DR REDDY GAP DOWN IN 3rd WAVE
we clearly see GAP DOWN in 3rd wave of the 5 waves of the C wave. What does this indicates? A fall to complete the 3rd wave was quick. we are done with 3rd wave and in the process to complete the 4th wave.
Possibilities:
*) Downward it can go to 1148-1160 to complete the 5th wave.
*) It may close the 3rd wave Gap before resuming its downward Journey to complete the 4th wave. (Less Probability)
In Either case I would prefer not to enter any new position and wait for the right opportunity.
Disclaimer: I am not SEBI registered Member. This is Strictly for educational purpose only.
Possibilities:
*) Downward it can go to 1148-1160 to complete the 5th wave.
*) It may close the 3rd wave Gap before resuming its downward Journey to complete the 4th wave. (Less Probability)
In Either case I would prefer not to enter any new position and wait for the right opportunity.
Disclaimer: I am not SEBI registered Member. This is Strictly for educational purpose only.
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