The stock set into an impulse in Jan 2023 and completed the first wave up by Feb 2023 and corrected thereafter till the first week of march.
The wave 3 in the stock began in march 2023 and went on all the way till July and there after the stock was in complex wave 4 correction until last week.
The stock is now coming out of the 4th wave correction and could give a great "Santa Rally" beginning in November and extending till Christmas Day(or beyond).
The target for the 5th wave is projected around 205-210 zone.
The wave 3 in the stock began in march 2023 and went on all the way till July and there after the stock was in complex wave 4 correction until last week.
The stock is now coming out of the 4th wave correction and could give a great "Santa Rally" beginning in November and extending till Christmas Day(or beyond).
The target for the 5th wave is projected around 205-210 zone.
Comment:
170 trailed SL