DBL : Bullish

Every impulse wave follows some set of rules which we call them as SUTRAS for wave analysis. They are –

1. Wave 2 cannot move beyond the starting level of the wave 1. That means wave 2 never retrace 100 % of the wave 1.
2. Wave 3 is never the shortest one among the wave 1,3 & 5. It does not mean that it has to be the longest one.
3. Wave 4 never intervene into the price territory of the wave 1.


The stock can be considered in its 5th wave at present situation. One should go long on current levels with SL of 580 & look for the targets of 750/850/950