IDEA @ 15.80 WAVE UPDATE
Entire up move from low of 12.05 till recent high of 19.18 is a clean impulsive up move. From high of 19.18 stock is doing complex correction and as of now looking at the wave formation stock either completed wave E of Y of 2 or about to complete.
Now downside 15.42 & 15.05 are two crucial support to watch whereas on upside 16.35 a recent swing high and 16.45 which is upside band of Bolinger. Once stock moves above 16.35-16.45 on daily closing basis it will trigger next bullish cycle in the stock.
Whereas if stock fail to move above 16.35 to 16.45 and breaks 15.42 to 15.05 spot levels then it may remain in sideways consolidation for few more days.
So understand the importance of 15.42 & 15.05 spot support & act accordingly
Once stock moves above 16.35 to 16.45 on closing basis we can expect next upside projection 19.20 to 25.
Entire up move from low of 12.05 till recent high of 19.18 is a clean impulsive up move. From high of 19.18 stock is doing complex correction and as of now looking at the wave formation stock either completed wave E of Y of 2 or about to complete.
Now downside 15.42 & 15.05 are two crucial support to watch whereas on upside 16.35 a recent swing high and 16.45 which is upside band of Bolinger. Once stock moves above 16.35-16.45 on daily closing basis it will trigger next bullish cycle in the stock.
Whereas if stock fail to move above 16.35 to 16.45 and breaks 15.42 to 15.05 spot levels then it may remain in sideways consolidation for few more days.
So understand the importance of 15.42 & 15.05 spot support & act accordingly
Once stock moves above 16.35 to 16.45 on closing basis we can expect next upside projection 19.20 to 25.
