Patel Engineering

john302928

Well-Known Member
#1
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://imgur.com/Zpcbdmx
http://imgur.com/6wcwumQ
 
Last edited:

mastermind007

Well-Known Member
#2


 
#3
Nah.. imgur is giving problems. Uploaded using Tinypic. Downloaded on my PC, then uploaded on tinypic.

Another way of uploading to imgur is through PicPick software. Open the image and then use "Share" --> "Internet URL" option.

 

john302928

Well-Known Member
#4
#5
Dear Mastermind, I am unable to view your charts
He tried reposting your charts, but looks like imgur is giving problems.

So, requesting you too to post your charts using tinypic.
 

john302928

Well-Known Member
#6
I am able to view my charts using the link I have given the first post



He tried reposting your charts, but looks like imgur is giving problems.

So, requesting you too to post your charts using tinypic.
 
#7
I am able to view my charts using the link I have given the first post
Of course you are, by clicking on the links. But better viewed by the others by embedding it as seen in my post. Your choice.
 

john302928

Well-Known Member
#8
Patel Engineering looks like reversing with Leading diagonal.Keeping the invalidation level intact,lets focus on the movement
 

john302928

Well-Known Member
#9
Patel Engineering had already reversed and pull back has been going on and the pull back is also about to end. Anytime reversal might happen and we might witness terrific rally in this stock. Cheers
 

Similar threads

Zerodha – Open Paperless Account

Open online account with Zerodha. Free delivery trading and Max Rs 20 for Intraday, F&O, Currency and Commodity Trading. Intraday High leverage with MIS, CO and BO.

Name:Phone:
Email:City:
State:
Are you a day trader?