AKJCL Elliott Wave 4 Analysis — Bullish Reversal Ahead

AKJCL Elliott Wave analysis Nepal — AKJCL Elliott Wave 4 Analysis — Bullish Reversal Ahead. NEPSE technical analysis by Ananta Dhungana.

Signal: bullish

Current Elliott Wave count: Wave 4

• Preferred levels:
• Support: 337-299
• Resistance: 370
• Stop Loss: 299
• Breakout: 370

The correction in AKJCL's 4th wave is nearing completion, unfolding as anticipated. If the stock dips below the 50% retracement area, our current Elliott Wave count would be invalidated, requiring us to reassess the emerging pattern. For now, a breakout above 370 is necessary, and the stock must also overcome the downward parallel channel, which is currently acting as a bearish trendline resistance.