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Not sure about Elliot waves ..but in its terminology 5th wave may occur ..
If indigo on Monday is able to breakout multi-year trendline, it may end somewhere in 2300-2400 zone.
market conditions also look favourable... would be interesting to witness.
Playing well in a channel, in the last session, rebounded from the bottom channel support.
If it doesn't breakout out from the channel on Monday, its high chances will touch 535 lvl soon
All the best for your trades !!!
targets on chart
is it a cup and handle breakout? looks so, the target may confirm
Broke the existing trend with heavy volumes
Fib Targets mentioned in charts
Interesting cup and handle formation - bullish as well
possible breakout if crosses the trend line
upper and lower trendline converging
ADX turning up
playing well within a sort of channel. High chances of it rising from here and for some time.
Disclaimer - Refer my id - Learner -> I am learning, so take above note with a pinch of salt :)