CEPB - Intraday Analysis - 03-05-2024

Sarfaraz Ahmad
May 03, 2024

Primary Structure: Bullish Impulsive

Primary Trend: Bullish

Current Wave Structure: Potential Zigzag.

Expectations: The pullback blue wave "ii" is prolonged which is a healthy exercise in terms of wave structure. It looks like the price is unfolding final waves of this correction. Weakness in the price is expected. We may test 24 which can provide long opportunities.

Recommendation: Wait for the pullback.

Previously :