Kruti0210

MARUTI SUZUKI ANALYSIS AS PER WAVE THEORY

Long
NSE:MARUTI   MARUTI SUZUKI IND

We have a 5 Wave Upward Impulse complete;


The 5th Wave which was an Upward Impulse is verified which confirms end of the Upward Impulse move; After completion of the Impulse we have a downward Flat structure which confirms completion of WAVE A of the Correction;


So we have Wave A complete and Wave B has Wave A = Upward Zigzag; Wave B = Dowanward Flat both complete and Wave B has closed below the start point of Wave A hence Wave C will be a Upward 5 Wave Impulse as per the rule of Flat.


So in the 5 Wave upward impulse forming in which Waves 1,2,3 and 4 are complete; Wave 2 was a complex structure and hence Wave 4 was a simple structure which is also complete we will get the confirmation after checking in the lower degree timeframe;


Wave 1 is complete we have a proper 5 Wave Upward Impulse complete which comprises Wave 1 of Wave 5 and now Wave 2 will form which is gonna be a correction;


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