MUFTI LONG
Zaktualizowano
Elliott Wave analysis shows that the stock has completed waves (i), (ii), (iii), (iv) and (v) downside since its initial public offering. Currently, the stock is undergoing correction wave (a), (b), and (c) in a daily time frame.
Wave (a) and (b) in blue colour are finished and the stock is currently in wave (c).
Wave (c) will unfold in five sub-waves shown in red colour on the chart.
Wave levels are shown on the chart.
An inverted Head and Shoulder Pattern is formed on the chart. (The Inverted Head and Shoulder Pattern is a bullish reversal pattern).
Level of Invalidation
The starting point of Wave (a) has been identified as the invalidation level at 145.20. Because as per wave rules Wave (b) cannot retrace more than 100% of Wave (a). If the price falls below this level, it can indicate that the expected Elliott Wave pattern is not as it seems.
I am not a registered Sebi analyst. My research is being done only for academic interests.
Please speak with your financial advisor before trading or making any investments. I take no responsibility whatsoever for your gains or losses.
Regards
VJ
Wave (a) and (b) in blue colour are finished and the stock is currently in wave (c).
Wave (c) will unfold in five sub-waves shown in red colour on the chart.
Wave levels are shown on the chart.
An inverted Head and Shoulder Pattern is formed on the chart. (The Inverted Head and Shoulder Pattern is a bullish reversal pattern).
Level of Invalidation
The starting point of Wave (a) has been identified as the invalidation level at 145.20. Because as per wave rules Wave (b) cannot retrace more than 100% of Wave (a). If the price falls below this level, it can indicate that the expected Elliott Wave pattern is not as it seems.
I am not a registered Sebi analyst. My research is being done only for academic interests.
Please speak with your financial advisor before trading or making any investments. I take no responsibility whatsoever for your gains or losses.
Regards
VJ
Zlecenie aktywne
Waves updated.Zlecenie aktywne
Levels 1, 2 and 3 achieved.Transakcja zamknięta: osiągnięto wyznaczony cel
All Levels achieved.
Trade closed.
Wyłączenie odpowiedzialności
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