Hi friends,
Looking at Gail chart ,The stock looks to be in e leg
Lets look at the daily chart to see bigger picture.
From the chart we can
see that how the waves
are unfolding.
We had a fast dump in d
leg made a low at 347.
And from there we have new
leg rise ie e leg rise.
This stock has potential
to do 400+.
Lets see the hourly chart to see the e leg structure closely.
We have a abc correction
near trendline resistance
those green dotted lines
show support of abc correction
once abc correction over the stock
should target 400+.
Buy in dips as long as 360 holds
400+ is coming.
Lets see how stock does in coming days
Regards
Rish
Looking at Gail chart ,The stock looks to be in e leg
Lets look at the daily chart to see bigger picture.
see that how the waves
are unfolding.
We had a fast dump in d
leg made a low at 347.
And from there we have new
leg rise ie e leg rise.
This stock has potential
to do 400+.
Lets see the hourly chart to see the e leg structure closely.
near trendline resistance
those green dotted lines
show support of abc correction
once abc correction over the stock
should target 400+.
Buy in dips as long as 360 holds
400+ is coming.
Lets see how stock does in coming days
Regards
Rish
Cotton futures (May) see a consolidation in the range of 20700-21150 levels Mcx tips
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