Looking to buy the retracement of wave 1 (marked in purple) as close as possible to Rs 8, with stop loss at Rs 6.98 and an immediate target of Rs 12.5.
RiskRewardRatio is 1 : 4.5
P.s. Why i mention this trade could be highly rewarding is because, i have reason to believe we have started Wave 3.
Hello guys , i have an excellent setup for EW overs here. Also the fun part is that it coincides with their quarterly result announcement on the 9th, so it can show huge movement. So the idea here is to ride the C wave.
First things first, ideally ill request you to check this setup in 5min chart. Since we are not allowed to post charts of TF less than 15 mins...
Guys, I am extremely bullish on UPL, can reach all time high very very soon! IMO, we have begun wave 3 and should very soon see influx in volume and gaps if i have analysed correctly. Ill update the internal wave count within wave 3, very soon.
For education purpose only.