AJAYSHARMA
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Elliott waves - Ending Diagonal - Panic bottom coming up

NSE:YESBANK   YES BANK
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9
509 7
es Bank - Panic bottom coming up. RSI divergence in wave v . Look out for it . But this will only be a wave A down . Now the hunt for wave B sharp pull will begin after this panic bottom.
RSI up and price down ... this stock will shoot up?
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Thanks for analysis? Can you please share your analysis on sunpharma?
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Very good entry below 130 in yes bank

even a increase from 130 to 230 in yes bank will give us a profit of 77 %
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AJAYSHARMA joel-vg
@joel-vg, We are assuming it to be an Ending Diagonal . The rules are 1>3>5 and 2> 4 . So if wave 5 becomes more than wave 5 the scenario willhave to bee junked. Panic bottom will normally happen when 1-3 trendline is breached . Then the move on the opposite side will start .
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AJAYSHARMA AJAYSHARMA
@AJAYSHARMA, Sorry if wave 5 becomes more than wave 3 -- correction
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joel-vg AJAYSHARMA
@AJAYSHARMA,

so as per this scenario the SL should be around 100

buy scenario will come anything below 140 as per my understanding
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AJAYSHARMA joel-vg
@joel-vg, yes sir
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