Our system’s recommendation today is to STAY IN CASH. The previous SELL signal was issued on 11/20/2014, 6 days ago, when the stock price was 0.2739. Since then ELTP has fallen by -16.43%.
The bears are in full control. Besides, the signal is suggesting to STAY IN CASH. It is best to follow the signal and calmly wait on the sidelines.
*This is not a new pattern. It is the last pattern that was confirmed previously which is still valid for reconfirmation.