Primary degree:yellow
Intermediate degree:White
Minor degree:Red
We are currently in Primary wave 3,Intermediate wave 5.Primary wave 3 has seen extention and has crossed 261.8% extention level and going ahead we can expect this extention to 361.8% which is coming at 818 level.
Stock has given a fresh breakout last week and this week we are seeing retracement in the form minor degree wave 2.In coming days once we get minor wave 2 completion confirmation we can see up move resuming which can take price to 800 odd levels.Exit for this long trade would be the swing low of minor degree wave 2 of intermediate wave 5 of primary wave 3.
Disclaimer:Analysis posted here is for my future reference no position shud be taken solely on its basis.
Intermediate degree:White
Minor degree:Red
We are currently in Primary wave 3,Intermediate wave 5.Primary wave 3 has seen extention and has crossed 261.8% extention level and going ahead we can expect this extention to 361.8% which is coming at 818 level.
Stock has given a fresh breakout last week and this week we are seeing retracement in the form minor degree wave 2.In coming days once we get minor wave 2 completion confirmation we can see up move resuming which can take price to 800 odd levels.Exit for this long trade would be the swing low of minor degree wave 2 of intermediate wave 5 of primary wave 3.
Disclaimer:Analysis posted here is for my future reference no position shud be taken solely on its basis.