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JLICL - Hourly Analysis - 01-03-2026

  • Sarfaraz Ahmad

Primary Structure:  Potential Leading Diagonal. 

Primary Trend:  Bullish 

Current Wave structure: Potential Zigzag in Blue Wave "4". 

Expectations: The recent decline in the blue wave "4" invalidated our previous assumption. We are unfolding the last wave of the leading diagonal. The blue wave "3" appeared in three waves with a triangle in the middle. The decline from the high is sharp but can be counted only in three waves. We need a new high in the blue wave "5" to complete the leading diagonal. 

Note: Wave degree changed.

Past Trade:  1: Our recommended trade in the past made a profit of Rs.73.
                        2: Our moved stops are mitigated at 215, securing a gain of 71%.

Recommendations:  5: Moved stops are mitigated.
4: Move stops to 215.
3: Move the stops to 193.
2: Hold the longs.
 
1: Buy from around  125 with a stop loss at 85. 

Previously : 

Previously : 

Previously :