JAGRAN LONG
Atualizado
According to the Elliott Wave Theory, the Elliott Wave Structure describes the pattern and arrangement of price movements in financial markets.
Based on extensive analysis, it appears that the stock has completed wave 5 on the daily chart. A corrective wave (a-b-c) has begun in black circle. Currently, it appears that the first wave (a) of correction in black circle is over in five sub waves (1-2-3-4-5) shown in blue colour and the second wave (b) in black circle is expected to begin in three sub waves (a-b-c) shown in blue colour. There is a chance that the wave (b) could retraced up to .50% (Rs 109.35) to 0.618 % (Rs 114.10) from the lowest point of the wave (a).
Wave (b) is anticipated to be comprised of approximately three subdivisions.
Following that, wave (c) may unfold in five sub waves.
I am not a registered Sebi analyst. My studies are purely for educational purposes.
Before trading or investing, please consult with your financial advisor. I am not accountable for your profits or losses in any way.
Thanks
VJ
Based on extensive analysis, it appears that the stock has completed wave 5 on the daily chart. A corrective wave (a-b-c) has begun in black circle. Currently, it appears that the first wave (a) of correction in black circle is over in five sub waves (1-2-3-4-5) shown in blue colour and the second wave (b) in black circle is expected to begin in three sub waves (a-b-c) shown in blue colour. There is a chance that the wave (b) could retraced up to .50% (Rs 109.35) to 0.618 % (Rs 114.10) from the lowest point of the wave (a).
Wave (b) is anticipated to be comprised of approximately three subdivisions.
Following that, wave (c) may unfold in five sub waves.
I am not a registered Sebi analyst. My studies are purely for educational purposes.
Before trading or investing, please consult with your financial advisor. I am not accountable for your profits or losses in any way.
Thanks
VJ
Trade ativo
Moving as per wave.Nota
Moving as per wave.
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