SYS - Hourly Analysis - 14-12-2024
Primary Structure: Bullish Impulsive
Primary Trend: Bullish
Current Wave Structure: Potential Bullish Impulsive.
Expectations: The rise from its low of blue wave "2" can be counted in five overlapping waves as a leading diagonal in black wave "1 followed by a pullback. The structure in red wave "(1)" is about to complete soon. We must witness a pullback minimum of three waves.NOTE: Target Met, made a total of Rs. 229.
Since our target is met we are removing this stock from hot picks for now.
Recommendation: 3: Move stops to 500 and set the targets at 590.
2: Hold the longs.
1: Long positions may be considered from 361 to 350 with stops below 280. Targets will be communicated with time.
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