Looking to buy the retracement of wave 1 (marked in purple) as close as possible to Rs 8, with stop loss at Rs 6.98 and an immediate target of Rs 12.5.
RiskRewardRatio is 1 : 4.5
P.s. Why i mention this trade could be highly rewarding is because, i have reason to believe we have started Wave 3.
Good Luck.
Cheers !