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CHOLAFIN - has completed 5 wave impulse from Covid Lows

1 952
CHOLAFIN - CMP 1280

Primary count (Blue) suggests that the 5 wave impulse from Covid Lows seems to have ended (from 120 to 1650)

The correction could stretch up to 0.618 or 100% of the 4th wave lows..

Price has decisively broken 200 DEMA.. I am expecting this to test 1000 levels in the coming days.. There is also an unfilled GAP at 900 levels.. if we are lucky, hitting that zone will be a jackpot

It is not going to be one way fall though.. Because it is a long range cluster (1000-1300 - multiple week consolidation range) and there will be multiple supports and bounces on the way.. Immediate support for now is 1180
Dagangan ditutup: sasaran tercapai
Price bounced from 1180 during mid November and now breaking the same. After a brief pullback towards 1240-1280, price will reach the ultimate destination at 1040-1000 levels hopefully.

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