Formation of an impulsive wave having 4th wave already completed. Currently the stock is trading in the 5th wave which is expected to be completed in the zone of 35-34. The idea will be invalidated if the stock sustained above the level of 86 till then it is sell on rise candidate.
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the recent lows didn't break, suggesting the wave 4 still pending for completion. Expected to complete in the region of 85-90 zone.