Start of New Impulse wave 3 or Zigzag C.Go long

Nazara technologies crossed it's listing day high on 14-09-2021,post which it has shown impulsive rise in 5 wave,after completing 5 waves,it has retraced back to 61.8% of prior impulse meaning forth coming move can be either impulse wave 3 of higher degree or an wave C of zigzag.In either case one can long at cmp of 2300 with a closing stop-loss of 2150.

Conservative Target for zigzag wave C is coming between 3232-3900
Ideal target for zigzag wave C is coming at 3900
Ideal target for impulse wave 3 of higher degree is coming at 4980.

Risk reward is looking extremely favourable at this stage and stock has breached it's down sloping trendline that it made during corrective wave B/2.

Disclaimer:Analysis done here is just for my future reference,no position should be build or squared off on it's basis.

Comment:

Here i am attaching weekly chart and have labelled my imulse count in it giving us significant upside target in coming days.

reason behind primary 3 sub-division and labelling 5 sub wave in intermediate degree is we are not seeing any form of alternation between primary 2 and primary 4 (here i have change it to intermediate 2),both the corrective waves have retraced it's prior wave by 61%,there's no alternation seen in it's pattern,there's no alternation in terms of time taken by both the waves.Now going ahead it seems like we have completed intermediate wave 2 as price crossed down slopping trendline and have managed to close above prior week's high indicating first sign of reversal,however only concern is we haven't seen volume picking up.Going ahead we need to see follow through in next week to get additional confirmation of intermediate wave 2 completion.