ADVAIT is unfolding a well-structured ABC corrective pattern on the daily timeframe. Within the C wave, a 5-wave impulse structure is clearly visible, and price appears to be completing wave 4, setting up for a final wave 5 rally toward the ₹2800 zone.Wave structure breakdown
- Wave A (impulse) - 13 bars up
- Wave B (retracement) -21 bars — 1.6× of A
- Wave 1 (in C) - 27 bars up
- Wave 2 (in C) -13 bars — −16.39%
- Wave 3 (in C) -21 bars up
- Wave 4 (current) -assuming to winding up in 10–11 bars · −16.39%
Trade setup
- Buy zone - ₹2080 – ₹2150
- Target - ₹2800 (wave 5)
- Invalidation
- Below ₹1900
Expected timing
- Wave 4 bottom: Jul 1–2
This analysis is for educational and informational purposes only and should not be considered investment advice. Market investments are subject to risks. Please consult your financial advisor before making any investment decisions.
Trade active
Calculated reversal zone % was almost correct.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.