Om Namah Shivay
Our previous study on ARBat was invalid. On Analysis, the stock looks has made WXY from last year. The reach of Y is questionable from Fib ratio.
The correction looks either done as correction A = B. On alternation, the stock if continues to down, then we can target initially to 800ish level for the impulse correction. (currently the corrective abc could move it little higher 50 points and then we should watch ) The recent correction is too steep to count the 1,2. The recent correction can be taken 1 and 2 and if goes down we can check levels to confirm the w3 continuation.
Om Namah Shivay
Our previous study on ARBat was invalid. On Analysis, the stock looks has made WXY from last year. The reach of Y is questionable from Fib ratio.
The correction looks either done as correction A = B. On alternation, the stock if continues to down, then we can target initially to 800ish level for the impulse correction. (currently the corrective abc could move it little higher 50 points and then we should watch ) The recent correction is too steep to count the 1,2. The recent correction can be taken 1 and 2 and if goes down we can check levels to confirm the w3 continuation.
Om Namah Shivay
