This chart setup seems perfect from an elliot wave's point of view.
Yes Crompton greaves.The prices have completed an ABC correction where wave C itself lacked momentum to violate the lows of wave B. Look at the labels 1&2. Post the second wave prices have started moving up. This could be a big 3rd wave which could take the stock to some where near 250 levels. Keep a strict stoploss at 160.
0 comments:
Post a Comment