WAVE 3 REACHED fib extension of 138.2% OF WAVE 1 AS SHOWN ON Daily chart wave 4 retraced 38.2% of wave 3.
WAVE 2 ZIG ZAG CORRECTION! ABC ,WAVE 'C' TRUNCATION I.E FAILURE TO TAKE WAVE 'A 'LOW!! DETAILED LOWER TIME FRAME (4 HOURLY)
wave 1 started from a significant low marked on chart, wave 2 retraced to reach 50% level of wave 1 with a simple zig zag correction!!
Downside targets - 8656 , 8188 ! 5th wave
LONG WITH 685 AS TARGET WITH SL BELOW 417
LONG ON CIPLA AT CURRENT LEVELS! EXPECTING A BOUNCE TO UPSIDE!!!
BULLISH ON SBIN AT CURRENT LEVELS! DIVERGENCE BETWEEN PRICE , RSI & ICHIMOKU CLOUD DIRECTION WITH A DIP