Grasim CMP 2762
Elliott - Here the 5th wave could not go past the 3rd wave and that's extremely negative. In common parlance its a double top.
Double Top - Its a directional signal and should be acted upon. The mid point of the same is at 2265.
Fibs - Once the mid point at 2265 is broken we should see both the zones at 2077 and 1889.
Oscillators - both the oscillators are below their MA cross is again danger. Since they are on higher time frame charts one needs to be extremely careful.
Conclusion - book profits.
Elliott - Here the 5th wave could not go past the 3rd wave and that's extremely negative. In common parlance its a double top.
Double Top - Its a directional signal and should be acted upon. The mid point of the same is at 2265.
Fibs - Once the mid point at 2265 is broken we should see both the zones at 2077 and 1889.
Oscillators - both the oscillators are below their MA cross is again danger. Since they are on higher time frame charts one needs to be extremely careful.
Conclusion - book profits.
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.