Stock is continuously in Bullish sequence so Ideally we should look for Buying opportunity in correction and enter at extreme levels as per our system
After making high on 12Nov. Stock is in making of 3 Wave correction down in ((W)) ((X)) and ((Y)) black.
@ 1800 we expect ((X)) black to complete - which is 100% retracement of (w) blue from (x) blue.
From this level it should start its completion of ((Y)) black and complete Wave II red (upto @ 1457 is 350 Points down.)
At ((Y)) it will complete Wave II red, and than stock can resume it trajectory to complete wave III red, which will give min move upto 1800 level again means another 350 points.
Total almost 700 points move on stock of 1457 means @ 50%
SHORT Position as contra move
Entry Level :1802
Profit Book : 1460
Stop Loss : 1920
LONG POSITION:
Entry level :1457
50% profit : @ 1630 as per our system.
Stop Loss : 1287
We are attempting to take both position
After making high on 12Nov. Stock is in making of 3 Wave correction down in ((W)) ((X)) and ((Y)) black.
@ 1800 we expect ((X)) black to complete - which is 100% retracement of (w) blue from (x) blue.
From this level it should start its completion of ((Y)) black and complete Wave II red (upto @ 1457 is 350 Points down.)
At ((Y)) it will complete Wave II red, and than stock can resume it trajectory to complete wave III red, which will give min move upto 1800 level again means another 350 points.
Total almost 700 points move on stock of 1457 means @ 50%
SHORT Position as contra move
Entry Level :1802
Profit Book : 1460
Stop Loss : 1920
LONG POSITION:
Entry level :1457
50% profit : @ 1630 as per our system.
Stop Loss : 1287
We are attempting to take both position
Comment:
So Far So Good
Comment:
Approaching our entry level please keep on your radar