NSE: M_MFIN The upcoming rally would be for such finance stocks. Its is no doubt a fantastic company in the hands of a very responsible man. Currently the stock is in 2nd Wave of its 3rd Impulse. It is a really good time to accumulate the stock till 131, for the minimum target of 250 level. And in long term it can touch it till 470.
Chart and Analysis ADARSH DEY
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A Bullish Wolfe wave has been spotted hopefully this will trigger the 3rd impulse.
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It is respecting the Wolfe Wave and a reversal has been spotted.
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A good bounce has been seen today. Now people will be interested in this stock
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May see a small resistance as the Wolfe Wave is complete. But this stock is yet to move a lot on the upside
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Marching towards the second Trendline target after completing the Wolfe Wave recently.
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Taken the second Trendline as resistance as expected. May retest 180-172-164,to complete the 2nd Wave of the Third Wave.
@StockWhizzer, Yes I do. Thanks to the misunderstood quarterly results by the people. This will definitely help to complete the corrective wave. And the accumulation zone and support both remains intact, until the support is not broken.