POV: JINDWORLD - Jindal WorldWide Ltd
Time Frame: Weekly
First Wave (Sep '21 to Feb '22): The chart displays a powerful uptrend, delivering an extraordinary 518% move within 24 weeks.
First Correction: The stock retraced from its peak, finding support at the Fibonacci zone (0.5-0.618), and resumed an upward trajectory.
Second Wave: This wave broke the previous high and surged 145% in just 17 weeks.
Second Correction: The stock again retraced, taking support at the Fibonacci zone (0.5-0.618). It has since been consolidating for nearly 91 weeks within a 30% range.
Expectation:
A potential 16% upside to the upper range.
If a breakout occurs, it could lead to a further 33% move, marking a significant pattern breakout.
For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions.
#Disclaimer
#NiVYAMi
Time Frame: Weekly
First Wave (Sep '21 to Feb '22): The chart displays a powerful uptrend, delivering an extraordinary 518% move within 24 weeks.
First Correction: The stock retraced from its peak, finding support at the Fibonacci zone (0.5-0.618), and resumed an upward trajectory.
Second Wave: This wave broke the previous high and surged 145% in just 17 weeks.
Second Correction: The stock again retraced, taking support at the Fibonacci zone (0.5-0.618). It has since been consolidating for nearly 91 weeks within a 30% range.
Expectation:
A potential 16% upside to the upper range.
If a breakout occurs, it could lead to a further 33% move, marking a significant pattern breakout.
For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions.
#Disclaimer
#NiVYAMi
Note
Reach the level of Upper zone, waiting for breakout
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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.
Blogs : substack.com/@kzatakia
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.