As i have observed market has been long form the log time after 2008 crisis if we impose the five wave pattern in it as i show in chart Please correct me if my wave count is wrong i just want to discusses weather we have right now a big short or not i feel in before march 2021 market will fall and it been in 2008 Please share your view on it.
Some point which...
ICICIBank respecting lower line of pitchfork pattern. Tripple Zig Zag in C correction wave.
Multiple major resistance 364,375,385 above which 410,442 is expected.
Entry 360 Stop Loss 335 (7%) target conservative 410(13.9%), Aggressive 442 (22.7%)
As we know NU has been in a very good down trend since Mid March, and it seems like it has completed the 5 wave structure of the B leg and now it is about to begin it's way for the C leg.
Divergence is also appreciating in that case for NU LONG.
I'd prefer .6420 for SL in case of Buyzz.
And target would be .6971.
GOOD LUCK GUYS.
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