After the sharp decline from ₹4,810, the recent advance initially looked like a potential leading diagonal of a new impulse. However, the internal overlaps and choppy rhythm point instead to a Wave X triangle, likely part of a larger corrective sequence (W–X–Y).
As long as price holds below ₹3,419.90, the bearish outlook remains intact, with the next leg — Wave Y — possibly aiming toward the 0.5–0.618 retracement zone (₹2,511–₹1,968). That region, close to the golden ratio, may act as a potential termination zone for the entire correction.
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
As long as price holds below ₹3,419.90, the bearish outlook remains intact, with the next leg — Wave Y — possibly aiming toward the 0.5–0.618 retracement zone (₹2,511–₹1,968). That region, close to the golden ratio, may act as a potential termination zone for the entire correction.
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
交易开始
Break below the trendline!!交易结束：到达目标
Today's Daily candle is hinting at a possible reversal. Hence closing the trade.
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WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。