Wolfe Wave
LEAD - retracement done - can touch new heights LEAD futures showing an interesting pattern
Wolfe Waves - For a true Wolfe Wave, the fifth wave instance in the pattern will be followed by a breakout in price and presently the lead futures are in end of 5th wave
so any breakout if it happens would become trigger point and the target would be the trend line
positional trade - SL and targets provided on chart
Amara Raja BatteriesHuge volume and a huge fall. please give some time to cool it down. I Will update while consolidation signs are seen or a breakout reversal is spotted. Right now I don't see a bullish candlestick pattern even.
A
BATA INDIA LIMITEDBATA INDIA on charts looks really good. Let me summarize the reasons in few points just to let you know why it deserves attention.
1. It is currently in its 4th Wave
2. A wolfe Wave has been formed with in its 4th Wave.
3. It has rested at few resistance points of its 3rd Wave. It could be seen as Resistance acting as support.
4. Surprisingly the Resistance acting as support zone and the 0.618 Retracement level of Wave 3rd is the same. Proving it as a strong support zone.
However reversal signs have not been seen yet. A closing above 1435 would confirm its reversal and activation of the wolfe wave as well. Once activated the first target would be 1546. Please avoid the stock till then.






















