Vindhya Telelinks has started with 5th EW wave, marking a last pending bull move for the stock
The Stock is also a pair trade play alongside another scrip Universal Cables. Both hold individual stakes in each other and have a long history of complementing moves together. Can check with the Chart
Here divergences between two are often created and stocks catch up with each other.
Currently Vindhya telelinks hasn't moved compared to Universal cable's move that's been done already.
Hence the EW 5th wave + divergence upmove is an additional confirmation for a strong 30-40% upmove from current levels.
The Stock is also a pair trade play alongside another scrip Universal Cables. Both hold individual stakes in each other and have a long history of complementing moves together. Can check with the Chart
Here divergences between two are often created and stocks catch up with each other.
Currently Vindhya telelinks hasn't moved compared to Universal cable's move that's been done already.
Hence the EW 5th wave + divergence upmove is an additional confirmation for a strong 30-40% upmove from current levels.
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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.