Analysing stocks with EW anyhow has a lot of learning. And a lot of challenge to count it alternatively.
Coal India has been in a down trend but in steps. The challenging point was to mark the C after which market is supposed to make another wave structure.
Either C should be marked in between and make a new structure from there ?
Or we can put C at little lower point at around 60 level and Check if C will be direction price is moving. Something we need to wait and watch and correct our marking way forward.
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