RAMCO INDUSTRIES LTDLargo
RAMCOIND LONG
Actualizado
According to the Elliott Wave Theory, the Elliott Wave Structure describes the pattern and arrangement of price movements in financial markets.
Based on extensive analysis, it appears that the stock has completed wave 5 on the daily chart. A corrective wave (a-b-c) has begun in black circle. Currently, it appears that the first wave (a) of correction is over and the in the second wave (b) in black colour. There is a chance that the second wave could extend up to 61.8% (Rs 290) of the length of the fifth wave from the lowest point of the first wave (a).
Wave (b) is anticipated to be comprised of approximately three subdivisions (a-b-c) in blue colour.
Wave a and b in blue colour is finished and wave c is going on.
Wave c in blue colour is unfolding in five sub waves in red colour.
Wave levels shown on chart.
Level of Invalidation
The Wave (ii) has been identified as the invalidation level at 213.10. If the price falls below this level, it can indicate that the expected Elliott Wave pattern is not as it seems.
I am not a registered Sebi analyst. My research is being done only for academic interests.
Please speak with your financial advisor before trading or making any investments. I take no responsibility whatsoever for your gains or losses.
Regards
VJ
Based on extensive analysis, it appears that the stock has completed wave 5 on the daily chart. A corrective wave (a-b-c) has begun in black circle. Currently, it appears that the first wave (a) of correction is over and the in the second wave (b) in black colour. There is a chance that the second wave could extend up to 61.8% (Rs 290) of the length of the fifth wave from the lowest point of the first wave (a).
Wave (b) is anticipated to be comprised of approximately three subdivisions (a-b-c) in blue colour.
Wave a and b in blue colour is finished and wave c is going on.
Wave c in blue colour is unfolding in five sub waves in red colour.
Wave levels shown on chart.
Level of Invalidation
The Wave (ii) has been identified as the invalidation level at 213.10. If the price falls below this level, it can indicate that the expected Elliott Wave pattern is not as it seems.
I am not a registered Sebi analyst. My research is being done only for academic interests.
Please speak with your financial advisor before trading or making any investments. I take no responsibility whatsoever for your gains or losses.
Regards
VJ
Operación activa
Level 1 achieved.waiting for Level 2.
Operación cerrada: objetivo alcanzado
Levels completed.
Exención de responsabilidad
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