21st Dec
Monthly updated wave count.
Looks like Wave IV may have completed and Wave V initiated. But more confirmations are required and the first confirmation would be break of red falling trend line. Break of that would mean stock should move to minimum 521 or at best near 600.
12th Oct
No major activity visible yet. Also the stock does not seem to disclose the clear intentions yet. More clarity either on break of 473 on the down or 515 on the up. My preferred count is a move to 475 followed by a move above 515.
Gives an impression that the stock is awaiting some big-bang news!! Failure would mean the news may have been delayed.
Daily chart.
.PNG)
28th Sep
Stock building up momentum to scale higher levels. Don't miss this while the markets while away some time.
27th July
The stock saw a sudden 7% fall on results day ie Friday.
This should be sub wave ii if it can hold above 470.50. That would mean wave 3 of 3 is forth coming. First confirmation of this will come if stock moves above 506 and certainty on crossing 521.
However if the correction of the wave 2 is still not over it should see minimum 467 before starting wave 3.
So the band between 467-472 holds key for confirmation of the Wave 3 counts.
19th July
The stock has moved EXACTLY ! as was expected in the initial 12th April post below.
Currently it is retracing the Major Wave 1 and is in Wave 2. It has done basic 23.2% move.
Now its a million dollar question whether it will start Wave 3 here or go for 38.2% retracement near subwave 4 which is 414. Or even go for extensions of W5. In the case of Seimens in similar situation I had suggested to wait for full correction but it went ahead with the next move in similar situation. Seimens post can be seen in the blog here.
The extreme short term count is given below with more detailed view. But suffice to say that the stock is on a very bullish count and may not be missed for portfolio.
xxxxxxxxxxxxxx
Should head for much higher levels once it has a monthly close above 473. Targets can be 735/835 in medium term and greater than 1800 in LONG term.
Wave Count
Wave 3 - Cycle degree
Wave 3 - Primary Degree
Wave 1 - Major degree
Wave 4 - Intermediate degree
It should end near 388 and Wave 5 initiates or W5 is already in progress (confirmation will be a move above 449 now).
The Wave 5 should end around 550.
From this level there should be some weakness.
But then the SUPER moves should start leading to MUCH higher levels.
This stock can not be ignored for a long term portfolio. You ain't seen nothing, yet.
The count invalidates below 360 for now.
Monthly updated wave count.
Looks like Wave IV may have completed and Wave V initiated. But more confirmations are required and the first confirmation would be break of red falling trend line. Break of that would mean stock should move to minimum 521 or at best near 600.
Weekly Chart
12th Oct
No major activity visible yet. Also the stock does not seem to disclose the clear intentions yet. More clarity either on break of 473 on the down or 515 on the up. My preferred count is a move to 475 followed by a move above 515.
Gives an impression that the stock is awaiting some big-bang news!! Failure would mean the news may have been delayed.
Daily chart.
28th Sep
Stock building up momentum to scale higher levels. Don't miss this while the markets while away some time.
27th July
The stock saw a sudden 7% fall on results day ie Friday.
This should be sub wave ii if it can hold above 470.50. That would mean wave 3 of 3 is forth coming. First confirmation of this will come if stock moves above 506 and certainty on crossing 521.
However if the correction of the wave 2 is still not over it should see minimum 467 before starting wave 3.
So the band between 467-472 holds key for confirmation of the Wave 3 counts.
19th July
The stock has moved EXACTLY ! as was expected in the initial 12th April post below.
Currently it is retracing the Major Wave 1 and is in Wave 2. It has done basic 23.2% move.
Now its a million dollar question whether it will start Wave 3 here or go for 38.2% retracement near subwave 4 which is 414. Or even go for extensions of W5. In the case of Seimens in similar situation I had suggested to wait for full correction but it went ahead with the next move in similar situation. Seimens post can be seen in the blog here.
The extreme short term count is given below with more detailed view. But suffice to say that the stock is on a very bullish count and may not be missed for portfolio.
xxxxxxxxxxxxxx
Should head for much higher levels once it has a monthly close above 473. Targets can be 735/835 in medium term and greater than 1800 in LONG term.
Wave Count
Wave 3 - Cycle degree
Wave 3 - Primary Degree
Wave 1 - Major degree
Wave 4 - Intermediate degree
It should end near 388 and Wave 5 initiates or W5 is already in progress (confirmation will be a move above 449 now).
The Wave 5 should end around 550.
From this level there should be some weakness.
But then the SUPER moves should start leading to MUCH higher levels.
This stock can not be ignored for a long term portfolio. You ain't seen nothing, yet.
The count invalidates below 360 for now.
Monthly
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