Do you remember Elliott wave analysis of NSE GRASIM?
Click here: NSE GRASIM: Elliott Wave Projection
BEFORE
I have written clearly,”Price has broken down the corrective base channel. If the price sustains below the parallel channel, traders can trade for the following targets: 1680 – 1660 – 1625.”
AFTER
[26 September 2022]
- 09:15 AM Price reached first target of 1680.
- 10:15 AM: Price hit the second target of 1660.
[03 October 2022]
- 14:15 PM: Price made a low of 1628, which was close to our final target 1625.
If you had traded this stock, you could have made 84+ points.
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I am a witness to this setup. I am happy to book the profit. Looking forward for more charts.
Good job. There was a sharp fall after the breakdown. Shall we buy now?