lot size: 1500.
CMP = 379.85
Hour chart:
1) diagonal. With E around 382~385. (Diagonal width=24 points.)
Day Chart:
1) B of ABC is expected to complete at 382~385.
2) 387.7 is the golden ratio of previous fall from 452.
3) For the past 6 years, this is caught in a diagonal/channel with parallel & horizontal boundaries.
4)
OI table:
Res = 380; sup = 360.
Elliot in 5min Chart:
- 3.3 is about to get over. 3.4 and 3.5 (=3) are pending. As we are in a diagonal, reversal is expected from 3.
- Blue channel suggests, 3.3=382.xx, and 3.4 = 377.xx to 380 (approx).
- Ret table suggests, 3 may get completed around 386.
- Wave structure of E looks similar to D. So, I would expect 3 will be reached by Tuesday after noon.
Tgt:
1) in hour chart, wolf fork line suggest tgt.
2) Based on Diagonal rules: tgt1 = 360 (channel bottom), tgt2=335 (=360-25 - diagonal tgt), tgt3= 326.x ( 4th wave of pervious up move ended here).
Strategy:
1) Keep one short ready always at: 385 or 386.
2) Probably, short two lots.
Observation:
1) Day chart suggests that Channel top will be tested once or twice (monday & wednesday).
2) it has taken only 3 days to from top to bottom or bottom to top of channel.
Note on how I got noticed:
It is listed under "Raising slow and steady" with rank 6 in BazaarTrend.
Actual result:
1) tgt1 done in 2 days. (1hr chart attached) -- But not utilised as E ended early.
Actual results:
