We need to look out things. Voltas candle pattern is forming Head and shoulder pattern.. right shoulder is yet to form.. so we have to look below points...
1. Entry for short. If the candle break out the demand zone.. or ......if the pattern formed valid Head and shoulder... entry point @ 580 and target will be 549 & 538 stop loss...592
2. If the chart fails to...
MARKET ANALYSIS: The pair has reached a major level and is now travelling towards the next possible trend line support. Before the market could reach that we need to break the major support and demand zone levels. So lets wait for the market to break out the support to enter a short position. Cheers!
Voltas is making falling wedge upon breakout we can take long entry.
Entry = 593.5
tgt1 = 598
tgt2 = 602
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This one is best suitable Example of Side ways Move as three wave pattern based on Elliott wave theory
Wave is A started slow in move and made Fast move during its last c wave and End as Wave A
Wave B is complex in itself and its so dissipative in its move it broke the Low of Wave A in its secondary move and then Move up
currently its in Last move wave C of...