Snowman - Next Trend Change will happen on 1st Feb 2021

• Harmonics Trend Change - Feb 1, 2021
  
• Target - above Rs. 90 - go Long
  

Trade active:

Also, there will be major trend change around 8th Feb 2021

Trade active:

Finally we are seeing good movement, our target for this is above 70++
Here is another snapshot of what we are looking, strong support now:

Comment:

Looking at Snowman - target for 63 before it falls further. We still have some new trend change dates around 30th March 2021

Comment:

It looks like we are in Wave C (of ABC) correction of Elliott Wave Pattern after Wave 5 top was formed. If this is the case stock can touch 38 levels before showing reversal. People who are in this for long term need not worry as there will be a final reversal very soon (also Nifty50 is in last phase of Wave 5 to touch 16000 levels). Here is a new chart to show the Wave ABC patter which is a perfect case of why Elliott Waves should always be part of Harmonics Pattern study.

We reaffirm targets to cross 60++ in next 1-2 months after this correction is over and new wave starts.

Comment:

Triangle Pattern needs to break for higher levels.

Comment:

Crisil assigned an A long-term rating on Snowman Logistics' (SNOWMAN, BOM:538635) bank loan facilities worth 1.3 billion Indian rupees ($17.4 million). April 20, 2021

Comment:

Confirmed BreakOut from the triangle setup.

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Updated Target - Rs. 68++

Comment:

Short Term Target Revised to 60 Levels