Godrej Industries CMP 1206
Fibs- the dip to 61.8% of a swing is telling that the trend is intact but the bulls are loosing their grip.
Elliott- The first ABC correction is a bullish zig zag. It is followed by a bearish expanded flat corrective pattern. To me the wave is nearly over. Hence a three wave correction should begin from here.
Volume - look at the volume on the bull candle. Since we are still around the highs, its an indication that the retail have entered this counter in large numbers.
RSI - the negative divergence on the monthly chart is telling me that the larger trend is in danger. Right now it is in the bear zone and is ready to fall.
Conclusion - Mkt has given a second opportunity...book ur profits.
Fibs- the dip to 61.8% of a swing is telling that the trend is intact but the bulls are loosing their grip.
Elliott- The first ABC correction is a bullish zig zag. It is followed by a bearish expanded flat corrective pattern. To me the wave is nearly over. Hence a three wave correction should begin from here.
Volume - look at the volume on the bull candle. Since we are still around the highs, its an indication that the retail have entered this counter in large numbers.
RSI - the negative divergence on the monthly chart is telling me that the larger trend is in danger. Right now it is in the bear zone and is ready to fall.
Conclusion - Mkt has given a second opportunity...book ur profits.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。