An opportunity to buy
UPL CMP 580
Elliott- the ABC correction in this counter is a zig zag and is complete.
FIb- the stock is at 50% fib retracement it is also a confluence zone. Hence a strong support.
MA- at its longer MA support.
RSI- The dip to the bull zone is telling me the intermediate trend has now turned to positive. Even on the daily charts the current dip is above the bull zone.
Conclusion - to me this is yet another opportunity to buy this counter if u missed the bottom.
Elliott- the ABC correction in this counter is a zig zag and is complete.
FIb- the stock is at 50% fib retracement it is also a confluence zone. Hence a strong support.
MA- at its longer MA support.
RSI- The dip to the bull zone is telling me the intermediate trend has now turned to positive. Even on the daily charts the current dip is above the bull zone.
Conclusion - to me this is yet another opportunity to buy this counter if u missed the bottom.
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