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govindsy

Trend Reversal After Impulse - Short

Short
ITC LTD (NSE:ITC)  
govindsy Updated   
NSE:ITC   ITC LTD
Wave Analysis
3
0
waveanalysis
After Impulse:
Formation Of Ending Diagonal
2-4 Trendline not yet broken.
Probable targets before mid of Apr
Target 1- 368
Target 2 - 360
snapshot
snapshot

Disclaimer :
It is not any recommendation. Only for educational purposes. This is my personal view only.
Comment:
Formation of an ending diagonal at Wave5 of an impulse:
In the previous chart ending Diagonal Wave5 is not proper. It is updated now.
In Wave5 price went near 394. The view of downtrend with the below target still holds with more confirmation of price trading below 2-4 trendline.
The 2-4 Trendline of recent impulse is not yet broken.
Probable targets
Target 1- 368
Target 2 - 360
snapshot
Disclaimer

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