KPITTECH - Wait for the Pullback

5시간 전

CMP: 1533

Primary view/assumption is that, 3rd and 4th wave are complete and now are in the early stages of the Primary (5)th wave.

Price has retraced 38% of the entire impulse from 2nd wave and now showing signs of reversal.

Price is now approaching the 200 DEMA and the wide range RED bar (GAP Down Candle) at 1600 levels

The smaller TF 5 waves also appears to be terminated/ended at around 1600 levels.

If indeed, the primary view of bullishness to play out (5th wave has started), then it is prudent to wait for this impulse to end expect the DIP in the 2nd wave down. The 3rd wave will be most rewarding

On Weekly TF, Primary 3rd is complete


Daily TF 1 and 2 with Subwaves



Daily TF wave 3 with subwaves



Daily TF 4th wave and subwaves



I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.