Usually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above...
Following points are observed:
1. IH&S on larger TF
2. BO on DTF
Can be bought on some retracement around 1200-1220
with SL below Right shoulder - 1140 closing basis.
DISC: Please consult your financial advisor before investing.
A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
#affle
A portfolio stock.
Those who have patience, can add this stock to portfolio for long term (3 years atleast)
Last week was a strong breakout.
Start adding at CMP (1308) and all the dips till 1200
I will not be keeping SL for it, but can be placed at 1050 on WCB
#vr
>>Go long If a Daily candle Close above 1100 and its High Breaks, TGT 1250
>>Short If a Daily candle Close below 1015 level and its low Breaks, TGT 938
*Always Enter With good confirmation & Maintain proper Risk Reward.
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