1. It is a monthly chart .
2. The scrip moved above the 1.618 projection in minor wave 3 projection of 222 . So the next stop on its journey is 2.618 extension i.e 307 .With resistance at 245 .
3. It is in the zone of 3 of (3) of ((3)) at 2 degrees higher .
4. Highest RSI in over bought zone proves point 3.
So the following can be concluded
a. For people not sensitive to price fluctuations they can buy and hold
b. For timing we can wait for rsi - price divergence but it may be at a higher price in wave 5 position of the minor wave 3. But that price would be higher . So try to buy it after its test of 222 levels .
But overall the stock seems to have a huge upside if held as a multi month position . Here 184 can be kept as a stop loss.
2. The scrip moved above the 1.618 projection in minor wave 3 projection of 222 . So the next stop on its journey is 2.618 extension i.e 307 .With resistance at 245 .
3. It is in the zone of 3 of (3) of ((3)) at 2 degrees higher .
4. Highest RSI in over bought zone proves point 3.
So the following can be concluded
a. For people not sensitive to price fluctuations they can buy and hold
b. For timing we can wait for rsi - price divergence but it may be at a higher price in wave 5 position of the minor wave 3. But that price would be higher . So try to buy it after its test of 222 levels .
But overall the stock seems to have a huge upside if held as a multi month position . Here 184 can be kept as a stop loss.