TRG - Intraday Analysis - 18-11-2023

Sarfaraz Ahmad
Nov 18, 2023

Primary Structure: Potential Zigzag

Primary Trend: Bullish

Current Wave structure: Bullish Impulse

Expectations: The structure in red wave "(Y)" looks completed as the rise from its low is decisive and shows impulsive characteristics. The bullish cycle still looks incomplete. Having said that we may witness a new high after a small consolidation in black wave "4". The consolidation may find support around the 38.2% Fibonacci retracement level where the middle line of the base channel also meets.

Recommendation: Wait for the confirmation.

Previously :

Previously :