LIC Housing

LIC housing is taking support on the 20dma at 426 in minor wave ii of 3. Wave 3 is developing from the low of 383. Wave 1 ended at 463 from the point marked as E. E marks the end of a triangle structure where the previous bear market ended. 3=1 from the low of wave 2 then comes at 671. If we take the sept low as the bottom, then from there we need 5 waves up to complete.