In my previous idea, I already suggested that we could see some reversal around 161/57 for 185 at least. It gave a breakout from the pitchfork as well. Will attach the link below. Now, as per elliot waves, if the counts are valid, then the scrip soon touch the marked levels on the chart. If you're a trader, then a right entry and SL is too important. So look for a buy setup as per your trading plan and method.
Even if you are correct, still a wrong entry will cause failures and loses. And even if you're against the trend, a right entry will save your.... ;)
Also, I can decorate my every chart with 100s of pattern, fibonacci retracement, gann, harmonics, retracement, trendlines and channel, but I choose not to. If you want to see simple analysis with highly accurate predictions, then see and learn from my other ideas shared.
Anyway, if you like my ideas then give a like and comment. Reach out to me for enquiries and doubt. Link for previous ITC idea below.
That is not Triangle what you have highlighted , from ATH it gaps down , and it does not make Triangle, irrespective of other notations , The triangle highlight is incorrect
yogi_sharma_elliottician
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@ShreeKrishna, I have no idea where you are you learning these all from, it's okay if views and analysis don't match. But it has nothing to do with ATH and a gap down, also triangles can be only formed in B of ABC, irrespective of where ABC forms. so your point of view once again becomes invalid in my post. Good luck and happy trading. Thank you for your valuable comment.
Gopal_Verma
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Thanks yogi very nice analysis and if its works according to your analysis then it will made my day.
yogi_sharma_elliottician
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@Gopal_Verma, thanks bro, hopefully it will work, anyway traders should always trail the profit. :)