AnkitSalgi
Short

Short LIC housing Finance. Using Elliott wave and Fibretracement

NSE:LICHSGFIN   LIC HOUSING FINAN
Go short for LIC housing Finance.
Using Elliott wave and Fibretracement.
Looking at weekly chart since oct 2018. It has completed 5th wave
and we will soon see correction waves ABC .
Wave A will complete around RS 480/- B wave will pull back to Rs 520/- and C wave will complete around Rs 430/-.

Analysis by Ankit Salgia
In your approach, there seems to be some error in the basic rules of elliot wave. These seem like corrective waves and not impulses. No critique - just sharing
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