Good Day Traders... Elliott Wave Perspective on the stock If you want to learn more Elliott Wave Theory please check out my channel...
Levels as mentioned on the chart Followup Trade Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Dhiraj Singh Bais Warrior @ Battle field
View posted on 04 Jun 20....Time to lock in some profits Followup trade Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Dhiraj Singh Bais Warrior @ Battle field
BHARTI INFRATEL currently in 4th Elliott which retraces 38.2 % of wave 3 should take this to 207-211 zones then 5th Wave which usually equals to that of wave 1 should complete near 268 (rally may start be before result?) as per wave projection. Trade at your own risk.
Using the concept of Elliot waves and NEO waves, considering the Fibonacci retracement and the trend channel, according to my analysis nifty will hit the levels around 10700, the last correction was nothing but a bear trap, i have already bought nifty calls for 10700CE while market was down. Disclaimer- This is just an analysis please take advise of your advisor...
REFER TO CHART A CORRECTION MIGHT HAPPEN FROM HERE, AND IT WILL DETERMINE IF BULLISH TREND WILL CONTINUE OR NOT. CORRECTION WAVE MIGHT NOT TRACE THE SAME PATH AS PROJECTED IN CHART. POINT 5 IS SUSPECTED TO SHIFT AND MAY REACH A PLACE BELOW 200 DEMA OR HIGHER, ONCE POINT 5 IS FIXED IT WILL BE EASIER TO PREDICT CORRECTION WAVE.
Important for reversal 176.5 & 171.5, the outcome was clear that we would get a smart move higher. Point to be noted: Volume must be higher than average at the both key levels to take long position. if sentiment remains strong, we could even see 182/189.5. Dont forget to Follow me and Like my work.
I opined to be extended wave 3 and price retraces 38.2% from topping out wave 3. if it wouldn't be matter if price turn out upto 8.10 at 50% because, intention to long for wa ve 5th at 13.95.
Levels as mentioned on the chart Followup trade plan Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Dhiraj Singh Bais Warrior @ Battle field
Completed a wave cycle hence could be a good short. Ending Diagonal Triangle SL 938, Target 730 (50% Retracement)