From chart one can easily spot W=Y=Z.
Stock has taken support at lowet channel formed hammer candle on weekly and daily charts.
X wave coming down has broken channel on downside which is shown by excess tail of hammer. So on account of this good chance of breaking uppar channel as well so targets 1470-1500
Strict small stop loss 1051
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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Stock has taken support at lowet channel formed hammer candle on weekly and daily charts.
X wave coming down has broken channel on downside which is shown by excess tail of hammer. So on account of this good chance of breaking uppar channel as well so targets 1470-1500
Strict small stop loss 1051
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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