EMCO - Hourly Analysis - 25-11-2023

Sarfaraz Ahmad
Nov 25, 2023

Primary Structure: Potential Double Three

Primary Trend: Bullish

Current Wave structure: Potential bullish Impulsive

Expectations: The rise from the low of black wave "a" is unfolded in three waves as blue wave "W". A pullback in the blue wave "X" is sharp and deeper. The rise from the low of blue wave "X" was very expected. We have met our targets.

Recommendation: 2: Sell all the holdings from 38 positively.
1: Long positions from the current levels (23) must be protected with stops below 21.

Previously :