chola finance wolf wave formation,, with positive divergence on RSI and MACD indicator,, RSI have given breakout from falling trend line and MACD have given positive cross over,, looks like the retrace ment for the counter is over,, good to go long for 10-15% up move,, once breakout is confirmed
Good long candidate
It is a really crucial time for ONGC. There are two Wolfe Waves that has been formed and both are on the verge of getting triggered. The level that is needed to be watched is 128. As the stock crosses and sustains the level of 128. Gradually 180 and 212 can be seen in long term time frame.
WAVES has broken out from its down trend line but has not yet bounced back as hard as most other altcoins from last week's lows.
It is so far trading sideways between the 0.23 and 0.38 Fib levels, but could be headed upwards taking support of and facing resistance from the higher Fib extension levels drawn.
Subject to a large extent to BTC maintaining above...
BSE:BLACKROSE will breakout of this channel around 29th April if I am precise enough!!!
However if not date, the price Reversal Box shown on the Chart shows high probability of Price correction to exhaust and Bulls rush in lifting the Stock up to the Moon.
Confirmation awaited around Rs148-Rs154 levels.
The predictions and observations are educational and...
. There is a possibility of temporary retracement to 13.5/14$
. traders can set orders based on Price Action and expect to reach short & long term targets.
. WAVE is in a uptrend and the continuation of uptrend is expected.
. The price is above 14$ zone leads more upside.