Primary Wave 3 in last leg

Primary degree:yellow
Intermediate degree:White
Minor degree:Red

We are currently in Primary wave 3,Intermediate wave 5.Primary wave 3 has seen extention and has crossed 261.8% extention level and going ahead we can expect this extention to 361.8% which is coming at 818 level.

Stock has given a fresh breakout last week and this week we are seeing retracement in the form minor degree wave 2.In coming days once we get minor wave 2 completion confirmation we can see up move resuming which can take price to 800 odd levels.Exit for this long trade would be the swing low of minor degree wave 2 of intermediate wave 5 of primary wave 3.

Disclaimer:Analysis posted here is for my future reference no position shud be taken solely on its basis.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.