Previously, I shared an idea where the price structure was moving on a curve road, that curve road looked fancy to me, else it had no point on the chart. Yes, the curve road helped to determine a rough target for sure. Now, after reaching our expected targets, the scrip is moving in a parallel channel with some excess. The scrip has potential to fill the gap upside at 481 levels and also has potential to move further up towards 507 /517 levels.
How to trade?
Right now seems that wave C is not complete and we might see 415/407 levels. The confirmation and bullish setup at these levels will confirm the up move, counts will become invalid below 399 and C of ABC corrective wave will be valid., I will update at that level.
We could find selling opportunity for intraday for mentioned levels, you could trade according to your plan.
In case, if sustains above 454 then we might not witness 415/407 levels and the scrip may push towards 507/517.
If you want to see other simple price action analysis and highly accurate setups, then visit my profile and see my other charts.
Reach out to me for doubts and queries via private message.
Regards
Tha ABC waves talking about. But for now, I would like to stay away for these counts.
How to trade?
Right now seems that wave C is not complete and we might see 415/407 levels. The confirmation and bullish setup at these levels will confirm the up move, counts will become invalid below 399 and C of ABC corrective wave will be valid., I will update at that level.
We could find selling opportunity for intraday for mentioned levels, you could trade according to your plan.
In case, if sustains above 454 then we might not witness 415/407 levels and the scrip may push towards 507/517.
If you want to see other simple price action analysis and highly accurate setups, then visit my profile and see my other charts.
Reach out to me for doubts and queries via private message.
Regards
