RAMCOCEM - Waves or Price Action?
CMP: 1014
TF: Weekly
I tried my level best to mark all the possible internal counts for better understanding.. I have marked ONLY the IMPULSE counts and not the corrective ones.. It will be clumsy and difficult to read if I add everything to the chart.
Wave count suggests that the stock is in the Third of it's final 5th wave up. Usually, 3rd waves are great buying opportunities as there will be good movement in price with great momentum.
But Price Action suggest that it hasnt gone past the triangle or the previous supply zone yet.
What would you do? Comment below, that would describe your nature as a trader/investor
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
TF: Weekly
I tried my level best to mark all the possible internal counts for better understanding.. I have marked ONLY the IMPULSE counts and not the corrective ones.. It will be clumsy and difficult to read if I add everything to the chart.
Wave count suggests that the stock is in the Third of it's final 5th wave up. Usually, 3rd waves are great buying opportunities as there will be good movement in price with great momentum.
But Price Action suggest that it hasnt gone past the triangle or the previous supply zone yet.
What would you do? Comment below, that would describe your nature as a trader/investor
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.