Maruti: Rising Flag, Dropping Probability
Structure
Wave Y Setup
Summary
The current rise is a corrective phase, not a trend reversal. The higher-probability outcome is a continuation lower into Wave Y unless the channel breaks to the upside.
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
- The decline into Wave W is complete as a Regular Flat.
- The rebound is a corrective Wave X, fully overlapping and contained within a rising channel.
- Bias remains bearish as long as price trades inside this channel.
Wave Y Setup
- Trigger: Breakdown below the channel near 16000.
- Entry: Preferable after a break and retest of the lower channel line.
- Target: Toward 15,260 to complete Wave Y.
- Invalidation: A decisive close above 16,549 invalidates the bearish view.
Summary
The current rise is a corrective phase, not a trend reversal. The higher-probability outcome is a continuation lower into Wave Y unless the channel breaks to the upside.
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
Dagangan ditutup: hentian tercapai
WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.