AMTEK AUTO
chart shows a completion of falling wedge in amtek auto.
As per the elliott wave wave 3 will start.
One can enter at CMP of 76
If u look with Fibonacci ratios price have retraced 78.6% with 3 waves and today it made a good upside movement.
RSI and MACD indicators are showing divergence as these are making higher high and price had made lower low.
Stop-loss of 68 will be recommended.
Regards
Rinkesh Jain
chart shows a completion of falling wedge in amtek auto.
As per the elliott wave wave 3 will start.
One can enter at CMP of 76
If u look with Fibonacci ratios price have retraced 78.6% with 3 waves and today it made a good upside movement.
RSI and MACD indicators are showing divergence as these are making higher high and price had made lower low.
Stop-loss of 68 will be recommended.
Regards
Rinkesh Jain
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