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NETSOL - Intraday Analysis - 20-08-2023

  • Sarfaraz Ahmad

Primary Structure: Correction

Primary Trend:  Bearish

Current Wave structure:  Bearish Zigzag in wave A

Expectations: The drop from the high is significant and can be assumed to unfold a zigzag in wave A. To complete the structure the price needs to make a new low.

Recommendation: Wait the structure is incomplete