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.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。