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
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