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
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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.
Sir, I have stick with this @1100 levels from three months.Multiple times it tried breaking above but failed. Could you pls share the next targets and timelines, accordingly will try to exit..
AdarshDey
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@samratk028, I will sir.Once the reversal gets confirmed and the stock starts moving. I will update the bigger and intermediate moves for trading and exit as well.