Indeed Investment Stock for target zone 325-350 as Minor wave 2 retraced deep almost 90% of Minor wave -1- So, we shall be looking for target zone 325-350 + in coming months & years. At 345 it measure 261.8% of minor wave-1 distance & projected from minor wave-2.
But it is too early to come up with such high projections at this stage & we will review the stock as time moves ahead.
From Sep2016 lows od 163- it had an impulsive move to highs of 231 where minor wave-1 gt completed & later retraced close to 90% finishing minor wave -2 at lows of 165.50.
Looks like The move which started is nested waves within waves & we won't hurry up but surely looking strong on upside.
Short Term Chart-4H(4 Hours Chart)
Trading Strategy
Short Term Above 209 -recent high we look this move till 225-227 zone & later we come back again for review.
Long Term Indeed Investment stock for 350+ in coming months & years.
Order cancelled
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14:39 Hrs 16th May2017
Last Price@163.90
My God 209 did not cross upside - It was bad move downside.
Comments
amankavi
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I feel company cash flows in Mar.16 are very much negative which wasnt appreciated by investors, henceforth, major dip
WaveTalks
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@amankavi, Thanks but saved as we did not enter the call -was suppose to do above 209.
TradersofIndia
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Renewable's are the the future!
RaghuveerMunipalli
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Entered 202.want to hold for long term as per ur review.thank you for ur analysis.
Wow Thanks. Requesting you to start an investment series of such stocks.
WaveTalks
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@nirav5, Thanks to @Rajarshita_RS - for requesting to have a look on this stock. Sure. If come across- weekends are better time to do some analysis(new ones)- obviously can do but limited stocks. Thanks Nirav.