Stock near ATH, it has completed Expanding flat correction on Monthly scale.
Following third wave rally should be huge.
Had checked basic fundamentals looks attractive.
Invalidation level given is based on weekly close which is 20% lower and is quite big SL and risky.
Target 3x-6x based on fib extension 2.618-4.618
DISCLAIMER:
There is no...
Oil India seems a good buy at this level for a target of 220 - 236 with a SL of 191. There are multiple confirmations indicating a good short term upside in the stock , so probably it may do good in this week. Detailed explanation has been given in the chart itself, Please go through.
CHART & ANALYSIS
ADARSH DEY
The Stock took support at trendline and 0.5% retracement level so wait for any reversal and took the position or else wait for a breakdown
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Long ago a surge in GOLD price rally stopped in the year 2011 & the point has been designated as a primary wave-5 by all the elliottician. From that level we have seen a correction upto the level of 1045 $. A nice corrective move.Right from that level GOLD price raised up & currently trading in a all time new highs range. But this rally from the lows 1045$ is...
