ITC CMP 411.45
Elliott - the stock has completed its rally which is the X wave. Now a three wave downfall will commence.
Fibs - the stock is now trading below its lower confluence at 411/413. Hence we know it is getting weaker.
MA - all the MA's together means the stock is about to take a direction.
Composite - the oscillator below its averages is danger.
Conclusion - Every indicator is pointing at the continuation of the down trend. To me the first wave down will not not get over before 344.
Elliott - the stock has completed its rally which is the X wave. Now a three wave downfall will commence.
Fibs - the stock is now trading below its lower confluence at 411/413. Hence we know it is getting weaker.
MA - all the MA's together means the stock is about to take a direction.
Composite - the oscillator below its averages is danger.
Conclusion - Every indicator is pointing at the continuation of the down trend. To me the first wave down will not not get over before 344.
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.
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.