Looking interesting here. Seems we have formed a double bottom around 455-460. Would be closely watching the development from here.
It was covered in our premium analysis friends. Above 1870 it may explode further.
Thrust out of tringle is a strong signal friends.
Triangle in Wave B played out perfectly. Wave C unfolded superbly. What a fall.... !!!
It seems we had an expanded Flat in Wave2. Now it seems Wave 4 might be on the verge of completion as so far retraced 0.236 (normal is 0.386). If it fails to bounce from here we can expect a very sharp correction in Wave 5
Seems we have Triangle in B and might go for C wave on the downside.
16930 is the hurdle above which the counter looks good for 17500 at least.
Looks we have a triangle in Wave B. Will be closely watching the development here. Wave C trade could be lucrative guys.
IT stocks are showing great momentum. Found support around previous break out levels.
The index has retraced 0.618. Secondly wave V too is at 0.382 extension. Still there is no weakness but the speed might slow down. However close above 0.618 levels may keep the bulls busy.
Structure is looking hot. Currently facing resistance around 200 SMA & minor hurdle is around 4425 which once crossed we can see accelerated momentum towards 4800-4900 levels. Keep on radar guys.
Strong rejection at channel upper band. This is how Elliott helps in entry as well as deciding scaling up and arriving at logical target.
Friends I have already updated in my previous analysis that we might head for 5th wave rally and as expected Wave 5 Target is almost done and we have had 600 points move.