Short TV18BRDCST Wolfe Wave !The stock has formed a nicely Wolfe wave at the Junction which seems to work as resistance. My experience with this patter is that it works better if it breaks the boundaries come back but we can still take the chance here by providing small stop loss of high of recent swing. Mostly it offers good risk to reward trade. Good Luck!
Wolfe Wave
NCC SHORT Multiple patterns !I would short the stock tomorrow opening with SL of 88.50(Closing basis) and expect a target of around 80 and framing the trade with the following reason :
1. The stock is showing good frequency around the lines.
2. it is having 2 Drives and Wolfe wave developed confirming a potential reversal.
3. MACD is showing Divergence & Stop loss is affordable to me so looks worth risking.