In Daily stock completed Wave 1 - 2 - 3
Current Wave 4 Unfolding
Since wave 2 was deep, chances are wave 4 will be flat
Near term resistance and wave 4 unlocking may happen near 120
Post that stock has minor resistance at 130
Den straight away to 150
Keep an eye
This analysis is done purely on basis of price action and chart patterns.
The analysis is done on weekly TF hence it can take couple of days to couple of weeks to reach the target.
Logic, SL and Target is shown in image itself.
Also, traders can see Cup & Handle formation on chart as well. (double confirmation of priceaction)
This analysis is for study...