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WaveTalks
Sep 13, 2016 7:04 PM

TechM (4H)- Tripple Correction To End@451.30 Likely Long

TECH MAHINDRANSE

Description

There is a tripple correction, which started from high@564 & looks like it has ended@451. 30 recent low, but not confirmed yet so we will wait for the falling trendline to be broken or Move Above 476.50 -key level- any move above, shall give a clue that tripple correction WXYXZ has ended -which ultimately has ended "d' -wave of the triangle as per previous update.

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09:45 Hrs- IST-14th Sep2016- Vow -its moving upside. Currently Trading at 470.85.

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11:50 Hrs-19thSep2016

Kiss & Go Above 476 -it's trying its best from 460-465 zone

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14:35 Hrs- 19th Sep2016

"O" -Just Turned below 476. Made a high at 474.90 approx. Trading at 469
Comments
harishkumarhs
So the close at 407.2 is the completion of d-wave. The move from second 'x' to 'z' is to be market 12345 impulsive. Right??
harishkumarhs
So the close at 407.2 is the completion of d-wave. The move from second 'x' to 'z' is to be marked 12345 impulsive. Right??
WaveTalks
harishkumarhs
@AbhishekHSinghCMT, Thank you sir.
NeeteshJain
It may also be called Double Zig-Zag Correction. What do you say?

Well noted correction, Abhishek.
WaveTalks
Sorry Nitesh- Just Missed your update as well- it's happening frequently to me
WaveTalks
Yes Double Zigzag- correct
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