the correction is not over
COLPAL - CMP 2849
Elliott- the rally in this counter is corrective in nature. Hence the rally has to be sold into. The last leg of the correction the C wave should go to 3260 and 3400. So definitely a trading opportunity.
Oscillators- the fast move in oscillators is telling me this is corrective.
Conclusion - the down trend is not over hence the rally has to be sold into.
Elliott- the rally in this counter is corrective in nature. Hence the rally has to be sold into. The last leg of the correction the C wave should go to 3260 and 3400. So definitely a trading opportunity.
Oscillators- the fast move in oscillators is telling me this is corrective.
Conclusion - the down trend is not over hence the rally has to be sold into.
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