A strong rally use it to exit
CNX Realty VS Nifty & CNX Realty CMP 816
Elliott- The first ABC correction is a zig zag. The wave B is an expanded flat corrective pattern which is clearer on the ratio chart. It is again very clear from this chart that a corrective pattern has emerged post the completion of zig zag. This is an expanded flat corrective pattern which should go minimum to the 970 zone. This is a good 18% from the current levels. Which means some of the stocks can move 30 to 40%.
Conclusion- Do not take this rally seriously. Book ur profits and exit as another set of ABC correction will begin post its completion. So yet another Index showing a strong rally. Make money and exit.
Elliott- The first ABC correction is a zig zag. The wave B is an expanded flat corrective pattern which is clearer on the ratio chart. It is again very clear from this chart that a corrective pattern has emerged post the completion of zig zag. This is an expanded flat corrective pattern which should go minimum to the 970 zone. This is a good 18% from the current levels. Which means some of the stocks can move 30 to 40%.
Conclusion- Do not take this rally seriously. Book ur profits and exit as another set of ABC correction will begin post its completion. So yet another Index showing a strong rally. Make money and exit.
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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.