Maruti: Rising Flag, Dropping Probability

Structure
Wave Y Setup
Summary
The current rise is a corrective phase, not a trend reversal. The higher-probability outcome is a continuation lower into Wave Y unless the channel breaks to the upside.
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
- The decline into Wave W is complete as a Regular Flat.
- The rebound is a corrective Wave X, fully overlapping and contained within a rising channel.
- Bias remains bearish as long as price trades inside this channel.
Wave Y Setup
- Trigger: Breakdown below the channel near 16000.
- Entry: Preferable after a break and retest of the lower channel line.
- Target: Toward 15,260 to complete Wave Y.
- Invalidation: A decisive close above 16,549 invalidates the bearish view.
Summary
The current rise is a corrective phase, not a trend reversal. The higher-probability outcome is a continuation lower into Wave Y unless the channel breaks to the upside.
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
Trade fermée: ordre d’arrêt atteint
WaveXplorer | Elliott Wave insights
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WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.