3rd May
In sync with my earlier count the stock should head for sub wave 3 of V to 580.
Wave 3 always quite swift and expect some fire works here too.
4th Apr
One of my long term favorite stocks for its bullish wave count. However the stock corrected for a very long time in wave IV Intermediate degree, for over 7 months.
Now the stock seems to have picked up momentum and as mentioned in earlier post in simple 5 wave impulse calculations minimum price target for this wave V is near 516 if wave V= wave I, extensions of this wave can take it to 560 or 586.
However, there are other very bullish possibilities which can take the stock to quite dizzy heights, namely extensions of wave V or since wave I was quite small the stock may move 61.8% of length till wave III, from wave IV.
My estimate for higher degree (Cycle) wave 3 target is near 834 however, the pattern the stock will choose to arrive there is not clear yet. My preferred count would be the one with extensions of wave V.
Will keep monitoring for more clues.
Here is the link to my earlier posts on this stock.
BIOCON
In sync with my earlier count the stock should head for sub wave 3 of V to 580.
Wave 3 always quite swift and expect some fire works here too.
4th Apr
One of my long term favorite stocks for its bullish wave count. However the stock corrected for a very long time in wave IV Intermediate degree, for over 7 months.
Now the stock seems to have picked up momentum and as mentioned in earlier post in simple 5 wave impulse calculations minimum price target for this wave V is near 516 if wave V= wave I, extensions of this wave can take it to 560 or 586.
However, there are other very bullish possibilities which can take the stock to quite dizzy heights, namely extensions of wave V or since wave I was quite small the stock may move 61.8% of length till wave III, from wave IV.
My estimate for higher degree (Cycle) wave 3 target is near 834 however, the pattern the stock will choose to arrive there is not clear yet. My preferred count would be the one with extensions of wave V.
Will keep monitoring for more clues.
Here is the link to my earlier posts on this stock.
BIOCON
No comments:
Post a Comment