ITC Indian stocks Elliott Wave technical analysis [Video]
ITC INDIA Elliott Wave technical analysis
Function: Counter Trend.
Mode: Corrective.
Structure: Navy blue wave C.
Position: Gray wave 4.
Direction next higher degrees: Gray wave 5.
Details: Navy blue wave B appears complete, with navy blue wave C now in play.
Wave cancel invalid level: 470.79.
The ITC INDIA Elliott Wave Analysis on the daily chart outlines a counter-trend outlook for the FMCG stock, indicating a corrective phase within a larger pattern. The current focus is on navy blue wave C, which is part of the broader gray wave 4 structure. Analysts note the completion of navy blue wave B’s correction, with the stock now moving into navy blue wave C’s downward leg. This suggests a temporary…
