TRADE SETUP – KOPRAN LTD

Dear All,

Hope you all benefited from Sunpharma.

Now the next setup is in Kopran Ltd. Price has moved really well from Rs 44 to Rs 100 levels Impulse wave 1. Nice correction has come in wave 2 and price retested the 61.8  fib retracement at Rs 60. There is a Double Bottom Confirmation too. Price has completed 2nd correction wave and entered impulse wave 3.

Here imp to see is Price is moving in 5:5:5:5:5 ratio.

Chart is attached below for your reference !

Kopran Daily Chart

Trade Setup is Buy above 72 for Target 100-115 SL 55

Sid

Learning Here – Elliot Wave Analysis

Disclaimer

I'm not a SEBI Registered Investment Advisor. Above Views are only for Educational Purpose. Equity, Commodity & Currency Trading has large potential rewards, but also Large Potential Risk. You must be aware of the risk and willing to accept them in order to invest in the markets. Don't trade with the money you can't afford to lose. This page is neither a solicitation nor an offer to acquire/sell any script. Please consult your financial advisor to take appropriate investments as per your risk profile. The past performance of any investments is not an indication for future returns.

2 thoughts on “TRADE SETUP – KOPRAN LTD”

  1. Nice analysis bro. You are doing a fantastic work and the main thing is you always explain the rationale behind a trade.That’s very important.

    Keep up the good work. !Cheers

Leave a Reply