info@marketswaves.com +923455923931

ENGROH - Intraday Analysis - 16-01-2025

ENGROH - Intraday Analysis - 16-01-2025

  • Sarfaraz Ahmad

Primary Structure: Potential Bearish Zigzag.

Primary Trend:  Bearish

Current Wave Structure: Potential Pullback in Red Wave "(B)".

Expectations: We must expect a structure of a minimum of three waves in black wave "c".  The decline from the high of black wave "b" is in five waves as red wave "(A)".  As per the rules, a pullback minimum of three waves must expected after each impulse cycle. This upcoming pullback in red wave "(B)" can test the golden ratio and fill the open gap.

Recommendation:  wait for the pullback



Recent Posts

LUCK - Hourly Analysis - 11-04-2026
CLOV - Hourly Analysis - 28-03-2026
GHNI - Hourly Analysis - 27-03-2026
FFL - Hourly Analysis - 13-03-2026
UBL - Hourly Analysis - 07-03-2026
MARI - Daily Analysis - 07-03-2026