We are looking into long term trend of J K paper in weekly timeframe with the help of Elliot Wave and Fib.
Here are our observations:
Here are our observations:
- We are actually in the corrective A,B,C phase of wave formation.
- The recent move of around 365 to 400+ is the wave-B of corrective wave-A,B,C.
- The major corrective wave-C may be extended upto the 61.8% (Golden Ratio) of Fin retracement (which is around 300).