Elliott Wave Analysis of MUTHOOT FINANCE LTD
Hey Guys,
MUTHOOT FINANCE LTD came to my Radar today when I see it fall like an apple from the tree.
Generally people say stay away from a falling knife but what if an apple is falling from a tree? so I started to analyze MUTHOOT FINANCE LTD.
The full analysis is before your eyes.
Wave count:
Primary 3rd has Finished and we are in Primary 4th.
It appears that abc of 4th has completed, still I have kept an invalidation level near the recent lows.
minute wave 5 have completed and hence miner 1 looks also done.
And from todays low it feels we have completed retracement of 2 however it can do abc in this range.
Long May be initiated with patience and short to medium term it can show you the good results.(pls keep invalidation in mind)
The chart has full counts of wave please go through sliding chart left right and up down.
Your likes and follow motivate me to work even harder.
This chart is for education purpose it is not an advise for buy/sell.
thank you
Warm regards.
MUTHOOT FINANCE LTD came to my Radar today when I see it fall like an apple from the tree.
Generally people say stay away from a falling knife but what if an apple is falling from a tree? so I started to analyze MUTHOOT FINANCE LTD.
The full analysis is before your eyes.
Wave count:
Primary 3rd has Finished and we are in Primary 4th.
It appears that abc of 4th has completed, still I have kept an invalidation level near the recent lows.
minute wave 5 have completed and hence miner 1 looks also done.
And from todays low it feels we have completed retracement of 2 however it can do abc in this range.
Long May be initiated with patience and short to medium term it can show you the good results.(pls keep invalidation in mind)
The chart has full counts of wave please go through sliding chart left right and up down.
Your likes and follow motivate me to work even harder.
This chart is for education purpose it is not an advise for buy/sell.
thank you
Warm regards.
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