FLAT Correction in keystone realtors.Elliott Wave Analysis:-
FLAT correction
View1:-
a) wave correction was over and in b) wave correction c wave is pending either it should close above 658.75 then it will form expanding flat if it close below then it is a regular flat and it is expecting a break a) wave and it would reach the level of 533-549 .
View2:-
a) wave was completed and b) wave was completed and in c) wave formation I&ii wave was formed and iii, iv, v wave’s is expected to fall further directly from the current place.
Further we wait and watch
I’m not a sebi registered advisor.
Kindly do your own analysis before taking trade.
Expandingflat
Affle India Ltd-1WGoing through the Affle India Chart, It seems it is in major 4th wave and making an expanding flat wherein the (b) point has retraced beyond beginning of (a) point. It seems it is making a 3:3:5 structure, currently we are in 4th of C leg of the Flat. C leg is supposed to be in 5 wave structure. The correction may end near 820 and the longs in the instrument may be initiated near 820-910 levels i.e., .618x /.382x extension of 3rd wave.
This is only a view not a trade/investment advice.
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