I am giving two alternatives below.
SLIDE 1 – Wave 4 is not completed and the ongoing upmove is part of an ongoing FLAT correction eventually ending somewhere in orange rectangle within a bullrun.
SLIDE 2 -Here the wave 4 is deemed to be completed and the present upward move IS or PART of a massive wave 1
KEY TAKEAWAYS
1. Possible for markets to go above previous high in both above cases. However in the 1st instance , treading on thin ice
2. In both above case bull run to resume once the expected future correction is over
3. In both above case , correction can be fairly large but a chance to buy into the expected future bull market
NIFTY BANK
NIFTY AUTO
NIFTY IT
NIFTY OIL AND GAS
ACC
BHARAT DYBAMICS
BHARAT ELECTRONICS
BHARAT FORGE
