The Corporation Bank case

Corporation Bank is retesting true trendline resistances near 560 levels. The minor structure looks like an ongoing second corrective wave up which should complete near key resistances at 560-570 levels. Below respective resistances we expect further negativity in a third impulsive wave down. Our first target lies at psychological 500 levels.

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Coverage India: CNX100 traded stocks and Indian Indices.
Michesan Anna-Maria, Head of India Research. Anna discovered her interest of markets immediately after completing her graduate studies in Economics. She followed it up with post graduate studies in corporate finance. A host of research work in behavioral finance, option strategies and quantifying market sentiment followed. Anna covers Indian equity and combines Elliott, Time Fractals and Time Analytics to deliver accuracy across time frames. To review some of her work, check out the annual India accuracy report 2009.