INDUDINDBK - Triangle breakout / flat formation
Elliott Wave Analysis:-
View 1:-
Triangle was formed and breakout happened and waiting for the retracement.
Once retracement took place we can enter into the trade with safe trade setup with Stop loss @ 1396.
target 1:-1500
target2:-1575
View 2:-
There is a Flat formation in 4the Wave. expanding flat is getting into picture. Wave B crossed wave A and waiting for the C wave to get retraced. According to C wave we can decide whether it is an Expanding flat or Running flat.
we have to wait for retracement.
For Triangle Setup:-
aggressive buyer can enter the trade right now with same stop loss.
Conservative trader can wait for retracement.
I'm not a SEBI registered advisor.
Before taking a trade do your own analysis or consult a financial advisor.
I share chart for education purpose only.
I share my trade setup.
View 1:-
Triangle was formed and breakout happened and waiting for the retracement.
Once retracement took place we can enter into the trade with safe trade setup with Stop loss @ 1396.
target 1:-1500
target2:-1575
View 2:-
There is a Flat formation in 4the Wave. expanding flat is getting into picture. Wave B crossed wave A and waiting for the C wave to get retraced. According to C wave we can decide whether it is an Expanding flat or Running flat.
we have to wait for retracement.
For Triangle Setup:-
aggressive buyer can enter the trade right now with same stop loss.
Conservative trader can wait for retracement.
I'm not a SEBI registered advisor.
Before taking a trade do your own analysis or consult a financial advisor.
I share chart for education purpose only.
I share my trade setup.
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