BIOCON
bioconthis may the last move of impulsive wave then after it may correct itself
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BUY NOW FORTHE MOVE OF 100 -150 POINTS
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THANKS
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Biocon, EW with Relation of maths for long.I've already entered in long at 368 with an alert on 29 Jan 2021. I hope that you will get entry-level as mentioned on the chart at wave 2 retracement of wave 1 but I don't suggest holding position if the price falls 375 below.
This setup has higher risk and rewards 1:6 or 1:8 because of wave (3).
Check out the long-term chart.
Part 1 Biocon(Weekly), finding stop for 4rth Wave (TF-W/D/30min)The price is finding the number of 4rth waves to stop and will travel for the 5th wave which exists at 388 nearby(38.2% retracement) or 360-378.
Let's assume that the 5th wave still remains then, the target should in the step by the previous important level as 468/488/506.