The correction is not yet over in Finance companies
Chola Fin CMP 1422
Elliott- this is the typical sharp fall that I spoke about in my previous post. This is only the first leg of the fall. The B is a rally ..here it has gone to 61.8% of the fall and has halted. In my view the C leg can commence from here.
Fib- the correction will come down minimum to 1K zone which is the 50% fib retracement and also trendline support.
I can see correction in most of the Finance companies so beware. I posted Mannapuram, Bajaj Finserv and now chola.
Elliott- this is the typical sharp fall that I spoke about in my previous post. This is only the first leg of the fall. The B is a rally ..here it has gone to 61.8% of the fall and has halted. In my view the C leg can commence from here.
Fib- the correction will come down minimum to 1K zone which is the 50% fib retracement and also trendline support.
I can see correction in most of the Finance companies so beware. I posted Mannapuram, Bajaj Finserv and now chola.
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