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InfosysKindly analyse on your own ..... Few Clarifications .... If Wave 1 is Diagonal Then Wave 5 is Not . So ,Wave 5 Can be wave 1 of wave 3 ,Thats most suitable. Or This is Just A Zigzag combination correction. 995 Resistance (Above that you can give a thought that this correction is finished ). Downtrend il continue untill its inside this channel,Every bounce at resistance will be sold. Didnt mentioned last move down with wave counts to avoid mess. I Always Maintain Neutral view,You Trade as per invalidation Points,Untill then consider ongoing trend is On. I dont have time to update each move every moment.
NSE:INFY
by Speed0
SBI - Breaks out Previous Resistance, Wave 3 ProgressIt is been observed that ABC Zig Zag correction completed and Wave 1 and Wave 2 structured well that shows higher high. Now I observe that Wave 3 is in progress and it shall go upto 261 and retrace back to Wave 4 and then shall again move higher from 261 levels to make Wave 5. It is wise to buy after retracement or near Wave 4 levels. As per technical pattern formation, you may also notice a "Head n Shoulder" pattern formation that retrace back to previous resistance level at 256 or Wave 4.
NSE:SBINLong
by NeeteshJain
5