The stock is looking to come out of the consolidation after a long time with the volume at breakout point as well as support levels. EMA and other indicators are also indicating the same
Price has completed an Upward 5 Wave Sequence structure (Wave 1) and a 3 Wave downward Correction structure (Wave 2), now we have the Wave 3 coming up which is the Wave to surf!!! We see that Wave 2 has retraced Wave 1 by 61.180% and that is the rule for retracement of Wave 2 as per the Elliott Wave Theory. Wave 3 as per Fibonacci Extension levels...
#CROMPTON is hovering at important level and is at accumulation stage. Getting ready for the up move.
Crompton - Elliott Wave Count Crompton seems to have completed its correction and started a new upward impulse wave with a target of 350. However, if the market drops below 270, this view is invalid. Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading. NSE:CROMPTON NSE:CROMPTON1! ...
CROMPTON is near weekly support. May be good for swing trading with small support. I will wait next week candle to see prices action & pressure of bulls & Bear. Good to keep eye on it. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before...