Primary wave 4 expected to be in sideway either in flat or in any triangle variation. One more higher high will invalidates ZIG-ZAG possibility as retracement will be more than 61.8 of previous move as per Neely wave
Explained over the chart
DHFL might move towards 130 to 140 level before giving short term relief 380 to 400 level in WAVE B
Looks like Wave A is complete. There should some Reversal with Wave B and will complete its correction C as some investors would look go for some profit. Please comment on this if you find anything missed out.