ITC in 4hr time frame: Bearish Scenario

ELLIOTT WAVE ANALYSIS: All observations are clearly indicated in the chart.

Elliott wave is an road map to identify the direction of market.

Wave "1" : Motive wave completed
Wave "2" : Simple zigzag completed
Wave "3" : Motive Wave Golden wave started. Looks like overall trend in Bearish scenario, one can accumulate or start buying for long term at the price level of Rs .200 to Rs .150

Kindly hit the like button to forecast the chart like this further

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