26th July
Difficult one to work on the counts.
I was expecting the stock to do a 5 wave move to levels mentioned in the earlier post but lack luster results prompted it to a 4% move down. But no perceptible big figures in delivery volumes. Also it stopped short of moving below 61.8% level of the 1st move from 130-162 and note that it did not break second low after 130.
My bearish count would be a move to 131.50 or lower near 113 (unlikely) but only if Low of today is broken. Bullish count target remains as in the earlier post.
22nd Jul
Looks good for
170
174
Difficult one to work on the counts.
I was expecting the stock to do a 5 wave move to levels mentioned in the earlier post but lack luster results prompted it to a 4% move down. But no perceptible big figures in delivery volumes. Also it stopped short of moving below 61.8% level of the 1st move from 130-162 and note that it did not break second low after 130.
My bearish count would be a move to 131.50 or lower near 113 (unlikely) but only if Low of today is broken. Bullish count target remains as in the earlier post.
22nd Jul
Looks good for
170
174
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