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KOHC - Intraday Analysis - 22-03-2024

  • Sarfaraz Ahmad

Primary Structure: Bullish Impulsive

Primary Trend:  Bullish

Current Wave Structure:  Potential Pullback

Expectations:
  The rise from the low can be counted in five waves in the red wave "(1)". Since we have made a new high the structure may be assumed completed. As per rules, a pullback minimum of three waves may be expected in red wave "(2)" that is in play. Weakness in the price is expected after a small pullback in black wave "B".

Recommendation:  Stay aside.



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