11 Sep 2020 ● 06:00 AM
Ashok Leyland is consolidating in wave IV with support near 63.50. How long will it consolidate before starting wave V? Time is the one question I cannot answer. This is a daily chart. The easiest estimate for time can be as long as the last rally. So once wave V starts in price V=III [up to 95] is one possible outcome in price but also time. But neither is necessary. What this gives is objectivity in terms of trend and an estimate of risk. The next step is learning to execute a trade and that requires using a handful of technical tooks to make an entry and exit. Something you will need to master yourself to get this right.