Godrej CP CMP 1189
Elliott - This is a zig zag corrective pattern. The B wave rally is over and now the C wave has started. The A and C have a 1 and 1.618 relationship. Hence this correction will not get over before 790 and max 500.
Directional Signal - the Inverted V is a directional signal and is warning u of a deeper fall ahead.
Oscillator - both the oscillators are below the MA cross and is conforming the C wave downfall.
Conclusion - the C wave down fall has begun and hardly gives an opportunity once in force.
Elliott - This is a zig zag corrective pattern. The B wave rally is over and now the C wave has started. The A and C have a 1 and 1.618 relationship. Hence this correction will not get over before 790 and max 500.
Directional Signal - the Inverted V is a directional signal and is warning u of a deeper fall ahead.
Oscillator - both the oscillators are below the MA cross and is conforming the C wave downfall.
Conclusion - the C wave down fall has begun and hardly gives an opportunity once in force.
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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.