Lincoln Pharma-Wave 5 Impulse started
1.Impulse wave 5 started in Lincoln pharma & can buy for short term gain at the entry level of 215.
2.As per the Fibonacci,wave 5 taken support at 61.8% of wave 4 retracement.
3.Normally wave 4 could breach the channel line during the correction & here in Lincoln pharma also the same has happened.
4.Target for this short term gain will be around 300 level as per the Fibonacci extension of wave 3.
5.Keep SL below wave 4 i.e around 206 level.
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