Neuland Lab
CMP 1699
Is the wave 2 over at ‘c’…seems to be .
But if it is really next big wave…we need few confirmations as we move forward … ideal way to ride is to add small positions as one keeps getting confirmations but exit of it starts closing below 40 WEMA
a) Should cross and close above trading range (yellow line) on few weekends
b) Should cross and close above 61.85 retracement (pink line) on few weekends
c)Should cross and close above previous ATH on few weekends
Weekly Chart
Disclaimer : Invested and biased.This post is just a for learning few methods of price-patterns. Views are personal and are purely based on our limited knowledge of charts. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors
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