Axis Bank- Magic of Channel- Slips from 603 to 585.40

94 4 2
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
today 600 pe brought at Rs 8 waiting to come below 600 stop loss 620
From an EW perspective, looks like a 5 wave down-move completed from 638 to 588 levels....isnt it ?
it could be but these 3rd waves puzzle -here I think 3rd wave has its own subdivisions. sometimes cunting 5 waves is not done & you are taken for surprise so traditional analysis helps you a lot at that very moment.
walter0202 AbhishekHSinghCMT
understood, i have just started learning EW :)
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