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TSPL - Hourly Analysis - 28-10-2023

  • Sarfaraz Ahmad

Primary Structure: Bearish Zigzag

Primary Trend: Bearish

Current Wave structure: Bullish Irregular Flat in blue wave "B"

Expectations: The scrip is trading in a corrective cycle of blue wave "B". This expanding flat in blue wave "B" successfully tested the 61.8% Fibonacci retracement level. We are expecting a decline in the price.

Recommendation: 2: Sell all the holdings as the price tested 15.
1:Profit-taking must be considered for holdings at around 15.

Previously :

Previously :


Previously :