Elliot wave formation with top head and shoulder . ------------------------------------------------------------------ ______________________________________________________________ it is making 8th wave according to Elliot wave theory sell @145 target will be our next support which is...
now in 8th wave of Elliot and made ahead and shoulder pattern at top . ------------------------------------- ________________________________________________________________ if it breaches itss neck line @ 145 then sell it below 145 for target - 135 which if next support for manappuran _______________________________________________________________
i have drawn it for study but if you want to trade then you can also trade on this in future and options
lets see what happens breakout or break down ------------------------------------------------------- -------------------------------------------------------- if breakout out it can touch 735-740 in 1- 2 days --------------------------------------------------------- ------------------------------------------------------- if breakdown can touch 640
wave 2 has a retracement of 78.6%. the 3 wave is not extensive but normal which has a retracement level of 161.8%. the retracement of wave 4 is 38.2% still the price spends more time on wave 4. if you want to grab the profit, you need to ride on the wave 5 which has a retracement level of 61.8%. there are high chances of wave 5 to be extended. target 525
moving in parallel line and formed a cup which had broken today ...... now target 1 ---600 target 2 --- 630
Is 4th wave possible... what do you think .. plsss comment below -------------------------------------------------------------------------------------------- this only a prediction if possible ..... we can say perfectly about 5th wave But at first it need to complete its major wave ...
if wave 4 cant cross 2173.15 and breaks 2139.65 .... then according to Elliot wave theory it can go for 216.8 % retracement and can touch 1870 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Sell @ 2010-2000 ---------- target ...
buying level and target are given in chart