A short and sharp rally likely

630
BEL CMP 385

Fibs - the stock has halted at fib confluence at 374/376.

Oscillators - At this imp support we have both the detrend and the composite at its support. This is positive.

Elliott - this correction is the iv wave down. Which has also found a trendline support. Since wave i and v are generally equal. The stock should rally from here to 445.

Conclusion - the vth wave is a good 15% from the CMP and hence can be utilized for trading purposes.

Penafian

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