ElliottWaveInsights

Shorting opportunity in JSWSTEEL

Short
NSE:JSWSTEEL   JSW STEEL LTD
In the context of Elliott Wave Theory, within the corrective structure of an ending triangle formation, one may consider initiating a position upon the completion of wave E, with further allocation contingent upon the breach of wave D. Wave E must not be longer than wave C in order for this strategy to maintain its validity, specifically not exceeding 839.
Comment:
5th wave cant be longer than 3rd wave, violation of Elliott wave theory, hence this idea is no longer implemented

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