John Deere can move up 20% from current levels
The latest impulse in this American agricultural machinery and heavy equipment manufacturer was spotted beginning in May 2023 and got over in July 2023.This impulse is marked wave i on chart.
Between late July and late Oct. the stock made a very deep 78.6% retracement of the advance (wave i).
The corrective counts now seems to be have come to an end in this stock as also it is slowly emerging out of the falling wedge pattern.
Wave iii target is projected around $460-475 zone(around 20% from CMP) and previous wave i high was at 450. Both these levels would be crucial levels towards which the stock will start marching going forward.
On the downside the swing lows of 358.8 and 363.01 are crucial supports for the stock.
Note*- This chart is for educational purpose only.
Between late July and late Oct. the stock made a very deep 78.6% retracement of the advance (wave i).
The corrective counts now seems to be have come to an end in this stock as also it is slowly emerging out of the falling wedge pattern.
Wave iii target is projected around $460-475 zone(around 20% from CMP) and previous wave i high was at 450. Both these levels would be crucial levels towards which the stock will start marching going forward.
On the downside the swing lows of 358.8 and 363.01 are crucial supports for the stock.
Note*- This chart is for educational purpose only.
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