Saturday, January 5, 2019

ADBL Agriculture Development Bank Targets Rs 536 Or Above - Elliott Wave Analysis

Agriculture Development Bank #ADBL fell towards Rs 283 from the life time high of Rs 536 in 3 waves which indicates ABC wave as per Elliott Wave Principle.

A sharp bullish move from Rs 283 to Rs 382 seems first wave as Wave I) which retraced around 0.786 level and completed wave II) in 3 wave fashion. Now ADBL is moving higher for wave III) in extended fashion. If ADBL holds above Rs 320 we will see nice bullish move towards new short term high.

Investment Idea: Long (Buy) Target Rs 536 or Above
Invalidation level Rs 320 (If ADBL falls below rs 320 the count will be invalid)

Agriculture Development Bank #ADBL Daily Elliott Wave Analysis Chart. 
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