BOSCHLTD - Avoid Longs

3. Jan.

The script is following 3 wave down structure from the top.

A and B looks complete.

In C leg down, price has completed i,ii, and iii waves; ivth in play.

This ivth wave could terminate anywhere between 34700-35200.

If the price breaks above 35500, then this view becomes invalid.

AB=BC target is at 30900

We could soon get a good LRHR opportunity on this counter.

BOSCH options are illiquid, so, it is better to focus on futures (from trading perspective).

From investment perspective, this is not a place to go long.

I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.

3. Jan.

Trade ist aktiv

"This ivth wave could terminate anywhere between 34700-35200."

This is the level mentioned.. Price is getting rejected at 34900 - and in Impulse nature (check 15 minutes tf).. Chances are that the wave 4 ended there and wave 5 to follow. Aggressive traders can short now with SL at Day's high.

For positional traders the SL for short will be at 35500

13. Jan.

Trade geschlossen: Ziel wurde erreicht

30800 is today's low.. Maybe we will touchdown at 30750 levels and bounce up high.. another 2000 points upmove looks possible on this counter.. but dont jump to trade.. follow price action..

For now, I am out from shorts