CROMPTON has been wandering between 100-120 for quite sometime now. But a closer look would reveal that it was completing 5 wave Down move and than initiating the 1st wave up or corrective upmove. This bounce up should see it through to levels of around 196 or even 225. There it should reveal whether it is a corrective up move or a new wave up has started. In any case this offers an excellent risk reward opportunity.
1 comment:
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