Escorts is in the correction phase. Wave 4 near to complete.
Position 1:- At the 38.2% (681-682) retracement (current position) take short with SL of 796 (In case this Fails)
Position 2:- At 50% (725) retracement as shown in the chart with SL of 735.
Nifty is in the correction phase. All 5 waves are completed. Now started the wave A and most possibly end at 10850.
Then wave B will start.
Can take a long position at 10800 levels for the short term with the target of around 11300, then again big correction wave C will start.
I will update the Levels again.
Wave 3 was completed, now in the correction phase. The Wave 4 will end at 50% retracement of Wave 3.
Can setup short selling trade for the 1135 target.
Good Buying opportunity at 1135 level for Long term.
Correction is completed and there is trend reversal observed on the weekly chart.
In current week 1st wave of new cycles is finished and there are chances of small correction and then the 3rd wave will start.