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JK Paper: In Elliot Collective Wave

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JK PAPER LTD (NSE:JKPAPER)  
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NSE:JKPAPER   JK PAPER LTD
Elliott Wave indianstocksanalysis JKPAPER elliotwaveanalysis fibbonachi
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elliottwaves indianstocksanalysis jkpaper elliotwaveanalysis fibbonachi
We are looking into long term trend of J K paper in weekly timeframe with the help of Elliot Wave and Fib.

Here are our observations:


  • We are actually in the corrective A,B,C phase of wave formation.
  • The recent move of around 365 to 400+ is the wave-B of corrective wave-A,B,C.
  • The major corrective wave-C may be extended upto the 61.8% (Golden Ratio) of Fin retracement (which is around 300).


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