KAJARIA CERAMICS: A DOUBLE THREE
From the highs of 1375 stock is declining making lower lows lower highs which suggests that stock is undergoing into a short term corrective downtrend. From ElliottWave perspective stock is forming a double three correction (WXY) of which wave-X is already concluded at 1093 and right now stock is unfolding its wave-Y which shall bring the prices towards 700-650 zone in the coming months.
Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
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twitter.com/mansh_25
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