Watch out!! Its Double Top formation

131
Grasim CMP 2762

Elliott - Here the 5th wave could not go past the 3rd wave and that's extremely negative. In common parlance its a double top.

Double Top - Its a directional signal and should be acted upon. The mid point of the same is at 2265.

Fibs - Once the mid point at 2265 is broken we should see both the zones at 2077 and 1889.

Oscillators - both the oscillators are below their MA cross is again danger. Since they are on higher time frame charts one needs to be extremely careful.

Conclusion - book profits.

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。