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BSE Healthcare Index

22 Jan 2021 ‚óŹ 06:27 AM

The BSE healthcare index has pulled back to the 40 day EMA support at 21,380. Since we still have not reached the point where wave 5 is equal to wave 1 I would consider that the current trend is still on and extending with multiple subdivisions. The recent pullback is sufficient for a minor wave ii correction and we should start the next move higher in minor wave iii

 

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