Patel Engineering cmp 81.65
I feel wave 2 is almost over in patel Engineering and wave 3 should begin anytime now and we should see this stock trading above 120 very soon. This is just based on my observation. I couldnt paste my chart here as traderji doesnt have option of pasting the screenshot directly in the message box
wave 1=17th Aug 2016 to 5 oct 2016
wave 2=5 oct 2016 to 21 oct 2016* 81.65 is 38.2% retracement and 67 is 68.2 retarcement so anything between these 2 ranges could be the end of wave 2 and wave 3 will begin and its longterm prospects are too good
This is just based on my analysis and this is not buy or sell call. This is only for learning and knowledge sharing purposes. You may please share your views
Thanks
http://ift.tt/2eeUY0b
http://ift.tt/2dARQh8
I feel wave 2 is almost over in patel Engineering and wave 3 should begin anytime now and we should see this stock trading above 120 very soon. This is just based on my observation. I couldnt paste my chart here as traderji doesnt have option of pasting the screenshot directly in the message box
wave 1=17th Aug 2016 to 5 oct 2016
wave 2=5 oct 2016 to 21 oct 2016* 81.65 is 38.2% retracement and 67 is 68.2 retarcement so anything between these 2 ranges could be the end of wave 2 and wave 3 will begin and its longterm prospects are too good
This is just based on my analysis and this is not buy or sell call. This is only for learning and knowledge sharing purposes. You may please share your views
Thanks
http://ift.tt/2eeUY0b
http://ift.tt/2dARQh8
Patel Engineering
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