Indiabulls Housing Finance (Daily) - Trendline Breakout
It seems to have entered the 5th wave after a long 4th wave
And currently it seems to be in the 3rd internal wave of the 5th main wave as per the Elliott wave count
This is the fifth attempt in which it has done a breakout of the long slanting trendline as shown in the image attached
RSI is above 60, Bollinger Band is challenged on the upper side and the ADX is well above 15
On the weekly tide, all indicators / oscillators are positive as well
It seems to have entered the 5th wave after a long 4th wave
And currently it seems to be in the 3rd internal wave of the 5th main wave as per the Elliott wave count
This is the fifth attempt in which it has done a breakout of the long slanting trendline as shown in the image attached
RSI is above 60, Bollinger Band is challenged on the upper side and the ADX is well above 15
On the weekly tide, all indicators / oscillators are positive as well