SML Isuzu CMP 3429
This stock more than doubled in the last one month. It is correcting now, hitting back to back two lower circuits. Is the rally over??
Elliott - the rally to 4200 is the 3rd wave which is the strongest of the three impulse waves. the correction now is the 4th wave and should get over around the current zone. In my view it will consolidate within a range and then resume its uptrend. In my view the 5th wave can go all the way to 5400.
Volume - look at the volume in the 3rd wave. It shows bulls are in control.
Conclusion - just hold ur nerves this counter will see new highs.
This stock more than doubled in the last one month. It is correcting now, hitting back to back two lower circuits. Is the rally over??
Elliott - the rally to 4200 is the 3rd wave which is the strongest of the three impulse waves. the correction now is the 4th wave and should get over around the current zone. In my view it will consolidate within a range and then resume its uptrend. In my view the 5th wave can go all the way to 5400.
Volume - look at the volume in the 3rd wave. It shows bulls are in control.
Conclusion - just hold ur nerves this counter will see new highs.
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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.