Correction likely in Pharam sector
Nifty Pharma CMP 22987
The current zone is a strong resistance. Fib resistance & trendline resistance at the same zone meaning a correction is on the horizon.
Elliott- It has also completed the v of the 3rd wave. Hence a correction is a high probability. Corrections have a likely tgt. Which are the 4th wave of one lesser degree. The same has been marked on the charts as a box. Thus a minimum correction of 15% from here is the top of the box. This also means that many stocks could correct a lot more. Second this correction will waste ur time as well.
The current zone is a strong resistance. Fib resistance & trendline resistance at the same zone meaning a correction is on the horizon.
Elliott- It has also completed the v of the 3rd wave. Hence a correction is a high probability. Corrections have a likely tgt. Which are the 4th wave of one lesser degree. The same has been marked on the charts as a box. Thus a minimum correction of 15% from here is the top of the box. This also means that many stocks could correct a lot more. Second this correction will waste ur time as well.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.