Now that something has started on BCG..... I am going to the Daily chart to see the current moves on it. If and only IF I consider the entire fall from 37/ odd to 13/ as a SINGLE wave down, then the Retracement MUST go upto 78.6% RISE of this entire fall towards between 28/ to 31/ apprxx. We sustain this upmove above 31/ for a few days and the Bottom should well be arrested
Is it currently going up from 13.20 because the RSI hit low? Is there a chance that this go down again towards 11 to 9 ?
deepgups
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@Kihtnana, Brother.............. Forget RSI... MACD etc.... These are OLD theory instruments and are LAGGARDS in NATURE. Use only Elliott Wave analysis combined with RETRACEMENTS..... That is all
Kihtnana
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@deepgups, As a layman, i see that in Mar23, it fell to 13.5 and rose till 18.40, then fell again to 9.40. Then rose all the way to 36, then fell to 26. Then 5% approx Fall everyday all the way to 13.20 and now climbing approx 5% everyday. So, i assume this climb will be till 18.40. But what after that? will there a tracement again all the way to 9 again? i hv drawn fibonacci retracemnet in bcg chart. But i dont know which elliot wave pattern to take. Also, Can you please help me read this Elliott Wave analysis chart combined with FIBONACCI RETRACEMENTS to understand the chart please.
deepgups
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@Kihtnana, Showing you the entire wave count and the weekly analysis. go to TV
skm7286
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fundamentals are very strong , daily sip is the best way to invest in this stock
TodaRamBijaraniya
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Actually I was expecting it to go till 11-10-9 but some buyers have shown interest in it so be it. I didn't get opportunity to book loses as I am holding it from 41. And now I may not get an opportunity to average it. So bad for me.