Is the fall over in Avenue Supermarts Ltd (DMART)?
Price is moving in a broadening wedge pattern which is also known as expanding diagonal.
All the sub waves are 3 wave structures which are usually found in ending diagonal in wave 5 of an impulse or wave C of a correction.
Currently price is in sub wave 4 of the primary wave 5 which is going to end somewhere near 3900 level.
Wave 5 should end near 7700 level which is also the technical target for the classical saucer pattern.
All the illustrations are self explanatory.
More than 90% gains potential from CMP in medium term.
What you see here in the chart is just the tip of an iceberg, all the hard work cannot be shown.
If you are getting benefitted from my hard work then showing gratitude won't cost you a dime.
It can definitely motivate me to publish more charts which will benefit you further.
Do your own due diligence before taking any action.
Peace!!
All the sub waves are 3 wave structures which are usually found in ending diagonal in wave 5 of an impulse or wave C of a correction.
Currently price is in sub wave 4 of the primary wave 5 which is going to end somewhere near 3900 level.
Wave 5 should end near 7700 level which is also the technical target for the classical saucer pattern.
All the illustrations are self explanatory.
More than 90% gains potential from CMP in medium term.
What you see here in the chart is just the tip of an iceberg, all the hard work cannot be shown.
If you are getting benefitted from my hard work then showing gratitude won't cost you a dime.
It can definitely motivate me to publish more charts which will benefit you further.
Do your own due diligence before taking any action.
Peace!!
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