It seems Wave 4 correction might be over here and the index might be heading for Wave 5
Structure is looking weak and we might be heading for wave V on the downside.
It looks Wave 4 correction is over and we may see momentum above 687.
Tata Chemical seems to have completed its Wave 4 correction and now it might be going for Wave 5. Wave retracement is between 0.236 and 0.382. If we analyze the Wave 4 correction in details it looks like a Zigzag where Wave b has retraced around 0.618 and Wave c has extended exactly around 100% of Wave a. And now the price is above the DMA lines which gives a...
75 mins structure is looking bullish and it seems Wave 5 has just started. Expecting it to kiss 2800-2900 levels in a short term.
Index is looking very strong. It has already started its Wave 5 journey and soon it may hit 15K levels. Going forward if we get extension it may even touch 19000-20000 levels.
The stock has hit 52 week high during last session and now gaining momentum. In a near term expecting it to touch 1100+ levels as Wave 5 TGT
Stock is showing strong momentum. Wave 3 might extend or it may not but still one can accumulate with SL of 290
It seems one cycle is complete and we are now in Second bull cycle. Alternatively we may be in Wave 5 and now we are entering into sub-wave 3 of Wave 5