It is moving in triangle and wave E is in progress as the part of B wave in ABC down until price stays below 1563. Need to wait for confirmation of bearish sequence before taking any trade.
https://www.tradingview.com/chart/ADANIENT/7sN8vGmb-Adanient-Elliott-wave-analysis-ABC-correction/
https://www.tradingview.com/chart/ADANIENT/7sN8vGmb-Adanient-Elliott-wave-analysis-ABC-correction/
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.