bbhalaji

ITC - completing wave 1 of the bull move ???

Long
bbhalaji Updated   
NSE:ITC   ITC LTD
ITC did a correction with the marked in green ABC. Then it had made a 5 wave move up and a zig zag correction marked in blue. We can expect wave 3 to end at a 138% or 161.8 % projection of wave1, which is 300/- or 320/-.
Comment: Alternative wave formation: ABC in green can be the wave A of the consolidation move, followed by wave B for which wave A is complete.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.