NSE ECLERX has accomplished the correction structure at 1833.95. Prices have reached 78.6% extension of wave C. Today, ECLERX has broken down 200 EMA that signals impending advance. The ending point of correction is the starting point of impulse.
According to the Elliott wave principle, Impending advance can’t be possible without confirming wave 4 of lower degree.
If the price sustains above 2129, traders can trade for the following targets: 2241 – 2352 – 2494+. Please note that this trader can be active if the price enters the parallel channel.
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real and practical, I will follow this analysis.
Good insight! Keep it up!