The Scrip is looking promising to me:- - As the it made another HH on closing basis, EW counts suggests impulse move has started again. - From Classic Technical Analysis, the stock broke out of the classic ascending triangle or VCP pattern. Please do your own due diligence as this is my personal views only.
Counts suggest upmove mostly complete. An hourly negative closing and downtrend may resume
Diamond Chart Pattern in Classic Technical Analysis is associated with Trend Reversal. However, in Elliot Wave it may act as a Trend Continuation pattern. In this case the pattern mostly occurs in wave B. Since this is a very powerful pattern which occurs rarely, should not be missed as gives a very fast move. The pattern occurred in Adani Enterprises Hourly...