It is clear from the chart that IDEA has already made a symmetrical triangle pattern And broke that with a strong bullish candle (Proving strength) Now it made Flag & Pole pattern. Which indicates a swing trading opportunity upto 9.35 - 9.50 level. (On the tine of publishing idea LTP was 8.8). SL 8.20 is a must. And also the stock is at strong support on...
wave 2 is between 0.786 and 0.618 level of wave 1. wave 3 is exactly 1.618 times of wave 1. wave 4 started from 925 level, according to elliot wave theory it should retrace upto 780 levels. Which provides us with a good shorting opportunity. For additional confluence:- divergance spotted in MFI indicator (oscillator is making lower high but stock is making...