COLPAL - CMP 2849

Elliott- the rally in this counter is corrective in nature. Hence the rally has to be sold into. The last leg of the correction the C wave should go to 3260 and 3400. So definitely a trading opportunity.

Oscillators- the fast move in oscillators is telling me this is corrective.

Conclusion - the down trend is not over hence the rally has to be sold into.
Technical IndicatorsTrend AnalysisWave Analysis

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