IBULLHSGFIN IN WOLFE WAVE

5 Eyl 2019

IBULLHSGFIN is in Wolfe Wave .And after taking a conservative approach, it even avoided going in to the sweet zone. It has recently retraced from the ARC level of 1.618.The upward bounce could be of near to 100 PTS or less for short term.However the major bullish move could be seen after 18th November 2019 at 5th Time retracemnet. Fundamentally that even makes sense as many stimulus been triggered for banks and NBFC's , and the FM is about to take measures for infra sector by meeting infra sector leaders in the upcoming weeks. And any positive move would roughly take to makes changes in the above mentioned time frame only.