MANAPPURAM at a discount!!!
this waves are drawn based on the stock which is at major discount and with a good fundamentals, so the waves will follow there impulsive moves based on its targets reached previously.
wave 1- a impulsve move to correct itself to reach the first level of its target
wave 3 - to reach the second target
wave 5- to reach the major trend line, to make the stock exactly priced.
wave 2&4 are the corrective waves, which makes the stock to rest running a long journey.
NOTE- wave 3 should not be shortest waves among(1,3&5)- Princles of Wave Theory
wave 1- a impulsve move to correct itself to reach the first level of its target
wave 3 - to reach the second target
wave 5- to reach the major trend line, to make the stock exactly priced.
wave 2&4 are the corrective waves, which makes the stock to rest running a long journey.
NOTE- wave 3 should not be shortest waves among(1,3&5)- Princles of Wave Theory
Penafian
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