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Elliot wave analysis of IndusInd Bank

NSE:INDUSINDBK   INDUSIND BANK LTD
Om Namah Shivay

Brothers, IndusInd Bank is taking turns like a vertical move. And We are trying to analyse, are there any pre-indication which makes this dramatic call to be predicted.

Tried to put the count little differently. Then Tried to understand the big change. Have put one structure. I am a new learner. Experience feedback is welcome.

The end of the impulse , W5 looks to be an ending diagonal. We may have seen many ending diagonals which make suddent direction change. But here it is one of the rare ones where the change is so sudden/steep.

Now it looks it is preparing to go up to make the correcting B Leg.

This is just an analysis from personal view. There are no trade suggestion of recommendation.

Om Namah Shivay
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.