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Kruti0210
Sep 5, 2020 9:45 AM

MARUTI SUZUKI ANALYSIS AS PER WAVE THEORY Long

MARUTI SUZUKI INDNSE

Description



We have a 5 Wave Upward Impulse complete;



The 5th Wave which was an Upward Impulse is verified which confirms end of the Upward Impulse move; After completion of the Impulse we have a downward Flat structure which confirms completion of WAVE A of the Correction;



So we have Wave A complete and Wave B has Wave A = Upward Zigzag; Wave B = Dowanward Flat both complete and Wave B has closed below the start point of Wave A hence Wave C will be a Upward 5 Wave Impulse as per the rule of Flat.



So in the 5 Wave upward impulse forming in which Waves 1,2,3 and 4 are complete; Wave 2 was a complex structure and hence Wave 4 was a simple structure which is also complete we will get the confirmation after checking in the lower degree timeframe;



Wave 1 is complete we have a proper 5 Wave Upward Impulse complete which comprises Wave 1 of Wave 5 and now Wave 2 will form which is gonna be a correction;



Comments
stocksinboxx
The efforts you take to put your analysis forward is truely commendable. keep up the good work.
welcome to the tradingview community !!!
Kruti0210
@stocksinboxx, Thank You
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