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Mentorship

Mentorship

Jindal Steel

16 Feb 202112:07 PM

With the daily chart looking like a small 5 wave advance, it is possible that there is a short-term setback, though looking at the sector wave count that does not look necessary. The big picture wave count though matches with the sector where we should be in wave 3 of 3 and within that the 3rd wave and 1st wave would be equal to each other at 500. The short-term support will come in at the recent low of 306 followed by the 20 DMA at 294

. The big picture wave count though matches with the sector where we should be in wave 3 of 3 and within that the 3rd wave and 1st wave would be equal to each other at 500.

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