L&T CMP 3260
Elliott - the 3rd of C is the most devastating. This is one stock where I can see the 3rd has started. This wave falls like a knife. Below 3242 it will rush to 3K and 2840. In my view this wave will not finish before 2200.
Conclusion - we all know the thrust of a triangle is very powerful on either side. The test from below was an opportunity. Strong stocks showing weakness is extremely bad news.
Elliott - the 3rd of C is the most devastating. This is one stock where I can see the 3rd has started. This wave falls like a knife. Below 3242 it will rush to 3K and 2840. In my view this wave will not finish before 2200.
Conclusion - we all know the thrust of a triangle is very powerful on either side. The test from below was an opportunity. Strong stocks showing weakness is extremely bad news.
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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.