PGHL (Procter & Gamble Health Ltd) || Elliott Wave Analysis |
PGHL Monthly Chart Analysis
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1) PGHL is trading at the approx 29 % discount value from the all-time high.
2)Since the last three months, it has been consolidating in the range (Marked in the Red Box).
3) Upside Range break out is an entry trigger.
4) Daily Close below 5100 is Stop Loss.
5) Fibonacci Projection of .618 of Wave 3(i.e point 2 to point 3) from our assumption of Wave 4 low(touching the lower trendline), gives a target for Wave 5 as 8038
6) Favourable Risk to Reward approx.(1:10). 4% stop loss, 48 percent target
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Please note that Daily volume is not very high in this Stock, so it is a very volatile stock.
* I am not a registered analyst.
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1) PGHL is trading at the approx 29 % discount value from the all-time high.
2)Since the last three months, it has been consolidating in the range (Marked in the Red Box).
3) Upside Range break out is an entry trigger.
4) Daily Close below 5100 is Stop Loss.
5) Fibonacci Projection of .618 of Wave 3(i.e point 2 to point 3) from our assumption of Wave 4 low(touching the lower trendline), gives a target for Wave 5 as 8038
6) Favourable Risk to Reward approx.(1:10). 4% stop loss, 48 percent target
-------------------------------------
Please note that Daily volume is not very high in this Stock, so it is a very volatile stock.
* I am not a registered analyst.