The directional V shaped signal
Dr Reddy CMP 1246
Fib Analysis- I have done fib analysis on the three major swings in this counter. The first swing correction halted at 61.8%. this was an indication that the bull trend was weakening.
The second swing correction halted at 50% taken from top and bottom. this was an indication that the stock was not expanding.
The 3rd swing correction halted at 38.2% the grid forming from top and bottom of the swing.
This swing has something more it is a directional signal which is an inverted V.
Hence to me the uptrend is over. Since the stock has halted at support we will witness a rally, but this rally will the last opportunity to exit this counter.
Fib Analysis- I have done fib analysis on the three major swings in this counter. The first swing correction halted at 61.8%. this was an indication that the bull trend was weakening.
The second swing correction halted at 50% taken from top and bottom. this was an indication that the stock was not expanding.
The 3rd swing correction halted at 38.2% the grid forming from top and bottom of the swing.
This swing has something more it is a directional signal which is an inverted V.
Hence to me the uptrend is over. Since the stock has halted at support we will witness a rally, but this rally will the last opportunity to exit this counter.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.