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.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.