Last leg of correction
Diupdate
GAIL CMP 194.15
Elliott- this the expanded flat corrective pattern which makes a new highs and then corrects deeply. The current dip is the vth wave of C and is complete in my view. Hence the A,B,C correction is done.
Fib - A nd C have 1 or 1.618 relationship. It is currently at 1.618.
MA- its at its long term MA support too.
Conclusion - Most of the stocks that I have gone trough are completing their 5th wave of C or have already completed and resumed their uptrend. Hence use these dips to buy.
Elliott- this the expanded flat corrective pattern which makes a new highs and then corrects deeply. The current dip is the vth wave of C and is complete in my view. Hence the A,B,C correction is done.
Fib - A nd C have 1 or 1.618 relationship. It is currently at 1.618.
MA- its at its long term MA support too.
Conclusion - Most of the stocks that I have gone trough are completing their 5th wave of C or have already completed and resumed their uptrend. Hence use these dips to buy.
Trade aktif
since the 192 zone is broken in my view it will bottom around the next support at 180.
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