Britannia CMP 4706
Elliott- The V waves in the first leg of the correction A is very clear. Hence we know this is a zig zag. The B leg generally rallies nearly to the highs in a zig zag. Hence to me it is a buy once A was complete. The B wave is forming an expanding flat corrective pattern. Now the c of B is underway and to me it should go minimum to 5400 and then 5800. I will suggest book ur profits at those zones.
Candlestick- that big bear candle is clearly telling us the trend has turned down.
Conclusion - all C waves have 5 waves of their own and are very sharp moves. Expect this counter to lift up in the coming weeks.
Elliott- The V waves in the first leg of the correction A is very clear. Hence we know this is a zig zag. The B leg generally rallies nearly to the highs in a zig zag. Hence to me it is a buy once A was complete. The B wave is forming an expanding flat corrective pattern. Now the c of B is underway and to me it should go minimum to 5400 and then 5800. I will suggest book ur profits at those zones.
Candlestick- that big bear candle is clearly telling us the trend has turned down.
Conclusion - all C waves have 5 waves of their own and are very sharp moves. Expect this counter to lift up in the coming weeks.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.