If one more los is possible then this is a valid pattern else we skip this and move on to next bullish chart. If consolidation continues furthermore then it may lead to triangle formation. If the previous high was broken then the Triangle get fail and it may complete flat pattern and one more low pending.
@Vinayjain9 I better suggest not to trade in this situation bro. Wait and watch the wave formation. I have posted new chart . Kindly look into it.
Vinayjain9
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I understood the high and low of the wave . Actually I have entered in this stock at 245 . Just waiting for some upmove to exit . That’s why I was asking you . If going down long then what can be the Stoploss for exit . Thank you so much
Vinayjain9
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If by any means do you think 245-250 possible in this stock in 1-2 month time frame