MUGHAL - Intraday Analysis - 16-05-2025

Sarfaraz Ahmad
May 16, 2025

Primary Structure: Potential Bullish Impulsive

Primary Trend: Bullish

Current Wave Structure: Potential Bullish Impulsive.

Expectations: The wave "e" of the triangle has unfolded in a regular flat. It looks like the structure in wave "e" is now completed. The rise from the low has unfolded in five waves, which will be treated as a trend reversal confirmation. More gains are expected after a small pullback in blue wave "ii".

Recommendations: Wait for the pullback.

Previously :