ITC INDIA Elliott Wave technical analysis [Video]
ITC INDIA Elliott Wave technical analysis
Function: Bullish Trend.
Mode: Impulsive.
Structure: Navy blue wave 1.
Position: Gray wave 5.
Direction next lower degrees: Navy blue wave 2.
Details: Gray wave 4 appears completed; navy blue wave 1 of gray wave 5 is currently in progress.
Wave cancel invalid level: 390.
The ITC INDIA daily chart reveals a bullish trend continuing via an impulsive Elliott Wave structure. Following the completion of gray wave 4’s corrective phase, the stock has entered navy blue wave 1, which unfolds within the larger gray wave 5 sequence. This movement marks the beginning of the final push in the ongoing bullish cycle before a possible larger correction phase.
Navy blue wave 1…
