ADANI TRANSMISSION - Elliott Wave View
Since this is a complete waterfall, it is yet hard to say if the stock is correcting or if it's going to remain bearish only. Seeing the fundamentals and the energy around the stock, it is unlikely that it will pickup any time soon.
As per technicals, this is a complete bullish cycle completed. This is based on the Elliott wave theory.
As per technicals, this is a complete bullish cycle completed. This is based on the Elliott wave theory.
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Penafian
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