27th Sep
Updating after a big gap of time. But the stock had done the target and thereafter corrective wave ensued.
Currently the stock seems to be offering two alternate wave counts and more time is required for clarity to confirm the correct count.
Here is weekly chart with possible wave counts and its explanation.
5th June
Heading for minimum target of 134.
Buy any dip.
Week of 5th May
Going back to 100.
22nd Apr
The count as it stands as revealed by the past moves.
Heading for
99.50 minimum.
103 possible
105 possible
2nd Apr
Major wave 3 did started as indicated in the earlier post but apparently halted at exactly 100% of Wave 1 !
Two possibilities
It can also be sub Wave 1 of Wave 3. Now running Wave 4 and should see 90 at least.
But higher degree is Wave 3 and should show much higher levels. That should happen in the Wave 5 with extensions running almost endlessly.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxx
In a layman's language, go aggressively LONG above 95.50 and if it does not move above this level now, wait for some correction and then enter LONG for some supersonic moves ahead.
Technical Explanation
FEDBANK Wave Count suggests it is in
Super Cycle Wave - 3
Cycle -Wave 3
Primary - Wave 3
Major - Wave under consideration now.
There are two possible counts under consideration.
1. Major Wave 1 still running and it is in the last Intermediate Wave 5. This would mean the Major Wave 1 should end either at 93.15 or 95.10
2. Major Wave 1 & 2 completed and now it is running Wave 3.
We should soon have the confirmation.
If this move continues beyond 95.50 we are in Major Wave 3 and some supersonic moves ahead.
If it stops around 93.15 or 95.10 then it is completion of Major Wave 1 and Wave 2 move ahead.
I would put TSL around these targets and go fully aggressive either above 95.50 or on completion of Major Wave 2.
Updating after a big gap of time. But the stock had done the target and thereafter corrective wave ensued.
Currently the stock seems to be offering two alternate wave counts and more time is required for clarity to confirm the correct count.
Here is weekly chart with possible wave counts and its explanation.
5th June
Heading for minimum target of 134.
Buy any dip.
Dialy chart
Week of 5th May
Going back to 100.
22nd Apr
The count as it stands as revealed by the past moves.
Heading for
99.50 minimum.
103 possible
105 possible
2nd Apr
Major wave 3 did started as indicated in the earlier post but apparently halted at exactly 100% of Wave 1 !
Two possibilities
- It has completed wave 3 and now running wave 4. But higher degree is wave 3 with much higher targets. Well that can then come in almost endless wave 5 extensions.
- The wave just completed was sub wave 1 of Wave 3 and now sub wave 2 in progress.
It can also be sub Wave 1 of Wave 3. Now running Wave 4 and should see 90 at least.
But higher degree is Wave 3 and should show much higher levels. That should happen in the Wave 5 with extensions running almost endlessly.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxx
In a layman's language, go aggressively LONG above 95.50 and if it does not move above this level now, wait for some correction and then enter LONG for some supersonic moves ahead.
Technical Explanation
FEDBANK Wave Count suggests it is in
Super Cycle Wave - 3
Cycle -Wave 3
Primary - Wave 3
Major - Wave under consideration now.
There are two possible counts under consideration.
1. Major Wave 1 still running and it is in the last Intermediate Wave 5. This would mean the Major Wave 1 should end either at 93.15 or 95.10
2. Major Wave 1 & 2 completed and now it is running Wave 3.
We should soon have the confirmation.
If this move continues beyond 95.50 we are in Major Wave 3 and some supersonic moves ahead.
If it stops around 93.15 or 95.10 then it is completion of Major Wave 1 and Wave 2 move ahead.
I would put TSL around these targets and go fully aggressive either above 95.50 or on completion of Major Wave 2.
No comments:
Post a Comment