As per the chart it seems to be at the sub-wave e of abcde trainge for wave ( iv) .
wave e should end below the trendline connecting wave a ==> wave c .
invalidation :- if the price breaks the trendline between wave a and wave c then the view becomes invalid
accumulate at the end of wave (v) . near levels 830 840 850 rs
a fught between bulls and bears over the upper trendline of the downfall
my personal view since 4 years is that silver has to reach 1 00 000 rs per kilogram ...
the outcome for this fight might be anything as of now , but it is surely hitting the skies ....
Currently the downtrend is being tested and prices are sustaining around the trendline ...
here as we can see after the motive waves 12345 , we are into abc correction
out of abc , wave a has been identified , and now wave a shall be retraced by wave b ,
keeping it very minimal to 50% retracements .. also the price action suggests that 350 levels
are a short term rejection levels as well ..
I am bullish on raymond on a yearly perspective and have...
as per charts
a leading diagonal is formed wave i
and then it got retraced to the 0.78% levels which is marked by end of wave ii
the target is 4000 rs first and then 4500 levels
strong buy recommendation
Cipla is in the completion of the 5th wave ( e wave ) of the greater degree wave C .
wave e always has five waves within .
Stoploss is marked in the chart,
play this by Options or by futures ...
My strong conviction for this trade
Posting here to have a demonstration of how we take trades based on Elliott wave principles.
For paid works your discussions and...