GRAN Price Action - What happens if Wave C is gonna match Wave A?

ASI and many Counters have witnessed 3 Wave structures mostly when there had been steep falls. This formation can be witnessed in GRAN as well. Present support is 47, resistance was 53, which was re-tested today. In fact we saw the prices trying to close above 53, but failed for the day. If a breakout is to happen then the wave A length could be seen in the wave C and that equation is at 58.40. You can see that in two ways of measurements drawn in the chart. If some one wants to enter at 53 to target 58.4, the risk to reward ratio would be 1to1 given the support at 47. If we see a strong movement in prices the Wave C could test one and a half times of the wave A. That too has happened in the past. All this wont happen in isolation without macro and micro fundamental effects. Hence entering to a trade needs a lot of thinking, and a strict stop loss at 47.

Commercial Bank - Price Action

Amidst haemorrhage in this counter there was a reversal to the up. But that doesn't mean every thing is well. However it's worth a following. If the uptrend which we see now to continue, the price has to break above 71.90 and resume the trend. Also with above average volumes. IF the price is trending within a range, then the low of 60.50 and a high of 71.90 will turn out to be a painful consolidation. If we see the prices breaking out we can expect it to test 77 to 85 range.  20 EMA at present is 66.90. That is also an area which could act as a support.

AEL - M-REV, how is it now

It was on the 8th we saw that all conditions were met to initiate a Buy based on the M-REV Strategy on AEL. 6 market days thereafter, as of today the 16th of June we can see the prices are consolidating within a bullish flag formation. We need to see the prices moving above the upper trend line of the Flag-Channel, to expect the prices to test 19/50 or even 20/=. A Sell will be initiated only when the conditions are met to Sell. In this Strategy we do not plan for a stop price as the Take Profit and Stop Price both will be made based on the said Sell Conditions. In terms of Price action the present support is at 16/=, and another strong support is at 15/=. Whoever wants to take a trade other than this strategy can place stop loss levels at those prices.