The chart is showing a clear Elliott Wave structure. After completing a 5-wave bullish move, the price looks to be entering a corrective phase.
Current move suggests we are in Wave 4 correction, with Wave 5 downside still pending.
Key support levels: 7.91 / 7.64 / 7.44
Resistance zone: 8.30–8.37 (if broken, the bearish count may get invalidated).
This setup indicates further downside is possible if resistance holds, aligning with Elliott Wave theory.
⚠️ Disclaimer: I am not SEBI registered. This analysis is shared for educational purposes only. Please consult your financial advisor before making any investment decisions.
Current move suggests we are in Wave 4 correction, with Wave 5 downside still pending.
Key support levels: 7.91 / 7.64 / 7.44
Resistance zone: 8.30–8.37 (if broken, the bearish count may get invalidated).
This setup indicates further downside is possible if resistance holds, aligning with Elliott Wave theory.
⚠️ Disclaimer: I am not SEBI registered. This analysis is shared for educational purposes only. Please consult your financial advisor before making any investment decisions.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。