CRISIL seems to have completed the correction at least for a shorter term. Wave counting is clearly mentioned on the chart. I request you not to get confused with Wave 2 as it is lower than the initiation point of Wave 1 but visible in Candlestick Chart. As the correction of Wave 2 have been really sharp ie. It was completed in 8 Days with 609 Points of Up move,...
CRISIL Ltd - 07.01.2022
The stock is trading @ 2846 levels
The prices are at SUPPORT
The prices are below EMA
There is a STOCHASTIC oversold in Daily Chart
Let the prices go above 2969
Watch out for the price action
Disclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your...
one can long in cash only if good candle closes above resistance line as shown on chart with not much upper candle wick. target for long side will be 2554-2667. This range will be our PRZ(potential reversal zone)
Maintain stop loss of 1933 on candle close basis on weekly chart
If you think the stock is going as said , Hit a like button and support
thanks
1. Good to buy above 2146, Targets-2167, 2193, SL- 2132
2. Sell below 2117 Targets - 2092. 2065. sl- 2030
3. avoid trade if opens big gap up or gap down.
1. looking pretty good above 2061, for the targets of 2079 & 2099, sl-2048
2. pretty weak below 2029, Targets -2010, 1992, sl-2041
3. trade will remain void if opens big gap down or gap up.
