Long Ajmera Relaty to take long entry after the BO of Resistance area between 285-290 with the Target between 375-400 with the SL 250-255. stock is expected to cross 50 EMA as well as near the BO level. RSI is above 60 levels in the long-term chart monthly as well as weekly. so keep the stock in your watch list. This is for your education purpose only.
Price has broken down the wave (a) at 382.
We can see a corrective channel, which has held the corrective structure.
Wave c can travel for the following targets: 360-356-342+.
Price has also created the head and shoulders pattern, and the right shoulder has broken down the neckline.
Impulsive wave will start after the breakout of the corrective wave...
AJMERA realty did breakout at its crucial 155 resistance zone a few days ago from where it pulled back. Now seems like the pullback is complete and its heading back toward the resistance zone. We can start building bullish position, preparing for the breakout.