Pranav_Shandilya
Long

For INDIAN Traders - ABIRLANUVO

The wave counts have been achieved with fibonacci ratios. The interesting thing about this chart is the irregular wave 2. Because of that pattern, I had been expecting wave 4 to be simple and sharp. That has been achieved. I was also expecting the wave 4 to correct deeper. But it seems took support at the 0.236 fib retracement which is not unusual, but unexpected by me. Anyway, now we have seen a strong wave 1 and wave 2 from there with the wave 2 retracing exactly 61.8% of wave 1 which is a very classic wave 2 pullback. We can now gear up for a bullish wave 3, which in my expectations, will reach 1.618 times wave 1, ie. 2300 level. Buckle             up your belts, foot on the accelerator, switch to 15 mins chart, buy at retracements and breakouts. And use good stoploss management.

Trade well :)
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