This stock has shown almost aligned wave counts from weekly to daily and from daily to hourly and right now its in correction area of some lower degree wave counts
macd on hourly chart
momentum negative cross done on hourly
Price under and below RK's stopline in daily
Price made neutral candle under and below 20DMA in daily
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MSCI infusion in BOB during last 30 minutes of trading session was massive and filled with volatility. Total traded Qty on the NSE counter was about 17.92mm. Analysts predict the stock to rise uptil 165. But I'm eagerly waiting it to break 155 levels with a good volume on downside.
worldlyDingo10715
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Do you see a reversal in BOB?
RK_Charts
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@worldlyDingo10715, As per Elliot wave counts structure is still incomplete, which is expected to make new lower low on daily time frame which should not be ruled out. Probability is strong enough along with invalidation level of 174, If it ticks price above 173.85 then our study view will invalidated, Read Disclaimer.
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