Been tracking First Source for some time now. Had a tentative wave count (shown in the chart). The stock seems to have completed multi-year corrective structure (marked as A-B-C)
The first hint that the correction is over came around mid-April as it went through the Rs. 40 level. This week it went through the crucial Rs. 55.35 level, further raising the odds that we are in a wave 3 formation. The rapid advance is also an indication of a possible wave 3 in it's early stages.
If this wave count is correct we may be in early stages of a multi-year advance. While this may not be the ideal place to go long (if you aren't already) I anticipate that people looking for low risk entry points should get multiple such opportunities in the coming weeks
Disc: Invested
The first hint that the correction is over came around mid-April as it went through the Rs. 40 level. This week it went through the crucial Rs. 55.35 level, further raising the odds that we are in a wave 3 formation. The rapid advance is also an indication of a possible wave 3 in it's early stages.
If this wave count is correct we may be in early stages of a multi-year advance. While this may not be the ideal place to go long (if you aren't already) I anticipate that people looking for low risk entry points should get multiple such opportunities in the coming weeks
Disc: Invested
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.