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I am not responsible for your profits and losses.
1] KNR construction has completed one major Elliot Wave Cycle :
a] Impulse Wave took time of 8 years (1-2-3-4-5) and 5th wave extended.
b] Corrective wave has taken time of 54-55 Months. It has completed in the form of Expanded flat wave Pattern exactly at 1.61%.
c] When 5th Wave is extended, as per Elliot wave principle corrective wave (A-B-C) retrace till start of 5th wave but never breaches 5th wave.
d] As you can see in the chart, corrective almost reaches to start of 5th Wave.
e] So our stop-loss will be below starting of 5th wave.
f] Number 8 is Fibonacci number, so it's confirms impulse wave cycle completion in 8 years.
g] Number 55 is Fibonacci, so it's confirms correction over in 55 months and also one Major 54 months Hurst cycle completed
2] Also we can see Bullish Shark Harmonic Pattern completed Exactly at 88.6%
3] From here Stock can double (100% return) or 3rd Elliot wave can start (which is major bull run for stock)
4] Follow Stop-loss Very strictly and never invest more than 5% of capital in any single stock.
5] Investment horizon : 3 to 5 years
I am not responsible for your profits and losses.
1] KNR construction has completed one major Elliot Wave Cycle :
a] Impulse Wave took time of 8 years (1-2-3-4-5) and 5th wave extended.
b] Corrective wave has taken time of 54-55 Months. It has completed in the form of Expanded flat wave Pattern exactly at 1.61%.
c] When 5th Wave is extended, as per Elliot wave principle corrective wave (A-B-C) retrace till start of 5th wave but never breaches 5th wave.
d] As you can see in the chart, corrective almost reaches to start of 5th Wave.
e] So our stop-loss will be below starting of 5th wave.
f] Number 8 is Fibonacci number, so it's confirms impulse wave cycle completion in 8 years.
g] Number 55 is Fibonacci, so it's confirms correction over in 55 months and also one Major 54 months Hurst cycle completed
2] Also we can see Bullish Shark Harmonic Pattern completed Exactly at 88.6%
3] From here Stock can double (100% return) or 3rd Elliot wave can start (which is major bull run for stock)
4] Follow Stop-loss Very strictly and never invest more than 5% of capital in any single stock.
5] Investment horizon : 3 to 5 years
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.