Formation of an impulsive wave having 4th wave already completed. Currently the stock is trading in the 5th wave which is expected to be completed in the zone of 35-34. The idea will be invalidated if the stock sustained above the level of 86 till then it is sell on rise candidate.
Comment:
Comment:
the recent lows didn't break, suggesting the wave 4 still pending for completion. Expected to complete in the region of 85-90 zone.
Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
www.tradingsutra.com
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@TRADINGSUTRA @WAVESUTRA
Analyst & Co-Founder
www.tradingsutra.com
www.waveutra.com
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www.instagram.com/mansh_25
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twitter.com/mansh_25
YOUTUBE -
@TRADINGSUTRA @WAVESUTRA
