KSCL looks bullish in medium term to long term.

١١ سبتمبر ٢٠١٧

In weekly, price bounced from ascending channel support and moving towards the channel resistance.

sl - 525 tgt1 - 705, tgt2 - 740.

٢٦ سبتمبر ٢٠١٧

ملاحظة

channel support broken here, in.tradingview.com/x/3HBYfZGx/,
is the wave (iv) correction triggered this?, here is the probable ew count, in.tradingview.com/x/9FeHWicw/.

so I considered the 2016 jan dip as the start of impulsive wave, so as per the ew guidelines price should not breach 480-470 region and it should start its up move above or around this region, if 470-480 level is getting broken , then we need to do the recount.

٢٨ أكتوبر ٢٠١٧

ملاحظة

price respected 470-480 level, and reversed from there, seems wave (iv) is complete and wave (v) has started here.

١٦ ديسمبر ٢٠١٧

ملاحظة

price at major support level