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LOTCHEM - Intraday Analysis - 18-05-2024

LOTCHEM - Intraday Analysis - 18-05-2024

  • Sarfaraz Ahmad

Primary Structure:  Bullish Zigzag.

Primary Trend:  Bullish

Current Wave Structure: Potential Bullish Impulsive.

Expectations:   The structure in blue wave "C" looks completed as we have witnessed a rise in five waves. This could be assumed as the first evidence of the trend reversal, More gains are expected after a pullback in three waves in blue wave "ii".

Recommendation:  Wait for the pullback,

Previously :

Previously :

Previously :


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