Thursday, January 26, 2017

>Astra microwave elliott wave counts

Hi Friends,
                    Astra microwave has been sideways for last 2 years now,Consolidating in a triangle.
In wave terms we can say its consolidating in a 4th wave triangle.

The triangle looks prominent as even volumes have dropped considerable giving hint of a triangle pattern.
The breakout from triangle is at 140 above that this can easily do 180 levels. For an investor its a buy for a trader buy after breakout.
This is a defense sector stock ,With make in india being the current flavour this can be a dark horse keep this on radar.


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