Wave 1 is a 5 Wave Impulse Sequence Structure in 6 Month chart, and Wave 2 is a 3 Wave Correction structure.
Wave 2 has retraced Wave 1 by 61.80% which suffices by the Elliot Wave Theory Correction rules.
Now Wave 3 is on and as per the Elliott Wave Theory and Fibo Extension Levels 161.80% is the minimum Wave 3 achieves, hence projection is Rs. 7793.20.
PICK OF THE JUNE MONTH SERIES POSITIONAL LONG VIEW IN #HEROMOTOCO CMP SPOT - 3052
BO RE - TEST LEVELS 3033
BUY HEROMOTOCO @ 3025 - 3035
STOP LOSS 2940 ON CLBS
TARGET - 3160 3260 3331 3401 3488 3629 +++
