Monday, January 30, 2017

>Dabur elliottwave counts

Hi friends,
                        The chart we would discuss today is DABUR ,The stock is under correction 
since july last year.We had a nice abc correction b being a triangle.

Further the stock revounded sharply in an X wave ,Followed by a time 
consuming abc correction.
So we had abcXabc correction till 260
Now the upmove has again started which can be a new wave or a X wave again,
How do we acertain the correction is finished or its gonna still continue.
Few things to look for,The stock is 

still in the parallel channel so till it remains in channel the correction can continue ,The channel resistance comes at 290-95.
So we see how the stock reacts near those levels to figure out the further move of the stock ,Track this stock would update further on the move.


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