Always beware of a corrective ABC pattern when a stock is below its previous highs in a bull market . It is tradeable but not buy and hold. Expalined in the chart . Regards
What u see and what I see in the same chart is different. See you on the wrong side soon :)
AJAYSHARMA
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@Tushar_Dhankani, I respect trendlines and angles . 0A angle is abt 70 degrees . BC angle is abt 69 degrees . Decreasing trend angles especially when they more then 45 degrees signal loss of trend power which may result in a Leading diagonal signal . A good lasting trend has to oscillate along a 45 degree line +/- 10 degrees . In this case we need the trend to mature . I booked profits at 160 cash basis Regards
AJAYSHARMA
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@AJAYSHARMA, I think I need to send more posts on trend angles and different kind of Elliott wave impulsive structures . Only of I dont get flak . Regards
Tushar_Dhankani
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@AJAYSHARMA, You are over analyzing it, look at naked charts and only then you will be able to communicate with the price. Anyway all the best
AJAYSHARMA
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@Tushar_Dhankani, Bhai . I may be absolutely wrong . I am in the habit of booking profits. Regards