ITC INDIA Elliott Wave technical analysis
Function:Â Counter Trend.
Mode:Â Corrective.
Structure:Â Navy blue wave C.
Position:Â Gray wave 4.
Direction next higher degrees: Gray wave 5.
Details:Â Navy blue wave B appears complete, with navy blue wave C now in play.
Wave cancel invalid level:Â 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…
