The advance from Mar 24, 2023 low of 86.06 subdivides into five waves. Notice that this price action contains overlapping waves that contract and form a wedge shape. That is the emblem of an ending diagonal which cues a swift and dramatic reversal on the horizon.
According to Elliott Wave guideline, the expected reversal is projected to reach at least the point...
NSE:HATHWAY
Hathway ltd formed a falling wedge pattern and
tested the major support zone.
Positional setup
the trend can reverse and bounce towards the resistance zone of 50.
the risk-to-reward ratio is very good in this setup.
##Daily chart view
detailed analysis is on the chart.
keep learning,
happy trading.
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you can think of buying IOLCP becuase it has strong momentum and can move great heights for a short term, might hover around green line but keep stoploss when price closes below green line, Happy Trading :)
