BSE Realty

Are realty stocks about to come around? We are seeing a slow advance in prices after the recent correction in the BSE Realty index. When looking at individual stocks it is possible to argue that the initial rally into the February top was a 5 wave advance and the recent pullback is a larger degree 2nd wave. If that is true then we may be looking at wave 3 of a larger degree starting from your which can go up to 5500 if it is equal to the 1st wave. The current reading is 2525.