Thats a lovely chart with complex corrections marking as per the EW to see the completion of wave 4 and looking impulse to start the minor wave of wave 5. Note this is purely for education purpose only of EW .
The price is at the trendline which supported it for more than 10 months, if price respects this support, we may see rise again but breaking this support means a good fall in counter.
You can check the previous updates
CCL Products Ltd (CCL) is in the business of converting raw coffee beans into instant coffee granules/powder. The company is not only
India’s largest coffee processor, but it has the world’s largest single location plant and has top private label instant coffee manufacturers
across the globe as its clients. While prima facie it...
As per my analysis, best level to take upside entry on NSE:CCL is 488 with stop loss of 475 (13 Points)
Can hold long for targets of 498, 506, 515 & 526.
Note: This is my personal analysis, only for learning. Thanks.
About CCL Products (India) Limited ::::
CCL Products (India) Limited manufactures, trades in, and sells instant coffee and coffee related...
CCL Product {240 mins}: This Bollinger band squeeze is ready to fire... Awaiting a TL BO too. All oscillators are indicating positive price momentum ahead. Keep tight SL of 240 on closing basis. Appears a low risk trade.
CCL stock had taken support below Fibonacci level 0.618 and now it has crossed below Fib level 0.5, looks like it will again take support here and hit target of 430 in coming days.
NSE:CCL
CCL Products (India) Limited, a listed public company limited by shares was founded in the year 1994 with the vision of creating only the finest and the richest coffee in the world. At CCL Products we have taught ourselves to do business with integrity, commitment, customer orientation and an unwavering effort to maintain the highest quality standards in...
