Visa Chrome Stock Waves Hint at Potential Price Drops to 10

NSE Visa Chrome stock has caught the attention of market analysts due to its potential Elliott Wave setup on the hourly chart. The larger structure suggests that Primary Wave W is still developing, with Intermediate (A) and (B) waves in place, and Intermediate (C) now unfolding.

Within Wave (C), a possible Minor Wave 3 is forming, with Minute Wave iii developing. This setup implies that the stock may reach lower price levels before potentially reversing course.

The 28 area is of particular interest as it's near the 61.8% Fib level. If the bearish Wave (C) structure continues to develop as expected, the deeper 20 area becomes another crucial reference zone for potential support or reversal.

Additionally, a larger Wave (C) projection indicates that the stock may potentially reach levels around 9.97, depending on how the current wave structure unfolds.