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PSO - Intraday Analysis - 14-03-2025

  • Sarfaraz Ahmad

Primary Structure: Potential Bearish Impulsive.

Primary Trend: Bearish

Current Wave Structure: Potential Pullback in Blue Wave "ii". 

Expectations: The decline from the high of blue wave "B" has unfolded in five waves as blue wave "i".  This drop can be perceived as the first evidence of a major trend reversal. As per the rules, a pullback minimum in three waves should be expected in blue wave "ii"; therefore, a temporary recovery is expected, which can approach the golden ratio.

NOTE: Target met. Made a total of around 16%. i.e., Rs 55.

Recommendations: 2: Target met. Wait for a pullback now.
1: Longs may be considered from around 348 with stops below 320 for a target of 403.

Previously :