Tuesday, October 20, 2015

Hope to ride the 3rd wave by Abhishek Mittal

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.


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