Amazing Reward against the Risk for Crompton Greaves
https://www.tradingview.com/x/gayDVb3K/
Price has completed an Upward 5 Wave Sequence structure (Wave 1) and a 3 Wave downward Correction structure (Wave 2), now we have the Wave 3 coming up which is the Wave to surf!!!
https://www.tradingview.com/x/c5DQiEGL/
We see that Wave 2 has retraced Wave 1 by 61.180% and that is the rule for retracement of Wave 2 as per the Elliott Wave Theory.
https://www.tradingview.com/x/71FEQpeC/
Wave 3 as per Fibonacci Extension levels achieves 161.80% of Wave 1.
After reacting to the 6 Months Demand in the left side Price has closed above the EMA confirming Buying Pressure and we also have a Demand formed in Monthly which is our Trade Demand for the Target of Rs. 878.45 that's a Reward of 21.44 against the Risk of Rs. 26.80.
https://www.tradingview.com/x/whCa8f95/
This is the Buy Trade with defined Risk .
Price has completed an Upward 5 Wave Sequence structure (Wave 1) and a 3 Wave downward Correction structure (Wave 2), now we have the Wave 3 coming up which is the Wave to surf!!!
https://www.tradingview.com/x/c5DQiEGL/
We see that Wave 2 has retraced Wave 1 by 61.180% and that is the rule for retracement of Wave 2 as per the Elliott Wave Theory.
https://www.tradingview.com/x/71FEQpeC/
Wave 3 as per Fibonacci Extension levels achieves 161.80% of Wave 1.
After reacting to the 6 Months Demand in the left side Price has closed above the EMA confirming Buying Pressure and we also have a Demand formed in Monthly which is our Trade Demand for the Target of Rs. 878.45 that's a Reward of 21.44 against the Risk of Rs. 26.80.
https://www.tradingview.com/x/whCa8f95/
This is the Buy Trade with defined Risk .
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.