ASIAN PAINT 1 HOUR WOLFE WAVE CHART
BEARISH WOLFE WAVE SETUP
STRONG RESISTANCE AT 1610
SELL ASAIN PAINT NEAR 1600 WITH TIGHT STOPLOSS 1610 FOR TARGET 1570-75
I GUESS STRONG SUPPORT 1555-70 AREA
THERE IF BROKE WE LOOK STRONG SELL ZONE
SBIN 1 HOUR WOLFE WAVE SETUP
LOOKING GOOD SELL SETUP WITH VERY TIGHT STOPLOSS IN SBI
SBI SELL AT 368-369 NEAR TIGHT STOPLOSS 373.50-374.50 TARGET 348.00 & 341.00
• SBI is currently trading around 366.70
• It made yearly high at 373.60
Wolfe Wave formed at the top area could offer a good short trade with reasonable Risk to Reward ratio. One can short the stock below 1090 and look for a targt of 980.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Study by: MoneyTreeTrading.com
DISCLAIMER: For Educational purpose only.
The stock started its Wolfe Wave from point 5. Target of the Wolfe Wave is the line connecting Point 1 and Point 4. Expecting 107 target in next few days.