WavesApp - Long positionBreak put EMA 200 on hourly chart
ABCD patter in play
Between Target Rs 10.6 - 10.7
WAVESAPP trade ideas
WAVESAPP is BullishSince its listing the bears seem to be in complete control of the price action, however matured bullish divergence on daily time frame has signaled that bulls are trying to assume control, and if they manage to break previous lower high then we can expect a bullish rally as per Dow theory. Targets are mentioned on the chart.
WAVESAPP🚀 Stock Alert: WAVESAPP
📈 Investment View: Technically Bullish 📈
🔍 Quick Info:
📈 Buying Range : 10-9
🎯 First Target : 11.10
🎯 Second Target : 12.50
🎯 Third Target : 14
⚠ Stop Loss: 8.50
⏳ Nature of Trade: Mid Term
📉 Risk Level: Medium
☪ Shariah Compliant: YES
💰 Dividend Paying: NO
📰 Market Analysis:
Current Situation: The price action is currently testing its support level around 10.
Recent Volume: A high volume of 37 million shares has been observed in the stock over recent days.
Expected Movement: A possible pullback is anticipated from the current zone of 10-9, with a suggested stop loss at 8.50.
Upside Targets: Potential upside targets include 11.10, 12.50, and 14.
