Pokarna has completed its impulsive wave c of the corrective wave ((4)). Wave C has traveled 100% Fibonacci extension of wave A at 548.
Currently, the price has broken down the A wave at 585. If it sustains below 585, traders can expect the following targets: 558 – 536 – 505.
505 is strong support because corrective wave 4 accomplish near the corrective wave 4 of a lower degree. If the bull fails to keep the price above this level, we can see a big downfall.
Otherwise, the price will touch the control line and then the upper band of the descending channel.
I will upload further information soon.
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Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.
I had traded the previous call of pokarna and made 20k+ profit. Now, expectations are big.
I will make 50k from this setup.
Pokarna is India’s No. 1 granite company. Long-term investment can be possible with good returns.
Excellent post. keep enlightening us
within 3 days I lost almost 300000 rs. Please help me.
We have a similar vision here! Thanks for the update
Excellent and comprehensive analysis.