POML - Hourly Analysis - 29-08-2026

Sarfaraz Ahmad
Aug 29, 2026

Primary Structure: Irregular Flat in Blue Wave "II"

Primary Trend: Bearish

Current Wave Structure: Potential Bearish Impulsive.

Expectations: According to the basic rules, there must be a pullback minimum of three waves after each impulsive structure. In our case, the price has printed a new high, suggesting an irregular flat is unfolding its final wave. Weaknesses may be witnessed after a small recovery in the black wave "II".

Past Trade: Made a profit of Rs 198, i.e., around 150% gain.

Recommendations: Wait for the structure to complete.

Previously: