ShreeKrishna

Side ways Corrective Trend

NSE:ULTRACEMCO   ULTRATECH CEMENT
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This scrip after hitting the ATH have moved in Side way corrective pattern ,
1) it made and Side way corrective pattern consisting of 3 waves as 3,3,5 pattern which i am referring as Wave (W)
02) Currently its making 3 wave pattern of 3,3,3 which i am referring as wave (X)
03) If the ATH is tagged and price reverse i am Looking an deep sharp impulse leg down which will be again in 3 wave corrective pattern
which i am expecting it will not brake its previous impulse leg low , once this correction completes i am looking an Continuation of Impulse move for Next high
One can look for trading as per direction currently drawn in the chart
Trade closed: target reached: Target reached
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