DR REDDY GAP DOWN IN 3rd WAVE

we clearly see GAP DOWN in 3rd wave of the 5 waves of the C wave. What does this indicates? A fall to complete the 3rd wave was quick. we are done with 3rd wave and in the process to complete the 4th wave.


Possibilities:
*) Downward it can go to 1148-1160 to complete the 5th wave.

*) It may close the 3rd wave Gap before resuming its downward Journey to complete the 4th wave. (Less Probability)

In Either case I would prefer not to enter any new position and wait for the right opportunity.

Disclaimer: I am not SEBI registered Member. This is Strictly for educational purpose only.