Wockhardt CMP 1725
Elliott - the 5th and the last impulse is over and now a three wave correction will start from here. The correction tgts the vicinity of the 4th wave of one lesser degree. The same has been marked with a small box on the right chart. Thats 1100 to 900.
Fibs- The fib ext has confluence at 1500 from where the 4th wave correction started. The 5th wave has halted at the next confluence at 1855.
Conclusion - With the stock at resistance and RSI in the over bought zone and comp below its averages a deep correction is very likely from here.
Elliott - the 5th and the last impulse is over and now a three wave correction will start from here. The correction tgts the vicinity of the 4th wave of one lesser degree. The same has been marked with a small box on the right chart. Thats 1100 to 900.
Fibs- The fib ext has confluence at 1500 from where the 4th wave correction started. The 5th wave has halted at the next confluence at 1855.
Conclusion - With the stock at resistance and RSI in the over bought zone and comp below its averages a deep correction is very likely from here.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.