9thAug
Well, We are almost there. Low yesterday was within the band.
Best risk reward ratio for a long trade because initiation of a fresh wave can be expected now.
Stop below 260.
30th Jul
Looking for bottom (end of Wave 4) near 261-267 band.
26th July
No confirmation that wave V initiated. The move stopped short of clearing 61.8% of previous sub wave 'c' which still does not give confidence. The only strong reason for it to be considered sub wave i of 5 is that the move from bottom of 'c' is a perfect 5 wave impulse, an indication that a larger and sharper wave 3 in the same direction can be expected after due correction. The delivery volume analysis also suggests its the initiation of wave 5.
Longs can be initiated with stop below 287 for price target of
Minimum 318
Extendable to 341 or more.
If stopped out the target on lower side is near 265-266.
Well, We are almost there. Low yesterday was within the band.
Best risk reward ratio for a long trade because initiation of a fresh wave can be expected now.
Stop below 260.
30th Jul
Looking for bottom (end of Wave 4) near 261-267 band.
26th July
No confirmation that wave V initiated. The move stopped short of clearing 61.8% of previous sub wave 'c' which still does not give confidence. The only strong reason for it to be considered sub wave i of 5 is that the move from bottom of 'c' is a perfect 5 wave impulse, an indication that a larger and sharper wave 3 in the same direction can be expected after due correction. The delivery volume analysis also suggests its the initiation of wave 5.
Longs can be initiated with stop below 287 for price target of
Minimum 318
Extendable to 341 or more.
If stopped out the target on lower side is near 265-266.
@askchirag #SSLT On quite Bullish count. W5 likely initiated for min 373, parabolic moves thereafter! pic.twitter.com/9xIABNhS21
— EWite (@Stocktechy) July 20, 2014
3 comments:
hey EWite,our analysis matches Boss.
As per my system all six levels for SSLT are ...
341.03 332.42 323.82
289.38 280.78 272.18
Great sir.
Can it be shorted at 277 and covered at 260 for short term?
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