04 May 2014

AMBUJACEM

7th May
Retraced more than expected and this may not be a bounce to 208.
Looks more like an Ending Diagonal with wave 'c' in progress and should end at 195.50/196. Then again a small bounce for wave 'd' and the the final wave 'e' down to around 193.35.





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One more leg on the down pending.
Can be shorted around 208 with minimum Stop.


Hourly

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