Tube Investments of India Ltd — Wave X Triangle in Play
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.
İşlem aktif
Break below the trendline!!İşlem kapandı: hedefe ulaştı
Today's Daily candle is hinting at a possible reversal. Hence closing the trade.
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Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
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İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.