UTI BANK
Wave B is notTerminate Yet...

This stock take the tank from 615 to 399 and from their it retraced 50% of that fall at 507 and currently closed below 481 which is the 38.2% fibo of 615-399. So on the way i might retest the 399 level. 399 will be tested when it moves down below the 451hich is the 50%ibo support of the rise from 399-502. Bollinger Band given sell signal on daily charts, RSI is still below the mid-point level ad CCI is the one indicator which is +ve side. I recommend to buy this stock whenit overcomed its 50 and 100DMA (502 & 481). In point o Elliott Wave already its completed the downtrend leg of 615 at 399 now its makng the Wave B which is the corrective wave of the Wave A, still i havent got the confirmation of the Wave B termination, if it moves down below 462 then Wave B is teminated at 502 and it'll complete the Wave C at 399 levels...