IOC CMP 137.42
Elliott- The rally is a zig zag and is over. Since it is corrective we call it X. Now a new set of A, B , C correction will happen from here.
Fibs- the rally cannot go past 50% is weakness.
RSI - the oscillation within the bear zone is telling that the trend is still down.
MA- now trading below the longest MA is negative.
Conclusion - this stock is in my negative list. And now the correction has resumed. First tgt is back to the base at 110.
Elliott- The rally is a zig zag and is over. Since it is corrective we call it X. Now a new set of A, B , C correction will happen from here.
Fibs- the rally cannot go past 50% is weakness.
RSI - the oscillation within the bear zone is telling that the trend is still down.
MA- now trading below the longest MA is negative.
Conclusion - this stock is in my negative list. And now the correction has resumed. First tgt is back to the base at 110.
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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.