ESCORTS - Possibly Wolfe Wave Pattern formation
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CMP: 3400
TF: 75 Minutes
Script is making an ending pattern to complete the 4th wave. I hope it will bottom out around 3250-300 levels. Possible pathway is explained here in this chart.
Trendline support is also around the levels mentioned above
Larger TF wave counts is attached below..
Approach: Better to wait for the price to go below the lower trendline and come back in to the structure again to take the trade.
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
TF: 75 Minutes
Script is making an ending pattern to complete the 4th wave. I hope it will bottom out around 3250-300 levels. Possible pathway is explained here in this chart.
Trendline support is also around the levels mentioned above
Larger TF wave counts is attached below..
Approach: Better to wait for the price to go below the lower trendline and come back in to the structure again to take the trade.
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
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And the pattern is playing out perfectly now.. Lets see how far this goes
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
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