Wave -5 Breakout in Welspun Living..

2월 23일

1. Wave 4 as per EW Theory seems to be in progress. The price actions seems ready to breakout for Wave 5 and a potential 35% upmove. Wave 4 has retraced almost 38% and rise in Volume in last few week shows that wave 5 is just about to begin.
2. Breakout from the rectangular box above 170 can potential take the price to 225-235 range i.e. ~ 35% up from here.

Current Market Price - 161. Stop LOSS LEVEL - 145.
*NOT A TRADE RECOMMENDATION. ONLY FOR EDUCATIONAL PURPOSE.*