Wave Strategy Home Forums Trader’s Forum Elliott wave applied on BPCL

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    BPCl (w) elliott wave

    I am showing the probable Elliott wave counts of BPCl (w). Seems like wave 5 is running  and soon it will over for a good correction till previous wave 3-4 till around 663. Am I correct?

    #128038 Reply
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    Ashish kyal, CMT

    <p style=”text-align: left;”>The rise where you marked I II shows overlapping structure. So wave I started after that which is strong impulsive. Within wave I wave 3 looks to be ongoing. I would about catching top in such outperforming strong impulsive stocks unless last rising segment is retraced in faster time.</p>

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