Bank of Baroda CMP 244
Elliott - I have marked the strongest move on the charts. In Elliott wave this is the iii of 3. This is of tremendous value as the fib extension is supposed to be drawn from here. U can check that. The stock halted at 1.618 fib ext.
RSI - the oscillator has reached the bear zone, with the correction still not over this set up is extremely bearish.
Trendline - break of the trend line is asking u to be careful.
Conclusion - the iv wave is between 173 and 140. this is where corrections finally end. All in all a deep correction is on the way.
Elliott - I have marked the strongest move on the charts. In Elliott wave this is the iii of 3. This is of tremendous value as the fib extension is supposed to be drawn from here. U can check that. The stock halted at 1.618 fib ext.
RSI - the oscillator has reached the bear zone, with the correction still not over this set up is extremely bearish.
Trendline - break of the trend line is asking u to be careful.
Conclusion - the iv wave is between 173 and 140. this is where corrections finally end. All in all a deep correction is on the way.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.