BOSCHLTD - Avoid Longs
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The script is following 3 wave down structure from the top.
A and B looks complete.
In C leg down, price has completed i,ii, and iii waves; ivth in play.
This ivth wave could terminate anywhere between 34700-35200.
If the price breaks above 35500, then this view becomes invalid.
AB=BC target is at 30900
We could soon get a good LRHR opportunity on this counter.
BOSCH options are illiquid, so, it is better to focus on futures (from trading perspective).
From investment perspective, this is not a place to go long.
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
A and B looks complete.
In C leg down, price has completed i,ii, and iii waves; ivth in play.
This ivth wave could terminate anywhere between 34700-35200.
If the price breaks above 35500, then this view becomes invalid.
AB=BC target is at 30900
We could soon get a good LRHR opportunity on this counter.
BOSCH options are illiquid, so, it is better to focus on futures (from trading perspective).
From investment perspective, this is not a place to go long.
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
Transaction en cours
"This ivth wave could terminate anywhere between 34700-35200."
This is the level mentioned.. Price is getting rejected at 34900 - and in Impulse nature (check 15 minutes tf).. Chances are that the wave 4 ended there and wave 5 to follow. Aggressive traders can short now with SL at Day's high.
For positional traders the SL for short will be at 35500
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
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