The analysis base on Elliott Wave Theory -resembles the Dow theory (HIGHER HIGH-LOWER LOW) means stock prices move in waves.
Elliott wave has two parts :
a) Impulse wave (Point 0-1, 2-3), which net travels in the same direction as the larger trend, always shows five waves in its pattern.
b) Corrective wave (Point 1-2, 3-4), on the other hand, net travels in the opposite direction of the main trend.
Five waves move in the direction of the main trend, followed by three waves in a correction (A,B,C).
In HDFC Life, 5th waves may give upside movement of 20%. Currently stock is consolidating - buy the dip.
Elliott wave has two parts :
a) Impulse wave (Point 0-1, 2-3), which net travels in the same direction as the larger trend, always shows five waves in its pattern.
b) Corrective wave (Point 1-2, 3-4), on the other hand, net travels in the opposite direction of the main trend.
Five waves move in the direction of the main trend, followed by three waves in a correction (A,B,C).
In HDFC Life, 5th waves may give upside movement of 20%. Currently stock is consolidating - buy the dip.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.