Stock Showing Movement in Elliot Wave Pattern.
After one round of Eight Wave cycle started from 211 till 412.
Now Stock seems Making 2nd 8 wave Elliot wave pattern. After Wave-1 stock moving in consolidation and forming 2nd wave with Triangle formation. Once breakout from present consolidation zone above 530.5 we can expect a wave-3 move upto 645.5. if stock take retracement forming wave-4 after this and takes support @ 559 which will be 50% Fibo retracement of current degree wave-3 and then we can expect further move upto 671.
After one round of Eight Wave cycle started from 211 till 412.
Now Stock seems Making 2nd 8 wave Elliot wave pattern. After Wave-1 stock moving in consolidation and forming 2nd wave with Triangle formation. Once breakout from present consolidation zone above 530.5 we can expect a wave-3 move upto 645.5. if stock take retracement forming wave-4 after this and takes support @ 559 which will be 50% Fibo retracement of current degree wave-3 and then we can expect further move upto 671.
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Yorum:
Stock can give one more entry opportunity now in vicinity of 517-535 to enter
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Capital doubled in Eight Months