PNB Housing Finance Elliottwave Count : CMP 1363.
Setup developing nicely. Awaiting correction to end below 1303 over another week or 2. Keep alerts.
Expanded flat correction playing out in wave 4 of intermediate degree. Wave 4 of larger degree tends to complete at about the region of wave 4 of 1 lesser degree (i.e. apprx 1,200). Heightened vigilance once price falls to below 1303 is important.
Wave C of this correction appears to be playing out in form of an ending diagonal. Ending Diagonals signify quick reversal in the opposite direction, so should make for a good buying opportunity once wave C is complete.