Lokesh Machines has made a strong advance within a rising price channel, with the recent peak potentially marking the completion of green Wave 3.
The stock is now correcting in Wave 4 and has retraced toward the upper boundary of the rising channel and also on 38% retracement. This area is important to watch for signs of support and a possible resumption of the uptrend.
If the channel holds and Wave 4 completes, Wave 5 could develop toward the ₹480–₹590 region. A sustained break below channel support would weaken this bullish interpretation.
The stock is now correcting in Wave 4 and has retraced toward the upper boundary of the rising channel and also on 38% retracement. This area is important to watch for signs of support and a possible resumption of the uptrend.
If the channel holds and Wave 4 completes, Wave 5 could develop toward the ₹480–₹590 region. A sustained break below channel support would weaken this bullish interpretation.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.