3 Feb 2021 ● 08:16 AM
Value Wave Investment discussion.
Mahanagar gas completed wave 1 and 2 in the recent pullback, where wave 2 was a 38.2% retracement of wave 1. Daily momentum indicators have crossed over to the buy side and prices are attempting to close above the 20 DMA at 1081. Prices should attempt to get past the wave 1 high in wave 3 which is at 1148, above which the 3rd wave would be equal to the 1st wave only at 1495.