TIPS INDUSTRIES - Mid TErm Bullish - Wedge Breakout

Hi Folks,

Tips have been trading in a channel previously since Feb 2024, recent week candle has given a breakout on top of falling wedge.

Elliot Wave Analysis

1. Currently doing 4 wave of larger impulse.
2. Falling channel on weekly timeframe with RSI cooling off.
3. Recent week candle has broken out RSI as well as channel with surge in volumes.
4.5 wave targets are marked with fib projections.

Not a trade recommendation, please do your own due diligence.