wave III of 3 in CARYSIL...upside potential of 25%
Carysil Limited, together with its subsidiaries, manufactures and trades in quartz kitchen and stainless steel kitchen sinks, bath products, tiles, kitchen appliances, and accessories in India.
The stock is seen making impulse waves to the upside since Jan 2023.
It made the first impulse (wave 1) from Jan. - April 2023. Wave 3 seems to have started off in May 2023 and is likely getting extended.
Wave I of 3 was formed between May and July 2023 and then there was a 75% retracement of wave I from July-oct.
Wave III of 3 has now kicked off and volume too is picking up. The projected target for this wave should be the 850-870 zone
SL 650
CMP 696
Target 860
The stock is seen making impulse waves to the upside since Jan 2023.
It made the first impulse (wave 1) from Jan. - April 2023. Wave 3 seems to have started off in May 2023 and is likely getting extended.
Wave I of 3 was formed between May and July 2023 and then there was a 75% retracement of wave I from July-oct.
Wave III of 3 has now kicked off and volume too is picking up. The projected target for this wave should be the 850-870 zone
SL 650
CMP 696
Target 860
Note
VOL surged today... SL trailed 685Note
sl trailed to 725Trade closed: target reached
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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.