REC technical analysis on Wave theory

1)Completed Elliott wave (Total 08 waves. 5 Impluse & 3 corrective ) since 2012 to Nov 2018
2)In Bigger time frame Impluse wave have completed (05waves).
3)Now present in corrective mode. "A" corrective wave has completed & B wave seems has been completed but it may touched to be 61.8 of wave A. now Wave C is peding towards downword. it may 61.8%,100%.1.618% of wave B.
4)REC was consolidated from 2002 to 2012 than its has a big breakout and reched form 5 rs to 58 rs.
5)Lower side target to be 30
Note: this is only educationla purpose


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.