BEL CMP 385
Fibs - the stock has halted at fib confluence at 374/376.
Oscillators - At this imp support we have both the detrend and the composite at its support. This is positive.
Elliott - this correction is the iv wave down. Which has also found a trendline support. Since wave i and v are generally equal. The stock should rally from here to 445.
Conclusion - the vth wave is a good 15% from the CMP and hence can be utilized for trading purposes.
Fibs - the stock has halted at fib confluence at 374/376.
Oscillators - At this imp support we have both the detrend and the composite at its support. This is positive.
Elliott - this correction is the iv wave down. Which has also found a trendline support. Since wave i and v are generally equal. The stock should rally from here to 445.
Conclusion - the vth wave is a good 15% from the CMP and hence can be utilized for trading purposes.
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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.