Described in the chart
All described in the chart .
FALL WAS NO SURPRISE FOR ELLIOTT WAVERS . BLUE TEND CHANNEL - JOIN WAVE 2 AND 4 AND DRAW A PARALLEL TO THE TOP OF WAVE 1 . THIS IS SOP WHEN WAVE 3 HAS GONE TOO FAR. SEE HOW THE PRICE ACTION FITS IN THE CHANNEL PERFECTLY . SEE THE FIB RET OF 50 REACHES WAVE 4 OF 2 PREVIOUS DEGREES, A CONTRACTING ENDING DIAGONAL AS WAVE 5 OF 3 COMPOUNDED THE VIOLENCE OF THE MOVE .
The wave pattern can be disputed . Lets dispute and learn more .
We need to see how the pattern emerges . But I feel its no longer a growth stock . It seems like a trading stock with a downward bias.
Explained in the chart .
Described in the chart
Its bad for traders but a hold for investors.
All described in the chart
All described in the chart
All Described in the chart
Take a note of alteration in wave 2(flat) and wave 4 (zz) .
I am working on an ABC move with wave B as a triangle as the most probable count . As per this count we are in a wave 4 of C . The current wave 4 should hold the channel it is correcting and then go for the final wave 5 for 10600 app . to end the ABC ziz zag . It wave 4 does not hold the channel and breaks it convincingly then and impulsive count comes into play...
Described in the chart
Explained in the chart
Explained in the chart
HDFC Bank is rife for a correction in a wave iv . Will it be a flat or a triangle . I vouch for a triangle