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rJ68263746
Aug 22, 2021 3:57 AM

Adanient - Elliott wave analysis - ABC correction  Short

ADANI ENTERPRISESNSE

Description

It looks like forming triangle in B wave and will continue C wave down soon after breaking below 1407 level. The 1563 is the level of invalidation. and target will be between 1090-1000.

Share you comments, if you are agree or not ?
Comments
adithyavaradharaj
You have given two charts if it goes down while opening we should sell if it goes below 1400.what should be the upside target
rJ68263746
@adithyavaradharaj, expecting it to remain range bound for may be 1-2 days, then it should drop.
BTW, the second chart below main, was historical updates.

You should only follow the idea, if you know elliott wave, because this idea is based on wave theory and if you don't know about it, then better not to trade and just observe it.
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