Looking at the successful completion of wave 4 at 16782, we can expect a beginning of wave 5 for a target of 19776.40.
So we can expect a growth of 18.11% from the low of 4 the wave
Also below level are needed to be followed on a closing basis:-
Level 1:- 17450
Level 2:- 17964
Level 3:- 18597
Final Level:- 19776
Level 3 also gives a confirmation of, formation of wave 5 as it is making a new high.
Please follow the resistance level and also consider them as support levels.
So we can expect a growth of 18.11% from the low of 4 the wave
Also below level are needed to be followed on a closing basis:-
Level 1:- 17450
Level 2:- 17964
Level 3:- 18597
Final Level:- 19776
Level 3 also gives a confirmation of, formation of wave 5 as it is making a new high.
Please follow the resistance level and also consider them as support levels.
