Kalyan Jewellers
CMP 117
As of now, it seems to be consolidating in wave ii of III.
Depending upon the overall market situation, it may consoildate bit more.
But of the market remains bullish, we might see it moving upwards towards completing its wave iii targets.
In overall , the stock seems to be in uptrend.Bigger wave 3 targets can take it beyond 200 in coming months.
But if it breaks 103, then need to very cautious. This whole set-up will fail and would turn more bearish below 90.
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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