Sunday, March 05, 2017

>Hexaware elliottwave structure

Hello friends,
                       Today discussing HEXAWARE structure.Lets count waves on daily chart.

2015 april onward the stock started to correct from a high of 330+,Had a nice abc fall making w followed by a time consuming sideways correction,Making x wave followed by a fall making another abc .Overall wxy correction finished .
A upmove is underway which doesn't look impulsive in nature ,From the chart i can say if 240 is not taken out another x wave is underway,Which implies another fall towards 180 levels after completion of x wave.This wave structure holds true as long as 240 is not broken.


Sunil Dhawan said...

Hope u judged the upmove not being impulsive? volume

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