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DCB BANK LTD

EW analysis of DCB Bank in longer time frame

By ParamjitMahapatro
Updated
EW analysis shows that sub wave 5 of sub wave (3) of wave [3] is going on here.

probable tgt of wave 5 is 245 - 255. snapshot

long term tgts can be 290 then 370. snapshot
Trade active
in daily, uptrend is established and BB is directing upward, snapshot
Trade active
going good, till now 197
Note
in short term it is trapped in descending channel snapshot
Note
there is a probability for abcd pattern in daily, snapshot
Bullish PatternselliottwaveprojectionElliott WaveextendedthirdTrend Analysisuptrend
ParamjitMahapatro

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