Tatva Chintan Pharma Chem Limited / 26th Nov 2023
The downward trend started from 2977 is likely to see it completion at current levels with support at 1399. The 5 wave Eillot waves are marked on the chart and the 5th wave is likely to have reached its target indicated by demand near 1400 levels that resulted in the formation of an important candlestick a "hammer".
The Fibonacci retracements shows the important levels to look for in coming year.
The downward trend started from 2977 is likely to see it completion at current levels with support at 1399. The 5 wave Eillot waves are marked on the chart and the 5th wave is likely to have reached its target indicated by demand near 1400 levels that resulted in the formation of an important candlestick a "hammer".
The Fibonacci retracements shows the important levels to look for in coming year.