Petronet for 290?
Updated
Price filled the GAP at 345 range and attracted supply at the 350 zone. The fall is impulsive and the counts are marked herein.
Two GAPs at 290 and 250. and the 290 GAP looks ready to be filled. A pullback towards 333-335 cant be ruled out. Wait for the levels, dont jump.
Larger TF counts are copied below.
Weekly:
Daily (from primary 4th wave)
Even now, the bias is that we have done (i) , (ii) and (iii) of 4 and the 4 is in play. It means that, one more high or equal high at 380 is still possible as per this count (once this pullback is over).
But, if we break 280 at any point, we need to recount.. meaning, the 5 wave impulse got over at 385 and a deeper pullback is on the cards.
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
Petronet for 290?
Price filled the GAP at 345 range and attracted supply at the 350 zone. The fall is impulsive and the counts are marked herein.
Two GAPs at 290 and 250. and the 290 GAP looks ready to be filled. A pullback towards 333-335 cant be ruled out. Wait for the levels, dont jump.
Larger TF counts are copied below.
Weekly:
Daily (from primary 4th wave)
Even now, the bias is that we have done (i) , (ii) and (iii) of 4 and the 4 is in play. It means that, one more high or equal high at 380 is still possible as per this count (once this pullback is over).
But, if we break 280 at any point, we need to recount.. meaning, the 5 wave impulse got over at 385 and a deeper pullback is on the cards.
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
Two GAPs at 290 and 250. and the 290 GAP looks ready to be filled. A pullback towards 333-335 cant be ruled out. Wait for the levels, dont jump.
Larger TF counts are copied below.
Weekly:
Daily (from primary 4th wave)
Even now, the bias is that we have done (i) , (ii) and (iii) of 4 and the 4 is in play. It means that, one more high or equal high at 380 is still possible as per this count (once this pullback is over).
But, if we break 280 at any point, we need to recount.. meaning, the 5 wave impulse got over at 385 and a deeper pullback is on the cards.
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
Petronet for 290?
Price filled the GAP at 345 range and attracted supply at the 350 zone. The fall is impulsive and the counts are marked herein.
Two GAPs at 290 and 250. and the 290 GAP looks ready to be filled. A pullback towards 333-335 cant be ruled out. Wait for the levels, dont jump.
Larger TF counts are copied below.
Weekly:
Daily (from primary 4th wave)
Even now, the bias is that we have done (i) , (ii) and (iii) of 4 and the 4 is in play. It means that, one more high or equal high at 380 is still possible as per this count (once this pullback is over).
But, if we break 280 at any point, we need to recount.. meaning, the 5 wave impulse got over at 385 and a deeper pullback is on the cards.
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
Trade active
"A pullback towards 333-335 cant be ruled out. Wait for the levels, dont jump."
This was the pullback level mentioned and price pullback halted at 334.25..Ideally, the price should move lower from here in an impulse manner.. Safe traders can keep 335 as SL (hurly closing basis)
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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