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kvsrinie

Massive cup & handle. Wave 5 target of 297, defeating ATHs

Long
kvsrinie Updated   
NSE:MOTHERSUMI   None
Trend Analysis Chart Patterns Wave Analysis
2
3
trendanalysis chartpattern waveanalysis
Mothersonsumi is forming a beautiful elliot wave formation & looks like it will defeat the ATHs of 260-270. Also, it is seemingly doing a massive cup and handle formation, from Jan'18. It is above all daily EMAs for now.

Invalidation levels: 200 or a high volume drop from 200d ema
Comment:
This has worked beautifully so far. Since wave 4 low, this has formed higher highs and higher lows & is now testing the 238 level. Might see a sideways movement and then a break towards past high!
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