MarketMasters

Bharat Petroleum Corporation Limited - Bearish

BSE:BPCL   BHARAT PETROLEUM CORPORATION L
Forecasting corrective waves:-

Depth of Corrective Waves:-

No market approach other than the Elliott Wave Principle gives as satisfactory an answer to the question "How far down can a bear market be expected to go?"

A primary guideline of Elliott Wave Principle is that corrections tend to register their maximum retracement within
the span of travel of the previous fourth wave of one lesser degree, most commonly near the level of its terminus.

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