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Technical analysis provided on the chart is solely the personal views of my research.
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Past performance is not an indicator of future returns. Investment/trading is...
Wave (v) in blue color is in extended zone and wave (v) in red color will be in extended zone after 11016. Maximum projection of both these waves are coming at 11071.
So we can conclude that from 11016-11071 range small or big decline is possible. This decline can be 45-75 points or it may be 120-200 points.
The only confusion for that decline is because of the...
The stock of Ambuja Cement looks to be in its final fifth wave from its low of 191 made on 22nd November, 2017.
Looking at the chart given above the stock seems to have either completed or about to complete the inner wave four of its extended fifth wave. This last leg of the extended fifth can extend up to price level of 260 - 275 or can and move beyond the upper...