AS per last chart its move as per Elliot till date in minute degree wave 3 may end within 11618 zone on larger degree wave 4 correction is complete on 5-3-5 basis and now its set for wave 5 and it will be very lazy Wave towards 12300 and it probally end during jan or feb.
watch wave count
Note: No Tp and Stop for more information contact me and...
Its drawing nothing to suggest its shorter degree Elliot Wave which is on most confusing wave 4 it may reverse from 14.6% or 23.6% or max 38.2% show if you agree You can follow up this trade
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On this stock Elliot wave theory applied and try to find a big move within this stock and what I found till date
** Wave 1 already completed and Wave 2 also with respect of Fibonacci retracement levels .
** On wave 1 we can see a impulse wave with leading diagonal formation pattern and clearly match with Fibo levels in shorter degree...
Till date Nifty on wave 3 on larger degree of Elliot wave
** If we subdivided wave into shorter degree or in 5 wave its match with Fibonacci retrenchment levels in all subdivision of wave 1.
** On wave 2 which is a corrective wave also match with Elliot wave rules and its take corrections within 50% of wave 1.
** On wave 2 ...
No such call on NSE:CONCOR monthly /weekly /daily looking strong uptrend for last 15day period
I will proceed long on this stock only above 448 level closed on daily with possible TP and stop will be on latter