IndusInd Bank decline: EW analysis

2021年11月27日

INDUSINDBK

Minor wave 1 top at ₹1242 posted on 27-10-2021.

Ensuing decline in Minute wave a (circle) seems impulsive in nature, which means we will likely form a zig-zag (5-3-5) for complete correction. Expected price/time target shown.

Initial recovery post this phase of decline expected to be sharp with target zone shown.

Invalidation point for this scenario: ₹1042

Caution: Elliott Wave trading requires expert risk management skills since unfolding price swings necessitate frequent adjustments in original wave count.

2021年12月27日

交易结束：到达目标

SUCCESS!!!
Today's (27.12.2021) low touched 811.5, against my target of 802. Took a bit of detour but we got there eventually. I deem the impulsive decline complete with today's low with all 5 waves in place. Price should now recover upward before another impulsive decline in wave C can begin.