Long
LONG NIITTECH Completing Bullish AB=CD Pattern
From Jan 2016 till Aug 2016, the price action is in a correction phase. Now it has formed a Bullish AB=CD Pattern which also represents a zig zag pattern as per the Elliott Waves Principles. This indicates a short term bullish trend reversal with targets as below
Target 1 (0.236) - 432
Target 2 (0.382) - 461
Target 3 (0.618) - 610
Stoploss: 380
Target 1 (0.236) - 432
Target 2 (0.382) - 461
Target 3 (0.618) - 610
Stoploss: 380
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Related publications
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.