Safe Investors can enter Yuken India For Safe Mentioned Targets around 750-950 considering the stop loss around 350-420 in mind.
A Bullish Bat Pattern is seen.
The Stock can reach said targets in between July-November 2019
This study is purely for investment Purpose.
Other backings of this bullishness : Strong Promoters, Bright Future For Hydraulics, Top...
We're in the correction waves of Elliot with a perfect head and shoulders at the end of impulse. Another head and shoulders is seen in making which also completes the corrective waves. (Fundamentally company is cool, this is just the mood of investors captured by the Great Elliot
We're in the correction stage of the long term elliot wave in Ashok leyland. Perfect head and shoulders seen at the end of Elliot's impulse wave.
Hence there can be two possibilities according to elliot wave (there can be more, is pointed two most probable) and this is Probability 1
A cypher pattern formation on nifty's daily chart can be seen. If the pattern goes well, NIFTY can reach 11,450-500 and then may show some weakness upto 10900-10950
Currently this indicates to for a long in Nifty with a strong support of 10,800.
Stock can go in both direction, the advanced charts patterns will capture the move and will give the retraced targets, entry can be done on completion of the cypher pattern's D point for normal targets of 50-61% retracement from D. Extended target of 127% from left shoulder (Of H&S) and Previous Structure High repectively
The only condition which fell short was the retracement of point B. It should be .38% but its near .37%.
Yet setup looks good and gave breakout too. Please confirm can this be considered as A Successful Cypher Breakout?
