j.amitjain

j.amitjain

- All three falls (marked as 1,3 and 5) are almost equal size. - long term trend line support - highly oversold - 13 days of continuous red I had also posted crude charts which are topping out and jet is at very important support. Hence could give a decent rally from here. Risk reward is comfortable

j.amitjain

stock is at monthly support zone .

j.amitjain

ABC Pattern with C exactly at 100% of A now. Also 5 of C is near 61.8% (since 3 is extended, 5 cannot be extended hence closer to top).

j.amitjain

At 80.5, 5th wave is almost complete. it is extended to 70%. Should top out soon and retrace fast towards 4 which is around 65. Watch out of re-entrance into the channel.