HCL DAILY TIME FRAME VIEW

ELLIOTT WAVE ANALYSIS: All observations are clearly indicated in the chart.

Elliott wave is an road map to identify the direction of market.

Wave "1" :Motive wave completed

Wave "2" :Simple zigzag completed

Wave "3" :Extended Motive Wave Golden wave also completed.

Wave "4" :Alternation rule so chances are there for formation of Triangle pattern (time consuming pattern).

Wave "5" : Not yet started