Mazdock CMP 1860
Nifty Def CMP 8561
Mazdock
Elliott- the stock has a complex corrective pattern and hence the deep correction. Corrections tend to cluster around the vicinity of the 4th wave. This chart is a good example of the same. To me this zone is a high prob reversal zone. At the same time Nifty def formed an expanded flat corrective pattern and is over.
Conclusion - this sector has given deep correction and is offering a very good opportunity to enter. So here is another sector showing that the correction is done.
Nifty Def CMP 8561
Mazdock
Elliott- the stock has a complex corrective pattern and hence the deep correction. Corrections tend to cluster around the vicinity of the 4th wave. This chart is a good example of the same. To me this zone is a high prob reversal zone. At the same time Nifty def formed an expanded flat corrective pattern and is over.
Conclusion - this sector has given deep correction and is offering a very good opportunity to enter. So here is another sector showing that the correction is done.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.