ved:vedanta

deadcatb0unce wrote: Look like this could retest trendline at 1045 is it??

great call deadcatbounce

I should have said, if this proves to be a wave 3 then the minimum target would be 1780. A wonderful investment for those in from 986. Fingers crossed for the lucky few:)

The labeling depicts just one option for this share. Whether or not this is a wave 3 will need confirmation at a later date - breaking thru 1312 being the test. Whatever, at the very least this will produce a retrace to around the 1200 mark.

good spot

1hr


daily

I took the trade on @ 1034 with a 10 point stop and a 19 pip target.

Quick note - the 1H chart is showing early bullish signs with some RSI divergence.

That considering, if I had to guess, I would say retrace down to the 108-112 area, before a leg up to break the 1H 49sma hurdle & the 4H 20 sma

imo.