NewGen – Our Portfolio Stock
CMP 688
We entered in mid-April as updated before.
Here is the projection for its likely path for long and mid-term .
In long term ,it can cross minimum 2000 as we are in 3rd wave ( equality principle puts it beyond 2000).
In mid-term, it seems seems that we’re in in Vth I of 3rd wave.
i and iii look equal so we can expect that Vth may extend. But we start with equality principle ( ie 2 of the 3 impulse waves have to be equal ).
In short, if we’re taking the right EW option, it has long way to go!
Weekly Chart
Disclaimer : This post is just 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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