WavesandZones

Amazing Reward against the Risk for Crompton Greaves

Giá lên
NSE:CROMPTON   CROMPTON GREAVES C

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 achieves 161.80% of Wave 1.

After reacting to the 6 Months Demand in the left side Price has closed above the EMA confirming Buying Pressure and we also have a Demand formed in Monthly which is our Trade Demand for the Target of Rs. 878.45 that's a Reward of 21.44 against the Risk of Rs. 26.80.


This is the Buy Trade with defined Risk .

Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.