I am posting Elliott Wave Analysis of daily chart of 'Power Finance Corporation Ltd.' to understand it's structure. It seems that the price has completed intermediate wave (1) and wave (2). Now the price is in minor wave 2 of intermediate wave (3). The target of wave (3) may be 359 and the next target may be 446.
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Disclaimer: This and all the ideas I present are for educational purpose only.
Disclaimer: This and all the ideas I present are for educational purpose only.
Elliott Wave Theory is a method of technical analysis that looks for recurrent long-term price patterns related to persistent changes in investor sentiment and psychology. The theory identifies waves identified as impulse waves that set up a pattern and corrective waves that oppose the larger trend.
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