NSE:CAMS is currently in a correction phase, according to the Elliott Wave Theory. The stock has completed wave 3 of the correction, and wave 5 is yet to complete. This means that the stock is likely to continue to decline until it reaches the Fibonacci level of 0.618, which is around ₹1,863 per share. Once the stock reaches this level, it is expected to start a...
Bank nifty has been consolidating in a narrow range of 34093 to 36230 that is 6%, and if we look carefully there is a trendline from may 2020 which bank nifty respects and takes supports from, and in the past 10 days it has hit the upper poart of the channel that is 36230 on 7 occasions so we can expect a good move in bank nifty when it comes near to the trendline.
