INDHOTEL - At the FAG end of the 3rd wave.. Expect 10-20% DIP
We are almost at the fag end of the 3rd wave (Primary counts in blue).. 740-750 zone is the 1.618 extension target for the 3rd wave from covid lows.. BUT, on daily, if you look at sub-division of the primary 3rd, the 5th wave (of 3rd) targets are 660 and 720.. we are already making a double top at 720 and facing multiple rejections at 720 levels.. Plus, the ending diagonal is also in play to complete the 5th (of 3rd)..
We should either be falling sharply from here.. OR there could be a final throwover move to 740-750 levels and then a steep fall..
Trail your longs with tight SL
Wait for breakdown - if you would like to short..
We should either be falling sharply from here.. OR there could be a final throwover move to 740-750 levels and then a steep fall..
Trail your longs with tight SL
Wait for breakdown - if you would like to short..
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
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