Correction is done
GSPL- CMP 390.40
Elliott- thats a zig zag bullish corrective pattern and they often appear in strong bull trends. A fast correction and then the up trend again resumes.
Fibs- It is at 61.8 % fib retracement from a higher zone. This is strength.
RSI- +ve divergence at support is indicating reversal.
Trendline- one can buy this counter on a close above the trendline.
Elliott- thats a zig zag bullish corrective pattern and they often appear in strong bull trends. A fast correction and then the up trend again resumes.
Fibs- It is at 61.8 % fib retracement from a higher zone. This is strength.
RSI- +ve divergence at support is indicating reversal.
Trendline- one can buy this counter on a close above the trendline.
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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.