L&T

I am posting daily chart of L&T to understand it's structure. It seems that price has completed intermediate wave (1) and correcting into wave (2) which is not complete. It has completed correction wave A and wave B, the wave C is remained to correct. If one gets the price near 1356, one can buy.

Disclaimer: This and all the ideas I present are for educational purpose only.

Coal India

I am posting daily chart of Coal India to understand it's structure. It has completed intermediate wave (1) and may be wave (2) also, this will be confirmed once the price give decisive break out above the level of 423.67 and sustain that.

Disclaimer: This and all the ideas I present are for educational purpose only.