Nifty Small Cap 50 CMP 9043
Elliott - This is a zig zag corrective pattern. To me the B wave rally is done. The C wave downfall should start from here.
Fib - Wave A and wave C are related to each other by fibs. The fib ext at 1.5 which is 8387 and Fib retracement at 61.8% at 8388 is a high probability tgt.
Oscillators - both the oscillators are below their averages. confirming the price resistance.
Conclusion - So yet another Index is showing that a correction is on the horizon. The tgt is a good 8% from CMP. This means many small cap stocks will see deep corrections.
Elliott - This is a zig zag corrective pattern. To me the B wave rally is done. The C wave downfall should start from here.
Fib - Wave A and wave C are related to each other by fibs. The fib ext at 1.5 which is 8387 and Fib retracement at 61.8% at 8388 is a high probability tgt.
Oscillators - both the oscillators are below their averages. confirming the price resistance.
Conclusion - So yet another Index is showing that a correction is on the horizon. The tgt is a good 8% from CMP. This means many small cap stocks will see deep corrections.
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.