A wolfe wave has been spotted in Weekly Time Frame. After the covid fall the Wolfe wave has already activated.
Currently the stock is forming its 2nd Wave. The 3rd wave is yet to be initiated. Hopefully it will take a support from this level to 911 and initiate the 3rd wave. So it's a accumulation zone. One can accumulate from here or after getting a reversal.
Stop loss and Target would be updated later.
Chart & Analysis
ADARSH DEY
Currently the stock is forming its 2nd Wave. The 3rd wave is yet to be initiated. Hopefully it will take a support from this level to 911 and initiate the 3rd wave. So it's a accumulation zone. One can accumulate from here or after getting a reversal.
Stop loss and Target would be updated later.
Chart & Analysis
ADARSH DEY
Comment:
Today a Good bounce was seen from the mentioned level of 911. Hopefully this triggers the 3rd Wave. And after this a good rally can be seen in this stock.
Comment:
Have given a successful reversal
