As per the Elliot Wave, 5 waves correction has been completed and now I expect three upward corrective waves before the its bearish downtrend resumes in its direction.
Risk/Reward: 1:5
Target: 609-616
Stoploss: 571-580
As per Elliot Wave, 5 wave correction has been completed at 580 levels and now I expect to see 3 corrective waves before it continues on to its downtrend. Markets in all indices show similar charts, and I believe the markets are ready for a short term corrective upward move.
Risk Reward: 1:5
Target 1: 609-620
Stop Loss:570
Bullish Butterfly in making, we have completed LEG C here with 61.80 retracement, now once we break 600, we will be heading to 520, where it will be good buy! watch out
We will short cipla on a retracement and a nice doji formed here Confirming the buyers want the price to go down before going up. Will price of 721 Sl of 730 Tp (1) 710 TP(2) 701.
