I am posting monthly chart of Manglam Cement to understand it's structure. It seems that the price is in cycle wave III.
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On daily chart, it seems that the price has completed prime wave [1] and correcting to complete the wave [2]. Here it can be either a zigzag or a flat pattern this will be decided if the price crosses rs. 351 level or not respectively.
-15-01-2015.jpg)
Disclaimer: This and all the ideas I present are for educational purpose only.
On daily chart, it seems that the price has completed prime wave [1] and correcting to complete the wave [2]. Here it can be either a zigzag or a flat pattern this will be decided if the price crosses rs. 351 level or not respectively.
Disclaimer: This and all the ideas I present are for educational purpose only.
