RAMCOCEM - Waves or Price Action?

٣٠ نوفمبر ٢٠٢٤

CMP: 1014
TF: Weekly

I tried my level best to mark all the possible internal counts for better understanding.. I have marked ONLY the IMPULSE counts and not the corrective ones.. It will be clumsy and difficult to read if I add everything to the chart.

Wave count suggests that the stock is in the Third of it's final 5th wave up. Usually, 3rd waves are great buying opportunities as there will be good movement in price with great momentum.

But Price Action suggest that it hasnt gone past the triangle or the previous supply zone yet.



What would you do? Comment below, that would describe your nature as a trader/investor

I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.