according to EWP analysis, Granules india Ltd
from the bottom of 422 to 547 price has unfolded in Flat correction
wave (B) retraced wave (A) X more than 78.6%
Wave(C) projected wave (A) X 1.618%
from the top of 547 to 478 is impulsive wave (1)
from 478 to 511 price is unfolded in extended flat corrective wave format.
from price 511 to down trend is identified as wave(3) in progress
followed expecting impulsive wave towards down trend or another correction resulting in complex correction.
target for impulsive wave(3) would be 400 -wave(A) X1.618%
from the bottom of 422 to 547 price has unfolded in Flat correction
wave (B) retraced wave (A) X more than 78.6%
Wave(C) projected wave (A) X 1.618%
from the top of 547 to 478 is impulsive wave (1)
from 478 to 511 price is unfolded in extended flat corrective wave format.
from price 511 to down trend is identified as wave(3) in progress
followed expecting impulsive wave towards down trend or another correction resulting in complex correction.
target for impulsive wave(3) would be 400 -wave(A) X1.618%
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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.