In this weekly chart wave (a or i) is completed at 137 and wave (b or ii) may be completed at 98 and (c or iii) is already started which can take this stock to 151-163-183 in coming months...
What a Chart !!! Its a very good Investment stock for upcoming years and it may give multifold returns....The reason behind this idea is the pattern which i have marked in chart where stock is formed multiple wave 1 and 2 and it may bounce sharply to justify the personality of wave 3.
In this weekly chart it seems wave (a or i) is completed at 904 and wave (b or ii) formed a WXY(double zigzag corrective) pattern and made low near 61%. So there is a possibility that wave (c or iii) is already started or it may start soon and this stock may bounce in given range in chart. Its again a good long term investment stock which is available at lower price.
In this weekly chart of Indigo paints wave (a or i) is completed at 1680 and wave (b or ii) retraced around 61% and followed by a green weekly candle...So may be wave (c or iii) is already started and it may bounce in given target range as wave (c or iii) in upcoming months....
In this monthly chart of Rajesh Exports bigger wave (1) is completed and wave (2) also retraced around 70% as an Irregular correction and currently it may forming bottom and can bounce again as wave (3) in upcoming months and years...So its a stock for those who likes Buying from bottom and stay invested for Long Term...
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WaveTalks - Market Whispers: Can you hear them?
Recent Performance:
Since the last analysis on 17th Jan 2024, IREDA's stock has shown significant volatility and resilience...
