20th Dec
Is it funny expanding triangle or it is w1 & w2 of C heading for 3540/3690?
Difficult to predict but a simple count guide is the top resistance line of expanding triangle. Break above means it is w1 &w2 or wave'a' & 'b' of wave 'C'
3rd Sep
Stock overshot the target requiring a relook at the micro count for next move and it looks like this.
Long this dip near 2890
Stop below 2874
Target 3005/3008
30th Aug
The stock is moving as expected but I had a chance to look at the internal wave counts and I feel the stock can find some resistance anywhere between 2890-2900 in this move.
The strategy should be to take longs for above target zone with stop below 2755.
If stopped out it would mean we should see the stock moving slightly below 2700. (Unlikely).
On larger degree the stock seems headed for anywhere between 3100-3250.
24th Aug
MARUTI has been moving on a very Bullish count and a look at the weekly wave count suggests it is heading for 2990-3000 in short term.
Dips till then would be a buy call.
Will post internal wave counts in smaller time frames soon.
Is it funny expanding triangle or it is w1 & w2 of C heading for 3540/3690?
Difficult to predict but a simple count guide is the top resistance line of expanding triangle. Break above means it is w1 &w2 or wave'a' & 'b' of wave 'C'
Daily Chart
3rd Sep
Stock overshot the target requiring a relook at the micro count for next move and it looks like this.
Long this dip near 2890
Stop below 2874
Target 3005/3008
30th Aug
The stock is moving as expected but I had a chance to look at the internal wave counts and I feel the stock can find some resistance anywhere between 2890-2900 in this move.
The strategy should be to take longs for above target zone with stop below 2755.
If stopped out it would mean we should see the stock moving slightly below 2700. (Unlikely).
On larger degree the stock seems headed for anywhere between 3100-3250.
24th Aug
MARUTI has been moving on a very Bullish count and a look at the weekly wave count suggests it is heading for 2990-3000 in short term.
Dips till then would be a buy call.
Will post internal wave counts in smaller time frames soon.
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Hi This is Amit Jain. Need to speak to you. Can you please call me at 09892881821 or drop your contact details at j.amitjain@gmail.com
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