MAITHANALL - Multi Time Frame and Elliot Wave Analysis
As on the month of June 2021
Wave 0 = 25
Wave 1 = 1026
Wave 2 = 289
Wave 3 Target = 1900 *****
Wave 4 Retracement = 1118.5
Wave 5 Target 2120
As on the 3rd Week of June ie 22nd June 2021
The Major Wave count was done on the monthly chart . There is a possibility that the sub wave count of wave 3 ( Done on the weekly Chart ) Coincide with that of the major wave count
To Elaborate
Sub Wave iii = Major Wave 3
If that is the case we can see a stronger overall movement for the stock . A possibility of Major Wave 3 finishing 2.618 times of that of Major Wave 1 , finishing around 2500 - 2600 range
For Entry Levels
980 - 990 levels is a strong support as shown :
0.236 & 0.382 on Weekly Levels ( Based on Last 2 swings )
0.382 on a Daily Time frame
Wave 0 = 25
Wave 1 = 1026
Wave 2 = 289
Wave 3 Target = 1900 *****
Wave 4 Retracement = 1118.5
Wave 5 Target 2120
As on the 3rd Week of June ie 22nd June 2021
The Major Wave count was done on the monthly chart . There is a possibility that the sub wave count of wave 3 ( Done on the weekly Chart ) Coincide with that of the major wave count
To Elaborate
Sub Wave iii = Major Wave 3
If that is the case we can see a stronger overall movement for the stock . A possibility of Major Wave 3 finishing 2.618 times of that of Major Wave 1 , finishing around 2500 - 2600 range
For Entry Levels
980 - 990 levels is a strong support as shown :
0.236 & 0.382 on Weekly Levels ( Based on Last 2 swings )
0.382 on a Daily Time frame