Elliott_wave_study

Bank is trading under a channel in Final E wave

Long
NSE:INDUSINDBK   INDUSIND BANK LTD
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NSE:INDUSINDBK is trading under a channel in final E wave

Lower degree of E wave ..... First and Second wave of the 3 wave pattern of E wave is completed now we can ride on Third wave if we apply the Fibonacci extension

Expected target will be 612

IF market is moving downward we can put stop loss of 495

This idea is for educational purpose not for trading just simply observation

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