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Wolfe Wave

DR REDDY GAP DOWN IN 3rd WAVEwe clearly see GAP DOWN in 3rd wave of the 5 waves of the C wave. What does this indicates? A fall to complete the 3rd wave was quick. we are done with 3rd wave and in the process to complete the 4th wave. Possibilities: *) Downward it can go to 1148-1160 to complete the 5th wave. *) It may close the 3rd wave Gap before resuming its downward Journey to complete the 4th wave. (Less Probability) In Either case I would prefer not to enter any new position and wait for the right opportunity. Disclaimer: I am not SEBI registered Member. This is Strictly for educational purpose only.
NSE:DRREDDY
by swapsachin
Cipla Update after the Correction Please refer the earlier chart of Cipla. Correction is over, we are seeing a big move up after the end of correction at wave e, remember there might be a pull back but overall the uptrend has just began. I am expecting that Cipla to move at 1675-1679 by Mid March to End of March. First Immediate move to 1580 and then the rest will unfold slowly. Disclaimer: I am not SEBI registered member and these Ideas are meant only for educational purposes.
NSE:CIPLALong
by swapsachin
Bearish Wolfe Wave - Nifty /weeklyFriends, Technically I see bearish Wolfe wave forming in nifty weekly chart, though it initially gave 2 red weekly candles, there is a high chance of making fresh all time high considering big event (Union Budget) (or) it might face resistance at 21970 to 22060. Hence i am unable to find proper stop loss for this pattern this time... Those who are already in short side please keep your tentative stop loss as 22125. If Nifty didn't cross 22060 go short and my target is big ( I may be wrong). I marked few of the supporting points with green lines along with the target. Your views, suggestions and comments are welcome. Please not this chart is only for educational purpose. Neither I am suggesting for any trade nor I am a SEBI registered analyst. Thank You.
NSE:NIFTYShort
by ravi32119
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