Rossel India
CMP 273
Yes we are tracking this. We shared our analysis in April 22 when stock price was at 210 and stock went upto 385 afterwards.
Currently it has corrected in wave ii of bigger wave 3 and has done a correction close to 61.8 % ( of the rise from August 19).
Difficult to say whether correction is over or it would consolidate a bit and would form a base by moving in a range.
We are long term bullish in this stock and would add on corrections. Because whenever the III of 3rd wave starts (290-300 are levels for watchout ), it might go very high.
Weekly Chart
Disclaimer :This post is just for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors.
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