Details marked in the chart
After completing wave 2, a FLAT correction with a strong B wave at around 60 in March 2025, the impulse move of wave 3 started.
Currently its wave 3 in progress the best place to be as per Elliot Wave theory and in the weekly chart it broke out with a closing above the counter trend line, which is bullish.
Should give multi bagger returns in the next 3 years.
CMP 94. Target 1 = 180 Target 2= 260
My view will be invalidated if it breaks 75 on a weekly closing basis.
Disclaimer:
1. I do not own this stock in my portfolio
2. This is not a trade recommendation but a study on Elliot Wave Analysis.
After completing wave 2, a FLAT correction with a strong B wave at around 60 in March 2025, the impulse move of wave 3 started.
Currently its wave 3 in progress the best place to be as per Elliot Wave theory and in the weekly chart it broke out with a closing above the counter trend line, which is bullish.
Should give multi bagger returns in the next 3 years.
CMP 94. Target 1 = 180 Target 2= 260
My view will be invalidated if it breaks 75 on a weekly closing basis.
Disclaimer:
1. I do not own this stock in my portfolio
2. This is not a trade recommendation but a study on Elliot Wave Analysis.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.