Kalpatru (KPIL)
CMP 623
Long way to go – Ist it needs to meet the smaller wave iii targets and then larger wave III targets .
Then the correction and then larger wave V should kick in,
Weekly Chart
NTPC
CMP 210
Well it has lot of internal ovelapping waves so not so clear marking can be done as of now.
It is near to upper end of recent parralel channel ,hence can expect some resistant near 225-230.
Once it starts closing above this channel , then we would try marking it.
We tend to stay away these kind of charts where we’re unable to count clearly and that too at the time when there are many other opportuities avaialble ( remeber we’re in a bull market)
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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