Get started

GRSE

Is this the right time to buy Garden Reach Shipbuilders ?YouTube is filled with buying opinions due to our Government's push towards SHIPBUILDING. You will find the opinions of both experienced and newbies alike. Whatever... I see the opposite, the last up move doesn't look like an impulse. Most likely it looks like X-wave of double corrective structure WXY as Cycle Wave IV. If you are practicing Elliott Wave concepts, then you are going to find one very important guideline my wave count is following. I have already marked so that you can use it as a hint. I will be glad if you figure out and comment about it. I will be interested to invest for a huge upside if the price falls down towards 800-950 zone. Will be updating the target for Cycle Wave V once this Wave IV correction ends. This is not a buy or sell recommendation. Already shared similar view on Cochin Shipyard earlier. Do your own due diligence before taking any action. Peace!!
NSE:GRSEShort
by Swastik24