The long consolidation is over
Kotak CMP 1792
Elliott- the consolidation since the last 4 years to me is a triangle and is complete. The thrust out of such triangles are generally very strong.
The stock trading in a rising channel is telling me things are changing. RSI too is now oscillating in its bull range. Hence to me it is time to buy this large cap stock.
Elliott- the consolidation since the last 4 years to me is a triangle and is complete. The thrust out of such triangles are generally very strong.
The stock trading in a rising channel is telling me things are changing. RSI too is now oscillating in its bull range. Hence to me it is time to buy this large cap stock.
Kommentar:
the breakdown post the consolidation is very negative. this correction can become much bigger now.