CROPMTON GREAVES DAILY CHART is enclosed with Elliot wave marking. It is easy to deduce the following.
1. W2 is simple and corrected more
than 50%
2. W3 is bit larger than 162% of W1
3. W4 is a complex correction with W 4(c) ending
at 38.2% of W3(subwave a equals subwave c)
4. 1st TGT for W5 will be 232. SL 175.75
Also note that on weekly charts price has made a hammer today. One can long above it with SL below the hammer i.e. 175.75
2. W3 is bit larger than 162% of W1
3. W4 is a complex correction with W 4(c) ending
at 38.2% of W3(subwave a equals subwave c)
4. 1st TGT for W5 will be 232. SL 175.75
Also note that on weekly charts price has made a hammer today. One can long above it with SL below the hammer i.e. 175.75
Happy Trading !
SHEKHAR
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| Crompton Greaves Daily Chart |
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