JSW Steel is about to finish its last leg of Correction
Hi,
JSW was in complex correction for a while, as we reach towards the completion of the last leg of the W-X-Y correction, we see that in the Wave Y we have already completed A-B- and now we are in the Wave C of Wave Y. In wave C we are in c of C wave, which means we are about to finish the last c Wave in the C wave, which itself is a descending triangle. Once this triangle is over we will see a quick and fast move till 692-694. If you closely see we had 2 triangles back to back in wave Y(wave B, Wedge triangle and wave C expanded triangle ).
Take a look at the 15 mins Chart, we are almost there. Just hang on for a day or two.
Regards
Sachin
JSW was in complex correction for a while, as we reach towards the completion of the last leg of the W-X-Y correction, we see that in the Wave Y we have already completed A-B- and now we are in the Wave C of Wave Y. In wave C we are in c of C wave, which means we are about to finish the last c Wave in the C wave, which itself is a descending triangle. Once this triangle is over we will see a quick and fast move till 692-694. If you closely see we had 2 triangles back to back in wave Y(wave B, Wedge triangle and wave C expanded triangle ).
Take a look at the 15 mins Chart, we are almost there. Just hang on for a day or two.
Regards
Sachin
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