TradingView
WavesandZones
May 8, 2023 12:43 AM

(JKCEMENTS): {READY TO SHOOT ANOTHER 4%} Long

JK CEMENTS LTDNSE

Description



Price has been in an Uptrend and will continue the same, Price has just given a pullback into a Demand syned into Weekly Daily and 4H, hence another 4% Upward.

ENJOY THE RIDE!!!
Comments
PriceActionHelp
Ok, but where is the Elliott Wave?
WavesandZones
@PriceActionHelp, Thanks for responding!!!
According to the 12 Months chart, Price is forming the first ever 5 Wave Impulse, Wave 1 and 2 are complete, now Price is in Wave 3 which is a double Impluse structure of which A (Impulse) and B(Correction) are complete and the last Wave C(Impulse) is in formation at the moment. This is how I look at it, and I prefer keeping the info simple so I just prefer mentioning the Entry SL and Tgt,
PriceActionHelp
@WavesandZones, that's why it's probably better to mark the chart : Anyway, on the daily chart I see a to-be-completed leading diagonal (a bearish view now).
WavesandZones
@PriceActionHelp, Price has been consistently violating Supplys and respecting Demands forming new Highs, 19 April High violated, 2 May High violated, also Price has closed in Demand which indicates a completion in pullback and now it should go up again
More