KEL PROBABLY IN WAVE ' C ' - SHORTK-Electric Ltd.PSX_DLY:KELKayJayKEL is most probably in wave C of an ABC correction If our preferred wave count is correct then KEL is in wave C of and ABC correction (Black colour) which will take price towards 5.45 & below, however price will have to take out 6.66 level to give confidence to this wave count. Alternately, we might still be in a lesser wave b (orange colour) of B wave which might take price down towards 6.66 - 6.45 level and bounce back up towards 8.45 level as wave c. We are updating this trade setup with a delay, as we are already active in this trade at 7.20. We look forward to add more short sell positions if the market bounces back tomorrow retesting the upper blue trendline which will make the risk/reward ratio better. Trade Setup: Entry level: 7.20 Stop loss: 7.99 1st Target: 6.45 2nd Target: 5.45 Let see how this plays, Good Luck! Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.