Monday, 18 September 2017

INFRATEL : calling

While every other guy looks at JIO,this tower calls for a buy. How ?
My explanations below:


Technical parameters:

MACD ; likely wave 1 of wave 5 on the anvil, rising histogram below zero.
RSI: Above 50 and upward reversal seen.
STOCH: Long 25,short 34 calling it a BUY.

Buy CMP - 384  and on dips

FIB congruence seen at 540
0.382 completed at 282.

All points to a possible wave 5 target of 540.

I will exit early at 533.

39% upside seen.Looks a good buy.

No comments:

Post a Comment

nifty