Sunday, September 20, 2015

Sks Micro Analysis: Abhishek Mittal

Sks micro has been in news recently for all the wrong reasons. The stock has even
reacted to the couple of bad news that was showered upon it. Taking clues from the Elliot waves it seems that the worst is not yet over for the stock. The prices are in the 3rd wave of a larger c wave. The brevity of the b wave further haunts the future of the stock. The current slide should continue. The stock might seek some respite near 320 levels. Exit the stock on any bounce back.