GPIL
CMP:925
It seems to have completed some wave in its long journey and currently going through a correction.
Difficult to say whether the completed wave is minor wave I or it is larger wave 3. ( Our bias is towards minor wave I)
Currently it is at a critical level – bottom end of parralel channel support. If it breaks the channel , then we might see a deeper correction.
Daily Chart
Disclaimer : Views are personal. No buy/sell recommendations. The projection is based on our technical -probability study methods and chances of success/failure depend upon various factors.
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