5 retracement. Technically we should see a rally towards 5120.
I'm holding my positions (at loss now).
Trade active
Here comes wave 5. Happy trading!Trade closed: stop reached
Trade went terribly wrong. Sorry guys!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.