REC technical analysis on Wave theory
1)Completed Elliott wave (Total 08 waves. 5 Impluse & 3 corrective ) since 2012 to Nov 2018
2)In Bigger time frame Impluse wave have completed (05waves).
3)Now present in corrective mode. "A" corrective wave has completed & B wave seems has been completed but it may touched to be 61.8 of wave A. now Wave C is peding towards downword. it may 61.8%,100%.1.618% of wave B.
4)REC was consolidated from 2002 to 2012 than its has a big breakout and reched form 5 rs to 58 rs.
5)Lower side target to be 30
Note: this is only educationla purpose
2)In Bigger time frame Impluse wave have completed (05waves).
3)Now present in corrective mode. "A" corrective wave has completed & B wave seems has been completed but it may touched to be 61.8 of wave A. now Wave C is peding towards downword. it may 61.8%,100%.1.618% of wave B.
4)REC was consolidated from 2002 to 2012 than its has a big breakout and reched form 5 rs to 58 rs.
5)Lower side target to be 30
Note: this is only educationla purpose
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