Stock completed wave 4 of higher degree on 8th August and has resumed on its upward journey in the form of wave 5.This wave 5 is under its wave 3,of which lower degree wave 4 is done as wave 5 has started so structurally we are in 5 of 3 of 5.
under current scenario One can go long at cmp of 2813 with a stop-loss of 2700 with a target of 3036,giving us a risk reward of 1:2.This target is of wave 5 of wave 3 of wave 5.Higher degree wave 5 would take prices beyond last high of 3268.
Disclaimer:This are just my view on the stock, no position should solely be taken on its basis.Posting this just for my future reference.
under current scenario One can go long at cmp of 2813 with a stop-loss of 2700 with a target of 3036,giving us a risk reward of 1:2.This target is of wave 5 of wave 3 of wave 5.Higher degree wave 5 would take prices beyond last high of 3268.
Disclaimer:This are just my view on the stock, no position should solely be taken on its basis.Posting this just for my future reference.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.