Gokaldass Follow-up
CMP 423
While we ‘re still not sure of the start of the longer term upmove wrt Elliot Waves method , but from stage analysis method, it seems to have crossed/closed above the 1st trading range – ie initial signs of Stage 2 beginning.
As mentioned in the previous post,if we want to ride, we will take small initial postion here.
But it should stay above the same by weekend as well as it needs to break above the 2nd trading range in coming weeks.
Weekly Chart
And if it fulfills the above conditions, then we would assume that longer term 5th wave has started and it might go to much highr levels in coming months.
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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