Gail India has completed its 4th corrective wave, where wave C is the last leg of correction.
Price took 27 weeks to complete the corrective wave ((4)).
After completing the wave ((4)), the price has broken the sub-wave iv and signaled a rally. It also has entered into the corrective channel, and this rally can make a new higher high.
The traders can expect the following targets 149-156-170+ for impulsive wave ((5)).
Only premium subscribers can have an invalidation point of this trade.
Wave Formations:
Wave ((1)) started to form an extreme low at 65.
– Leading diagonal
Wave ((2)) has retraced 0.618% of wave ((1)).
– Zigzag correction
Wave ((3)) has extended 2.618% of wave ((1)).
– Five wave impulse
Wave ((4)) has retraced 0.5% of wave ((3))
– Extended wave 5
Please log in to read the entire text. If you don’t have a login yet, please subscribe now to get access.
Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips
Are you looking for NSE paid calls? Want to get premium trading alerts and unlimited access to Moneymunch? Join today and start potentially multiplying your net worth: Premium Stock & Nifty Tips
Premium features: daily updates, full access to the Moneymunch #1 Rank List, Equity Research Reports, Focus List portfolio of 50 longer-term stocks, Premium screens, and much more. You will quickly identify which stocks to buy, which to sell and target today΄s hottest industries.
Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.
Thank you, dev sir.
I am really obliged, I made decent money from your signal service.
I personally recommend his service. It’s helpful to pay EMI bills and rents.
Thank you dev bhai ye chart bahut hi mast he. muje apka ideas ka hi wait rehta he.
please keep sharing it
Good one!