NeeteshJain

ZEE Completing Wave 5 - What's Next?

BSE:ZEEL   ZEE ENTERTAINMENT ENTERPRISES
As per Elliott Waves , it is been observed that the price action has completed 5 waves by reaching to 585 levels today. Wave 5 was counted as Extension of Extension Wave which made it the largest among rest waves. Now, it is a good time to look for a short opportunity. I believe a double top can be seen in few days which may act as a good opportunity to short.

I'm updating this chart to get opinions from our fellow friends in community in order to develop this opportunity with everyone and for everyone.

Comment your opinion, much appreciated.

Regards,
Neetesh Jain
Trade active: Reaching to Target 1: 556
Trade closed: target reached: Today, target reached at 558 levels. I booked Partial Profits

Comments

Hi Neetesh,

i am new to technical trading hence i am observing your posts since 1 month, your posts are quite informative and others can easily understand your views :)

What is the time period and Stop loss & target price for this post ?
Reply
NeeteshJain ChandrakanthG
@chandrakanthG Target 1: 556 Stoploss: 595

Thanks for the kind appreciation. Regards

Reply
Singh_Siddz NeeteshJain
Brilliant Analysis
+1 Reply
NeeteshJain Singh_Siddz
@ aparn.siddz Thanks
Reply
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