INDUSIND BANK - Wave Counts

INDUSIND BANK Weekly Elliott Wave Counts,
completed Sub wave (1) of the parent Wave V.
Wave V is pending.

Where,
Wave III is nearly two times of Wave I.
So, expecting Wave V to be at least equal to Wave I at 2442
or 0.618 of Wave IV projected from the top of Wave III at 7344.

Trade at your own risk.
Regards, Arman dhull.

Comment:

Completed a 5 wave impulse from the low of 2020.
Where,
Wave 3 is 1.618 of wave 1
and, Wave 5 is 0.618 of wave 1.
Wave 1 is retraced 0.618 by wave 2.

Now expecting an extended flat correction ABC after a 5.
Counts valid below 1500.