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Nifty can bounce from 0.618% – 0.786% of retracement levels, and we may see 18350 again.

According to the Elliott Wave Principle, it can drop up to 1.00% of wave i. And a breakdown of wave ‘i‘ is a direct sign of a strong downtrend.

Buyers must note that the price has broken 200 EMA.

Asian paint has started the impulsive sub-wave ‘iii‘ of wave 5. Price has crossed the high of wave ‘i‘, which is the signal of impulsive behavior of wave 5.

A long position can be initiated after a pullback when price penetrates on wave ‘i‘ to take support. And that cannot be a barrier for long-term investors. They can jump on it.

But if you are a short-term investor or safe trader, you may lose this opportunity due to waiting for a pullback, but this is the only way to manage risk.

But if you want to moderate risk here, you may lose the opportunity due to waiting for a pullback. And if you are a premium member, then you don’t need to worry about it. Asian paint full report is available below.

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