The Trend is intact

362
IDEA CMP 8.75

Elliott- I see 5 waves in the previous rally which is marked wave 1. The correction went down deep but has not broken the start of wave 1 hence the trend is intact.

MA - All the MA's converging is a sign that the stock is about to take direction.

Volume - Look at the volume at the bottom. This is slow accumulation.

Conclusion - if ur holding this counter continue to do so. Fresh buying I will recommend post this rally.

Penafian

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