Today's Support and Resistance Levels:
R3: 142.24
R2: 141.99
R1: 141.74
Current Spot: 141.52
S1: 141.29
S2: 141.06
S3: 140.73
Technical Summary:
The consolidation in red wave iv has become more complex and a small triangle could be building, but once this consolidation is over a new decline into the target area between 139.79 - 140.20 is still expected. Once this target area is tested look for a correction towards 142.00 and maybe slightly higher towards 142.40 before the next impulsive decline lower should be expected. Longer term the correction from 145.69 should make it down to at least the 38.2% correction of the rally from 94.10 to 145.69 at 126.00.
hi ews...please look at unitech chart.it is traded in india.cmp 11.90.do you think it has done extended 5th wave down?thanks regards...rajesh
ReplyDeleteHi,
DeleteI'm not able to make any charts of specific Indian stocks. I can only see the indices.
Kind regards
EWS
Hi T
ReplyDeleteThanks for the latest update and I would like to know that pound invalidation point 1.5487 has been breached and now could we see the scenario that complex wave d ended with the test of 1 6876 area and we have enter wave e because this rally seadms to me corrective and we might see wave e end anytime.
kindest regards